Vanguard Mid-Cap Value Index Fund Admiral Shares
VMVAX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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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.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- PO Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Sep 27, 2011
- CIK
- 0000036405
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Mid-Cap Value Index Fund Admiral Shares (VMVAX) is an index mutual fund managed by The Vanguard Group, Inc. that employs an indexing investment approach designed to track the performance of the CRSP US Mid Cap Value Index, a broadly diversified benchmark measuring the investment return of mid-capitalization value stocks of U.S. companies; the fund invests all or substantially all of its assets in the common stocks included in the index, holding each in approximately the same proportion as its weighting in the index, with a portfolio of around 185 stocks diversified across sectors such as financials, utilities, basic materials, technology, consumer cyclical, healthcare, industrials, energy, and real estate. The Admiral Shares class requires a minimum initial investment of $3,000, features an adjusted expense ratio of 0.07%, a TTM yield of 2.14%, and annual turnover of 19%, targeting institutional and long-term investors seeking exposure to value-oriented mid-cap equities characterized by low price/book and price/earnings ratios. Top holdings as of late 2025 include Newmont Corp (1.72%), CRH PLC (1.55%), TE Connectivity Ltd (1.41%), Corning Inc (1.33%), and General Motors Co (1.27%), with no single position exceeding 2% of assets and the top 10 comprising 13% of the $32.6 billion portfolio. The Vanguard Group, Inc., founded in 1975 and headquartered in Valley Forge, Pennsylvania, operates globally with offices across North America, Asia, Australia, and Europe, serving over 50 million investors through its client-owned structure that emphasizes low-cost index funds and ETFs. VMVAX, launched on September 27, 2011, falls within Vanguard's equity index offerings and the mid-cap value segment, complementing broader strategies like the Vanguard Mid-Cap Index Fund; it maintains current co-managers Aaron Choi (since August 2023) and Kenny Narzikul (since February 2025). In early 2025, Vanguard implemented its largest fee reductions in history, cutting expense ratios on 168 share classes across 87 funds at a cost of over $350 million annually, further lowering its average fund expense ratio to 0.07% and including select equity index offerings amid robust asset inflows rivaling BlackRock. Under new CEO Salim Ramji, the firm established a dedicated advice and wealth management division, launched low-cost bond ETFs, and introduced Target Retirement Lifetime Income Trusts in December 2025 via collaboration with partners, while navigating client growth challenges by adjusting select services. These strategic moves reinforce Vanguard's focus on cost efficiency, retirement innovation, and scalable infrastructure supporting funds like VMVAX.