Vanguard S&P Mid-Cap 400 Growth Index Fund ETF Shares (IVOG)

Overview

The Vanguard S&P Mid-Cap 400 Growth Index Fund ETF Shares (IVOG) seeks to track the performance of the S&P Mid-Cap 400 Growth Index, focusing on U.S. mid-capitalization growth stocks. The fund aims to provide long-term capital appreciation by investing in companies exhibiting growth characteristics.

Reputation and Reliability

Vanguard is a well-established and reputable investment management company known for its low-cost, index-tracking funds.

Management Expertise

Vanguard has extensive experience managing index funds, with a large team of investment professionals overseeing the fund's operations.

Goal

To track the investment results of the S&P Mid-Cap 400 Growth Index.

Investment Approach and Strategy

Strategy: The fund employs a passive management strategy, attempting to replicate the S&P Mid-Cap 400 Growth Index by investing in its component stocks.

Composition Primarily composed of U.S. mid-cap growth stocks across various sectors.

Market Share: IVOG has a considerable market share within the mid-cap growth ETF segment.

Total Net Assets (AUM): 2998374106

Key Competitors

• iShares S&P Mid-Cap 400 Growth ETF (IJK)
• SPDR S&P MidCap 400 Growth ETF (MDYG)
• Invesco S&P MidCap Momentum ETF (XSMO)

Competitive Landscape

The mid-cap growth ETF market is competitive, with several providers offering similar strategies. IVOG benefits from Vanguard's low-cost structure and brand recognition, potentially attracting investors seeking a cost-effective way to access this market segment. However, competitors may differentiate themselves through slightly different index tracking methodologies or factor tilts.

Historical Performance: Historical performance can be found on Vanguard's website and other financial data providers.

Benchmark Comparison: The fund's performance is typically compared to the S&P Mid-Cap 400 Growth Index.

Expense Ratio: 0.07

Average Trading Volume

IVOG typically exhibits moderate to high trading volume, ensuring ease of buying and selling shares.

Bid-Ask Spread

The bid-ask spread is generally tight, reflecting the fund's liquidity.

Market Environment Factors

Economic growth, interest rates, and investor sentiment towards growth stocks significantly influence IVOG's performance. Sector-specific factors also play a crucial role, depending on the fund's sector allocation.

Growth Trajectory

IVOG's growth trajectory is tied to the performance of mid-cap growth stocks and the overall economic cycle. Changes to strategy are unlikely given its passive index-tracking approach.

Competitive Edge

IVOG's competitive advantage stems primarily from Vanguard's reputation for low-cost investing and efficient index tracking. The fund's low expense ratio makes it an attractive option for investors seeking cost-effective exposure to mid-cap growth stocks. Furthermore, Vanguard's scale and brand recognition contribute to its ability to attract and retain assets. IVOGu2019s passive management strategy also provides transparency and predictability.

Volatility

IVOG's volatility is generally comparable to that of the S&P Mid-Cap 400 Growth Index, which can be higher than the broader market due to its focus on growth stocks.

Market Risk

The primary market risk is the potential for decline in mid-cap growth stocks due to economic downturns, interest rate hikes, or changes in investor sentiment.

Ideal Investor Profile

IVOG is suitable for investors seeking long-term capital appreciation through exposure to U.S. mid-cap growth stocks and who are comfortable with moderate levels of risk.

Market Risk

IVOG is best suited for long-term investors and passive index followers.

Vanguard's IVOG offers a low-cost and efficient way to gain exposure to the S&P Mid-Cap 400 Growth Index. Its passive management strategy ensures close tracking of the index, while Vanguard's low expense ratio enhances long-term returns. The fund's performance is tied to the mid-cap growth segment of the U.S. equity market, making it suitable for investors with a long-term investment horizon and a moderate risk tolerance. Investors should understand the inherent risks associated with growth stocks and consider their investment objectives before investing in IVOG.

Data Sources:

• Vanguard
• Morningstar
• Bloomberg

Disclaimers:

The information provided is for informational purposes only and should not be considered investment advice. Market share data is estimated and may not be precise. Past performance is not indicative of future results. Consult with a qualified financial advisor before making any investment decisions.