Extended Market Index Fund Admiral Shares (VEXAX)

OPTIONS as of
04/25/2018

Options Expense ratio Minimum
Admiral 0.08% N/A
Investor 0.21% N/A
Inst 0.06% $5.0 Million
Inst Plus 0.05% $100.0 Million
Inst Select 0.02% $3.0 Billion
ETF 0.08%

Vanguard ETF Shares can be bought and sold only through a broker (who may charge a commission) and cannot be redeemed with the issuing fund. The market price of Vanguard ETF Shares may be more or less than net asset value.

About our options  


 

Fees

A fee charged by some mutual funds when an investor buys shares. This fee is not a sales charge or load because it is paid directly to the fund to offset the costs of trading certain securities.

 None

A fee charged by some mutual funds when an investor sells shares. A redemption fee differs from a back-end load because the money is paid back into the fund. Many funds charge redemption fees only when shares are bought and then sold within a specific period of time, generally in an effort to discourage market-timing and short-term trading. Some brokers also charge their clients redemption fees for the sale of securities.

 None

KEY FACTS

Product type: Domestic Mid-Cap Blend
VEXAX
 inception on 11/13/2000
Earliest share class inception on 12/21/1987
$58.3 billion

This represents the total net assets for all share classes of Vanguard's U.S. funds, as well as any collective trust that shares the same investment strategy, management and holdings.

 as of 12/31/2018
$17.6 billion net assets for
VEXAX
 as of 12/31/2018
3,298 holdings as of 12/31/2018
Indexed to the S&P Completion Index (SPTRCMI)
Turnover rate (Fiscal year-end  12/31/2018) 11.70%
CUSIP: 922908694

STYLEBOX

Stock


Index portfolio of mid- and small-capitalization stocks diversified across investment styles.



Central tendency
Expected range

How to read our stylebox  

Investment approach



  • Seeks to track the performance of the S&P Completion Index.
  • Mid- and small-cap equity diversified across growth and value styles.
  • Passively managed, using index sampling.
  • Fund remains fully invested.
  • Low expenses help minimize net tracking error.

Total returns

as of 12/31/2018

View as:

as of 12/31/2018

15%
10
5
0
-5
-10%
 
 
 
 
 
  1 year 3 year 5 year 10 year

11/13/2000

NAV 
– 9.36% 7.53% 5.28% 13.63% 7.22%

Spliced Extended Market Index

*
– 9.57% 7.39% 5.17% 13.54%

Note: Fee adjusted for mutual funds where applicable.

* Dow Jones Wilshire 4500 Index through June 17, 2005; S&P Transitional Completion Index through September 16, 2005; S&P Completion Index thereafter.

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited.


Sector weightings as of 12/31/2018

  Sector  VEXAX

S&P Completion Index

+/- Weight
Information Technology 17.9% 17.8% 0.1%
Financials 16.7% 17.1% – 0.4%
Industrials 13.5% 13.4% 0.1%
Health Care 12.4% 12.4% 0.0%
Consumer Discretionary 12.0% 11.9% 0.1%
Real Estate 8.7% 8.7% 0.0%
Communication Services 5.0% 5.0% 0.0%
Materials 4.4% 4.4% 0.0%
Energy 3.4% 3.3% 0.1%
Utilities 3.2% 3.2% 0.0%
Consumer Staples 2.8% 2.8% 0.0%
Other 0.0% 0.0% 0.0%
0%
20%
Total 100.0% 100.0%

Sector categories are based on the Global Industry Classification Standard, except for the "Other" category (if applicable), which includes securities that have not been provided a Global Industry Classification Standard as of the effective reporting period.

Top 10 Equity Holdings as of 12/31/2018

Rank Holding
1 Tesla Inc.
2 ServiceNow Inc.
3 Workday Inc.
4 Worldpay Inc.
5 T-Mobile US Inc.
6 Las Vegas Sands Corp.
7 Palo Alto Networks Inc.
8 Square Inc.
9 Liberty Global plc
10 Splunk Inc.
Top 10 equals 5.5% of net assets

Portfolio holdings may exclude any temporary cash investments and equity index products.

Fundamentals

Stock

as of 12/31/2018
VEXAX

S&P Completion Index

Number of stock 3,298 3,300
Avg market cap $6.5 billion $6.5 billion
Median market cap $4.0 billion $4.0 billion
P/E ratio 14.4x 14.4x
P/B ratio 2.0x 2.0x
Turnover rate 11.7% Fiscal year end 12/2018 N/A

Risk and volatility as of 12/31/2018

  VEXAX

Spliced Extended Market Index

R-squared N/A 1.00
Beta N/A 1.00
Alpha 0.00 N/A
Standard deviation 14.21% 14.22%
Sharpe ratio 0.45 0.45

Risk and volatility are based on the share class with the earliest inception date.

Risk measures are calculated from trailing 36-month fund returns relative to the associated benchmarks.

An investment in the fund could lose money over short or even long periods. You should expect the fund’s share price and total return to fluctuate within a wide range, like the fluctuations of the overall stock market. The fund’s performance could be hurt by:

  • Stock market risk: The chance that stock prices overall will decline. Stock markets tend to move in cycles, with periods of rising stock prices and periods of falling stock prices. The fund’s target index may, at times, become focused in stocks of a particular sector, category, or group of companies. Because the fund seeks to track its target index, the fund may underperform the overall stock market.
  • Investment style risk: The chance that returns from small- and mid-capitalization stocks will trail returns from the overall stock market. Historically, small- and mid-cap stocks have been more volatile in price than the large-cap stocks that dominate the overall market, and they often perform quite differently. Small and mid-size companies tend to have greater stock volatility because, among other things, these companies are more sensitive to changing economic conditions.
  • Index sampling risk: The chance that the securities selected for the fund, in the aggregate, will not provide investment performance matching that of the index. Index sampling risk for the fund should be low.