Vanguard Extended Market ETF

Vanguard Extended Market ETF (VXF) is an index fund tracking the S&P Completion Index, a broad mix of small and mid-size U.S. companies. As of June 30, 2026, it spread money across about 3,370 holdings, led by SpaceX and Snowflake, with the 10 largest making up 7.55% of assets. Its 0.05% yearly fee is a third of the 0.15% average for similar funds, but smaller stocks swing harder: it lost 26.46% in 2022.

• Over the year to Oct 30, 2026, VXF returned +11.2%, 8th of 9 among similar funds.
• Its 5-year annualized return was +4.9%.
• Its worst full calendar year was 2022 (-26.5%); its best was 2023 (+25.5%).
• The deepest fall in its price history was 36.4% (Nov 8, 2021 to Jun 16, 2022), recovered by Nov 6, 2024.

As of Jun 30, 2026, the fund held 3,370 securities; the ten largest made up 7.55% of assets. It also reported 3.75% in a money-market fund, most likely cash collateral from lending out shares rather than uninvested money.

• Over the three months to Jun 30, 2026, investors added a net $149.3M (creations minus redemptions, per the N-PORT report).
• Monthly total returns reported for that quarter: +9.94%, +4.47%, +4.40%.

VXF is the exchange-traded share class of Vanguard Extended Market Stock Index Fund. It's an index fund: instead of a manager picking stocks, it aims to match the S&P Completion Index, a broad index of small and mid-size U.S. companies chosen by the index provider. Size here means market capitalization, the total market value of a company's shares. Normally at least 80% of net assets sit in the index's stocks.

The fund doesn't hold every stock in the index. It uses sampling, owning a mix of securities that together resemble the index in key risk factors, so returns can drift slightly from the index's. As of June 30, 2026, it had about 3,370 holdings, led by Space Exploration Technologies, or SpaceX (1.18% of assets), Snowflake (1.03%), Bloom Energy (0.93%) and Cloudflare (0.92%). The top 10 totaled just 7.55%. Turnover, the share of the portfolio replaced in a year, was 12%.

Cash was 3.75% of assets on June 30, 2026, likely collateral from securities lending (lending holdings to other firms for a fee). Stock index futures and total return swaps, contracts that track an index or a stock, were a tiny fraction of assets. Investors trade VXF on NYSE Arca at market prices, which can differ slightly from the holdings' value.

• VXF charges 0.05% a year, versus an average of 0.15% for the similar funds below (3rd of 9, cheapest first).
• Of that, 0.04% is the management fee; the rest covers other fund expenses.
• Using the prospectus's standard example, $10,000 invested would cost about $5 in the first year and $64 over 10 years (assuming a 5% annual return).

It can add thousands of small and mid-size U.S. companies to a portfolio built around large-company stocks, though it is still an all-stock fund, and smaller stocks have historically been more volatile.

Figures for the 2008 crisis aren't available here. In the COVID-hit first quarter of 2020 the fund lost 28%, then gained 31.14% the next quarter. In 2022 it fell 31.1% from January 3 to June 16 and took 25 months from that low to recover; that year's 26.46% loss was its worst calendar result from 2018 through 2025. Its deepest price drop since June 2020, 36.4%, took nearly 29 months from the low to recover. Someone drawing money in such a slump would be cashing in shares at depressed prices.

Income is modest: the yield was 1.04% for the 12 months to October 27, 2026, paid quarterly. Costs are low: the SEC's standard example puts them at $64 over 10 years on $10,000, assuming 5% yearly returns. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.

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