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
326.8 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) | $327 |
| 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) | $123,081 |
| Large cap (>$10bn) | 54.0% |
| Mid cap ($2-10bn) | 29.6% |
| Small cap (<$2bn) | 16.3% |
| 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 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 14.3% | 33.6% | 16.3% | 9.5% | 13.2% | -- | 10.2% | Volatility | -- | -- | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.95 | 75% |
| MSCI EAFE | 0.88 | 67% |
| MSCI Emg Mkts | 0.58 | 28% |
Liquidity Measures
| Avg. volume (000) | 10 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.20% |
| ADV of underlying (mns) | $137,913 |
Technical Indicators
| Recent close | $139.64 |
| 30d moving avg. | $130.79 |
| Annualized volatility | 19.0% |
| Relative strength (RSI) | 51 |
| Short interest (ETF) | 1.1% |
| 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 | +1.4% |
| AVLV | Avantis U.S. Large Cap Value ETF | 32.8% | -3 bp | -1.3% |
| VFQY | Vanguard U.S. Quality Factor ETF | 32.5% | -5 bp | -1.0% |
| ROUS | Hartford Multifactor US Equity ETF | 31.7% | +1 bp | -1.9% |
| VFMO | Vanguard U.S. Momentum Factor ETF | 31.5% | -5 bp | -6.3% |
| AVUS | Avantis U.S. Equity ETF | 31.1% | -3 bp | -2.8% |
| MFUS | PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 30.6% | +11 bp | -2.1% |
| AVSU | Avantis Responsible U.S. Equity ETF | 29.1% | -3 bp | -2.3% |
| FAB | First Trust Multi Cap Value AlphaDEX Fund | 28.5% | +49 bp | 0.0% |
| AVUV | Avantis U.S. Small Cap Value ETF | 27.5% | +7 bp | +0.2% |
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 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
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
8.3%
Cat. Avg
5.3%
ALTAR Score™ Calculation
Category Overview
There are 973 funds in the US Equity category, with an average ALTAR Score™
of 5.3% and a standard deviation of
2.4%. 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. | 42.5 | 19.0 | 61.4 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .