VSMSX
VANGUARD S&P SMALL-CAP 600 INDEX FUND
VANGUARD ADMIRAL FUNDS
ETFIndex fund
Expense ratio1
0.03%
Net assets2
$5.41B
Holdings2
606
Category
US Equity
2025 return3
6.04%

Investment objective & strategy

As of Dec. 19, 2025 · prospectus

Objective. Vanguard S&P Small-Cap 600 ETF, an exchange-traded share class of Vanguard S&P Small-Cap 600 Index Fund (the Fund), seeks to track the performance of a benchmark index that measures the investment return of small-capitalization stocks in the United States.

Strategy. The Fund employs an indexing investment approach designed to track the performance of the S&P SmallCap 600 Index (the Target Index). The Target Index measures the performance of small-capitalization companies in the United States. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the Target Index. The Fund attempts to replicate the Target Index by investing all, or substantially all, of its assets in the stocks that make up the Target Index, holding each stock in approximately the same proportion as its weighting in the Target Index. The Fund employs an indexing investment approach designed to track the performance of the S&P SmallCap 600 Index (the Target Index). The Target Index measures the performance of small-capitalization companies in the United States. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the Target Index. The Fund attempts to replicate the Target Index by investing all, or substantially all, of its assets in the stocks that make up the Target Index, holding each stock in approximately the same proportion as its weighting in the Target Index.

Top holdings

As of Feb. 28, 2026 · N-PORT
SecurityTickerValue% of fund
SOLSTICE ADV MAT $42.73M 0.79%
MOOG INC-CLASS A $32.89M 0.61%
INTERDIGITAL INC $32.36M 0.60%
CARETRUST REIT INC $31.11M 0.58%
Vanguard Market Liquidity Fund $30.71M 0.57%
SITIME CORP $29.91M 0.55%
EASTMAN CHEMICAL CO $29.54M 0.55%
LKQ CORP $29.06M 0.54%
SANMINA CORP $29.05M 0.54%
PRIMORIS SVCS CORP $27.93M 0.52%
View all holdings →

Allocation by sector

As of February 28, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Nov 30, 2025 → Feb 28, 2026
Opened
27
Exited
27
Increased
569
Decreased
9
Unchanged
2

How 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.

View portfolio moves →

Similar funds

Funds whose portfolios most overlap this one, by weight
FundOverlapNet exp.
S&P SmallCap Index Fund · SMCIX, SMLKX 96% 0.86%
Columbia Small Cap Index Fund · NMSAX, NMSCX, CXXRX, CSPYX 96% 0.20%
SmallCap S&P 600 Index Fund · PSSMX, PSSPX, PSSIX, PSSJX, PSPIX 93% 0.17%
View all similar funds →

Advisers

As of August 31, 2025 · N-CEN
FirmRole
The Vanguard Group, Inc. Adviser

Footnotes

  1. Expense ratio as of December 19, 2025, from the fund's prospectus.
  2. Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
  3. Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).

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