VBK

The Vanguard Morningstar Small‑Cap Growth ETF (VBK) invests in equity securities of U.S. companies that fall within the small‑capitalization segment and exhibit growth characteristics, covering a broad mix of sectors such as technology, industrials, health care, consumer discretionary and financials. Its investment approach is passive, seeking to replicate the Morningstar U.S. Small‑Cap Growth Index by fully holding the constituent stocks in proportion to their index weights, which keeps the fund fully invested and aims for low tracking error. This ETF is appropriate for investors who want diversified exposure to U.S. small‑cap growth companies as a long‑term growth component within a broader portfolio, particularly those comfortable with the higher volatility typical of the small‑cap segment.