VOE

Vanguard Morningstar Mid‑Cap Value ETF (VOE) invests primarily in U.S. equities, holding a broad set of mid‑capitalization companies that exhibit value characteristics across many sectors such as financials, industrials, consumer discretionary and energy. The fund follows a passive, full‑replication approach to track the CRSP (or Morningstar) U.S. Mid‑Cap Value Index, maintaining roughly the same weightings as the benchmark and staying fully invested in the underlying stocks. Its holdings are concentrated in the United States, with virtually no exposure to non‑U.S. markets, and it offers diversified sector coverage within the mid‑cap value space. VOE may suit long‑term investors who want low‑cost, diversified exposure to the U.S. mid‑cap value segment as a core complement to broader equity portfolios.