Investment objective & strategy
As of March 27, 2026 · prospectusObjective. Vanguard U.S. Quality Factor ETF (the Fund) seeks to provide long-term capital appreciation by investing in stocks with strong fundamentals as determined by the advisor.
Strategy. The Fund employs an active management approach, investing primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by selecting stocks with strong fundamentals as determined by the advisor. 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 exposure to securities with strong fundamentals subject to a rules-based screen designed to promote diversification and to mitigate exposure to certain less liquid stocks. Securities with relatively strong fundamentals may … The Fund employs an active management approach, investing primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by selecting stocks with strong fundamentals as determined by the advisor. 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 exposure to securities with strong fundamentals subject to a rules-based screen designed to promote diversification and to mitigate exposure to certain less liquid stocks. Securities with relatively strong fundamentals may be identified by measures such as strong profitability, sustainable earnings, and healthy balance sheets. 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 |
|---|---|---|---|
| LAM RESEARCH CORP | — | $8.49M | 1.90% |
| KLA CORP | — | $8.04M | 1.80% |
| PEPSICO INC | — | $7.65M | 1.71% |
| GILEAD SCIENCES INC | — | $7.42M | 1.66% |
| MERCK & CO | — | $7.16M | 1.60% |
| WALMART INC | — | $7.09M | 1.59% |
| APPLE INC | — | $6.82M | 1.53% |
| FORTINET INC | — | $6.74M | 1.51% |
| ADOBE INC | — | $6.48M | 1.45% |
| COSTCO WHOLESALE CORP | — | $6.30M | 1.41% |
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. |
|---|---|---|
| VANGUARD U.S. MULTIFACTOR FUND · VFMFX | 32% | 0.18% |
| VANGUARD U.S. MULTIFACTOR ETF · VFMF | 32% | 0.18% |
| iShares MSCI USA Quality Factor ETF · QUAL | 30% | 0.15% |
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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