Vanguard Extended Market Index Fund ETF Shares (VXF)

Overview

The Vanguard Extended Market Index Fund ETF Shares (VXF) seeks to track the performance of the S&P Completion Index, which represents small- and mid-cap U.S. stocks not included in the S&P 500. It focuses on providing comprehensive coverage of the U.S. equity market by investing in a diversified portfolio of stocks.

Reputation and Reliability

Vanguard is a well-respected and highly reliable investment management company known for its low-cost, index-based investment products.

Management Expertise

Vanguard has extensive experience in managing index funds and ETFs, with a strong track record of efficiently tracking target indices.

Goal

To track the investment performance of the S&P Completion Index, a benchmark of U.S. stocks exclusive of those included in the S&P 500.

Investment Approach and Strategy

Strategy: Tracks the S&P Completion Index using a passively managed, full-replication approach where possible.

Composition Primarily holds stocks of small- and mid-cap U.S. companies.

Market Share: VXF has a notable market share within the extended market ETF category.

Total Net Assets (AUM): 15350000000

Key Competitors

• iShares Core S&P Mid-Cap ETF (IJH)
• iShares Core S&P Small-Cap ETF (IJR)
• Schwab U.S. Mid-Cap ETF (SCHM)
• SPDR S&P MidCap ETF Trust (MDY)

Competitive Landscape

The extended market ETF industry is highly competitive with several major players. VXF competes primarily on cost and tracking accuracy, leveraging Vanguard's brand reputation. Competitors offer similar exposure but may have different expense ratios or tracking methodologies. VXF's advantage lies in its low expense ratio and Vanguard's established expertise, while disadvantages could include slightly lower liquidity compared to some of its larger competitors.

Historical Performance: Historical performance data not available in this format. Review the ETFu2019s performance over different time periods to understand its track record.

Benchmark Comparison: Benchmark comparison data not available in this format. Compare the ETFu2019s performance to its benchmark index to gauge its effectiveness.

Expense Ratio: 0.06

Average Trading Volume

The average trading volume for VXF is generally robust, indicating sufficient liquidity for most investors.

Bid-Ask Spread

The bid-ask spread for VXF is typically tight, reflecting good liquidity and lower trading costs.

Market Environment Factors

Economic growth, interest rate changes, and sector-specific trends within the small- and mid-cap market can affect VXF's performance.

Growth Trajectory

The growth trajectory of VXF is tied to the overall performance of the U.S. small- and mid-cap market. Changes in sector allocations within the S&P Completion Index will also affect VXF's holdings.

Competitive Edge

VXF's competitive edge is largely attributed to Vanguard's low-cost structure and efficient index tracking capabilities. As a Vanguard fund, it benefits from the company's reputation for investor-friendly practices and economies of scale. This results in a low expense ratio, enabling it to offer competitive returns relative to the index. This focus on cost-effectiveness is a key differentiator in a market with many similar products. Investors benefit from a well-diversified portfolio at a low cost.

Volatility

VXF's volatility is generally consistent with that of the broader small- and mid-cap market, which can be higher than that of large-cap stocks.

Market Risk

The specific risks associated with VXF's underlying assets include market risk, sector concentration risk (depending on the composition of the S&P Completion Index), and risks associated with smaller companies.

Ideal Investor Profile

The ideal investor for VXF is someone seeking broad exposure to the U.S. equity market beyond large-cap stocks, typically for diversification purposes or to capture potential growth from smaller companies.

Market Risk

VXF is suitable for long-term investors and passive index followers seeking diversified exposure to the U.S. equity market.

VXF is a low-cost ETF that provides comprehensive exposure to U.S. small- and mid-cap stocks, tracking the S&P Completion Index. It is managed by Vanguard, a reputable issuer known for its low-expense funds, and is suitable for investors seeking to diversify beyond large-cap stocks. The fund's performance is closely tied to the overall performance of the U.S. equity market. Its low expense ratio makes it an attractive option for long-term, passive investors, despite the higher volatility often associated with smaller companies. The market share held by VXF is notable within the Extended Market ETFs.

Data Sources:

• Vanguard.com
• iShares.com
• Schwab.com
• SPDRs.com

Disclaimers:

The data provided is for informational purposes only and should not be considered financial advice. Market share and performance data are based on estimates and historical information, which may not be indicative of future results. Consult with a qualified financial advisor before making any investment decisions.