Vanguard Extended Market Index Fund
The Vanguard Extended Market Index Fund (VEXMX) is a fund that attempts to track the midrange and small companies against the index of the Standards & Poor Completion Index.
The fund manager since December of 1997 has been Donald Butler. His investment strategy closely mirrors the investments by sector of the S&P with very slight modifications. As of the end of March 2010 the main sectors of the 3022 stocks this fund has invested in were in the Financial sector with 19.10%, followed by Information Technology at 15.70%, then Industrials at 14.90%, Consumer Discretionary at 14.40% and Health Care at 13.30%.
99.2% of the stocks are of domestic origin with 0.4% from foreign countries with the remainder in cash.
The ten largest holdings of the fund account for 3.6% total assets. The annual turnover rate of the investments is at 17.0%. The volatility measures of the funds are a Beta at 1.04, the R squared is 99 and the standard deviation is 25.42.
The performance of this fund as reported on April 30, 2010 was a one year return of 51.18%, a five year return of 6.28% and since its inception in December of 1987 the total return has been 10.40%.The YTD performance as of May 10, 2010 was at 9.95%.
Morning star rates this fund with 3 stars and considers it a above average risk with average returns.
This is one of the Vanguard Funds that requires $3000 as a minimum deposit to invest in this fund.
The Vanguard Extended Market Index Fund (VEXMX) is a good addition to a portfolio for someone looking to diversify away from the large capital large growth companies that top the S&P 500 list.
For more reference about investments from Vanguard on this site please view Vanguard Small Cap Index Review.
For a resource about ETF”s, please view Janus Flexible Bond Fund Review which is one our sister site of topperformingmutualfunds.net.
Even further resources about ETF’s and other investments on another sister site of ours is etfinvestingblog.com please view Market Vectors Gold Miners ETF (GDX).
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