Vanguard Mid-Cap Value ETF

What this fund is

Vanguard Mid-Cap Value ETF is an exchange-traded fund (ETF) from Vanguard, traded under the ticker VOE (ISIN US9229085124). One trade buys a whole basket of holdings, so your money is spread out instead of riding on a single company. In plain terms it is about owning small slices of companies, so you share in their growth when they do well — and their falls when they don't, spread across its target market. It follows the Spliced Mid Cap Value Index index (passive investing): it tracks the market rather than relying on a manager, keeping running costs down, and its largest holdings include Western Digital Corp., Cummins Inc. and Schlumberger Ltd..

It holds around 171 positions (the ten largest ≈ 13.5%), spreading risk so no single holding decides your outcome. Geographically it leans ~93.6% United States, ~3.7% Ireland and ~0.5% Bermuda. Its heaviest sectors are ~17.1% Financials and ~14.2% Industrials. It is commonly used to tilt a portfolio towards one market, usually alongside broader, more global funds rather than on its own.

Its ongoing charge (TER) is 0.05% a year — about €5 a year on a €10,000 holding, taken automatically from the fund. It holds the underlying investments directly (physical replication); it is domiciled in the United States and trades in USD. Its price has swung about 11.5% over the past year — a gauge of how much the value moves, not a judgement of quality. As with any investment, its value can go down as well as up, and past performance is not a guide to future results. (Fund data sourced from Vanguard.)