VMCIX

About VMCIX

Vanguard Mid-Cap Index Fund Institutional Shares is a passively managed mutual fund designed to mirror the performance of the CRSP US Mid Cap Index, which represents a diversified basket of medium-sized U.S. companies. Established in 1998, the fund uses an indexing strategy to invest in all, or nearly all, of the stocks included in its benchmark, maintaining portfolio weights that closely match the index. This approach provides investors with broad exposure to the U.S. mid-cap segment, typically capturing businesses that are mature but still possess meaningful growth potential. The fund holds several hundred securities across sectors, with the top 10 holdings typically constituting less than 10% of total assets, promoting diversification and minimizing company-specific risk. It maintains a low expense ratio, reflecting Vanguard’s focus on cost efficiency, and incurs relatively low portfolio turnover, supporting tax efficiency and stability. With minimal exposure to foreign stocks and cash, the fund maintains a strong domestic equity focus. Vanguard Mid-Cap Index Fund Institutional Shares plays a vital role for institutional investors seeking cost-effective, diversified access to U.S. mid-cap equities as part of a broader portfolio allocation strategy.