Vanguard Explorer Value Fund

Frequently Asked Questions About VEVFX

What does VEVFX invest in?

The Vanguard Explorer Value Fund targets undervalued small and mid-capitalization American businesses, identified by its expert advisors. Its portfolio management teams each bring over two decades of specialized experience in value-oriented investing. Given its emphasis on smaller and medium-sized companies, this fund typically experiences higher price volatility compared to equity funds focused on larger corporations. It is generally best suited as a complementary holding within an already diversified portfolio, especially for investors with a long-term investment horizon.

What is the expense ratio of VEVFX?

Vanguard Explorer Value Fund (VEVFX) charges an expense ratio of 0.54%. This is the annual fee deducted from fund assets to cover management and operations.

How big is VEVFX?

Vanguard Explorer Value Fund (VEVFX) manages $1.40B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is VEVFX actively managed or an index fund?

VEVFX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was VEVFX launched?

Vanguard Explorer Value Fund (VEVFX) launched in March 2010 and is managed by Vanguard.

How has VEVFX performed?

VEVFX's total return — price change plus reinvested distributions — is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.