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VBR · Vanguard Morningstar Small-Cap Value ETF

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$240.87
−0.3% · 1 day, price
IQ’s readingComputed nightly from ETFIQ data. Not written live.

VBR tracks an index of Small-Cap Value and returned +17.6% over the past year.

What drove VBR’s returns?Is a 0.05% fee low for a fund like VBR?What does VBR cost to hold and to trade?
Equity fund · Tracks the Morningstar US Small Cap Value IndexVanguard ↗Expense ratio 0.05%Fund assets $35.1bn on Sep 30, 2026First traded Jan 30, 2004Benchmark Its own holdings, as of Sep 30, 2026; no other fund tracks the Morningstar US Small Cap Value Index, the index its prospectus namesFund page at the issuer ↗SEC filings ↗Every Vanguard fund ETFIQ coversDividend history

VBR charges 0.05% a year by its prospectus filed Apr 28, 2026 and returned +17.6% over the year to Oct 28, 2026.

Promise check: Not measuredNo other ETF tracks the index it names, so its tracking cannot be measured.

Compare with…Trading costsPut to the committeeaskIQ about VBRAdd to portfolioOverlapFlowsAlerts

VBR risk and return scorecard

vs its own holdings

Not measured: its benchmark is its own holdings, which has no weekly price series.

Computed by ETFIQ from Tiingo daily prices and ETFIQ's distribution records; risk-free rate: U.S. Treasury, Daily Treasury Bill Rates, 13-week coupon equivalent Method · Data

What you earned

VBR +3.0%: total return over one month to Oct 28, 2026.
VBR+3.0%
VBR −1.3%: total return over three months to Oct 28, 2026.
VBR−1.3%
VBR +6.1%: total return over six months to Oct 28, 2026.
VBR+6.1%
VBR +15.4%: total return over the year to Oct 28, 2026.
VBR+15.4%
VBR +17.6%: total return over one year to Oct 28, 2026.
VBR+17.6%
VBR +71.8%: total return over three years to Oct 28, 2026.
VBR+71.8%
VBR +51.4%: total return over five years to Oct 28, 2026.
VBR+51.4%
VBR +177.1%: total return over ten years to Oct 28, 2026.
VBR+177.1%
VBR +685.3%: total return since launch to Oct 28, 2026.
VBR+685.3%
askIQ: what drove VBR’s returns? ↗

How concentrated, and what does it cost?

Morningstar US Small Cap Value Index
+17.6%
Total return, 1 year
Report
0.05%
Expense ratio
Report
822
Holdings
Report
−3.9%
Below its high
Report
2.1%
12-month yield, capital gains included, on its starting price
Report
$1.03
Last payment (paid quarterly), ex-date Sep 28, 2026
Report
Sector mix
Cost against like funds
askIQ: is a 0.05% fee low for a fund like VBR? ↗

More on VBR

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Price, 1 year

$240.87−0.3%1 day, priceClose, Oct 28, 2026

Price only. Total return over the same days, distributions reinvested, was +17.6%. Computed by ETFIQ from Tiingo daily prices.

Source: Tiingo end-of-day prices. Data as of Oct 28, 2026. Updated every trading night. Report a data error

VBR returns by window: total return, cash paid and price change
WindowTotal returnS&P 500 (SPY)
1M Sep 28 – Oct 28, 2026+3.0%+0.9%
3M Jul 29 – Oct 28, 2026−1.3%+6.1%
6M Apr 29 – Oct 28, 2026+6.1%+9.1%
YTD Dec 31, 2025 – Oct 28, 2026+15.4%+14.1%
1Y Oct 28, 2025 – Oct 28, 2026+17.6%+13.6%
3Y Oct 27, 2023 – Oct 28, 2026+71.8%+95.0%
5Y Oct 29, 2021 – Oct 28, 2026+51.4%+79.8%
10Y Oct 28, 2016 – Oct 28, 2026+177.1%+325.8%
Since launch Jan 30, 2004 – Oct 28, 2026+685.3%+931.2%
Since launch, annualised Jan 30, 2004 – Oct 28, 2026+9.5%–

Total returns, distributions reinvested.

Source: Tiingo end-of-day prices, with distributions reinvested.

Money in and out

Monthly data · as of Jun 30, 2026

VBR’s fund, all share classes together: in the month to Jun 30, 2026, net $82.1m came in, by its SEC filing.

Computed by ETFIQ from the monthly sales and redemptions VBR files with the SEC on Form N-PORT.

How this is computed

ETFIQ reads no daily data for this fund, so its flows are monthly, and the latest month filed is Jun 2026. The filing covers all share classes of the fund, not the ETF alone: Vanguard sells its ETF as one share class of a fund that also has mutual fund shares. Every day and month ETFIQ holds for VBR, back to Jul 2019, is in its flows file. Flows across every fund · How these flows are computed · Compare VBR with other funds in the flows tool

Month by month, money in and money outJul 2023 to Jun 2026

VBR, all share classes of its fund, money in and money out each month from Jul 2023 to Jun 2026: two bars a month, money in above the line and money out below. Every bar is from VBR’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 13 and went out in 23.

Every bar is from VBR’s SEC filings (N-PORT item B.6). Of the 36 months listed, money came in on net in 13 and went out in 23.

MonthInOutNet
Jun 2026 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$2.8bn−$2.8bn+$82.1m
May 2026 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$609m−$676m−$66.4m
Apr 2026 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$439m−$439m+$742k
Mar 2026 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$2.0bn−$2.0bn+$4.3m
Feb 2026 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$503m−$639m−$136m
Jan 2026 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$586m−$1.2bn−$638m
Dec 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$2.2bn−$2.0bn+$176m
Nov 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$277m−$430m−$154m
Oct 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$587m−$759m−$172m
Sep 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.4bn−$1.5bn−$47.9m
Aug 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$247m−$402m−$155m
Jul 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$477m−$519m−$41.2m
Jun 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$2.0bn−$2.2bn−$232m
May 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$246m−$486m−$240m
Apr 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$631m−$783m−$152m
Mar 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.3bn−$2.0bn−$660m
Feb 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$265m−$618m−$352m
Jan 2025 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$485m−$688m−$203m
Dec 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$868m−$360m+$508m
Nov 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$906m−$530m+$376m
Oct 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$402m−$478m−$75.6m
Sep 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.6bn−$1.3bn+$340m
Aug 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$381m−$445m−$63.5m
Jul 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$855m−$677m+$178m
Jun 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.2bn−$1.1bn+$109m
May 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$380m−$599m−$220m
Apr 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$601m−$727m−$126m
Mar 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.5bn−$1.6bn−$76.7m
Feb 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.3bn−$1.0bn+$278m
Jan 2024 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$373m−$653m−$281m
Dec 2023 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.8bn−$1.5bn+$228m
Nov 2023 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$324m−$430m−$106m
Oct 2023 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$339m−$521m−$182m
Sep 2023 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$1.2bn−$1.2bn+$47.7m
Aug 2023 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$355m−$592m−$237m
Jul 2023 SEC Form N-PORT, all share classes of the fund, not the ETF alone+$555m−$451m+$104m

Most recent first.

How this is computed

N-PORT months: money in is sales plus reinvestments; money out is redemptions.

N-PORT months are the filed sales plus reinvestments less redemptions. Later months add up the daily data; the Source column names any missing day.

Source: ETFIQ, from the fund’s SEC N-PORT filings. Data as of Jun 30, 2026. Updated when the fund files its next report.

VBR key stats

52-week high, daily closes to Oct 28, 2026 (ETFIQ)$251.66 on Aug 14, 2026
52-week low, daily closes to Oct 28, 2026 (ETFIQ)$198.88 on Nov 20, 2025
Close on Oct 28, 2026, within that range (ETFIQ)$240.87, 80% of the way from the low to the high
Holdings822
Top ten weight5.9%
P/E ratio (Vanguard, Sep 30, 2026)15.6
Range, beta and R-squared computed by ETFIQ from Tiingo daily prices. P/E as Vanguard states it, under its terms.

Trading

as of Oct 27, 2026
Trading · VBRas of Oct 27, 2026
·
Not scored2 of 6 measured · Oct 27, 2026
0 · Hard to tradeIQ Liquidity Score100 · Trades like a giant
Cost for your order · one way, half its 30-day median spread
$1,000$0.250.025%
$10,000$2.500.025%
Premium or discount to NAV, Oct 27 close+0.04%
−0.1%95% of days within ±0.04% · the 1% band is off this scale+0.1%
How to tradeLimit: midpoint + 7¢ to buy, midpoint − 7¢ to sell.At the Oct 27 close of $241.65, that’s $241.72 to buy and $241.58 to sell.
Full trading page: components, premium history, dealers →

VBR top ten by weight, 5.9% of the fund, of its 822 equity positions, from the holdings filed for Sep 30, 2026. An index fund holds what the index holds, so this is the index. Source: the fund’s SEC filing.

Moderna Inc MRNA 0.79%
Jabil Inc JBL 0.68%
SLCMT1142 not filed 0.62%
Williams-Sonoma Inc WSM 0.61%
Atmos Energy Corp ATO 0.60%
F5 Inc FFIV 0.57%
Smurfit Westrock PLC SW 0.53%
Tapestry Inc TPR 0.52%
Tenet Healthcare Corp THC 0.47%
Viatris Inc VTRS 0.46%
Fund filings on SEC EDGAR ↗See all 822 holdings →Check overlap with another fund →

Source: Vanguard’s month-end holdings file. Data as of Sep 30, 2026. Updated monthly.

About VBR

What it tracksMorningstar US Small Cap Value Index
Fund typeEquity fund
Category (ETFIQ)Stocks · U.S. small-cap value
Expense ratio (485BPOS XBRL, Apr 28, 2026)0.05%
Price$240.87
First tradedJan 30, 2004
Net assets (the issuer’s own number for this ETF, month end, as of Sep 30, 2026)$35.1bnReport
Benchmark (ETFIQ, from its filings)Its own holdings, as of Sep 30, 2026; no other fund tracks the Morningstar US Small Cap Value Index, the index its prospectus names
Below its high (ETFIQ)−3.9%
Holdings822
Top ten weight5.9%
Holdings as of (the issuer’s month-end file)Sep 30, 2026
Already in the S&P 500, by weight (ETFIQ)30.4%
Active share vs the S&P 500 (ETFIQ)97.3%
Already in the Nasdaq-100, by weight (ETFIQ)0.1%
IQ Investment Committee on VBR

12 seats on VBR, as of Oct 28, 2026: 1 Supports, 2 Mixed, 5 Challenges, 4 Not enough data.

In the tradition ofJohn BogleBogle-style Low CostMixed
In the tradition ofBenjamin GrahamGraham-style Margin of SafetyNot enough data
In the tradition ofWarren Buffett & Charlie MungerBuffett & Munger-style QualityChallenges
In the tradition ofPeter LynchLynch-style Growth at a Reasonable PriceNot enough data
In the tradition ofJohn TempletonTempleton-style Global ContrarianNot enough data
In the tradition ofRay DalioDalio-style All-WeatherChallenges
In the tradition ofHoward MarksMarks-style Cycles & RiskChallenges
In the tradition ofStanley DruckenmillerDruckenmiller-style Macro & LiquidityChallenges
In the tradition ofDavid SwensenSwensen-style DiversificationSupports
In the tradition ofCathie WoodWood-style Disruptive InnovationChallenges
In the tradition ofJesse LivermoreLivermore-style Trend FollowingMixed
Uses ETFIQ’s measuresThe ETFIQ SkepticETFIQ’s own seatNot enough data
Put VBR to the committee →See all seats →No investor named is affiliated with or endorses ETFIQ. Not investment advice.

Questions people ask about VBR

How has VBR performed?
Over the year to Oct 28, 2026, VBR returned +17.6% with distributions reinvested. Over three years the number is +71.8%.
What does VBR cost?
The prospectus expense ratio is 0.05% a year.
What does VBR hold?
822 positions as published by its issuer as of Sep 30, 2026, with the top ten at 5.9% of the fund. 30% of its weight is in stocks the S&P 500 also holds.
How far is VBR below its high?
3.9% below its high of Aug 14, 2026, measured on the reinvested series to Oct 28, 2026.
What is the expense ratio of VBR?
VBR's expense ratio is 0.05% a year, read from 485BPOS XBRL, Apr 28, 2026.
Sources and dates
Prices, VBR and S&P 500 (SPY)Tiingo end-of-day · Oct 28, 2026
Fee, 0.05%Prospectus filing with the expense ratio (SEC) ↗
Net assets, $35.1bnThe issuer’s own number for this ETF, month end · Sep 30, 2026
HoldingsHoldings, the issuer’s own month-end file · Sep 30, 2026 ↗
IssuerVanguard page for VBR ↗
All fund filingsFund filings on SEC EDGAR ↗

Links are sources, not endorsements.

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ETFIQ, VBR, stock fund, data as of Oct 28, 2026. https://etfiq.com/funds/vbr

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VBR: VBR over 1 year: total return +17.6%. Data to Oct 28, 2026.
<figure style="margin:0;max-width:640px">
<a href="https://etfiq.com/funds/vbr"><img src="https://etfiq.com/assistant/api/embed/core/vbr.svg" alt="VBR: VBR over 1 year: total return +17.6%. Data to Oct 28, 2026." width="640" style="max-width:100%;height:auto"></a>
<figcaption style="font:13px/1.5 sans-serif">VBR: VBR over 1 year: total return +17.6%. Data to Oct 28, 2026. Data: <a href="https://etfiq.com/funds/vbr">ETFIQ</a></figcaption>
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