About VSMVX
The Vanguard S&P Small-Cap 600 Value Index Fund Institutional Shares is a mutual fund that aims to replicate the performance of the S&P SmallCap 600 Value Index, focusing on small-cap U.S. companies identified as value stocks. This fund utilizes a passive, index-tracking approach, investing primarily in the same equities that compose its benchmark index. Value selection is determined through factors such as book-to-price, earnings-to-price, and sales-to-price ratios, helping the fund target companies considered undervalued relative to their fundamentals.
The fund covers a broad array of sectors, with significant exposure to financial services, industrials, consumer cyclical, and healthcare, reflecting the diverse composition of the small-cap value segment. Designed for institutional investors, it features a low expense ratio and a high minimum investment requirement. The fund’s diversification—holding hundreds of stocks—helps mitigate company-specific risk while offering focused access to the small-cap value asset class. By providing targeted exposure to smaller, value-oriented firms, this fund plays a notable role in asset allocation strategies seeking to enhance potential returns and manage risk within the broader equity market.
Fund Family Vanguard
Category Small Value
Performance Rating Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol VSMVX
Share Class Institutional Shares
Index S&P SmallCap 600 Value TR
VSMVX had a total return of 19.86% in the past year, including dividends. Since the fund's
inception, the average annual return has been 10.09%.
