Fund Facts  

Inception Date: Mar 28, 2011
CUSIP: 921932877
Ticker Symbol: VSPMX
Morningstar Category:Mid-Cap Blend
As of Dec 31, 2016
Fund Net Assets ($millions) $1,590

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to track the performance of a benchmark index that measures the investment return of mid-capitalization stocks in the United States.

Principal Investment Strategies  

The fund employs an indexing investment approach designed to track the performance of the S&P MidCap 400® Index. The index measures the performance of mid-capitalization stocks in the United States. The Advisor attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index.

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 Dec 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Vanguard S&P Mid-Cap 400 Idxa7.39%20.66%20.66%8.98%15.26%N/A11.48%
S&P MidCap 400 Indexa,b7.42%20.74%20.74%9.04%15.33%9.16%N/A
Morningstar Mid-Cap Blenda,c5.31%14.14%14.14%5.89%13.32%6.75%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.

Annual Fund Operating Expenses
Total Expensesa0.08%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 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 MidCap 400 Index includes approximately 10% of the capitalization of U.S. equity securities. These are comprised of stocks in the middle capitalization range. Any midcap stocks already included in the S&P 500 are excluded from this index, which started on December 31, 1990.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal–weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 19, 2016Dec 19, 2016$1.151000000
Sep 19, 2016Sep 19, 2016$0.985000000
Jun 20, 2016Jun 20, 2016$0.768000000
Mar 18, 2016Mar 18, 2016$0.526000000
Dec 16, 2015Dec 16, 2015$0.919000000
Sep 18, 2015Sep 18, 2015$1.937000000
Dec 19, 2014Dec 19, 2014$2.570000000
 

Morningstar Information

Morningstar RatingTM   As of Dec 31, 2016
Period Stars Category Size
Overall 4 Stars371
3-Year 5 Stars371
5-Year 4 Stars332
10-Year N/A N/A

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 Dec 31, 2016
Equity Stylebox
Medium Blend
Allocation of Assets As of Nov 30, 2016
Type of Asset Percent
Equity99%
Fixed Income0%
Cash/Other1%

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

 
 

Characteristics

Allocation of Assets As of Nov 30, 2016
Asset ClassPercent
Domestic Stock99.2%
Foreign Stock0.1%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred0.0%
Convertible0.0%
Cash0.7%
Other0.0%

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

 
Equity Sector As of Nov 30, 2016
SectorPercent
Industrials17.1%
Technology15.7%
Financial Services15.3%
Consumer Cyclical12.9%
Real Estate10.6%
Healthcare7.3%
Basic Materials6.2%
Utilities4.6%
Consumer Defensive4.6%
Energy4.5%
Communication Services0.5%

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

 
Top Ten Holdings As of Nov 30, 2016
Holding NamePercent
IDEXX Laboratories Inc0.7%
The WhiteWave Foods Co0.6%
Synopsys Inc0.6%
Raymond James Financial Inc0.6%
Duke Realty Corp0.6%
Everest Re Group Ltd0.5%
Alleghany Corp0.5%
CDK Global Inc0.5%
ResMed Inc0.5%
Steel Dynamics Inc0.5%
 

Statistics

Portfolio Statistics As of Dec 31, 2016
Statistic3-Year5-Year
Beta1.001.00
Alpha0.410.41
Standard Deviation12.3911.97
 
 

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 © 2016 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.