Fund Evaluator:
Vanguard US Multifactor Admiral™ (VFMFX)
Follow This Fund
Best Performing in Mid-Cap Value Over the Last Year
| 41.4% | Fidelity Value Strategies (FSLSX) |
| 39.3% | Fidelity Advisor Mid Cap Value Z (FIDFX) |
| 39.2% | Fidelity Mid Cap Value (FSMVX) |
| 38.8% | Harbor Mid Cap Value Instl (HAMVX) |
| 38.3% | Harbor Mid Cap Value Investor (HIMVX) |
Fund Details
Vanguard US Multifactor Admiral™ Overview
Vanguard US Multifactor Admiral™ (VFMFX) is an actively managed U.S. Equity Mid-Cap Value fund. Vanguard launched the fund in 2018.
The investment seeks to provide long-term capital appreciation. The fund employs an active management approach, investing primarily in U.S. common stocks with the potential to generate higher returns relative to the broad U.S. equity market by selecting stocks with relatively strong recent performance, strong fundamentals, and low prices relative to fundamentals as determined by the advisor.
About Vanguard US Multifactor Admiral™ (VFMFX)
There are 1 members of the management team with an average tenure of 3.34 years: Scott Rodemer (2023). Management tenure is more important for actively managed funds than passive index funds.
The fund has 1 primary benchmark: Russell 3000 TR USD index with a weighting of 100%. Vanguard US Multifactor Admiral™ has 594 securities in its portfolio. The top 10 holdings constitute 9.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Vanguard US Multifactor Admiral™ is part of the Equity global asset class and is within the U.S. Equity fund group. Vanguard US Multifactor Admiral™ has 2.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 97.1%. There is 2.4% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Vanguard US Multifactor Admiral™ has 0.5% of the portfolio in cash.
Assets Under Management
The fund has $299 million in total assets, which is below the $642 million average for the Mid-Cap Value category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
VFMFX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Vanguard US Multifactor Admiral™ expense ratio is low compared to funds in the Mid-Cap Value category. Vanguard US Multifactor Admiral™ has an expense ratio of 0.18%, which is 83% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Vanguard US Multifactor Admiral™ has a portfolio turnover rate of 87%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 51% for the Mid-Cap Value category.
Recently, in the month of July 2026, Vanguard US Multifactor Admiral™ returned 2.4%, which earned it a grade of B, as the Mid-Cap Value category had an average return of 1.7%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Vanguard US Multifactor Admiral™ has a trailing yield of 1.42%, which is above the 0.87% category average. The fund normally distributes its income quarterly.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Vanguard US Multifactor Admiral™ Grades
Year to date, the fund has returned 21.0%, 5.4 percentage points better than the category, which translates into a grade of A. The fund has returned 35.3% over the past year (grade of A), 20.0% over the past three years (grade of A) and 14.4% per year over the past five years (grade of A).
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VFMFX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| VFMFX Return (NAV) | 2.4% | 8.3% | 35.3% | 20.0% | 14.4% | na |
| VFMFX Grade | B | A | A | A | A | na |
| +/- Category | 0.7% | 2.3% | 12.2% | 6.6% | 5.0% | na |
| Mid-Cap Value Avg | 1.7% | 6.0% | 23.1% | 13.4% | 9.4% | 10.1% |
| VFMFX Tax Cost Ratio | na | na | 0.7% | 0.6% | 0.6% | na |
VFMFX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VFMFX Return (NAV) | 21.0% | 15.1% | 17.2% | 17.9% | -5.8% | 30.8% | 3.6% | 21.8% | na | na | na |
| VFMFX Grade | A | A | A | B | B | B | C | F | na | na | na |
| +/- Category | 5.4% | 5.2% | 5.4% | 4.0% | 2.4% | 3.3% | -0.2% | -4.5% | na | na | na |
| Mid-Cap Value Avg | 15.5% | 9.9% | 11.8% | 13.9% | -8.2% | 27.5% | 3.8% | 26.3% | -13.4% | 14.1% | 17.4% |
| Risk Measures | |
| Standard Deviation: | 14.6% |
| Total Risk Index: | 1.19 - Above Average |
| Category Risk Index: | 0.99 - Above Average |
| Category Risk Grade: | D (61% Rank) |
| Beta: | 0.88 |
| R-Squared: | 62% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.4% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | |
| Total Assets: | $299 Mil |
| Fund Total Assets: | $ 299 Mil |
| Share Class Type: | ADM |
| Portfolio Turnover: | 87% |
Management Team
| Number of Managers: 1 | |||
| Longest Tenure: 3.3 years | |||
| Average Tenure: 3.3 years | |||
| Managers (Year): Rodemer Scott (2023) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 594 |
| % in Top 10 Holdings: | 9.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 2.4% |
Portfolio Allocation |
|
| Domestic Stock: | 97.1% |
| Foreign Stock: | 2.4% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.5% |
Purchase Information
| Fund Family: | Vanguard |
| Phone Number: | 800-662-7447 |
| Website: | www.vanguard.com |
| Status: | Open |
| Inception Date: | February 15, 2018 |
| Min. Initial Purchase: | $50,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.18% ( Rating : Low ) |
| Category Average Expense Ratio (%): | 1.03% |
| Share Class: | Vanguard US Multifactor Admiral™ |
| Min. Subsequent Purchase: | $ 1 |
| Min. Subsequent IRA Purchase: | $ 0 |
