Vanguard Value ETF

Vanguard Value ETF (VTV) tracks the CRSP US Large Cap Value Index, which covers large U.S. companies classed as value stocks (shares priced modestly relative to earnings or assets). Owning it tilts a stock portfolio toward firms like Micron Technology, JPMorgan Chase and Berkshire Hathaway, its three largest holdings as of June 30, 2026. Its 0.03% expense ratio is the lowest in a group of nine similar funds; the others average 0.09%.

• Over the year to Oct 30, 2026, VTV returned +25.4%, 3rd of 9 among similar funds.
• Its 5-year annualized return was +12.5%.
• Its worst full calendar year was 2022 (-2.1%); its best was 2021 (+26.5%).
• The deepest fall in its price history was 17% (Apr 20, 2022 to Sep 30, 2022), recovered by Jul 20, 2023.

As of Jun 30, 2026, the fund held 308 securities; the ten largest made up 23.6% of assets.

By sector

• Over the three months to Jun 30, 2026, investors added a net $3.69B (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +5.36%, +2.45%, +3.43%.

VTV is an exchange-traded share class of Vanguard Value Index Fund, sharing one portfolio with the fund's other share classes. It follows an index rather than a manager's picks: the CRSP US Large Cap Value Index, a broadly diversified mix of large U.S. value stocks. The index provider decides which companies count as value. The fund aims to own all or nearly all of the index's stocks, and normally keeps at least 80% of net assets in them.

It holds each stock in about the same proportion as the index. As of June 30, 2026, the fund held 308 stocks, and the 10 largest made up 23.6% of assets, led by Micron Technology (4.9%), JPMorgan Chase (3.1%) and Berkshire Hathaway (2.9%). Financials were the biggest sector at 20.9%. Trading is light: portfolio turnover, the share of holdings replaced in a year, was 8%, per its April 2026 prospectus.

It tracks the index in up and down markets alike, without moving to cash. Its shares trade on NYSE Arca at market prices, which can differ slightly from the value of its holdings. Only a limited number of financial firms, called authorized participants, can create or redeem shares directly with the fund, and their trading helps keep the two close. It uses no leverage or options.

• VTV charges 0.03% a year, versus an average of 0.09% for the similar funds below (1st of 9, cheapest first).
• Of that, 0.02% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $3 in the first year and $39 over 10 years (assuming a 5% annual return).

It spreads money across about 300 large U.S. companies for 0.03% a year, though it holds only stocks its index classes as value, not growth stocks.

VTV could anchor the stock side of a retirement portfolio with broad exposure to large U.S. value companies, but it still falls with the market. Its worst quarter was a 25.03% loss in early 2020, during the COVID crash, though it finished 2020 up 2.23%. In 2022 it fell 17% from an April peak to a September low, its deepest drop since June 2020, and recovered about 9.6 months later. Its worst calendar year from 2018 through 2025 was 2018, a 5.39% loss. Selling shares for spending during such a slump means selling low.

Income is modest: a 1.84% yield over the 12 months to October 27, 2026, paid quarterly. Costs are minimal: the 0.03% expense ratio works out to $39 over 10 years on $10,000 in the SEC's standard example. Past results don't predict future returns, and a retirement plan should consider the whole portfolio, not one fund.

Matched by holdings overlap from the latest N-PORT reports.