4 / 5 Stars
5 5 3 5 4
Zacks Investment Research
Standard & Poor's
5 / 5 Stars
#7 in Mid-Cap Blend
U.S. News evaluated 136 Mid-Cap Blend Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 36.80 percent over the past year, 18.19 percent over the past three years, 19.54 percent over the past five years, and 10.18 percent over the past decade.
|Trailing Returns||Updated 10.31.2013|
|Year to date||30.9%|
|3 Years (Annualized)||18.2%|
|5 Years (Annualized)||19.5%|
|10 Years (Annualized)||10.2%|
The Vanguard Extended Market Index Fund tracks the S&P Completion Index, which includes small- and mid-cap companies not listed in the S&P 500.
As of November 05, 2013, the fund has assets totaling $34.47 billion. Its portfolio consists of mostly mid-cap holdings in U.S. companies listed in the S&P Completion Index.
The fund’s largest holdings include well-known names like Visa and Delta Airlines. The fund is most heavily invested in the financial and industrial materials sectors. The fund’s holdings are made up mostly of the index’s 1,200 largest companies, combined with a “representative sample of the remaining stocks.” The index contains about 3,600 small- and mid-cap stocks. The fund has returned 36.80 percent over the past year and 18.19 percent over the past three years.
The fund’s annual expenses are very low. The Fidelity Spartan Extended Market Index fund is the only similar fund with a lower expense ratio (0.10 percent). Morningstar says, “The index’s strict entry requirements, including ample trading liquidity and a history of profitability, keep out highly volatile stocks and many low-quality companies.” The fund has returned 19.54 percent over the past five years and 10.18 percent over the past decade.
The fund tracks the S&P Completion Index.
Role in Portfolio
Morningstar assigns the fund a “supporter” player role, saying, “This fund isn’t intended to be used as a stand-alone fund.”
Donald Butler has overseen the fund since April 2005. It is passively managed.
Vanguard Extended Market Index Fund has an expense ratio of 0.24 percent.
The fund tracks an index of small- to mid-cap companies, which tend to be more volatile than the large-cap companies that make up the S&P 500.