Investment objective & strategy
As of March 27, 2026 · prospectusObjective. Vanguard U.S. Minimum Volatility ETF (the Fund) seeks to provide long-term capital appreciation with lower volatility relative to the broad U.S. equity market.
Strategy. The Fund employs an active management approach, investing primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The Funds portfolio includes a diverse mix of companies representing many different market sectors and industry groups. The advisor uses a quantitative model to evaluate all of the securities in an investment universe comprised of U.S. large-, mid-, and small-capitalization stocks and to construct a U.S. equity portfolio that seeks to achieve the lowest amount of expected volatility subject to a rules-based screen designed to promote diversification and to mitigate exposure to certain less liquid stocks. Under normal circumstances, the Fund invests … The Fund employs an active management approach, investing primarily in a group of U.S. common stocks that together are deemed by the advisor to have the potential to generate lower volatility relative to the broad U.S. equity market. The Funds portfolio includes a diverse mix of companies representing many different market sectors and industry groups. The advisor uses a quantitative model to evaluate all of the securities in an investment universe comprised of U.S. large-, mid-, and small-capitalization stocks and to construct a U.S. equity portfolio that seeks to achieve the lowest amount of expected volatility subject to a rules-based screen designed to promote diversification and to mitigate exposure to certain less liquid stocks. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in securities issued by U.S. companies.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| KEYSIGHT TECHNOLOGIES INC | — | $7.39M | 1.90% |
| ANALOG DEVICES INC | — | $6.07M | 1.56% |
| TJX COS INC | — | $6.00M | 1.54% |
| JOHNSON&JOHNSON | — | $5.95M | 1.53% |
| REPUBLIC SVCS | — | $5.89M | 1.51% |
| COCA-COLA CO/THE | — | $5.80M | 1.49% |
| MICROSOFT CORP | — | $5.73M | 1.47% |
| BERKSHIRE HATH-B | — | $5.58M | 1.43% |
| APPLE INC | — | $5.55M | 1.43% |
| LAM RESEARCH CORP | — | $5.32M | 1.37% |
Portfolio moves
Nov 30, 2025 → Feb 28, 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. |
|---|---|---|
| iShares MSCI USA Min Vol Factor ETF · USMV | 39% | 0.15% |
| State Street(R) SPDR(R) MSCI USA StrategicFactors(SM) ETF · QUS | 37% | 0.15% |
| AVIP Intech U.S. Low Volatility Portfolio | 36% | 0.61% |
Advisers
| Firm | Role |
|---|---|
| The Vanguard Group, Inc. | Adviser |
Footnotes
- Expense ratio as of March 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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