For people who invest directly in individual accounts (including IRAs and rollovers); in joint, brokerage, college savings, or small-business accounts; or in annuities.
For people who invest through their employer in a Vanguard 401(k), 403(b), or other retirement plan.
For retirement plan sponsors, consultants, and nonprofit representatives.
For broker-dealers, registered investment advisors, and trust or bank brokerage professionals.
Fact sheet (12/31/2013)
A brief product description that includes information on performance, cost, industry weightings, top holdings, investment approach, and portfolio attributes. Updated quarterly.
A simplified, standardized version of a statutory prospectus. Includes discussions of investment objectives and policies, risks, costs, and past performance intended to make it easier to compare all mutual funds regardless of provider. Updated annually.
Includes detailed discussions of investment objectives and policies, risks, costs, and past performance. By law, a prospectus must be provided to a potential investor before he or she can invest. Updated annually.
Statement of additional information
A document provided as a supplement to a mutual fund prospectus. It contains more detailed information about fund policies, operations, and risks. Updated annually.
Investment profile (03/31/2014)
A detailed product overview including style view, returns, holdings, characteristics, quarterly commentary on investment performance, and detailed discussion on the management team and investment process. Updated quarterly.
Semiannual report (06/30/2013)
A financial statement that lists assets (such as securities holdings), liabilities, and earnings, as well as certain historical information. Updated semiannually.
Annual report (12/31/2013)
A financial statement that lists assets (such as securities holdings), liabilities, and earnings, as well as certain historical information. Updated annually.
Portfolio holdings information:
The following additional terms and conditions apply to the publication on this Site of any Vanguard fund's portfolio holdings as described above:
The stylebox view considers a fund's potential holdings, including frequently owned categories of securities.
Note: The stylebox view for bond funds uses duration rather than average weighted maturity. Duration is a more accurate measure of interest rate sensitivity because it takes into consideration all mortgage prepayments, puts, and adjustable coupons.
Also available as a
Indexed to CRSP US Mid Cap Growth Index Fact sheet (12/31/2013)
Fact sheet (12/31/2013)
Vanguard Mid-Cap Growth ETF seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization growth stocks.
About the benchmark
PRICE AND DISTRIBUTIONS
as of 04/24/2014
The price at which a security trades in the secondary market. The market price is determined by the midpoint between the bid and asked prices as of the closing time of the New York Stock Exchange (typically 4 p.m., Eastern time) on business days.
The market value of a mutual fund's total assets, minus liabilities, divided by the number of shares outstanding. The value of a single share is called its share value or share price.
A non-money market fund's SEC yield is based on a formula mandated by the Securities and Exchange Commission (SEC) that calculates a fund's hypothetical annualized income, as a percentage of its assets. A security's income, for the purposes of this calculation, is based on the current market yield to maturity (in the case of bonds) or projected dividend yield (for stocks) of the fund's holdings over a trailing 30 day period. This hypothetical income will differ (at times, significantly) from the fund's actual experience; as a result, income distributions from the fund may be higher or lower than implied by the SEC yield.
The SEC yield for a money market fund is calculated by annualizing its daily income distributions for the previous seven days.
BASED ON HOLDINGS' YIELD TO MATURITY/DIVIDEND FOR LAST 30 DAYS OF PRIOR MONTH
The annual rate of return on a share of stock, determined by dividing the annual dividend by its current share price. In a stock mutual fund, this figure represents the average dividend yield of the stocks held by the fund.
KEY FUND FACTS
This represents the total net assets for all share classes of Vanguard's U.S. funds that share the same investment strategy, management and holdings, but does not include any collective trusts sharing the same investment mandate.
Intraday Optimized Value TickerIntraday Optimized Value (IOV), also known as the Intraday Indicative Value (IIV), is the calculated per share price of the ETF which is published every 15 seconds based on the last sale price of each of the underlying securities in the portfolio basket, plus any estimated cash amounts associated with the creation unit.
ETF Knowledge Center™
StockIndex portfolio of mid-capitalization growth stocks.
About our styleboxes
as of 03/31/2014
Spliced Mid Cap Growth Index
* MSCI US Mid Cap Growth Index through April 16, 2013; CRSP US Mid Cap Growth Index thereafter.
The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so 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.
Total returns details
CRSP U.S. Mid Cap Growth Index
Sector categories are based on the Industry Classification Benchmark system.
Sector weighting details
Portfolio holdings may exclude any temporary cash investments and equity index products.
Holdings policy for this fund
Risk and volatility are based on the share class with the earliest inception date.
Risk measures are calculated from trailing 36-month fund returns relative to the associated benchmarks.
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 Mid-Cap Growth ETF is listed for trading on the NYSE Arca, it is possible that an active trading market may not be maintained. Trading of Mid-Cap Growth ETF on the NYSE Arca may be halted if NYSE Arca officials deem such action appropriate, if Mid-Cap Growth ETF is delisted from the NYSE Arca, or if the activation of marketwide “circuit breakers” halts stock trading generally. The fund’s performance could be hurt by:
Risk and volatility details
Vanguard ETF Shares can be bought and sold only through a broker (who may charge a commission) and cannot be redeemed with the issuing fund. The market price of Vanguard ETF Shares may be more or less than net asset value. Investments are subject to market risk. Go to the performance page to read more about risk and volatility.
Investment profile (03/31/2014)
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