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Wednesday, August 19, 2026The Morning Brief →Sign in
VBRVanguardINDEX

Vanguard Small Cap Value Index Fund

$250.14+1.11% today
19925252-WK

The fund employs an indexing investment approach designed to track the performance of the CRSP US Small Cap Value Index, a broadly diversified index of value stocks of small U.S. companies. The advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

Price & daily flows
240.3225.3210.2250.14DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 3Y SHOWN · NET +$346M OVER THIS RANGE

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +16.7% so far this year. At 0.070% a year it is not the cheapest way in — VEA runs the same ground at 0.06%.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$30.1Bassets under management
0.070%expense ratio · $7 per $10,000 a year
net flow, trailing month
249Kavg daily volume, 30 days
860holdings · US-domiciled
2004listed January 25, 2004 · beta 0.81
The book at a glance
JBL-8.4%WSM+0.7%ATO+0.4%TPR+2.5%SW-1.0%OMC+1.1%NRG-5.5%USFD-1.6%THC+2.0%EXE+1.3%MRNA-2.7%FFIV-0.1%RS-1.7%JBHT-3.0%DD-3.0%VTRS-0.3%SNX-2.2%EWBC-0.3%CF+1.7%EME-4.7%ESS+0.6%OVV+1.8%EVRG-0.6%GPC-0.7%LDOS+0.9%BG-0.4%INVH+0.1%ZBRA-1.2%BBY+2.2%IEX-3.0%JLL+0.2%CDW-0.2%NLY+0.0%STLD-3.1%WCC-6.1%J-1.0%AKAM-6.4%APG-4.3%BALL+0.5%

CELL SIZE IS PORTFOLIO WEIGHT · COLOR IS TODAY’S MOVE · TOP 40 POSITIONS

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1JBLJABIL0.71%$338.93-8.4%
2WSMWILLIAMS SONOMA0.57%$242.07+0.7%
3ATOATMOS ENERGY0.61%$170.68+0.4%
4TPRTAPESTRY0.66%$132.22+2.5%
5SWSMURFIT WESTROCK PLC0.51%$47.42-1.0%
6OMCOMNICOM GROUP0.48%$86.42+1.1%
7NRGNRG ENERGY0.60%$115.58-5.5%
8USFDUS FOODS HOLDING0.47%$106.97-1.6%
9THCTENET HEALTHCARE0.47%$270.36+2.0%
10EXEExpand Energy0.48%$95.47+1.3%
11MRNAMODERNA0.42%$62.96-2.7%
12FFIVF50.48%$395.37-0.1%
13RSRELIANCE STEEL & ALUMINUM0.44%$421.11-1.7%
14JBHTHUNT J B TRANSPORT SERVICES0.44%$274.74-3.0%
15DDDUPONT DE NEMOURS0.40%$138.84-3.0%

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Sector weights
Finance30.7%
Financial Services20.11%
Industrials19.84%
Financials19.12%
Consumer Discretionary18.45%
Consumer Cyclical14.05%
Real Estate10.12%
Producer Manufacturing9.63%
Information Technology8.03%
Technology7.84%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States98.54%
Bermuda1.64%
Ireland0.42%
United Kingdom0.41%
Other0.21%
India0.19%
Switzerland0.1%
Canada0.06%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week+0.0%
1 month+2.5%
3 months+9.5%
6 months+8.1%
YTD+16.7%
1 year
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
JulSepOct
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
12%realized volatility, 30 days (annualized)
15%realized volatility, 1 year
-8.9%deepest fall from a peak, 1 year
-0.6%where it sits vs. that peak today

The top holding is 0.7% of the book; the top ten carry 6%. Spread across 250+ names, it behaves like roughly 217 equally-weighted positions.

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
7calls today
2puts today
0.29put/call ratio
276Kshares traded
Most-traded holdings, options premiumBullishBearish
GME GAMESTOP$3M$4M
Q QNITY ELECTRONICS INC$1M$6M
BMNR BitMine Immersion Technologies$3M$3M
FLEX FLEX$2M$3M
DINO HF SINCLAIR$2M$3M

TODAY’S OPTIONS PREMIUM IN THE FUND’S UNDERLYING NAMES

The case against VBR

Due diligence cuts both ways. These funds sit on the same shelf and beat VBR on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
IJH iShares Core S&P Mid-Cap ETF0.05%$128.4B+$547M-2bp on fee · 4× the assets · +$547M in over the monthHead-to-head
IUSG iShares Core S&P U.S. Growth ETF0.04%$33.8B+$668M-3bp on fee · +$668M in over the monthHead-to-head
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-3bp on fee · +$104M in over the monthHead-to-head
IUSV iShares Core S&P U.S. Value ETF0.04%$28.1B+$103M-3bp on fee · +$103M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M-3bp on fee · +$520M in over the monthHead-to-head
Sign in to save this to The RecordA timestamped copy for the file — documentation, not advice.
InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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