Mid-Cap Value ETF (VOE)

OPTIONS as of
04/27/2017

Options Expense ratio Minimum
Admiral 0.07% N/A
Investor 0.19% N/A
ETF 0.07%

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  


 

KEY FACTS

Product type: Domestic Mid-Cap Value
VOE
 inception on 08/17/2006
$17.4 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 03/31/2018
$8.4 billion net assets for
VOE
 as of 03/31/2018
206 holdings as of 03/31/2018
Indexed to the CRSP US Mid Cap Value Index (CRSPMIVT)
Turnover rate (Fiscal year-end  12/31/2017) 17.30%
CUSIP: 922908512

TRADING

Intraday Optimized Value Ticker
Intraday Optimized Value (IOV), also known as the Intraday Indicative Value (IIV), is the calculated per share price of the ETF which is published every 15 seconds based on the last sale price of each of the underlying securities in the portfolio basket, plus any estimated cash amounts associated with the creation unit.

 VOE.IV
Outstanding shares: 76,702,258 as of 03/29/2018
ETF exchange: NYSE Arca

STYLEBOX

Stock


Index portfolio of mid-capitalization value stocks.



Central tendency
Expected range

How to read our stylebox  

Investment approach



  • Seeks to track the performance of the CRSP US Mid Cap Value Index.
  • Mid-cap value equity.
  • Employs a passively managed, full-replication approach.
  • The fund remains fully invested.
  • Low expenses minimize net tracking error.

Total returns

as of 03/31/2018

View as:

as of 03/31/2018

13%
12
11
10
9
8
7
6
5
4
3
2
1
0%
 
 
 
 
 
  1 year 3 year 5 year 10 year

08/17/2006

Market price  9.57% 8.40% 12.40% 10.64% 8.94%
NAV 
9.54% 8.41% 12.39% 10.63% 8.94%

Spliced Mid Cap Value Index

*
9.58% 8.45% 12.45% 10.70%

* MSCI US Mid Cap Value Index through April 16, 2013; CRSP US Mid Cap Value 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 03/31/2018

  Sector  VOE

CRSP U.S. Mid Cap Value Index

+/- Weight
Financials 26.1% 26.1% 0.0%
Consumer Goods 15.2% 15.3% – 0.1%
Industrials 11.3% 11.2% 0.1%
Consumer Services 10.7% 10.7% 0.0%
Technology 9.3% 9.3% 0.0%
Utilities 8.8% 8.8% 0.0%
Oil & Gas 7.3% 7.3% 0.0%
Basic Materials 6.3% 6.3% 0.0%
Health Care 4.2% 4.2% 0.0%
Telecommunications 0.8% 0.8% 0.0%
Other 0.0% 0.0% 0.0%
0%
30%
Total 100.0% 100.0%

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

Top 10 Equity Holdings as of 03/31/2018

Rank Holding
1 Western Digital Corp.
2 M&T Bank Corp.
3 Freeport-McMoRan Inc.
4 ONEOK Inc.
5 Regions Financial Corp.
6 Dr Pepper Snapple Group Inc.
7 KeyCorp
8 Newmont Mining Corp.
9 Citizens Financial Group Inc.
10 Royal Caribbean Cruises Ltd.
Top 10 equals 10.8% of net assets

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

Fundamentals

Stock

as of 03/31/2018
VOE

CRSP U.S. Mid Cap Value Index

Number of stock 206 200
Avg market cap $14.4 billion $14.4 billion
Median market cap $13.8 billion $13.8 billion
P/E ratio 16.8x 16.8x
P/B ratio 2.0x 2.0x
Turnover rate 17.3% Fiscal year end 12/2017 N/A

Risk and volatility as of 03/31/2018

  VOE

Spliced Mid Cap Value Index

R-squared N/A 1.00
Beta N/A 1.00
Alpha 0.00 N/A
Standard deviation 10.57% 10.58%
Sharpe ratio 0.75 0.75

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. Although Mid-Cap Value ETF is listed for trading on the AMEX, it is possible that an active trading market may not be maintained. Trading of Mid-Cap Value ETF on the AMEX may be halted if AMEX officials deem such action appropriate, if Mid-Cap Value ETF is delisted from the AMEX, or if the activation of marketwide “circuit breakers” halts stock trading generally. 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 mid-capitalization value stocks will trail returns from the overall stock market. Historically, 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. Mid-cap stocks tend to have greater volatility than large-cap stocks because, among other things, medium-size companies are more sensitive to changing economic conditions.




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. Investments are subject to market risk. Go to the performance page to read more about risk and volatility.