Vanguard Mid-Cap Value Index is one of the cheapest funds in the mid-value Morningstar Category. This is an excellent, low-turnover strategy that accurately represents the opportunity set available to its peers. Under our new ratings framework, which places a greater focus on fees, the fund's cheapest share classes warrant a Morningstar Analyst Rating upgrade to Gold from Silver. Owing to its relatively higher fee, the Investor share class retains its Silver rating.
Will VMVAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VMVAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VMVAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VMVAX’s parent organization’s priorities and whether they’re in line with investors’ interests.