Overview
Vanguard's mid-cap value index fund — roughly 190 reasonably priced mid-sized US companies, from regional banks to industrials, at a 0.05% fee.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| WMB | Williams Companies | 1.6% |
| CCL | Carnival Corp. | 1.5% |
| OKE | ONEOK Inc. | 1.4% |
| FIX | Comfort Systems USA | 1.4% |
| AEP | American Electric Power | 1.3% |
| CBRE | CBRE Group | 1.3% |
| PWR | Quanta Services | 1.2% |
| EXE | Expand Energy | 1.2% |
| NUE | Nucor Corp. | 1.1% |
| D | Dominion Energy | 1.1% |
Fund Details
Investment Thesis
Mid-cap value has quietly been one of the best risk-adjusted corners of the US market over long horizons, and VOE owns it for almost nothing. The fund's utilities, energy-infrastructure and financial names gave it a strong trailing year while remaining far cheaper than the S&P 500 on earnings multiples — the classic argument for rotating a slice of an expensive core into it.
Who It's For
Value-minded investors who want mid-cap exposure without stock picking, income seekers drawn to the ~2% yield, and anyone diversifying a growth-heavy portfolio away from mega-cap concentration at minimal cost.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $78.10 | -- |
| 2017 | $89.82 | +15.0% |
| 2018 | $77.24 | -14.0% |
| 2019 | $96.55 | +25.0% |
| 2020 | $98.48 | +2.0% |
| 2021 | $124.09 | +26.0% |
| 2022 | $114.16 | -8.0% |
| 2023 | $130.15 | +14.0% |
| 2024 | $153.57 | +18.0% |
| 2025 | $172.00 | +12.0% |
| Year | Yield |
|---|---|
| 2016 | 1.90% |
| 2017 | 1.80% |
| 2018 | 2.20% |
| 2019 | 2.00% |
| 2020 | 2.10% |
| 2021 | 1.80% |
| 2022 | 2.20% |
| 2023 | 2.30% |
| 2024 | 2.10% |
| 2025 | 2.00% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $6B | -- |
| 2017 | $8B | +33.3% |
| 2018 | $7B | -12.5% |
| 2019 | $10B | +42.9% |
| 2020 | $11B | +10.0% |
| 2021 | $15B | +36.4% |
| 2022 | $14B | -6.7% |
| 2023 | $16B | +14.3% |
| 2024 | $19B | +18.8% |
| 2025 | $22B | +15.8% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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