Vanguard Morningstar Mid-Cap Value Index Fund Admiral Shares (VMVAX)

Fund Assets	36.74B
Expense Ratio	0.068%
Min. Investment	$3,000
Turnover	23.00%
Dividend (ttm)	2.00
Dividend Yield	1.90%
Dividend Growth	1.75%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 28, 2026

Previous Close	105.63
YTD Return	16.46%
1-Year Return	21.29%
5-Year Return	59.16%
52-Week Low	87.47
52-Week High	109.29
Beta (5Y)	1.21
Holdings	176
Inception Date	Sep 27, 2011

About VMVAX

This affordable index fund offers a pathway to investing in a range of U.S. companies with medium market capitalizations that fall into the 'value' category. These value enterprises are generally identified as businesses whose stock prices are trading below their inherent worth, potentially due to temporary market underappreciation. Such companies typically experience a slower pace of growth when compared to the broader universe of mid-sized firms. A significant risk factor for this investment is that mid-capitalization securities are known to exhibit greater price volatility than stocks of larger, more established companies. It represents a suitable option for investors looking to integrate a passively managed allocation of mid-sized, value-focused companies into an existing, well-diversified investment portfolio.

• Fund Family: Vanguard
• Category: Mid-Cap Value
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: VMVAX
• Share Class: Admiral Shares
• Index: CRSP US Mid Cap Value TR

Performance

VMVAX had a total return of 21.29% in the past year, including dividends. Since the fund's inception, the average annual return has been 12.33%.

Equivalent ETF

VMVAX has an equivalent ETF with the ticker symbol VOE, the Vanguard Morningstar Mid-Cap Value ETF. This is an ETF from the same fund company that follows the same index. It has an expense ratio of 0.05% compared to 0.068% for VMVAX.

Symbol	Name	Expense Ratio
VOE	Vanguard Morningstar Mid-Cap Value ETF	0.05%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
VMVIX	Investor Shares	0.19%

Top 10 Holdings

13.88% of assets

Name	Symbol	Weight
Marathon Petroleum Corporation	MPC	1.81%
Valero Energy Corporation	VLO	1.77%
Phillips 66	PSX	1.64%
SLB N.V.	SLB	1.49%
Cummins Inc.	CMI	1.29%
General Motors Company	GM	1.29%
Target Corporation	TGT	1.21%
Hewlett Packard Enterprise Company	HPE	1.15%
Warner Bros. Discovery, Inc.	WBD	1.13%
Arthur J. Gallagher & Co.	AJG	1.12%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 28, 2026	$0.530	Sep 29, 2026
Jun 26, 2026	$0.4709	Jun 29, 2026
Mar 27, 2026	$0.5148	Mar 30, 2026
Dec 22, 2025	$0.4821	Dec 23, 2025
Sep 29, 2025	$0.4519	Sep 30, 2025
Jun 30, 2025	$0.4477	Jul 1, 2025

Data Sources: Tiingo, Financial Modeling Prep, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Financial Modeling Prep. Several fund data points are also provided by Finnhub.

Last checked:

Oct 15, 2026

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