Morningstar

Vanguard S&P Small-Cap 600 Index Fund Institutional Shares VSMSX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 518.74  /  +1.21 %
  • Total Assets 6.5B
  • Adj. Expense Ratio
    0.030%
  • Expense Ratio 0.050%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Small Blend
  • Investment Style Small Blend
  • Min. Initial Investment 5M
  • Status Open
  • TTM Yield 1.22%
  • Turnover 22%

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

Morningstar’s Analysis VSMSX

Will VSMSX 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 VSMSX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

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

Controls risk in the US small-cap market.

Analyst Zachary Evens

Zachary Evens

Analyst

Summary

Vanguard S&P Small-Cap 600 Index’s low fee, broad diversification, and profitability bias make it hard to beat.

by Zachary Evens
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings VSMSX

More VSMSX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Corcept Therapeutics Inc

0.60 39M
Healthcare

Glaukos Corp

0.59 38M
Healthcare

Paycom Software Inc

0.55 36M
Technology

Brinker International Inc

0.54 35M
Consumer Cyclical

Match Group Inc Ordinary Shares - New

0.53 34M
Communication Services

Jackson Financial Inc

0.52 34M
Financial Services

Viasat Inc

0.51 33M
Technology

Protagonist Therapeutics Inc

0.50 32M
Healthcare

Slcmt1142

0.49 32M
Cash and Equivalents

CarMax Inc

0.48 31M
Consumer Cyclical

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