VEXRX – Vanguard Explorer Adm Investment Strategy | Morningstar

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Strategy

The investment seeks to provide long-term capital appreciation. The fund employs an active management approach, investing mainly in the stocks of small and mid-size companies and choosing stocks considered by the fund’s advisors to have superior growth potential. It has multiple advisors, each of which independently selects and maintains a portfolio of common stocks for the fund.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VEXPX	Vanguard Explorer Fund Investor Class	No Load	Open			Dec 11, 1967	$1.96B	0.390%	Low	$3,000	−$526.19M
VEXRX	Vanguard Explorer Fund Admiral Shares	Institutional	Open			Nov 12, 2001	$20.48B	0.280%	Low	$50,000	−$1.24B

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