The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VO’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the VO management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of VO’s parent organization’s priorities and whether they’re in line with investors’ interests.
Cheap and broad exposure to mid-cap stocks.
Brendan McCann
Senior Associate Analyst
Summary
The Vanguard Mid-Cap funds offer inexpensive and diversified exposure to US mid-cap stocks, carving a durable advantage in this efficient market segment.