Russell 1000 ETF (VONE)

Also available as a 

mutual fund.

Indexed to Russell 1000 Index

  Fact sheet (12/31/2013)

Summary of this fund

Vanguard Russell 1000 ETF seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks.

Investment approach

  • Seeks to track the performance of the Russell 1000 Index.
  • U.S. large-cap equity diversified across growth and value styles.
  • Employs a passively managed, full-replication strategy.
  • The fund remains fully invested.
  • Low expenses minimize net tracking error.

About the benchmark

  • The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe. A subset of the Russell 3000 Index, it includes approximately 1,000 of the largest stocks based on a combination of market capitalization and current index membership.
  • Represents approximately 90% of the U.S. market.

PRICE AND DISTRIBUTIONS

Price and distributions

as of 04/17/2014

Market price

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.

Change $/%
$86.06
$0.16 positive change   0.19%
NAV

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.

Change $/%
$86.05
$0.14 positive change   0.16%
SEC yield

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.

1.87% B

BASED ON HOLDINGS' YIELD TO MATURITY/DIVIDEND FOR LAST 30 DAYS OF PRIOR MONTH

Dividend yield

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.

1.93%

KEY FUND FACTS

Key fund facts

Expense ratio
0.12% as of 12/20/2013
Lipper peer average
expense ratio
1.15% as of 12/31/2013
Designation
Domestic Large Blend
Inception on
09/20/2010
Total net assets

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.

$1.2 billion as of 03/31/2014
Net assets for
VONE
 
$289.8 million as of 03/31/2014
Holdings 
1,022 as of 03/31/2014
Management style
Index
Benchmark
Russell 1000 Index (RU10INTR)
Turnover rate 
 11.10%(Fiscal year-end  08/31/2013)

TRADING

Trading

IOV:

Intraday Optimized Value Ticker
Intraday 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.

VONE.IV
Outstanding shares:
3,350,000 as of 03/31/2014
ETF exchange:
NASDAQ Stock Market Exchange Large Cap

STYLEBOX

Stylebox

Stock
Index portfolio of large-capitalization stocks diversified across investment styles.



Expected range
Central tendency

About our styleboxes  

Objective

Vanguard Russell 1000 ETF seeks to track the performance of a benchmark index that measures the investment return of large-capitalization stocks.

Investment approach

  • Seeks to track the performance of the Russell 1000 Index.
  • U.S. large-cap equity diversified across growth and value styles.
  • Employs a passively managed, full-replication strategy.
  • The fund remains fully invested.
  • Low expenses minimize net tracking error.

About the benchmark

  • The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe. A subset of the Russell 3000 Index, it includes approximately 1,000 of the largest stocks based on a combination of market capitalization and current index membership.
  • Represents approximately 90% of the U.S. market.

Total returns

as of 03/31/2014

View as:

as of 03/31/2014

View as:
25%
20
15
10
5
0%
 
 
 
  YTD 1 year 5 year 10 year Since inception

09/20/2010

Market price  2.03% 22.28% 17.74%
NAV 
2.01% 22.26% 17.74%
Benchmark

Russell 1000 Index

*
2.05% 22.41%

* Measures the performance of the 1,000 largest companies in the Russell 3000 Index.

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.


Sector weightings

  Sector  VONE
as of 03/31/2014
Benchmark

Russell 1000 Index

as of 12/31/2013
Financial Services 18.7% 18.6%
Technology 15.5% 15.6%
Consumer Discretionary 14.5% 15.0%
Health Care 12.8% 12.4%
Producer Durables 11.4% 11.6%
Energy 9.6% 9.6%
Consumer Staples 7.8% 7.9%
Utilities 5.4% 5.0%
Materials & Processing 4.3% 4.3%
Other 0.0% 0.0%
0%
20%
Total 100.0% 100.0%

Sector categories are based on the Russell Global Sectors classification system.

Top 10 holdings as of 03/31/2014

 as of 03/31/2014
Rank Holding
1 Apple Inc.
2 Exxon Mobil Corp.
3 Microsoft Corp.
4 Google Inc.
5 Johnson & Johnson
6 General Electric Co.
7 Wells Fargo & Co.
8 Chevron Corp.
9 JPMorgan Chase & Co.
10 Berkshire Hathaway Inc.
Top 10 equals 15.7% of net assets

Portfolio holdings may exclude any temporary cash investments and equity index products.

Holdings policy for this fund  

Fundamentals

Stockas of 03/31/2014 VONE Benchmark

Russell 1000 Index

Number of stocks 1,022 1,016
Median market cap $57.6 billion $57.6 billion
P/E ratio 19.3x 19.3x
P/B ratio 2.6x 2.6x
Turnover rate 11.1% Fiscal year end 8/2013 N/A

Risk and volatility as of 03/31/2014

as of 03/31/2014
  VONE Benchmark

Russell 1000 Index

R-squared N/A 1.00
Beta N/A 1.00
Alpha – 0.01 N/A
Standard deviation 12.77% 12.78%
Sharpe ratio 1.14 1.15

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 Vanguard Russell 1000 ETF is listed for trading on the Nasdaq, it is possible that an active trading market may not be maintained. Trading of Russell 1000 ETF on the Nasdaq may be halted if Nasdaq officials deem such action appropriate, if Russell 1000 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 large-capitalization 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.




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.

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