VSTCX
VANGUARD STRATEGIC SMALL-CAP EQUITY FUND
VANGUARD HORIZON FUNDS
Expense ratio1
0.21%
Net assets2
$2.45B
Holdings2
635
Category
US Equity
2025 return3
15.24%

Investment objective & strategy

As of Jan. 28, 2026 · prospectus

Objective. Vanguard Strategic Small-Cap Equity Fund (the Fund) seeks to provide long-term capital appreciation.

Strategy. The Fund employs an active management approach, investing in the stocks of small-size U.S. companies. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in small-cap equity securities. For purposes of the 80% policy, small-cap equity securities generally will be within the capitalization range of the companies included in the Funds performance benchmark, MSCI US Small Cap 1750 Index. The indexs market capitalization range is subject to change at any time due to market activity or changes in the composition of the index. The Fund employs an active management approach, investing in the stocks of small-size U.S. companies. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in small-cap equity securities. For purposes of the 80% policy, small-cap equity securities generally will be within the capitalization range of the companies included in the Funds performance benchmark, MSCI US Small Cap 1750 Index. The indexs market capitalization range is subject to change at any time due to market activity or changes in the composition of the index.

Top holdings

As of March 31, 2026 · N-PORT
SecurityTickerValue% of fund
JAZZ PHARMACEUTI $19.04M 0.78%
BRIXMOR PROPERTY $18.01M 0.73%
PRIMORIS SVCS CORP $17.78M 0.72%
ENERSYS INC $17.70M 0.72%
POPULAR INC $16.94M 0.69%
AFFIL MANAGERS $16.24M 0.66%
ZIONS BANCORP NA $16.21M 0.66%
ALLISON TRANSMISSION HLDGS INC $15.94M 0.65%
IONIS PHARMACEUTICALS INC $15.54M 0.63%
ASSOCIATED BANC CORP $15.14M 0.62%
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Allocation by sector

As of March 31, 2026 · N-PORT
View portfolio breakdown →

Portfolio moves

Dec 31, 2025 → Mar 31, 2026
Opened
84
Exited
65
Increased
155
Decreased
104
Unchanged
293

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 →

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Advisers

As of September 30, 2025 · N-CEN
FirmRole
The Vanguard Group, Inc. Adviser

Footnotes

  1. Expense ratio as of January 28, 2026, from the fund's prospectus.
  2. Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
  3. 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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