Morningstar

Vanguard Morningstar Small-Cap Index Fund Admiral Shares VSMAX

Morningstar Medalist Rating Tracks Morningstar Index
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 138.45  /  +0.82 %
  • Total Assets 185.3B
  • Adj. Expense Ratio
    0.050%
  • Expense Ratio 0.050%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Small Blend
  • Investment Style Small Blend
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 1.27%
  • Turnover 17%

USD | NAV as of Oct 03, 2026 | 1-Day Return as of Oct 03, 2026, 12:10 AM GMT+0

Morningstar’s Analysis VSMAX

Will VSMAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VSMAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VSMAX 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 VSMAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Best in its class.

Analyst Zachary Evens

Zachary Evens

Analyst

Summary

Vanguard Small Cap Index offers a well-diversified, low-turnover portfolio that is representative of the US small-cap market. These features, coupled with a best-in-class fee, make it one of the most compelling strategies in the small-blend Morningstar Category.

by Zachary Evens
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings VSMAX

More VSMAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 4.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Slcmt1142

0.94 2B
Cash and Equivalents

Moderna Inc

0.62 1B
Healthcare

Natera Inc

0.54 1B
Healthcare

Revolution Medicines Inc Ordinary Shares

0.51 955M
Healthcare

Credo Technology Group Holding Ltd

0.46 864M
Technology

Twilio Inc Class A

0.44 823M
Technology

EMCOR Group Inc

0.40 751M
Industrials

Jabil Inc

0.40 741M
Technology

TechnipFMC PLC

0.38 717M
Energy

Illumina Inc

0.38 707M
Healthcare

Sponsor Center