VANGUARD S&P 500 VALUE INDEX FUND

VANGUARD ADMIRAL FUNDS · 2 share classes

U.S. equity index ETF
One fund, 2 share classes:VOOVVSPVX
$6.67B NAV
456 positions · as of 2026-05-31 · filed 2026-07-29

Fund classification

Classified from what the fund holds · as of 2026 Q2

VANGUARD S&P 500 VALUE INDEX FUND is a U.S. equity index ETF that tracks the S&P 500 Value Index. 4% of VOOV’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 100% of the fund’s equity).

Asset class
Equity
Region
United States
Management
Index (passive)
Fund type
ETF

Fund profile

As filed in the prospectus · 2026 Q2

Vanguard S&P 500 Value ETF, an exchange-traded share class of Vanguard S&P 500 Value Index Fund (the Fund), seeks to track the performance of a benchmark index that measures the investment return of large-capitalization value stocks in the United States.

Strategy · summarised

The fund tracks the S&P 500 Value Index by holding all or substantially all of its constituent stocks in the same weights as the index, seeking to replicate its performance. Because the fund holds each stock in index proportion, concentration in particular issuers or industries will occur if the index itself becomes concentrated due to market conditions or issuer performance.

Expenses
0.05% 0.07%across 2 share classes
Share classExpense ratio
VOOV0.07%
VSPVX0.05%

Portfolio turnover 32.00% · as of 2026 Q2

Allocation

Asset groups · long / short shown separately, never netted · 2026 Q2

99.88%
of net assets
Stocks99.51%
Cash & short-term0.36%
Derivatives0.01%

Derivatives are shown at market value, not notional exposure.

Sector allocation

The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2

100%
of net assets
Information Technology21.1%
Financials14.9%
Health Care11.5%
Consumer Discretionary10.9%
9 smaller41.6%

Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).

Portfolio growth profile

How much of the fund’s stock holdings are in fast-growing companies · as of 2026 Q2

Revenue growth
4%of stock holdings in top-quartile growers
covering 100% of the fund’s equity
Earnings growth
15%of stock holdings in top-quartile growers
covering 93% of the fund’s equity

Share of the fund’s equity (by value) in companies whose trailing five-year revenue — or net-income — growth ranks in the top 25% of U.S. public companies. Foreign and newly-listed holdings are excluded, so the figure covers only part of the book. From SEC filings — not investment advice. How we measure this.

Latest quarter

What changed since the fund's previous filing

2026Q2 vs 2026Q1: 11 new11 exited

Largest new: VEEV, Hologic Inc, VGNT

Largest exited: Coterra Energy Inc, Hologic Inc, MOH, MTCH, LW, PAYC, VSNT

Return profile

Chart:

Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026

Share class1-year3-year5-yearVolWorst fall
+23.89%+53.43%+68.69%8.68%-9.91%
+23.91%+53.53%+68.92%8.68%-9.90%

These classes hold the same portfolio, so the 0.23pp spread over 5 years is the cost difference between them — roughly 0.05pp a year — not a difference in what they own.

Cumulative return· Jun 2023 – Apr 2026

May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.

Holdings

By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page

Issuer%NAVValue
Apple IncAAPL7.89%$526.67M
Amazon.com IncAMZN4.28%$285.69M
Exxon Mobil CorpXOM2.09%$139.56M
Intel CorpINTC1.85%$123.80M
Walmart IncWMT1.75%$116.67M
Tesla IncTSLA1.60%$107.08M
Costco Wholesale CorpCOST1.46%$97.61M
UnitedHealth Group IncUNH1.19%$79.20M
Bank of America CorpBAC1.18%$78.71M
Chevron CorpCVX1.18%$78.63M
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Reported price is the fund's own reported value divided by its own reported shares at 2026-05-31 — not a live quote, and not what the fund paid.

Top 10 positions are 24.48% of net assets, top 25 37.28%, across 440 issuers.

See more of this fund's book

More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.

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