Therefore, this fund representing the US Market, or the "Market" is defined as a " cap weighted " market. The Modern Index Strategy MSCI indexing offers a modern, seamless and fully integrated approach to measuring the full equity opportunity set, with no gaps or overlaps. Enter the code we just Emailed you. Small and midcap equity mutual funds are more volatile than large cap equity mutual funds.
Definitive List Of Large Cap Growth Equities ETFs
Includes discussions of investment objectives and policies, risks, costs, and past performance intended to make it easier to compare all mutual funds regardless of provider. Includes detailed discussions of investment objectives and policies, risks, costs, and past performance.
By law, a prospectus must be provided to a potential investor before he or she can invest. A financial statement that lists assets such as securities holdings , liabilities, and earnings, as well as certain historical information. A document provided as a supplement to a mutual fund prospectus. It contains more detailed information about fund policies, operations, and risks. The following additional terms and conditions apply to the publication on this Site of any Vanguard fund's portfolio holdings as described above:.
In the stylebox, it is shown as a dot within the shaded oval. In the stylebox, the expected range of frequently owned categories is represented by a shaded oval. Styleboxes for bond funds uses duration rather than average weighted maturity. Duration is a more accurate measure of interest rate sensitivity because it takes into consideration all mortgage prepayments, puts, and adjustable coupons.
A fund may offer multiple share classes. The objectives, strategies, and policies for all share classes of a fund are identical. However, expense ratios vary by share class, reflecting the differing costs of providing services to the holders of each share class. Traditional shares for individual investors that typically feature low minimum initial investments.
A lower-cost share class generally available without a minimum initial investment requirement to institutional investors and financial intermediary clients. Vanguard created Admiral Shares to recognize and encourage the cost savings stemming from large, long-standing investment accounts and to pass these savings on to the shareholders who generate them.
Shares generally available to large institutional investors. Exchange-traded shares of certain Vanguard index funds, ETF Shares combine the benefits of indexing, such as low costs and broad market diversification, with the trading and pricing flexibility of individual stocks.
Vanguard ETF Shares are not redeemable with the issuing Fund other than in very large aggregations worth millions of dollars. Instead, investors must buy and sell Vanguard ETF Shares in the secondary market and hold those shares in a brokerage account.
In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling. 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. 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. 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.
If you would like to invest in a small cap fund outside of your company plan you can place the investment in either your personal retirement plan Traditional IRA or Roth IRA or in your taxable account. For guidance on asset location considerations refer to Principles of tax-efficient fund placement. Actively managed small cap funds are not very tax efficient, as the distribution history of the Vanguard Explorer fund and the Vanguard International Explorer Fund demonstrate.
Active funds tend to distribute hefty capital gains distributions. Vanguard small cap index funds are currently very tax efficient as a result of the following three factors:. Under current law, qualified dividends are taxed at lower capital gains tax rates. The qualified dividends a small cap index fund passes on to shareholders is reduced by the holding periods of a fund's purchases and sales of stocks and by the extent of a fund's holding of REIT S, whose dividends are unqualified.
Since the advent of ETF share classes in the index funds, none have distributed a capital gains distribution:. The fund's passive management approach and ETF share class structure should result in improved tax efficiency over the long term. The fund also qualifies for the foreign tax credit for taxable investors. The International Evidence" August Retrieved from " https: Navigation menu Personal tools Log in. Views Read View source View history.
Distribution yield The fund's current monthly income dividend per share, annualized by dividing by the number of days in the month and multiplying by as a percentage of the fund's average NAV during the month. 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.
Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing. Your input was invalid. View and download our literature Vanguard ETFs. The products you selected have been added to My product list. Content Vanguard - Investment products. For more information on Vanguard funds, visit www.
Display Quarter-end performance NAV. Click a fund name to view the fund profile for additional details. Contact your sales rep for additional details. All other average annual and cumulative total returns shown are blended returns of the historical performance of Institutional Shares and the fund's Investor Shares. The first-quarter and calendar-year annual returns are also blended returns of the historical performance of Institutional Shares and Investor Shares.
All other quarterly and calendar-year annual returns reflect Investor Shares' historical performance. Since-inception performance is from the fund's Investor Shares inception on May 8, All other average annual and cumulative total returns shown are blended returns of the historical performance of Admiral Shares and the fund's Investor Shares.
The fourth-quarter and calendar-year annual returns are also blended returns of the historical performance of Admiral Shares and Investor Shares. Since-inception performance is from the fund's Investor Shares inception on September 6, All other average annual and cumulative total returns shown are blended returns of the historical performance of Institutional Plus Shares and the fund's Institutional Shares.
The first-quarter and calendar-year annual returns are also blended returns of the historical performance of Institutional Plus Shares and Institutional Shares. All other quarterly and calendar-year annual returns reflect Institutional Share's historical performance. Since-inception performance is from the fund's Institutional Shares inception on September 18, The fund is only available to retail investors natural persons.
You could lose money by investing in the fund. The fund may impose a fee upon sale of your shares or may temporarily suspend your ability to sell shares if the fund's liquidity falls below required minimums because of market conditions or other factors.
An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.