Fund Evaluator:

Vanguard Total Stock Mkt Idx Inv Overview

Vanguard Total Stock Mkt Idx Inv (VTSMX) is a passively managed U.S. Equity Large Blend fund. Vanguard launched the fund in 1992.

The investment seeks to track the performance of the CRSP U.S. Total Market Index that measures the investment return of the overall stock market. The fund manager employs an indexing investment approach designed to track the performance of the CRSP U.S. Total Market Index (the “Target Index”), which represents 100% of the investable U.S. stock market, as determined by the index provider. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the stocks that make up the target index.

About Vanguard Total Stock Mkt Idx Inv (VTSMX)

There are 3 members of the management team with an average tenure of 4.97 years: Walter Nejman (2016), Michelle Louie (2023), Nick Birkett (2025). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: CRSP US Total Market TR USD index with a weighting of 100% and DJ US Total Stock Market TR USD index with a weighting of 100%. Vanguard Total Stock Mkt Idx Inv has 3498 securities in its portfolio. The top 10 holdings constitute 34.6% 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 Total Stock Mkt Idx Inv is part of the Equity global asset class and is within the U.S. Equity fund group. Vanguard Total Stock Mkt Idx Inv has 0.6% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.8%. There is 0.6% 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 Total Stock Mkt Idx Inv has 0.4% of the portfolio in cash.

Assets Under Management

The fund has $26 billion in total assets, which is above the $6 billion average for the Large Blend 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.

VTSMX 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 Total Stock Mkt Idx Inv expense ratio is low compared to funds in the Large Blend category. Vanguard Total Stock Mkt Idx Inv has an expense ratio of 0.06%, which is 93% 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 Total Stock Mkt Idx Inv has a portfolio turnover rate of 3%, indicating that holds its assets around 0.3 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.

Recently, in the month of June 2026, Vanguard Total Stock Mkt Idx Inv returned -0.3%, which earned it a grade of C, as the Large Blend category had an average return of -0.2%. 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 Total Stock Mkt Idx Inv has a trailing yield of 0.99%, which is above the 0.56% category average. The fund normally distributes its income quarterly and its capital gains annually.

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 Total Stock Mkt Idx Inv Grades

Year to date, the fund has returned 11.0%, 2.0 percentage points better than the category, which translates into a grade of B. The fund has returned 23.1% over the past year (grade of B), 20.3% over the past three years (grade of B) and 12.1% per year over the past five years (grade of C) and 14.9% per year over the past 10 years (grade of B).

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