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VTWG Vanguard Russell 2000 Growth ETF

Management style

Index

Asset class

Domestic Stock - More Aggressive

Category

Small Growth

Risk / reward scale

Start of Risk Scale. On a scale of 1 to 5, 1 is less risk less reward, 5 is more risk more reward
The fund risk level is a 5

Less

More

End of Risk Scale.

Expense ratio

0.10%

as of 02/03/2025

as of 02/28/2025

Market price (MP)

$188.21

as of 03/28/2025

NAV price

$188.08

as of 03/28/2025

Overview

Key facts

IOV ticker symbol

VTWG.IV

CUSIP

92206C623

Management style

Index

Asset class

Domestic Stock - More Aggressive

Category

Small Growth

Inception date

09/20/2010

Fund Number

3353

Ratings

Risk / reward scale

Start of Risk Scale. On a scale of 1 to 5, 1 is less risk less reward, 5 is more risk more reward
The fund risk level is a 5

Less

More

End of Risk Scale.
Price

Minimum Investment

$1.00

as of 03/28/2025

Market price

$188.21

as of 03/28/2025

Market price change

decreased-$3.71 (-1.93%)

as of 03/28/2025

Expense Ratio

0.10%

as of 02/03/2025

NAV Price

$188.08

as of 03/28/2025

NAV Change

decreased-$4.14 (-2.15%)

as of 03/28/2025

Performance

YTD returns (MP)

-10.34%

as of 03/28/2025

YTD returns (NAV)

-10.41%

as of 03/28/2025

Product summary
  • Invests in stocks in the Russell 2000 Growth Index, a broadly diversified index predominantly made up of growth stocks of small U.S. companies.
  • Seeks to closely track the index’s return, which is considered a gauge of small-cap growth U.S. stock returns.
  • Offers high potential for investment growth; share value typically rises and falls more sharply than that of funds holding bonds.
  • More appropriate for long-term goals where your money’s growth is essential.
Fund management

Vanguard Equity Index Group

Performance & fees

Total returns
Month-end/Quarterly Pre-Tax Toggle

as of 02/28/2025

Recent returns

Average annual

Month-end3-Month totalYTD1-yr3-yr5-yr10-yr

Since inception

09/20/2010

VTWG (Market price)-6.74%-11.91%-3.87%5.69%3.66%7.90%7.20%10.42%
VTWG (NAV)
-6.76%-11.70%-3.82%5.84%3.66%7.89%7.20%10.43%

Benchmark

-6.77%-11.70%-3.82%5.83%3.62%7.87%7.17%10.43%
Market Price/Nav Toggle

as of 12/31/2024

Year1st Qtr2nd Qtr3rd Qtr4th QtrYear-end

Benchmark

2025
20247.49%-3.11%8.74%1.59%15.04% 15.15%
20236.14%7.09%-7.31%12.83%18.88% 18.66%
2022-12.67%-19.28%0.27%4.14%-26.38% -26.36%
20214.94%3.79%-5.66%0.01%2.76% 2.83%
2020-25.94%31.05%7.15%29.68%34.87% 34.63%
201917.31%2.71%-4.10%11.38%28.70% 28.48%
20182.28%7.20%5.57%-21.76%-9.43% -9.31%
20175.38%4.35%6.36%4.48%22.20% 22.17%
2016-4.68%3.30%9.09%3.67%11.36% 11.32%
20156.70%2.02%-13.12%4.29%-1.37% -1.38%

as of 12/31/2024

Year

Capital return by NAV

Income return by NAV

Total return by NAV

Total return by Market Price

Benchmark

202414.51% 0.66%15.17% 15.04%15.15%
202317.71% 1.02%18.73% 18.88%18.66%
2022-26.86% 0.51%-26.35% -26.38%-26.36%
20212.25% 0.57%2.82% 2.76%2.83%
202033.84% 0.86%34.70% 34.87%34.63%
201927.61% 0.98%28.59% 28.70%28.48%
2018-9.86% 0.55%-9.31% -9.43%-9.31%
201721.29% 0.84%22.13% 22.20%22.17%
201610.27% 1.13%11.40% 11.36%11.32%
2015-2.05% 0.70%-1.35% -1.37%-1.38%
20145.00% 0.65%5.65% 5.71%5.60%
201342.51% 0.80%43.31% 43.29%43.30%
201213.52% 0.93%14.45% 14.41%14.59%
2011-3.40% 0.29%-3.11% -3.27%-2.91%
201018.49% 0.32%18.80%

as of 02/28/2025

1-yr3-yr5-yr10-yr

Since inception

09/20/2010

VTWG (Market price)5.69%11.39%46.24%100.48%318.58%
VTWG (NAV)5.84% 11.39%46.20% 100.49% 318.88%

Benchmark

5.83%11.27%46.02%99.90%

Expense ratio

VTWG

0.10%

Average expense ratio of similar funds3

1.14%

Historical volatility measures
as of 02/28/2025
BenchmarkR-Squared4Beta4
Russell 2000 Growth Index21.001.00
Dow Jones U.S. Total Stock Market Index0.801.20

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. The performance of an index is not an exact representation of any particular investment, as you cannot invest directly in an index.

Price

Current market price

Current price as of Fri Mar 28 20:15:00GMT+0 2025

Market price change

decreased-$3.71 (-1.93%)

Open

$191.74

High

$191.84

Low

$186.92

Bid/Ask spread

$83.49 (41.15%)

Volume

24,222

Size

1 X 2

Tick

DOWN

Quotes delayed at least 15 minutes. Source: FactSet.

Closing price

Closing price as of 03/28/2025

Market price change

decreased-$3.71 (-1.93%)

NAV

$188.08

NAV change

decreased-$4.14 (-2.15%)

30-day Median Bid/Ask spread

0.16%

52-week High

$229.48

as of 12/04/2024

52-week Low

$178.31

as of 04/19/2024

52-week Difference

$51.17 (28.70%)

Premium/Discount

$0.13

25-day Avg Volume

35,417

50-day Avg Volume

28,856.72

30 day SEC yield

0.44%

 

B SEC yield footnote code

 

as of 02/28/2025

Historical prices
Chart/Table Toggle
NameDateNAV
VTWG 03/28/2025
$188.08

This chart can’t be displayed on mobile devices. For the best viewing experience, visit this page from your desktop or laptop.

Portfolio composition

Characteristics

as of 02/28/2025

FundamentalVTWG
Benchmark
Number of stocks 1128 1112
Median market cap $3.9 B $3.9 B
Earnings growth rate 20.0% 20.0%
Short-term reserves
P/E ratio 22.3x 22.3x
P/B ratio 3.9x 3.9x
Turnover rate (Fiscal Year-end 08/31/2024) 29.4%
Return on equity 8.4% 8.4%
Foreign holdings 0.2%
Fund total net assets as of 02/28/2025 $1.2 B
Share class total net assets $988.6 M
Stylebox

Equity

Market Captialization Small Investment Style Growth

Weighted exposures

as of 02/28/2025

4.20%Basic Materials
Sectors5VTWG Benchmark Benchmark+/- Weight Basic Materials4.20%4.00%0.20%Consumer Discretionary10.60%10.90%-0.30%Consumer Staples3.30%3.00%0.30%Energy3.70%3.80%-0.10%Financials8.00%7.60%0.40%Health Care24.20%23.40%0.80%Industrials25.20%25.30%-0.10%Real Estate1.60%1.40%0.20%Technology17.00%18.50%-1.50%Telecommunications1.20%1.20%0.00%Utilities1.00%0.90%0.10%

Weighted equity exposures exclude any temporary cash investments and equity index futures. Some short-term fixed income securities are classified as cash and are excluded from the weighted bond exposures.

Holding details

as of 02/28/2025

Ticker Holdings CUSIP SEDOL % of fundShares Market value
SFM Sprouts Farmers Market Inc. 85208M102 BCGCR79 1.13 % 92,447 $13,719,135
INSM Insmed Inc. 457669307 2614487 1.06 % 158,210 $12,902,026
FTAI FTAI Aviation Ltd. G3730V105 BLKFTK4 0.98 % 93,228 $11,999,376
CRS Carpenter Technology Corp. 144285103 2177504 0.74 % 43,679 $9,044,611
AIT Applied Industrial Technologies Inc. 03820C105 2086309 0.73 % 35,287 $8,842,216
HQY HealthEquity Inc. 42226A107 BP8XZL1 0.71 % 78,740 $8,642,502
PCVX Vaxcyte Inc. 92243G108 BKPVGH6 0.68 % 113,978 $8,322,674
HIMS Hims & Hers Health Inc. 433000106 BN46048 0.64 % 174,181 $7,853,821
MLI Mueller Industries Inc. 624756102 2609717 0.62 % 94,867 $7,606,436
GTLS Chart Industries Inc. 16115Q308 B19HNF4 0.62 % 39,459 $7,518,912
Name

of issuer

Title of issuer Coupon/Yield Category of investment Cusip/Other id Effective maturity date Final maturity date Principal amount Amortized cost
85208M102
457669307
G3730V105
144285103
03820C105
42226A107
92243G108
433000106
624756102
16115Q308
Ticker Description Shares
SFM
INSM
FTAI
CRS
AIT
HQY
PCVX
HIMS
MLI
GTLS
Ticker Holdings CUSIP SEDOL % of fundShares Market value
SFM Sprouts Farmers Market Inc. 85208M102 BCGCR79 1.13 % 92,447 $13,719,135
INSM Insmed Inc. 457669307 2614487 1.06 % 158,210 $12,902,026
FTAI FTAI Aviation Ltd. G3730V105 BLKFTK4 0.98 % 93,228 $11,999,376
CRS Carpenter Technology Corp. 144285103 2177504 0.74 % 43,679 $9,044,611
AIT Applied Industrial Technologies Inc. 03820C105 2086309 0.73 % 35,287 $8,842,216
HQY HealthEquity Inc. 42226A107 BP8XZL1 0.71 % 78,740 $8,642,502
PCVX Vaxcyte Inc. 92243G108 BKPVGH6 0.68 % 113,978 $8,322,674
HIMS Hims & Hers Health Inc. 433000106 BN46048 0.64 % 174,181 $7,853,821
MLI Mueller Industries Inc. 624756102 2609717 0.62 % 94,867 $7,606,436
GTLS Chart Industries Inc. 16115Q308 B19HNF4 0.62 % 39,459 $7,518,912
Name

of issuer

Title of issuer Coupon/Yield Category of investment Cusip/Other id Effective maturity date Final maturity date Principal amount Amortized cost
85208M102
457669307
G3730V105
144285103
03820C105
42226A107
92243G108
433000106
624756102
16115Q308
Ticker Description Shares
SFM
INSM
FTAI
CRS
AIT
HQY
PCVX
HIMS
MLI
GTLS
Ticker Holdings CUSIP SEDOL % of fundShares Market value
SFM Sprouts Farmers Market Inc. 85208M102 BCGCR79 1.13 % 92,447 $13,719,135
INSM Insmed Inc. 457669307 2614487 1.06 % 158,210 $12,902,026
FTAI FTAI Aviation Ltd. G3730V105 BLKFTK4 0.98 % 93,228 $11,999,376
CRS Carpenter Technology Corp. 144285103 2177504 0.74 % 43,679 $9,044,611
AIT Applied Industrial Technologies Inc. 03820C105 2086309 0.73 % 35,287 $8,842,216
HQY HealthEquity Inc. 42226A107 BP8XZL1 0.71 % 78,740 $8,642,502
PCVX Vaxcyte Inc. 92243G108 BKPVGH6 0.68 % 113,978 $8,322,674
HIMS Hims & Hers Health Inc. 433000106 BN46048 0.64 % 174,181 $7,853,821
MLI Mueller Industries Inc. 624756102 2609717 0.62 % 94,867 $7,606,436
GTLS Chart Industries Inc. 16115Q308 B19HNF4 0.62 % 39,459 $7,518,912
Name

of issuer

Title of issuer Coupon/Yield Category of investment Cusip/Other id Effective maturity date Final maturity date Principal amount Amortized cost
85208M102
457669307
G3730V105
144285103
03820C105
42226A107
92243G108
433000106
624756102
16115Q308
Ticker Description Shares
SFM
INSM
FTAI
CRS
AIT
HQY
PCVX
HIMS
MLI
GTLS
Ticker Holdings CUSIP SEDOL % of fundShares Market value
SFM Sprouts Farmers Market Inc. 85208M102 BCGCR79 1.13 % 92,447 $13,719,135
INSM Insmed Inc. 457669307 2614487 1.06 % 158,210 $12,902,026
FTAI FTAI Aviation Ltd. G3730V105 BLKFTK4 0.98 % 93,228 $11,999,376
CRS Carpenter Technology Corp. 144285103 2177504 0.74 % 43,679 $9,044,611
AIT Applied Industrial Technologies Inc. 03820C105 2086309 0.73 % 35,287 $8,842,216
HQY HealthEquity Inc. 42226A107 BP8XZL1 0.71 % 78,740 $8,642,502
PCVX Vaxcyte Inc. 92243G108 BKPVGH6 0.68 % 113,978 $8,322,674
HIMS Hims & Hers Health Inc. 433000106 BN46048 0.64 % 174,181 $7,853,821
MLI Mueller Industries Inc. 624756102 2609717 0.62 % 94,867 $7,606,436
GTLS Chart Industries Inc. 16115Q308 B19HNF4 0.62 % 39,459 $7,518,912
Name

of issuer

Title of issuer Coupon/Yield Category of investment Cusip/Other id Effective maturity date Final maturity date Principal amount Amortized cost
85208M102
457669307
G3730V105
144285103
03820C105
42226A107
92243G108
433000106
624756102
16115Q308
Ticker Description Shares
SFM
INSM
FTAI
CRS
AIT
HQY
PCVX
HIMS
MLI
GTLS

Distributions

Realized/Unrealized gains

as of 02/28/2025

Realized gain

-$77.60

% of NAV

decreased-38.39%

Unrealized gains of NAV

$36.37

% of NAV

increased17.99%

Fiscal year end

08/31/2025

Distribution schedule

Quarterly

How your fund can affect your taxes

A fund's capital gains and losses can reveal the tax implications of holding a particular fund in a taxable account. This is true of both realized and unrealized capital gains and losses.

These tax implications don't apply to investors holding a fund in a tax-deferred account, such as an IRA or employer-sponsored retirement plan.

Learn about realized and unrealized gains and losses

How your fund can affect your taxes

A fund's capital gains and losses can reveal the tax implications of holding a particular fund in a taxable account. This is true of both realized and unrealized capital gains and losses.

These tax implications don't apply to investors holding a fund in a tax-deferred account, such as an IRA or employer-sponsored retirement plan.

Learn about realized and unrealized gains and losses
Dividend income and capital gains
Type$/Share Payable date Record date Ex-dividend date
Dividend$0.21750003/27/202503/25/202503/25/2025
Dividend$0.40690012/26/202412/23/202412/23/2024
Dividend$0.22650009/30/202409/26/202409/26/2024
Dividend$0.26540007/01/202406/27/202406/27/2024
Dividend$0.26590003/26/202403/22/202403/21/2024
Dividend$0.47970012/22/202312/20/202312/19/2023
Dividend$0.37570009/26/202309/22/202309/21/2023

Fund management

Vanguard Russell 2000 Growth ETF seeks to track the investment performance of the Russell 2000 Growth Index, an unmanaged benchmark representing U.S. small-capitalization growth stocks. Vanguard Russell 2000 Growth ETF is an exchange-traded share class of Vanguard Russell 2000 Growth Index Fund. Using full replication, the portfolio holds all stocks in the same capitalization weighting as the index. The experience and stability of Vanguard’s Equity Index Group have permitted continuous refinement of techniques for reducing tracking error. The group uses proprietary software to implement trading decisions that accommodate cash flow and maintain close correlation with index characteristics. Vanguard’s refined indexing process, combined with low management fees and efficient trading, has provided tight tracking net of expenses.

Vanguard Equity Index Group
Launched in 1975, The Vanguard Group, Malvern, Pennsylvania, is among the world’s largest equity and fixed income managers. As chief investment officer, Gregory Davis, CFA, oversees Vanguard’s Equity Index, Investment Strategy, Quantitative Equity, and Fixed Income Groups. Rodney Comegys, Principal and global head of Vanguard's Equity Index Group, is responsible for all equity index funds. The Equity Index Group manages indexed equity portfolios covering U.S. and international markets. It has developed sophisticated portfolio construction methodologies and efficient trading strategies that seek to deliver returns that are highly correlated with target portfolio benchmarks. The group has advised Vanguard Russell 2000 Growth ETF since 2010.
Nick Birkett
CFA, Portfolio manager.
Advised the fund since 2021. Worked in investment management since 2005. BSc, University of Bath.
Kenny Narzikul
CFA, Portfolio manager.
Advised the fund since 2023. Worked in investment management since 2016. B.B.A., James Madison University.
Aaron Choi
CFA, Portfolio manager.
Advised the fund since 2025. Worked in investment management since 2015. B.S., Pennsylvania State University.

Performance & fees

1
Effective July 15, 2024, the market price returns are calculated using the official closing price as reported by the ETF’s primary exchange. Prior to July 15, 2024, the market price returns were calculated using the midpoint between the bid and ask prices as of the closing time of the New York Stock Exchange (typically 4 p.m., Eastern time). The returns shown do not represent the returns you would receive if you traded shares at other times.
2
Measures the performance of those Russell 2000 companies with higher price/book ratios and higher predicted and historical growth rates.
3

Most recent data available. © 2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; (3) does not constitute investment advice offered by Morningstar; and (4) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

4

R-squared and beta are calculated from trailing 36-month fund returns relative to the associated benchmark.

Portfolio composition

5

Sector categories are based on the Industry Classification Benchmark system (“ICB”), except for the “Other” category (if applicable), which includes securities that have not been provided an ICB classification as of the effective reporting period.

© 2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Vanguard ETFs as a share class: Vanguard ETFs® (exchange-traded funds) are a class of shares listed for trading on an exchange. The shares are available only through a broker, including Vanguard Brokerage Services®.

Vanguard ETF® Shares are not redeemable with the issuing fund other than in very large aggregations worth millions of dollars. Instead, investors must buy and sell Vanguard ETF Shares in the secondary market and hold those shares in a brokerage account. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling.

Total returns: Short-term total return information is provided only as a service. Historical performance—particularly short-term performance—is no guarantee of future returns. Price, yield, and return on an actual investment will fluctuate, and you may have a gain or loss when you sell. Average annual returns include changes in price and reinvestments of dividends and capital gains. Since-inception returns for less than 1 year and year-to-date returns aren't annualized. Index performance is provided as a benchmark but isn't illustrative of any particular investment. You can't invest in an index.

Standardized returns: To see quarterly fee-adjusted returns, refer to the Price & Performance details.

Expense ratios: Expense ratios are displayed on Overview. For investments that are less than 1 fiscal year old, expense ratios are estimated.

Risk: All investing is subject to risk, including the possible loss of the money you invest. Funds that concentrate on a relatively narrow market sector face the risk of higher share-price volatility. Investments in stocks or bonds issued by non-U.S. companies are subject to risks including country/regional risk and currency risk.

Vanguard average ETF expense ratio: 0.05%. Industry average ETF expense ratio: 0.22%. All averages are asset-weighted. Industry average excludes Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2023.

An investment in the fund could lose money over short or even long periods. You should expect the fund’s share price and total return to fluctuate within a wide range, like the fluctuations of the overall stock market. Although Vanguard Russell 2000 Growth ETF is listed for trading on the Nasdaq, it is possible that an active trading market may not be maintained. Trading of Russell 2000 Growth ETF on the Nasdaq may be halted if Nasdaq officials deem such action appropriate, if Russell 2000 Growth ETF is delisted from the Nasdaq, or if the activation of marketwide “circuit breakers” halts stock trading generally. Performance could be hurt by:

  • Stock market risk: The chance that stock prices overall will decline. Stock markets tend to move in cycles, with periods of rising stock prices and periods of falling stock prices. The fund’s target index may, at times, become focused in stocks of a particular sector, category, or group of companies. Because the fund seeks to track its target index, the fund may underperform the overall stock market.
  • Investment style risk: The chance that returns from small-capitalization growth stocks will trail returns from the overall stock market. Historically, small-cap stocks have been more volatile in price than the large-cap stocks that dominate the overall market, and they often perform quite differently.
  • Index replicating risk, which is the chance that the fund may be prevented from holding one or more securities in the same proportion as in its target index.
  • Index-related risks: The fund is subject to risks associated with index investing, which include passive management risk, tracking error risk, and index provider risk. Passive management risk is the chance that the fund's use of an indexing strategy will negatively impact the fund's performance. Because the fund seeks to track the performance of its target index regardless of how that index is performing, the fund's performance may be lower than it would be if the fund were actively managed. Tracking error risk is the chance that the fund's performance will deviate from the performance of its target index. Tracking error risk may be heightened during times of increased market volatility or under other unusual market conditions. Index provider risk is the chance that the fund will be negatively impacted by changes or errors made by the index provider. Any gains, losses, or costs associated with or resulting from an error made by the index provider will generally be borne by the fund and, as a result, the fund's shareholders.