Vanguard Mid-Cap Value Index Fund ETF Shares (VOE)

Overview

Vanguard Mid-Cap Value Index Fund ETF Shares (VOE) seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization U.S. stocks with value characteristics. It offers exposure to the mid-cap value segment of the U.S. equity market, focusing on companies with lower relative valuations.

Reputation and Reliability

Vanguard is a highly reputable and reliable issuer known for its low-cost, passively managed investment products.

Management Expertise

Vanguard has extensive experience and expertise in managing index funds and ETFs, leveraging its passive investment approach to deliver consistent benchmark tracking.

Goal

The fund seeks to track the investment return of the CRSP US Mid Cap Value Index, which represents the performance of mid-capitalization value companies.

Investment Approach and Strategy

Strategy: The ETF employs a passively managed, full-replication strategy to track the CRSP US Mid Cap Value Index.

Composition The ETF primarily holds stocks of U.S. mid-cap companies that exhibit value characteristics, such as lower price-to-book and price-to-earnings ratios.

Market Share: VOE holds a significant market share within the mid-cap value ETF segment.

Total Net Assets (AUM): 16900000000

Key Competitors

• iShares Russell Mid-Cap Value ETF (IWS)
• Schwab Fundamental U.S. Mid-Cap Index ETF (FNDX)
• Avantis U.S. Mid Cap Value ETF (AVUV)

Competitive Landscape

The mid-cap value ETF market is competitive, with several established players offering similar investment strategies. VOE benefits from Vanguard's reputation for low costs and efficient index tracking. However, competitors may offer slightly different index methodologies or factor tilts that could appeal to certain investors. VOE's main advantage is its scale and liquidity, while disadvantages could be tied to the index selection criteria which are outside Vanguard's control.

Historical Performance: Historical performance data needs to be sourced from financial data providers.

Benchmark Comparison: VOE's performance closely tracks the CRSP US Mid Cap Value Index. Deviations may occur due to tracking error and fund expenses.

Expense Ratio: 0.07

Average Trading Volume

VOE exhibits high liquidity, characterized by a substantial average daily trading volume.

Bid-Ask Spread

VOE generally maintains a tight bid-ask spread, resulting in lower trading costs.

Market Environment Factors

VOE is affected by economic indicators, interest rate movements, and overall market sentiment towards value stocks. Sector growth prospects within the mid-cap space also influence performance.

Growth Trajectory

VOE's growth is linked to the increasing investor interest in value strategies and the overall growth of the mid-cap segment. There are no major strategy changes expected, given its passive nature.

Competitive Edge

VOE's competitive advantage lies in its low expense ratio, efficient index tracking, and the strong reputation of Vanguard. This combination attracts cost-conscious investors seeking exposure to mid-cap value stocks. The fund benefits from Vanguard's economies of scale, allowing it to maintain a competitive edge over higher-cost competitors. Additionally, Vanguard's brand recognition and investor trust contribute to its sustained market share.

Volatility

VOE's volatility is correlated with the volatility of the underlying mid-cap value stocks. It may experience higher volatility during periods of economic uncertainty or market downturns.

Market Risk

VOE is subject to market risk, as the value of its holdings can fluctuate based on overall market conditions and investor sentiment towards value stocks. Specific sector or company risks within the mid-cap universe also apply.

Ideal Investor Profile

VOE is suitable for investors seeking long-term capital appreciation through exposure to mid-cap value stocks. It's appropriate for investors with a moderate risk tolerance and a preference for diversified, low-cost investment solutions.

Market Risk

VOE is best suited for long-term investors and passive index followers who want diversified exposure to mid-cap value stocks.

Vanguard Mid-Cap Value Index Fund ETF Shares (VOE) provides low-cost exposure to U.S. mid-cap value stocks, tracking the CRSP US Mid Cap Value Index with efficiency. The fund's strength lies in Vanguard's reputable brand, low expense ratio, and broad market access. VOE is ideal for long-term investors seeking a core portfolio holding within the mid-cap value space. VOE does not offer the potential of Alpha like actively managed funds but tracks the index in a cost efficient manner.

Data Sources:

• Vanguard
• Morningstar
• ETF.com

Disclaimers:

The data provided is for informational purposes only and should not be considered investment advice. Past performance is not indicative of future results. Investment decisions should be made based on individual circumstances and after consulting with a qualified financial advisor.