Overview
Vanguard's flagship large-cap value fund, tracking the CRSP US Large Cap Value Index. Over 300 holdings across financials, healthcare and industrials at a 0.03% expense ratio.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| BRK.B | Berkshire Hathaway | 3.8% |
| JPM | JPMorgan Chase | 3.2% |
| XOM | Exxon Mobil | 2.6% |
| JNJ | Johnson & Johnson | 2.3% |
| PG | Procter & Gamble | 2.1% |
| WMT | Walmart Inc. | 2.0% |
| UNH | UnitedHealth Group | 1.9% |
| HD | Home Depot | 1.8% |
| ABBV | AbbVie Inc. | 1.7% |
| BAC | Bank of America | 1.6% |
Fund Details
Investment Thesis
VTV is the default low-cost vehicle for the value factor in US large caps. Value has historically outperformed growth over very long horizons, though it endured a punishing decade of underperformance through the 2010s as mega-cap technology dominated returns. The fund tilts heavily toward financials, healthcare and industrials, giving it a materially different risk profile from a cap-weighted S&P 500 fund. At 0.03% it is among the cheapest factor products available anywhere.
Who It's For
Investors who want a value tilt without paying active-management fees, and those seeking to reduce concentration in mega-cap technology. VTV pairs naturally with a growth fund for barbell exposure, or with a total-market fund as a deliberate value overweight. Best suited to patient investors — value cycles are measured in years, not quarters.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $88.42 | -- |
| 2017 | $103.45 | +17.0% |
| 2018 | $97.87 | -5.4% |
| 2019 | $122.92 | +25.6% |
| 2020 | $125.75 | +2.3% |
| 2021 | $158.31 | +25.9% |
| 2022 | $154.99 | -2.1% |
| 2023 | $169.25 | +9.2% |
| 2024 | $193.11 | +14.1% |
| 2025 | $215.90 | +11.8% |
| Year | Yield |
|---|---|
| 2016 | 2.42% |
| 2017 | 2.28% |
| 2018 | 2.62% |
| 2019 | 2.48% |
| 2020 | 2.42% |
| 2021 | 2.12% |
| 2022 | 2.28% |
| 2023 | 2.42% |
| 2024 | 2.18% |
| 2025 | 1.95% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $12B | -- |
| 2017 | $16B | +33.3% |
| 2018 | $15B | -6.2% |
| 2019 | $19B | +26.7% |
| 2020 | $22B | +15.8% |
| 2021 | $29B | +31.8% |
| 2022 | $26B | -10.3% |
| 2023 | $32B | +23.1% |
| 2024 | $40B | +25.0% |
| 2025 | $186B | +365.0% |
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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