IVOV – Vanguard S&P Mid-Cap 400 Value ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the performance of a S&P MidCap 400® Value Index that measures the investment return of mid-capitalization value stocks in the United States. The target index measures the performance of mid-size value companies in the United States. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the target index.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
IVOV	Vanguard S&P Mid-Cap 400 Value Index Fund ETF Shares	ETF	Open			Sep 7, 2010	$1.21B	0.100%	—	—	$34.39M
IVOV	Vanguard S&P Mid-Cap 400 Value Index Fund ETF Shares	ETF	Open	—		Sep 7, 2010	—	0.100%	—	—	—
VMFVX	Vanguard S&P Mid-Cap 400 Value Index Fund Institutional Shares	Institutional	Open			Nov 2, 2010	$149.59M	0.030%	Low	$5M	$25.59M

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