Morningstar

Vanguard Explorer Fund Admiral Shares VEXRX

Morningstar Medalist Rating
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Medalist Rating as of See Vanguard Investment Hub
  • NAV / 1-Day Return $121.37  /  +1.04 %
  • Fund Size $21.7B
  • Adjusted Expense Ratio 0.280%
  • Net Expense Ratio 0.280%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Small Growth
  • Equity Style Box (Funds) Small Growth
  • Minimum Initial Investment $50,000
  • Investment Status Open
  • TTM Yield 0.51%
  • Turnover Ratio 51%
NAV and 1-Day Return as of

Morningstar’s Analysis VEXRX

Will VEXRX 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 VEXRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VEXRX 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 VEXRX’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 VEXRX

More VEXRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

MACOM Technology Solutions Holdings Inc

1.32 310M
Technology

Mktliq 12/31/2049

1.24 291M
Cash and Equivalents

Vanguard Morn Small Cap ETF

1.02 239M
—

Lattice Semiconductor Corp

0.95 223M
Technology

RBC Bearings Inc

0.82 193M
Industrials

BWX Technologies Inc

0.79 185M
Industrials

Permian Resources Corp Class A

0.69 161M
Energy

Medpace Holdings Inc

0.67 156M
Healthcare

Guidewire Software Inc

0.66 155M
Technology

Wintrust Financial Corp

0.66 154M
Financial Services

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