# Vanguard U.S. Multifactor ETF (VFMF): ETF Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vfmf for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Vanguard · Asset class: Equity - Strategy: Actively Managed · Inception: 2018-02-13 The fund's advisor utilizes a systematic, data-driven quantitative framework to analyze U.S. common stocks, building an equity portfolio specifically designed to capture exposure to various investment factors. The process begins with an initial filter that eliminates the most volatile securities from the investment universe. Subsequently, stocks are selected based on an equally weighted composite score derived from three targeted factors: momentum, which identifies companies demonstrating strong recent price performance; quality, focusing on businesses with robust fundamental health; and va... ## Key Facts | Metric | Value | |---|---| | Price | $188.23 | | Expense Ratio | 0.18% | | Assets Under Management | $1.10B | | NAV | $188.07 | | Holdings Count | 553 | | Distribution Yield (TTM) | 1.37% | | Annual Distribution (TTM) | $2.58 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $140.20 – $189.23 | | Beta | 0.94 | ## Latest Distribution - Amount: $0.6047 /share - Ex-date: 2026-09-23 - Pay date: 2026-09-25 ## Frequently Asked Questions ### What does VFMF invest in? The fund's advisor utilizes a systematic, data-driven quantitative framework to analyze U.S. common stocks, building an equity portfolio specifically designed to capture exposure to various investment factors. The process begins with an initial filter that eliminates the most volatile securities from the investment universe. Subsequently, stocks are selected based on an equally weighted composite score derived from three targeted factors: momentum, which identifies companies demonstrating strong recent price performance; quality, focusing on businesses with robust fundamental health; and value, selecting stocks trading at attractive prices relative to their underlying financial metrics. This approach yields a highly diversified portfolio consisting of hundreds of individual holdings, encompassing a broad range of market capitalizations—including large, mid, and small-cap companies—as well as various economic sectors and distinct industry groups, thereby minimizing stock-specific risks. The portfolio undergoes periodic rebalancing to ensure sustained alignment with its intended factor exposures. The primary investment objective is to achieve long-term capital growth. Generally, a minimum of 80% of the fund's assets will be allocated to equity securities issued by U.S. corporations. Specifically, the Value factor is determined using metrics such as book value-to-price, forward earnings-to-price, and operating cash flows-to-price (for non-financial firms). Momentum is assessed via total returns over the T-12 to T-1 month period and the T-7 to T-1 month period, in addition to the intercept from a one-year regression of stock returns against their regional benchmark. For financial companies, the Quality factor is gauged by return on equity and share issuance, while for non-financial companies, it involves return on equity, gross profitability, changes in net operating assets, and leverage. The initial volatility screen systematically removes the 20% most volatile names within each market capitalization tier and applies this equally across all sectors. ### What is the expense ratio of VFMF? Vanguard U.S. Multifactor ETF (VFMF) charges an expense ratio of 0.18%. This is the annual fee deducted from fund assets to cover management and operations. ### How big is VFMF? Vanguard U.S. Multifactor ETF (VFMF) manages $1.10B 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 VFMF actively managed or an index fund? VFMF is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (VFMF's is 0.18%) in exchange for the discretion to over- or under-weight positions. ### When was VFMF launched? Vanguard U.S. Multifactor ETF (VFMF) launched in February 2018 and is managed by Vanguard. ### How has VFMF performed? VFMF'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. ### Does VFMF pay a dividend? Vanguard U.S. Multifactor ETF (VFMF) currently distributes little or no income. Trailing-twelve-month yield is 1.37%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does VFMF pay dividends? Vanguard U.S. Multifactor ETF pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is VFMF's dividend yield? VFMF's trailing-twelve-month yield is 1.37%, calculated from the sum of dividends over the past year divided by the current price. ### When is VFMF's next ex-dividend date? The most recently announced ex-dividend date for VFMF was 2026-09-23. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will VFMF's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.18% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does VFMF charge its expense ratio? The expense ratio is deducted in tiny daily slices from VFMF's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does VFMF cost more than a fund like VOO? VFMF is actively managed (current expense ratio 0.18%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether VFMF's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to VFMF? The Lower-Fee Alternatives card above lists ETFs following the same investment strategy as VFMF (0.18%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/vfmf - Distribution history: https://www.dividenddata.com/funds/vfmf/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vfmf/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vfmf/expenses - Peer comparison: https://www.dividenddata.com/funds/vfmf/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.