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VRVIX Vanguard Russell 1000 Value Index Fund Institutional Shares

Also available as an ETF (starting at the price of $1).

Management style

Index

Asset class

Domestic Stock - General

Category

Large Value

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 4

Less

More

End of Risk Scale.

Expense ratio

0.06%

as of 02/03/2025

as of 05/31/2025

Investment minimum

$5 M

as of 06/27/2025

NAV price

$331.70

as of 06/27/2025

Overview

Key facts

CUSIP

92206C698

Management style

Index

Asset class

Domestic Stock - General

Category

Large Value

Inception date

12/10/2010

Fund Number

1849

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 4

Less

More

End of Risk Scale.
Price

Minimum Investment

$5,000,000

NAV Price

$331.70

as of 06/27/2025

NAV change

increased$1.27 (0.38%)

as of 06/27/2025

Expense Ratio

0.06%

as of 02/03/2025

Performance

YTD returns

5.56%

as of 06/27/2025

Product summary
  • Invests in stocks in the Russell 1000 Value Index, a broadly diversified index predominantly made up of value stocks of large U.S. companies.
  • Seeks to closely track the index’s return, which is considered a gauge of large-cap value 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 05/31/2025

Recent returns

Average annual

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

Since inception

12/10/2010

VRVIX

3.51%-2.44%2.47%8.85%8.10%12.95%8.53%10.33%

Benchmark

3.51%-2.43%2.50%8.91%8.16%13.02%8.60%10.41%

as of 03/31/2025

Year1st Qtr2nd Qtr3rd Qtr4th QtrYear-end

Benchmark

20252.11%
20248.98%-2.17%9.41%-1.99%14.32% 14.37%
20231.00%4.07%-3.17%9.48%11.42% 11.46%
2022-0.77%-12.23%-5.63%12.40%-7.62% -7.54%
202111.23%5.19%-0.79%7.75%25.07% 25.16%
2020-26.73%14.29%5.58%16.23%2.76% 2.80%
201911.92%3.83%1.35%7.40%26.49% 26.54%
2018-2.86%1.16%5.68%-11.70%-8.30% -8.27%
20173.25%1.32%3.10%5.32%13.60% 13.66%
20161.59%4.44%3.46%6.65%17.08% 17.34%
2015-0.73%0.08%-8.40%5.64%-3.86% -3.83%

as of 12/31/2024

Year

Capital return by NAV

Income return by NAV

Total return by NAV

Benchmark

202412.04% 2.27%14.32%14.37%
20238.96% 2.46%11.42%11.46%
2022-9.69% 2.07%-7.62%-7.54%
202122.88% 2.20%25.07%25.16%
20200.02% 2.74%2.76%2.80%
201923.44% 3.05%26.49%26.54%
2018-10.45% 2.15%-8.30%-8.27%
201710.99% 2.61%13.60%13.66%
201614.11% 2.97%17.08%17.34%
2015-6.12% 2.26%-3.86%-3.83%
201410.90% 2.47%13.37%13.45%
201329.57% 2.83%32.40%32.53%
201214.67% 2.75%17.42%17.51%
2011-1.84% 2.14%0.30%0.39%
20101.93% 0.16%2.08%

as of 05/31/2025

1-yr3-yr5-yr10-yr

Since inception

12/10/2010

VRVIX8.85% 26.34%83.85% 126.72% 314.80%

Benchmark

8.91%26.53%84.39%128.22%

Expense ratio

VRVIX

0.06%

Average expense ratio of similar funds2

0.88%

Historical volatility measures
as of 05/31/2025
BenchmarkR-Squared3Beta3
Russell 1000 Value Index11.001.00
Dow Jones U.S. Total Stock Market Index0.850.90
Fund-specific fees

Purchase fee

None

Fund family redemption fee

None

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.

Performance data do not reflect the deduction of the $25 annual account service fee that may be applied to certain accounts. If this fee was included, performance would be lower.

Price

Closing price

Closing price as of 06/27/2025

NAV

$331.70

NAV change

increased$1.27 (0.38%)

52-week High

$342.33

as of 11/29/2024

52-week Low

$286.02

as of 04/08/2025

52-week Difference

$56.31 (19.69%)

30 day SEC yield

1.99%

 

B SEC yield footnote code

 

as of 05/31/2025

Historical prices
Chart/Table Toggle
NameDateNAV
VRVIX 06/27/2025
$331.70

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 05/31/2025

FundamentalVRVIX
Benchmark
Number of stocks 869 867
Median market cap $98.2 B $98.2 B
Earnings growth rate 12.3% 12.4%
Short-term reserves
P/E ratio 19.7x 19.6x
P/B ratio 2.5x 2.5x
Turnover rate (Fiscal Year-end 08/31/2024) 17.2%
Return on equity 13.7% 13.7%
Foreign holdings 0.4%
Fund total net assets as of 05/31/2025 $13.4 B
Share class total net assets $1.4 B
Stylebox

Equity

Market Captialization Large Investment Style Value

Weighted exposures

as of 05/31/2025

2.70%Basic Materials
Sectors4VRVIX Benchmark Benchmark+/- Weight Basic Materials2.70%2.70%0.00%Consumer Discretionary10.20%9.70%0.50%Consumer Staples6.90%6.90%0.00%Energy6.30%7.20%-0.90%Financials21.70%21.40%0.30%Health Care12.60%14.10%-1.50%Industrials18.70%17.50%1.20%Real Estate4.70%4.70%0.00%Technology7.00%6.60%0.40%Telecommunications4.10%4.10%0.00%Utilities5.10%5.10%0.00%

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

This information is temporarily unavailable.

Distributions

Realized/Unrealized gains

as of 05/31/2025

Realized gain

-$27.28

% of NAV

decreased-8.43%

Unrealized gains of NAV

$38.66

% of NAV

increased11.95%

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 Reinvest date Reinvest price
Dividend$1.57290006/23/202506/18/202506/20/2025$324.80
Dividend$1.50700003/26/202503/24/202503/25/2025$324.61
Dividend$1.71380012/24/202412/20/202412/23/2024$318.56
Dividend$1.71560009/27/202409/25/202409/26/2024$323.19
Dividend$1.52280006/28/202406/26/202406/27/2024$298.60
Dividend$1.31320003/22/202403/20/202403/21/2024$303.39
Dividend$1.80830012/19/202312/15/202312/18/2023$279.85

Fund management

Vanguard Russell 1000 Value Index Fund seeks to track the investment performance of the Russell 1000 Value Index, an unmanaged benchmark representing U.S. large-capitalization value stocks. 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 1000 Value Index Fund since 2010.
Chris Nieves
CFA, Portfolio manager.
Advised the fund since 2025. Worked in investment management since 2013. B.A., Cornell University. MEng., Cornell University.
Jena Stenger
Portfolio manager.
Advised the fund since 2025. Worked in investment management since 2013. B.S., Villanova University. M.B.A., University of Chicago Booth School of Business.

Performance & fees

1
Measures the performance of those Russell 1000 companies with lower price/book ratios and lower predicted and historical growth rates.
2

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.

3

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

Portfolio composition

4

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 average mutual fund expense ratio: 0.09%. Industry average mutual fund expense ratio: 0.50%. All averages are asset-weighted. Industry average excludes Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2023.

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.

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. The fund’s 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 large-capitalization value stocks will trail returns from the overall stock market. Large-cap stocks tend to go through cycles of doing better—or worse—than other segments of the stock market or the stock market in general. These periods have, in the past, lasted for as long as several years.
  • 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.