Vanguard Extended Market Index Fund Institutional Shares
VIEIX
NASDAQ- -
USD
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- -
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Jul 7, 1997
- CIK
- 0000036405
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Extended Market Index Fund Institutional Shares (VIEIX) is an open-end mutual fund managed by The Vanguard Group, Inc. that employs an indexing investment approach designed to track the performance of the S&P Completion Index, a broadly diversified benchmark measuring the investment return of small- and mid-capitalization U.S. stocks excluding those in the S&P 500 Index. The fund invests by sampling the index, holding approximately 3,400 to 3,500 stocks across diversified sectors including technology (around 19%), industrials (around 18%), financial services (around 16%), consumer cyclical, and healthcare, with a portfolio turnover of about 11% and total net assets exceeding $80 billion as of late 2025. It offers institutional investors a low-cost vehicle with a net expense ratio of 0.05%, minimum initial investment of $5 million, and daily pricing, providing exposure to U.S. stocks (over 96% of assets), minimal non-U.S. stocks (about 1.4-1.8%), and cash equivalents. Launched on July 7, 1997, and domiciled in the United States with headquarters in Valley Forge, Pennsylvania, the fund targets institutional clients seeking mid-cap blend style exposure with higher volatility potential due to its smaller average market capitalization compared to large-cap peers. Current portfolio managers include Michelle Louie (since February 2023), Nick Birkett (since August 2023), and Walter Nejman (since February 2025). The fund operates primarily in North American markets, with over 96% U.S. stock holdings and negligible allocations to other regions. In recent developments, Vanguard announced in October 2025 the addition of the Vanguard Extended Market Index Fund, alongside the flagship 500 Index Fund, to its Investor Choice program starting in 2026, expanding proxy voting options to approximately 20 million investors and over $3 trillion in assets, thereby enhancing shareholder engagement capabilities. The Board of Trustees approved this inclusion in forthcoming updates, reflecting ongoing efforts to empower individual investors in index fund governance. No major acquisitions, funding rounds, or product launches specific to VIEIX were reported in the last 1-2 years, though Vanguard broadly lowered expense ratios across multiple funds and expanded related equity index offerings in 2024-2025.