Vanguard Large-Cap ETF (VV) is an exchange-traded fund that seeks to track the performance of the CRSP US Large Cap Index, a broadly diversified benchmark measuring the investment return of large-capitalization U.S. stocks. The fund employs a full replication indexing strategy by investing all or substantially all of its assets in the index's component stocks, holding each in approximate proportion to its index weighting; it provides exposure to approximately 470 large-cap companies across growth and value styles, with top holdings including NVIDIA Corp (7.38%), Microsoft Corp (6.89%), Apple Inc (6.34%), Amazon.com Inc (4.00%), and Meta Platforms Inc (2.93%), representing 27.54% of the portfolio. It offers investor shares with a net expense ratio of 0.04%, total net assets of approximately $66.54 billion, and focuses on U.S. equity markets, with 99.52% allocation to U.S. stocks and minimal exposure to non-U.S. stocks (0.35%) and cash (0.13%).
Launched on January 27, 2004, the ETF is managed by The Vanguard Group, Inc., an investment adviser founded in 1975 and headquartered in Malvern, Pennsylvania. Vanguard, the second-largest ETF provider globally with over $11 trillion in assets under management as of early 2025, operates the fund as part of its suite of low-cost index products domiciled in the United States and listed on NYSE Arca.
In recent developments, the fund transitioned to new portfolio managers Chris Nieves and Jena Stenger, effective February 18, 2025, succeeding prior managers. Assets under management grew significantly to $66.54 billion by mid-2025, reflecting strong inflows amid robust large-cap market performance. The fund continues quarterly dividend distributions, with recent payments including $0.864 per share in July 2024 and $0.822 in March 2024, underscoring its role in providing income alongside capital appreciation for institutional and retail investors targeting large-blend U.S. equities.