Investment objective & strategy
As of April 29, 2025 · prospectusObjective. The Portfolio seeks to provide long-term capital appreciation.
Strategy. Vanguard Variable Insurance Funds Small Company Growth Portfolio (the Portfolio), under normal circumstances, invests at least 80% of its assets primarily in common stocks of small companies, choosing stocks considered by the Portfolios advisors to have superior growth potential. These companies often provide little or no dividend income. The Portfolio uses multiple investment advisors. Each advisor independently selects and maintains a portfolio of common stocks for the Portfolio. Vanguard Variable Insurance Funds Small Company Growth Portfolio (the Portfolio), under normal circumstances, invests at least 80% of its assets primarily in common stocks of small companies, choosing stocks considered by the Portfolios advisors to have superior growth potential. These companies often provide little or no dividend income. The Portfolio uses multiple investment advisors. Each advisor independently selects and maintains a portfolio of common stocks for the Portfolio.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Vanguard Market Liquidity Fund | — | $63.38M | 4.61% |
| COMFORT SYSTEMS USA INC | — | $20.56M | 1.50% |
| CHURCHILL DOWNS INC | — | $17.84M | 1.30% |
| TRIMBLE INC | — | $16.20M | 1.18% |
| TURNING POINT BRANDS INC | — | $15.89M | 1.16% |
| CURTISS WRIGHT CORPORATION | — | $15.69M | 1.14% |
| RB GLOBAL INC | — | $15.19M | 1.10% |
| APPLIED INDU TEC | — | $14.97M | 1.09% |
| FED SIGNAL CORP | — | $14.94M | 1.09% |
| KIRBY CORP | — | $14.81M | 1.08% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Meridian Growth Fund · MERDX, MRIGX, MRAGX, MRRGX, MRCGX | 40% | 0.88% |
| VANGUARD EXPLORER FUND · VEXPX, VEXRX | 37% | 0.28% |
| VANGUARD SMALL-CAP GROWTH INDEX FUND · VISGX, VSGIX, VBK, VSGAX | 33% | 0.05% |
Advisers
| Firm | Role |
|---|---|
| The Vanguard Group, Inc. | Adviser |
| ArrowMark Colorado Holdings, LLC | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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