Fund Facts  

Inception Date: Jul 7, 1997
CUSIP: 922908884
Ticker Symbol: VIEIX
Morningstar Category:Mid-Cap Blend
As of Sep 30, 2017
Fund Net Assets ($millions) $59,891

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to track a benchmark index that measures the investment return of small- and mid-capitalization stocks.

Principal Investment Strategies  

The fund employs an indexing investment approach designed to track the performance of S&P Completion Index, a broadly diversified index of stocks of small and mid-size U.S. companies. It invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key characteristics. These characteristics include industry weightings and market capitalization, as well as certain financial measures, such as price/earnings ratio and dividend yield.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Sep 30, 2017
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Vanguard Extended Market Indexa4.97%12.69%19.02%10.47%14.24%8.35%8.78%
S&P Completion Indexa,b4.96%12.66%18.91%10.34%14.11%8.20%N/A
Morningstar Mid-Cap Blenda,c3.57%9.92%15.93%8.00%12.86%6.86%N/A

Fund past performance, as shown, is no guarantee of how the Fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Fund Expensesa
Gross Expenses0.06%
Net Expenses0.06%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2017 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The S&P Completion Index is a sub-index of the S&P Total Market Index, including all stocks eligible for the S&P TMI and excluding all current constituents of the S&P 500.

c. The Morningstar category represents the average return for a category of funds with similar investment objectives and strategies. The average is calculated and funds are assigned to a category by Morningstar.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Sep 19, 2017Sep 19, 2017$0.219000000
Jun 20, 2017Jun 20, 2017$0.215000000
Mar 23, 2017Mar 23, 2017$0.227000000
Dec 21, 2016Dec 21, 2016$0.414000000
Sep 12, 2016Sep 12, 2016$0.234000000
Jun 20, 2016Jun 20, 2016$0.169000000
Mar 18, 2016Mar 18, 2016$0.236000000
Dec 16, 2015Dec 16, 2015$0.304000000
Sep 22, 2015Sep 22, 2015$0.536000000
Mar 24, 2015Mar 24, 2015$0.029000000
Dec 19, 2014Dec 19, 2014$0.877000000
Mar 24, 2014Mar 24, 2014$0.014000000
Dec 23, 2013Dec 23, 2013$0.702000000
Mar 19, 2013Mar 19, 2013$0.018000000
Dec 21, 2012Dec 21, 2012$0.748000000
 

Morningstar Information

Morningstar RatingTM   As of Sep 30, 2017
Period Stars Category Size
Overall 4 Stars354
3-Year 4 Stars354
5-Year 4 Stars321
10-Year 3 Stars215

The Morningstar Rating™ for funds, or “star rating”, is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange–traded funds, closed–end funds, and separate accounts) with at least a three–year history. Exchange–traded funds and open–ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk–Adjusted Return measure that accounts for variation in a managed product′s monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three–, five–, and 10–year (if applicable) Morningstar Rating metrics. The weights are: 100% three–year rating for 36–59 months of total returns, 60% five–year rating⁄40% three–year rating for 60–119 months of total returns, and 50% 10–year rating⁄30% five–year rating⁄20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.

Morningstar Stylebox As of Sep 30, 2017
Equity Stylebox
Small Growth
Allocation of Assets As of Aug 31, 2017
Type of Asset Percent
Equity97%
Fixed Income0%
Cash/Other3%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Aug 31, 2017
Asset ClassPercent
Domestic Stock95.0%
Foreign Stock2.1%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash2.9%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Aug 31, 2017
SectorPercent
Technology16.1%
Financial Services15.1%
Consumer Cyclical13.9%
Industrials13.1%
Healthcare10.5%
Real Estate10.5%
Basic Materials5.5%
Energy3.6%
Consumer Defensive3.5%
Utilities3.1%
Communication Services2.2%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Holdings As of Aug 31, 2017
Holding NamePercent
Tesla Inc1.0%
Liberty Global PLC C0.5%
Las Vegas Sands Corp0.5%
ServiceNow Inc0.4%
T-Mobile US Inc0.4%
Biomarin Pharmaceutical Inc0.3%
First Republic Bank0.3%
Markel Corp0.3%
Workday Inc Class A0.3%
Celanese Corp0.3%
 

Statistics

Portfolio Statistics As of Sep 30, 2017
Statistic3-Year5-Year
Beta1.001.00
Alpha0.110.10
Standard Deviation12.3612.19
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2017 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.