Morningstar

Vanguard Explorer Fund Investor Class VEXPX

Morningstar Medalist Rating
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Medalist Rating as of See Vanguard Investment Hub
  • NAV / 1-Day Return$125.04  /  +1.30%
  • Fund Size$21.5B
  • Adjusted Expense Ratio0.390%
  • Net Expense Ratio0.390%
  • Fee Level: DistributionLow
  • Share Class TypeNo Load
  • Morningstar CategorySmall Growth
  • Equity Style Box (Funds)Small Growth
  • Minimum Initial Investment$3,000
  • Investment StatusOpen
  • TTM Yield0.38%
  • Turnover Ratio51%
NAV and 1-Day Return as of

Morningstar’s Analysis VEXPX

Will VEXPX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VEXPX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VEXPX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of VEXPX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Vanguard Explorer Subadvisor Swap Doesn’t Affect Its Ratings.

null Natalia Arrigoni

Natalia Arrigoni

Analyst Note

In June 2026, Vanguard announced it would replace subadvisor ArrowMark with T. Rowe Price on Vanguard Explorer. This marks the first change to the strategy's subadvisor lineup since 2017, but its Morningstar Medalist Ratings—and Above Average People rating—are unchanged.

by Natalia Arrigoni
Published on

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Portfolio Holdings VEXPX

More VEXPX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings8.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
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