VO US
Vanguard Mid-Cap Index Fund ETF Shares Guide (VO): What Is It All About?
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Overview
Vanguard Mid-Cap Index Fund ETF Shares (VO) offers Australian investors exposure to a diversified portfolio of U.S. mid-sized companies. The supplied profile reports 282 holdings, a 0.03% expense ratio and a 1.444% dividend yield. Reported returns were 10.474% year to date and 9.802% over one year, while longer-term results varied across the three-, five- and ten-year periods. As VO trades in U.S. dollars, Australian-dollar outcomes may also be affected by currency movements.
Category
VO offers diversified exposure to mid-sized U.S. companies across industries, rather than targeting a single sector or investment theme. The portfolio’s mix includes industrial, technology, financial, healthcare, energy and consumer businesses, giving investors access to a broad slice of the U.S. mid-cap market.
Mid-cap shares occupy a space between the biggest established companies and smaller businesses. That can provide exposure to firms with different growth profiles and business cycles, but their share prices can remain sensitive to economic conditions and changes in investor sentiment. VO’s reported portfolio is predominantly U.S. equity, with sector exposure led by industrials and technology.
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Key facts
- Ticker
- VO
- Exchange
- US
- ISIN
- US9229086296
- Category / focus
- US Small & Mid Cap Equity
- Provider
- Vanguard
- Domicile
- United States
- Currency
- USD
- Inception date
- 2004-01-26
- UCITS
- No
- Holdings count
- 270
Costs
- TER
- 0.03%
- Net expense ratio
- 0.03%
- AUM
- 108.5B
The reported expense ratio is 0.03%. This ongoing fund cost is separate from brokerage, trading costs and any currency-conversion costs an Australian investor may incur.
Performance
- YTD
- 15.6%
- 1 year
- 15.0%
- 3 years
- 18.2%
- 5 years
- 6.9%
- 10 years
- 11.7%
- Dividend yield
- 1.35%
- Top 10 concentration
- 9.8%
Holdings
-
Cloudflare Inc1.08%
-
Valero Energy Corporation1.12%
-
Marathon Petroleum Corp1.04%
-
Phillips 661.02%
-
Quanta Services Inc0.94%
-
Vertiv Holdings Co0.96%
-
Datadog Inc0.94%
-
Howmet Aerospace Inc0.93%
-
Robinhood Markets Inc0.92%
-
Lumentum Holdings Inc0.86%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
The portfolio spans a wide range of U.S. companies, with 282 holdings and a top-10 concentration of 9.506%. Industrials make up 18.122% of sector exposure and technology 17.642%, followed by financial services at 13.808%. Its largest listed holding is Vertiv Holdings Co at 1.175%; other leading positions include Western Digital, Seagate Technology, Quanta Services and Howmet Aerospace. The broad spread means no single top holding dominates, while sector allocations still influence performance.
Regions
-
North America98.0%
-
Asia Emerging0.6%
-
Europe Developed0.5%
-
Latin America0.2%
-
Japan0.0%
-
Australasia0.0%
-
Asia Developed0.0%
-
United Kingdom0.0%
-
Europe Emerging0.0%
-
Africa/Middle East0.0%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
Asset allocation
-
Stock US93.8%
-
Stock non-US1.7%
-
Cash0.3%
-
Other0.2%
-
Bond0.0%
-
NotClassified0.0%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
Sectors
-
Industrials19.1%
-
Technology17.7%
-
Financial Services13.3%
-
Healthcare9.7%
-
Energy8.7%
-
Consumer Cyclicals8.6%
-
Utilities7.7%
-
Consumer Defensive4.8%
-
Real Estate4.7%
-
Basic Materials4.1%
Weights are percentages of the fund; bars use a 0–100% scale. Displayed entries may not cover the whole portfolio.
Risks
Who it may suit
VO may interest investors researching diversified exposure to mid-sized U.S. companies rather than a portfolio focused only on the largest U.S. businesses. Australian investors should also consider the fund’s U.S.-dollar exposure, share-market risk and fit with their broader portfolio.
Key risks
VO is an equity fund, so its value can fall as well as rise with the U.S. share market. Mid-sized companies may be more sensitive to economic slowdowns, financing conditions and shifts in market sentiment than larger businesses. The portfolio’s sector mix can also affect returns, and Australian investors face currency movements between the U.S. dollar and Australian dollar. Past returns and the reported dividend yield do not guarantee future results.
FAQ
What does VO invest in?
VO provides diversified exposure to U.S. mid-sized companies across a range of industries. Its portfolio is weighted heavily toward U.S. shares.
How concentrated is the portfolio?
The fund holds 282 stocks, and its top 10 holdings account for 9.506% of assets. Industrials and technology are its largest sector exposures.
What are the main risks for Australian investors?
VO is exposed to movements in U.S. share prices and the U.S. dollar, which can affect returns measured in Australian dollars. Mid-cap shares can also be more sensitive to economic and market changes than larger-company shares.
Does VO pay income?
The supplied profile reports a dividend yield of 1.444%. Yield can change, and it should not be taken as a guarantee of future income.
*This content is aimed to provide general information only, and does not take your personal objectives, financial situation or needs into account.
