Vanguard Small Cap Index Fund Admiral Shares (VSMAX)

Fund Assets	173.79B
Expense Ratio	0.05%
Min. Investment	$3,000
Turnover	17.00%
Dividend (ttm)	1.65
Dividend Yield	1.31%
Dividend Growth	9.80%
Payout Frequency	Quarterly
Ex-Dividend Date	Dec 22, 2025

Previous Close	126.23
YTD Return	-0.24%
1-Year Return	14.53%
5-Year Return	27.21%
52-Week Low	92.86
52-Week High	134.12
Beta (5Y)	n/a
Holdings	1321
Inception Date	Oct 3, 1960

About VSMAX

This low-cost index fund provides broad exposure to the small-capitalization U.S. equity market. The fund seeks to track an index of small-sized companies. One of the fund’s primary risks is its focus on the small-cap arena, which is an often-volatile segment of the market. Investors looking to add a small-cap equity allocation to an already diversified portfolio may wish to consider this option.

• Fund Family: Vanguard
• Category: Small Blend
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: NASDAQ
• Ticker Symbol: VSMAX
• Share Class: Admiral Shares
• Index: CRSP US Small Cap TR

Performance

VSMAX had a total return of 14.53% in the past year, including dividends. Since the fund's inception, the average annual return has been 8.44%.

Equivalent ETF

VSMAX has an equivalent ETF with the ticker symbol VB, the Vanguard Small-Cap 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 0.05% for VSMAX.

Symbol	Name	Expense Ratio
VB	Vanguard Small-Cap ETF	0.05%

Other Share Classes

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

Symbol	Share Class	Expense Ratio
VSCPX	Institutional Plus Shares	0.03%
VSCIX	Institutional Shares	0.04%
NAESX	Investor Shares	0.17%

Top 10 Holdings

6.51% of assets

Name	Symbol	Weight
Sandisk Corporation	SNDK	1.21%
Slcmt1142	n/a	1.07%
Comfort Systems USA, Inc.	FIX	0.65%
Lumentum Holdings Inc.	LITE	0.64%
Ciena Corporation	CIEN	0.64%
Coherent Corp.	COHR	0.53%
Rocket Lab Corporation	RKLB	0.48%
NRG Energy, Inc.	NRG	0.44%
Bloom Energy Corporation	BE	0.43%
EMCOR Group, Inc.	EME	0.42%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 22, 2025	$0.4441	Dec 23, 2025
Sep 29, 2025	$0.3857	Sep 30, 2025
Jun 30, 2025	$0.3774	Jul 1, 2025
Mar 27, 2025	$0.4402	Mar 28, 2025
Dec 23, 2024	$0.4329	Dec 24, 2024
Sep 27, 2024	$0.3376	Sep 30, 2024