Summary
Vanguard Extended Market Index Fund Institutional Shares is a mutual fund run by Vanguard. It does not trade on an exchange: you buy it from the fund company at a price set once a day. Positions inside: 3,371. The ten largest make up 11% of the fund.
- Yearly costs
- 0.04%
- Fund size
- $91.2B
- Positions
- 3,371
- Dividend yield
- 1.06%
- Running since
- 1997
What speaks for it
- Costs of 0.04% a year are below the middle of comparable funds (0.40%).
- Widely spread: the ten largest positions make up only 11% of the fund.
- A large fund with $91.2B under management.
- Average yearly growth over the last ten years: 9.7%.
- It has been running since 1997.
What to watch
- 94% of the fund is in one country (United States).
- In the last five years its price once dropped by 37% from its high.
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- -3.7%
- 3 months
- -4.9%
- This year
- +8.3%
- 1 year
- +8.6%
- 3 years
- +64%
- 5 years
- +18%
- 10 years
- +153%
- Avg. market cap
- $342.2B
- P/E
- 25.8x
- Forward P/E
- 28.8x
- P/S
- 3.7x
- P/B
- 5.4x
- P/FCF
- 23.3x
- EV/EBITDA
- 23.7x
- Dividend yield
- 0.18%
- ROIC
- -0.8%
- ROE
- -6.4%
- Gross margin
- 58.7%
- Operating margin
- -302.0%
- Net margin
- -273.8%
- Payout ratio
- 4.6%
- Net debt/EBITDA
- 6.4x
- Beta
- 1.14
Weighted average of the 50 largest companies, which make up 21% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 SPSpaceX SPCX 2.5%
- 2 SLCMT1142 2.3%
- 3 SNSnowflake SNOW 1.4%
- 4 NECloudflare NET 1.4%
- 5 NTNatera NTRA 0.7%
- 6 MSStrategy MSTR 0.7%
- 7 ALAstera Labs ALAB 0.7%
- 8 LNCheniere Energy, Inc. LNG 0.7%
- 9 TWTwilio Inc. TWLO 0.5%
- 10 RVRevolution Medicines RVMD 0.5%
Positions in the fund: 3,371. The ten largest make up 11% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy sector
- Technology 21%
- Industrials 17%
- Healthcare 15%
- Financials 14%
- Consumer cyclical 8.0%
- Other 25%
By country
- United States 94%
- United Kingdom 1.1%
- Cayman Islands 0.6%
- Bermuda 0.6%
- Other countries 4.1%
By company size
- Mega cap 2.9%
- Large cap 47%
- Mid cap 49%
- Small cap 0.7%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M. Counted from the companies that make up 86% of the fund.
Largest sector: Technology (21%). Largest country: United States (94%). Largest size group: Mid cap (49%).
What does it cost me?
Cheap- A year from $10,000
- $4.00
- Over 20 years
- $201
From every $10,000 invested the fund takes $4.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $201.
How has it done?
Growing over the long run- A year on average, 10 years
- +9.7%
- Deepest drop
- -37%
- Yearly volatility
- 18%
Average yearly growth over the last ten years: 9.7%. Deepest drop in these years: 37% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 1.06%
- Payments a year
- 4
- Last payment
- $0.43
Over the last 12 months it paid $1.85 per share, which is 1.06% of today's price. The last payment was $0.43 on Sep 23, 2026.
How expensive are the companies inside?
Rather expensive- P/E of the companies inside
- 25.8
- Average Bulios Score
- 52 out of 100
Weight by Bulios Fair Price
- Undervalued 10%
- Fairly valued 4.9%
- Overvalued 85%
On average the companies inside trade for 25.8 times their yearly profit. By Fair Price, 85% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 21% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Can I buy it as an ETF?
A mutual fund is bought from the fund company. These ETFs hold much of the same and trade on an exchange, so an ordinary broker carries them.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
VX VXF Vanguard Extended Market ETF | United States | 0.05% | $91.2B | +8.6% | Pays out | 86% |
VB VB Vanguard Small Cap Index Fund | United States | 0.03% | $175.8B | +12% | Pays out | 68% |
BB BBMC JPMorgan BetaBuilders U.S. Mid Cap Equity ETF | United States | 0.07% | $2.08B | +17% | Pays out | 42% |
JH JHMM John Hancock Investments - Multifactor Mid Cap ETF | United States | 0.41% | $5.92B | +13% | Pays out | 39% |
VB VBK Vanguard Morningstar Small-Cap Growth ETF | United States | 0.05% | $41.9B | +8.9% | Pays out | 38% |
CV CVMC Calvert US Mid-Cap Core Responsible Index ETF | United States | 0.15% | $99.2M | +18% | Pays out | 35% |
