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Sunday, August 23, 2026The Morning Brief →Sign in

Vanguard S&P Small-Cap 600 Value Index Fund

$118.85+0.70% today
9012152-WK

The advisor employs an indexing investment approach designed to track the performance of the S&P SmallCap 600® Value Index, which represents the value companies, as determined by the index sponsor, of the S&P SmallCap 600 Index. 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
114.2105.496.6118.85DAILY NET FLOWAug 22Dec 19Apr 21Aug 21

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Flows are quiet — the past month netted out near zero, while the price has returned +20.6% so far this year. At 0.15% a year it is not the cheapest way in — IEFA runs the same ground at 0.07%.

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

$1.4Bassets under management
0.15%expense ratio · $15 per $10,000 a year
net flow, trailing month
37Kavg daily volume, 30 days
461holdings · US-domiciled
2010listed September 6, 2010 · beta 0.94
The book at a glance
MTCH+1.3%PAYC+1.0%JXN+0.6%KMX+1.8%SM-1.2%EMN+0.4%CAG+1.0%LW+0.4%LNC+0.4%MHK+2.1%VSXY-1.6%MATX+2.8%LKQ-0.8%MGY-0.3%TFX+2.9%CZR+0.4%POOL-1.2%AUB+0.3%EPAM+3.4%RITM+0.3%VSNT+0.3%ENPH+0.7%EBC+0.0%RUSHA+2.2%CNR+1.5%MTH+0.9%CPB+0.8%RHI+2.0%KLIC+0.7%FULT+0.1%NSIT+0.8%KFY+0.6%VSH-0.6%DIOD+3.6%GEO+3.1%BFH+2.6%PTEN+1.3%UCB+0.1%ITGR-0.0%CATY-0.2%

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

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1MTCHMATCH GROUP1.00%$40.87+1.3%
2PAYCPAYCOM SOFTWARE0.74%$229.07+1.0%
3JXNJACKSON FINANCIAL0.92%$129.88+0.6%
4KMXCARMAX0.88%$62.13+1.8%
5SMSM ENERGY0.80%$37.20-1.2%
6EMNEASTMAN CHEMICAL0.87%$74.09+0.4%
7CAGCONAGRA BRANDS0.75%$16.43+1.0%
8LWLAMB WESTON HOLDINGS0.79%$53.68+0.4%
9LNCLINCOLN NATIONAL0.84%$42.15+0.4%
10MHKMOHAWK INDUSTRIES0.68%$136.22+2.1%
11VSXYVictorias Secret & Co.0.76%$85.39-1.6%
12MATXMATSON0.66%$222.80+2.8%
13LKQLKQ0.62%$25.77-0.8%
14MGYMAGNOLIA OIL & GAS0.64%$28.14-0.3%
15TFXTELEFLEX0.66%$138.83+2.9%

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Sector weights
Finance34.82%
Financial Services25.31%
Financials23.69%
Consumer Discretionary18.05%
Industrials14.25%
Consumer Cyclical12.31%
Real Estate12.21%
Information Technology11.36%
Technology11.18%
Healthcare9.3%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States99.7%
Bermuda0.38%
United Kingdom0.35%
Other0.3%
Ireland0.25%
Singapore0.17%
Israel0.15%
Hong Kong0.15%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-1.6%
1 month+2.1%
3 months+6.9%
6 months+10.2%
YTD+20.6%
1 year+25.6%
3 years

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week
1 month
3 months
YTD
1 year

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

The risk read
13%realized volatility, 30 days (annualized)
17%realized volatility, 1 year
-9.3%deepest fall from a peak, 1 year
-1.6%where it sits vs. that peak today

The top holding is 1.0% of the book; the top ten carry 8%. Spread across 250+ names, it behaves like roughly 197 equally-weighted positions.

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

The case against VIOV

Due diligence cuts both ways. These funds sit on the same shelf and beat VIOV 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-10bp on fee · 91× the assets · +$547M in over the monthHead-to-head
IUSG iShares Core S&P U.S. Growth ETF0.04%$33.8B+$668M-11bp on fee · 24× the assets · +$668M in over the monthHead-to-head
IUSV iShares Core S&P U.S. Value ETF0.04%$28.1B+$103M-11bp on fee · 20× the assets · +$103M in over the monthHead-to-head
ILCG iShares Morningstar Growth ETF0.04%$3.3B+$7M-11bp on fee · 2× the assets · +$7M in over the monthHead-to-head
IMCB iShares Morningstar Mid-Cap ETF0.04%$1.7B+$15M-11bp on fee · +$15M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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