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

Vanguard Extended Market Index Fund

$246.27+0.18% today
19625152-WK

The fund employs an indexing investment approach designed to track the performance of S&P Completion Index, a broadly diversified index of stocks of small and mid-size U.S. companies. It invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key characteristics. These characteristics include industry weightings and market capitalization, as well as certain financial measures, such as price/earnings ratio and dividend yield.

Price & daily flows
239.0223.5208.1246.27DAILY NET FLOWAug 19Dec 16Apr 17Aug 19

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 +16.4% so far this year. At 0.060% a year it is not the cheapest way in — VTV runs the same ground at 0.04%.

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

$20.2Bassets under management
0.060%expense ratio · $6 per $10,000 a year
net flow, trailing month
376Kavg daily volume, 30 days
3583holdings · US-domiciled
2001listed December 26, 2001 · beta 1.19
The book at a glance
MRVL-7.9%SNOW-1.3%NET-2.0%LNG+2.6%BE-10.1%FERG-0.2%FLEX-7.6%NTRA-0.2%RVMD+1.9%ALAB-5.3%CRDO-13.3%RKLB-3.6%P+0.1%MDB-0.9%TWLO+1.6%FTI-1.9%ATI-2.3%ALNY+1.8%LPLA-0.2%MSTR-5.3%ILMN-2.5%ZM-0.8%TEAM+3.1%INSM+0.2%NVT-7.0%CRS-1.9%CW-0.2%RBLX-0.7%OKTA+0.4%THC+2.0%XPO-3.9%USFD-1.6%AMRZ-2.4%MKL+0.1%ENTG-7.7%FWONK+0.1%CRWV-12.0%RPRX+0.4%SOFI-3.4%UTHR

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

HoldingsDownload CSV
#HoldingWeightPriceDay52-wk
1MRVLMARVELL TECHNOLOGY2.11%$215.94-7.9%
2SNOWSNOWFLAKE1.03%$325.89-1.3%
3NETCLOUDFLARE0.90%$301.18-2.0%
4LNGCHENIERE ENERGY0.57%$273.75+2.6%
5BEBLOOM ENERGY0.87%$208.79-10.1%
6FERGFERGUSON0.52%$244.51-0.2%
7FLEXFLEX0.65%$120.24-7.6%
8NTRANATERA0.36%$313.27-0.2%
9RVMDREVOLUTION MEDICINES0.36%$216.22+1.9%
10ALABASTERA LABS INC0.54%$303.69-5.3%
11CRDOCREDO TECHNOLOGY GROUP HOLDING0.44%$245.80-13.3%
12RKLBROCKET LAB USA0.80%$79.16-3.6%
13PEverpure0.29%$117.46+0.1%
14MDBMONGODB0.32%$434.91-0.9%
15TWLOTWILIO0.34%$232.28+1.6%

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Sector weights
Finance22.18%
Information Technology20.82%
Technology20.29%
Technology Services18.43%
Industrials16.53%
Financial Services16.1%
Financials15.14%
Consumer Discretionary14.12%
Healthcare12.55%
Consumer Cyclical10.81%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States98.58%
Bermuda0.88%
United Kingdom0.52%
Australia0.45%
Canada0.23%
Cayman Islands0.13%
Other0.12%
Sweden0.12%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-1.0%
1 month+3.4%
3 months+10.0%
6 months+13.9%
YTD+16.4%
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
16%realized volatility, 30 days (annualized)
18%realized volatility, 1 year
-10.5%deepest fall from a peak, 1 year
-1.7%where it sits vs. that peak today

The top holding is 2.1% of the book; the top ten carry 9%. Spread across 250+ names, it behaves like roughly 136 equally-weighted positions.

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

Options tape
1calls today
puts today
put/call ratio
247Kshares traded
Most-traded holdings, options premiumBullishBearish
BE BLOOM ENERGY$69M$71M
MRVL MARVELL TECHNOLOGY$63M$74M
CRWV CoreWeave$59M$71M
MSTR MICROSTRATEGY$30M$35M
AAOI APPLIED OPTOELECTRONICS$23M$32M

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

The case against VXF

Due diligence cuts both ways. These funds sit on the same shelf and beat VXF 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-1bp on fee · 6× the assets · +$547M in over the monthHead-to-head
IDEV iShares Core MSCI International Developed Markets ETF0.04%$32.7B+$104M-2bp on fee · 2× the assets · +$104M in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.4B+$520M-2bp on fee · +$520M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.7B+$312M-2bp on fee · +$312M in over the monthHead-to-head
IEFA iShares Core MSCI EAFE ETF0.07%$195.3B+$631M10× the assets · +$631M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
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