Morningstar

Vanguard Explorer Fund Admiral Shares VEXRX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 124.34  /  +1.60 %
  • Total Assets 23.3B
  • Adj. Expense Ratio
    0.280%
  • Expense Ratio 0.280%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Small Growth
  • Investment Style Small Growth
  • Min. Initial Investment 50,000
  • Status Open
  • TTM Yield 0.47%
  • Turnover 51%

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 12:11 AM GMT+0

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 9.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Mktliq 12/31/2049

1.52 300M
Cash and Equivalents

Vanguard Small-Cap ETF

1.51 299M
—

Comfort Systems USA Inc

1.09 216M
Industrials

Permian Resources Corp Class A

0.99 196M
Energy

Guidewire Software Inc

0.98 194M
Technology

MACOM Technology Solutions Holdings Inc

0.96 189M
Technology

Viper Energy Inc Ordinary Shares - Class A

0.89 176M
Energy

Bloom Energy Corp Class A

0.87 172M
Industrials

BWX Technologies Inc

0.85 169M
Industrials

Wintrust Financial Corp

0.85 167M
Financial Services

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