Vanguard Mid-Cap Value Index Fund Investor Shares (VMVIX)
The Vanguard Mid-Cap Value Index Fund Investor Shares (VMVIX) is a mutual fund that was designed to track and mirror the performance of the MSCI® US Mid Cap Value Index. This is done by investing in stocks that have a mid-capitalization value in the domestic market.
The fund manager is Donald Butler and has been since the inception of this fund in August of 2006. Under his guidance this fund has outperformed the index since its inception with a return last year of 37.61% before taxes.
This fund has a total of $1.0 billion in assets from 259 total stocks. The top ten stocks comprise 9% of the fund as a whole. The business sector where this fund is invested heaviest is the financial with 29.80% of the total assets followed by 13.10% in the consumer discretionary sector. Utilities follow in third with 12.20%. These percentages are what the fund was made up of on December 31, 2009.
Morningstar has this fund rated at an above risk with average returns considering the past three year’s performance and has two stars. This fund does have low cost and is very diverse with the top holding only making up 1% of the total assets so that no one company can have a too diverse effect on the overall performance of the fund.
The volatility indicators of this fund are a beta at 1.2 with an R squared of 92 and a standard deviation of 24.92. The expense ratio of this fund is at 0.30% and there is a minimum of $3000 to invest in it.
When it comes to Vanguard funds, the Vanguard Mid-Cap Value Index Fund Investor Shares (VMVIX) has kept to its original aim in its portfolio more than most.