基金概述
Vanguard Small-Cap Index Fund ETF Shares (VB) is categorized within the Small Blend sector and is managed by the Vanguard fund family, representing a significant portion of the U.S. equity market. The fund currently oversees total assets under management of $173.79 billion, a substantial figure that indicates considerable scale and widespread popularity among institutional and retail participants seeking exposure to smaller capitalization stocks. Although specific data regarding the number of individual holdings is not publicly listed in the provided metrics, the classification as an index fund implies a broad diversification strategy designed to mirror a specific market index rather than focusing on a concentrated portfolio of individual securities. With an expense ratio of 0.0%, this fund operates at a cost structure that is exceptionally low compared to actively managed peers or funds with higher expense ratios, theoretically allowing a larger portion of gross investment returns to be retained by the shareholder over the long term.
业绩分析
The fund distributes a current annual yield of 1.2%, providing a baseline income stream that can be particularly relevant for income-seeking investors who require dividend income to supplement their portfolio cash flow or total return objectives. Year-to-date, the fund has recorded a return of 7.5%, a figure that reflects the immediate performance trajectory of small-cap equities in the current market environment and serves as a snapshot of short-term market sentiment. Historical data reveals that the fund has generated a 3-year average return of 13.6% and a 5-year average return of 5.2%, illustrating the inherent variability in small-cap performance where longer-term averages often smooth out short-term market fluctuations to show more consistent underlying trends. The disparity between the 5-year average return of 5.2% and the more recent 3-year average of 13.6% suggests that the fund has experienced periods of accelerated growth recently, potentially driven by favorable market conditions specific to the small-cap segment during that timeframe. Furthermore, the expense ratio of 0.0% significantly impacts net returns by eliminating the drag that fees impose on performance, meaning that every dollar of gross return contributes directly to the investor's net gain without the erosion typically seen in funds with higher management fees.
Price & Risk Profile
The security has traded within a 52-week range bounded by a low of $190.27 and a high of $281.90, defining a price volatility corridor of approximately $91.63 over the past year. Analyzing the distance between these two extremes, the current trading price sits roughly 78% above the 52-week low, indicating that the asset has spent a significant portion of the year trading near its upper valuation thresholds. While the beta value is listed as N/A in the available facts, the absence of this specific metric prevents a direct quantitative comparison of the fund's volatility relative to the broader market index, though the classification as a small-cap fund generally implies higher sensitivity to market swings than large-cap counterparts. Based on the wide 52-week price range and the historical return volatility between the 3-year and 5-year periods, the overall risk profile appears elevated, consistent with the characteristics of small-cap equities which typically exhibit greater price fluctuations compared to the broader market.