Vanguard S&P Small-Cap 600 Index I (VSMSX)
| Fund Assets | 5.89B |
| Expense Ratio | 0.03% |
| Min. Investment | $5,000,000 |
| Turnover | 22.00% |
| Dividend (ttm) | 6.22 |
| Dividend Yield | 1.17% |
| Dividend Growth | -2.24% |
| Payout Frequency | Annual |
| Ex-Dividend Date | Dec 22, 2025 |
| Previous Close | 534.28 |
| YTD Return | 19.72% |
| 1-Year Return | 36.78% |
| 5-Year Return | 39.02% |
| 52-Week Low | 400.75 |
| 52-Week High | 534.54 |
| Beta (5Y) | n/a |
| Holdings | 608 |
| Inception Date | Dec 15, 2010 |
About VSMSX
Vanguard S&P Small-Cap 600 Index Fund Institutional Shares is a mutual fund designed to closely track the performance of the S&P SmallCap 600 Index. This benchmark includes 600 small-capitalization U.S. companies that meet specific criteria for market capitalization, liquidity, and profitability. The fund uses a market-cap weighted approach, allocating larger portions to faster-growing or more highly valued companies within the index, while maintaining broad diversification to help manage risk and reduce volatility. With a focus on profitable small-cap firms, the fund excludes the lowest-quality stocks, aiming to contain volatility inherent to the small-cap segment. This broad diversification—only about 5% of assets are typically invested in the fund’s top ten holdings—mitigates the impact of any single company’s performance. Positioned within the small blend category, the fund offers institutional investors a cost-effective vehicle with a low expense ratio and a disciplined approach to capturing the growth and characteristics of the U.S. small-cap equity market.
Performance
VSMSX had a total return of 36.78% in the past year, including dividends. Since the fund's inception, the average annual return has been 11.93%.
Equivalent ETF
VSMSX has an equivalent ETF with the ticker symbol VIOO, the Vanguard S&P Small-Cap 600 ETF. This is an ETF from the same fund company that follows the same index. It has an expense ratio of 0.07% compared to 0.03% for VSMSX.
| Symbol | Name | Expense Ratio |
|---|---|---|
| VIOO | Vanguard S&P Small-Cap 600 ETF | 0.07% |
Top 10 Holdings
6.27% of assets| Name | Symbol | Weight |
|---|---|---|
| Sanmina Corporation | SANM | 0.83% |
| Semtech Corporation | SMTC | 0.83% |
| Viavi Solutions Inc. | VIAV | 0.66% |
| Viasat, Inc. | VSAT | 0.64% |
| Lumen Technologies, Inc. | LUMN | 0.61% |
| FormFactor, Inc. | FORM | 0.56% |
| Element Solutions Inc | ESI | 0.56% |
| Argan, Inc. | AGX | 0.54% |
| Enphase Energy, Inc. | ENPH | 0.52% |
| Molina Healthcare, Inc. | MOH | 0.52% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 22, 2025 | $6.2245 | Dec 23, 2025 |
| Dec 23, 2024 | $6.3669 | Dec 24, 2024 |
| Dec 19, 2023 | $5.9394 | Dec 20, 2023 |
| Dec 19, 2022 | $5.312 | Dec 20, 2022 |
| Dec 20, 2021 | $4.9598 | Dec 21, 2021 |
| Dec 21, 2020 | $3.7054 | Dec 22, 2020 |