VEXMX – Fund Analysis – Vanguard Extended Market Index Investor | Morningstar

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Will VEXMX outperform in the future?

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Process Pillar

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

The People Pillar is our evaluation of the VEXMX 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 VEXMX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Holds the entire stock market, minus the S&P 500.

Senior Associate Analyst Brendan McCann

Brendan McCann

Senior Associate Analyst

Summary

Vanguard Extended Market is a misfit in the mid-cap blend Morningstar Category, but it pairs well with a fund that tracks the S&P 500 to replicate the entire US stock market.

by Brendan McCann

Rated on Jul 24, 2026 Published on Jul 24, 2026

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