VFMF
Vanguard U.S. Multifactor ETF
VFMF is an actively managed fund that invests in US equities exhibiting value, momentum, quality, and low volatility factors. The fund seeks long-term capital appreciation.
US
EQUITY
Active
MANAGEMENT STYLE
310.7 M
ASSETS UNDER MGMT
18 bp
EXPENSES
Fund Basics
Fund sponsor | Vanguard |
Category | US |
Asset class | Equity |
Website | link... |
Inception date | Feb 13, 2018 |
Assets (mns) | $311 |
Expense ratio | 18 bp |
Currency | USD |
Sector Breakdown
Fund Structure
Regulation | Open-Ended Fund |
Distributions | Quarterly |
Taxation | 1099 |
Stock selection | Proprietary |
Weighting | Proprietary |
Holdings Transparency | Delayed |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
ALPHABET INC. CLASS C | 1.4 % |
MCKESSON CORP | 1.1 % |
AFLAC INC | 1.1 % |
ABBVIE INC | 1.1 % |
MGIC INVESTMENT CORP | 1.1 % |
PULTE HOMES INC | 1.0 % |
AMERICAN INTERNATIONAL GROUP | 1.0 % |
APOLLO GLOBAL MANAGEMENT INC. | 1.0 % |
MARATHON PETROLEUM | 1.0 % |
APPLIED MATERIALS INC | 1.0 % |
Constituent Breakdown
Number of holdings | 503 |
Herfindahl-Hirschman Index | 43 |
Wgt avg mkt cap (mns) | $124,442 |
Large cap (>$10bn) | 54.3% |
Mid cap ($2-10bn) | 30.9% |
Small cap (<$2bn) | 14.6% |
Developed mkts. | 99.9% |
Emerging mkts. | 0.1% |
Country Exposure
UNITED STATES | 95.0 % | |
PUERTO RICO | 2.1 % | |
BERMUDA | 1.3 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 24.1% | 34.7% | 18.3% | 13.2% | 14.3% | -- | 11.4% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.96 | 75% |
MSCI EAFE | 0.89 | 63% |
MSCI Emg Mkts | 0.55 | 24% |
Liquidity Measures
Avg. volume (000) | 11 |
Turnover | 0.5% |
Avg. Bid/Ask (% of price) | 0.20% |
ADV of underlying (mns) | $110,484 |
Technical Indicators
Recent close | $131.37 |
30d moving avg. | $138.53 |
Annualized volatility | 19.5% |
Relative strength (RSI) | 51 |
Short interest (ETF) | 1.3% |
Short interest (underlying) | 3.4% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
Ticker | Fund Name | Overlap vs. VFMF |
Expenses vs. VFMF |
ALTAR Score™ vs. VFMF |
---|---|---|---|---|
VFVA | Vanguard U.S. Value Factor ETF | 37.0% | -5 bp | +1.6% |
AVLV | Avantis U.S. Large Cap Value ETF | 32.8% | -3 bp | -1.5% |
VFQY | Vanguard U.S. Quality Factor ETF | 32.5% | -5 bp | -1.3% |
ROUS | Hartford Multifactor US Equity ETF | 31.7% | +1 bp | -2.1% |
VFMO | Vanguard U.S. Momentum Factor ETF | 31.5% | -5 bp | -6.7% |
AVUS | Avantis U.S. Equity ETF | 31.1% | -3 bp | -3.2% |
MFUS | PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 30.6% | +11 bp | -2.4% |
AVSU | Avantis Responsible U.S. Equity ETF | 29.1% | -3 bp | -2.8% |
FAB | First Trust Multi Cap Value AlphaDEX Fund | 28.3% | +49 bp | +0.2% |
AVUV | Avantis U.S. Small Cap Value ETF | 27.5% | +7 bp | +0.5% |
Risk and Returns: VFMF vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
---|---|---|---|---|---|---|---|---|
Sales per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- | |
Book value per share | -- | -- | -- | -- | -- | -- | -- | |
change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
2023 | 2024E | Fwd Est | 2025E | |
Price-to-sales | --x | --x | --x | --x |
Price-to-earnings | --x | --x | --x | --x |
Price-to-cash flow | --x | --x | --x | --x |
Price-to-growth | --x | --x | --x | --x |
Price-to-book value | --x | --x | --x | --x |
Yield | --% | --% | --x | --% |
Based on closing prices from 12/20/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
VFMF
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
ALTAR Score™
VFMF
8.9%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 977 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. VFMF's ALTAR Score™ is approximately
1.3 standard deviations
above
the category average. This places VFMF in the 90th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
VFMFSELL
U/W
HOLD
O/W
BUY
Expense Analysis
Peer Group | Active US Equity ETFs |
# of ETFs | 308 |
Avg. Expense Ratio | 67.1 bp |
Std. Deviation | 37 bp |
VFMF (18 bp) Percentile rank | 10 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
VFMF | 18.0 | 20.3 | 38.3 |
Peer Avg. | 44.4 | 19.4 | 63.7 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .