Value ETF (VTV)

OPTIONS as of
04/25/2018

Options Expense ratio Minimum
Admiral 0.05% N/A
Investor 0.17% N/A
Inst 0.04% $5.0 Million
ETF 0.05%

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 Large Value
VTV
 inception on 01/26/2004
Earliest share class inception on 11/02/1992
$71.8 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 10/31/2018
$42.6 billion net assets for
VTV
 as of 10/31/2018
343 holdings as of 10/31/2018
Indexed to the CRSP US Large Cap Value Index (CRSPLCVT)
Turnover rate (Fiscal year-end  12/31/2017) 8.60%
CUSIP: 922908744

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.

 VTV.IV
Outstanding shares: 412,493,412 as of 11/30/2018
ETF exchange: NYSE Arca

STYLEBOX

Stock


Index portfolio of large-capitalization value stocks.



Central tendency
Expected range

How to read our stylebox  

Investment approach



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

Total returns

as of 09/30/2018

View as:

as of 09/30/2018

16%
14
12
10
8
6
4
2
0%
 
 
 
 
 
  1 year 3 year 5 year 10 year

01/26/2004

Market price  13.60% 15.88% 12.42% 10.63% 8.36%
NAV 
13.58% 15.85% 12.43% 10.67% 8.36%

Spliced Value Index

*
13.59% 15.88% 12.48% 10.70%

* S&P 500 Value Index (formerly known as the S&P 500/Barra Value Index) through May 16, 2003; MSCI US Prime Market Value Index through April 16, 2013; CRSP US Large 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 10/31/2018

  Sector  VTV

CRSP U.S. Large Cap Value Index

+/- Weight
Financials 23.4% 23.4% 0.0%
Health Care 16.1% 16.1% 0.0%
Technology 14.8% 14.8% 0.0%
Industrials 9.6% 9.6% 0.0%
Consumer Goods 9.3% 9.3% 0.0%
Oil & Gas 7.5% 7.5% 0.0%
Consumer Services 7.2% 7.1% 0.1%
Utilities 5.6% 5.6% 0.0%
Telecommunications 3.8% 3.9% – 0.1%
Basic Materials 2.7% 2.7% 0.0%
Other 0.0% 0.0% 0.0%
0%
25%
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 10/31/2018

Rank Holding
1 Microsoft Corp.
2 Berkshire Hathaway Inc.
3 Johnson & Johnson
4 JPMorgan Chase & Co.
5 Exxon Mobil Corp.
6 Bank of America Corp.
7 Pfizer Inc.
8 UnitedHealth Group Inc.
9 Verizon Communications Inc.
10 Wells Fargo & Co.
Top 10 equals 28.1% of net assets

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

Fundamentals

Stock

as of 10/31/2018
VTV

CRSP U.S. Large Cap Value Index

Number of stock 343 334
Avg market cap $187.3 billion $187.3 billion
Median market cap $107.2 billion $107.2 billion
P/E ratio 15.9x 16.0x
P/B ratio 2.3x 2.3x
Turnover rate 8.6% Fiscal year end 12/2017 N/A

Risk and volatility as of 10/31/2018

  VTV

Spliced Value Index

R-squared N/A 1.00
Beta N/A 1.00
Alpha – 0.01 N/A
Standard deviation 9.08% 9.07%
Sharpe ratio 1.12 1.14

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 Value ETF is listed for trading on the NYSE Arca, it is possible that an active trading market may not be maintained. Trading of Value ETF on the NYSE Arca may be halted if NYSE Arca officials deem such action appropriate, if Value ETF is delisted from the NYSE Arca, 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 large-capitalization value stocks will trail returns from the overall stock market. Large-cap stocks tend to go through cycles of doing better—or worse—than other segments of the stock market or the stock market in general. These periods have, in the past, lasted for as long as several years.




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.