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
$ 1.0 B
ASSETS UNDER MGMT
18 bp
EXPENSES
Fund Basics
| Inception date | Feb 13, 2018 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Quarterly |
| Currency | USD |
| Holdings Transparency | Delayed |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| VALERO ENERGY CORP | 1.1 % |
| CONOCOPHILLIPS | 1.0 % |
| EOG RESOURCES, INC. | 1.0 % |
| MARATHON PETROLEUM | 1.0 % |
| ALTRIA GROUP INC | 0.9 % |
| AMGEN INC | 0.9 % |
| MICRON TECHNOLOGY INC | 0.9 % |
| TRAVELERS COS INC/THE | 0.9 % |
| GILEAD SCIENCES INC | 0.8 % |
| NEWMONT MINING CORP | 0.8 % |
Constituent Breakdown
| Number of holdings | 708 |
| Herfindahl-Hirschman Index | 34 |
| Wgt avg mkt cap (mns) | $124,339 |
| Large cap (>$10bn) | 56.3% |
| Mid cap ($2-10bn) | 27.7% |
| Small cap (<$2bn) | 20.4% |
| Developed mkts. | 97.5% |
| Emerging mkts. | 0.1% |
Sector Breakdown
Country Exposure
 |
UNITED STATES | 98.0 % |
 |
BERMUDA | 2.3 % |
 |
IRELAND | 1.5 % |
 |
BRITAIN | 0.7 % |
 |
PUERTO RICO | 0.6 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 18.4% | 23.7% | 17.0% | 20.0% | 12.4% | -- | -- | 10.3% |
| Dividend Yield | 1.4% | 1.9% | 1.9% | 2.0% | 2.1% | -- | -- | 1.9% |
| Total Returns | 19.8% | 25.7% | 18.9% | 22.0% | 14.5% | -- | -- | 12.2% | Ann. Volatility | 12.0% | 12.5% | 16.4% | 16.1% | 17.7% | -- | -- | 20.8% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.72 | 55% |
| MSCI EAFE | 0.55 | 48% |
| MSCI Emg Mkts | 0.27 | 29% |
Liquidity Measures
| Avg. volume (000) | 79 |
| ADV traded (mns) | $14 |
| Turnover | 1.4% |
| Avg. Bid/Ask (% of price) | 0.20% |
Technical Indicators
| 30d moving avg. (EMA) | $185.42 |
| Relative strength (RSI) | 55 |
| MACD/Signal | 1.36/1.29 |
| Bollinger Bands (Upper/Lower) | $190.70/$180.86 |
| Short interest (% of AUM) | 0.7% |
Distributions
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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 | 44.9% | -5 bp | +2.2% |
| VFQY | Vanguard U.S. Quality Factor ETF | 38.3% | -5 bp | -1.9% |
| VFMO | Vanguard U.S. Momentum Factor ETF | 37.3% | -5 bp | -5.5% |
| ROUS | Hartford Multifactor US Equity ETF | 36.2% | +1 bp | -1.1% |
| ONEO | State Street SPDR Russell 1000 Momentum Focus ETF | 35.3% | +2 bp | -0.5% |
| MFUS | PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF | 35.1% | +12 bp | -1.3% |
| DEUS | Xtrackers Russell US Multifactor ETF | 34.5% | -1 bp | -0.5% |
| EBI | Longview Advantage ETF | 34.1% | +16 bp | -0.6% |
| DXUV | Dimensional US Vector Equity ETF | 33.8% | +8 bp | -1.9% |
| STXV | Strive 1000 Value ETF | 33.5% | 0 bp | -0.3% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 11/6/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
8.2%
ALTAR SCORE™
89th
PERCENTILE
SPECULATIVE
ETFRC RATING
There are 1,388 funds in the US Equity category with an average
ALTAR Score™ of 5.7% and a standard deviation
of 2.1%. VFMF's ALTAR Score™ is approximately 1.2 standard
deviations above the category average. This places VFMF in the 89th percentile
among funds in the category.
Sell-Side Consensus
$217.88
PRICE TARGET
+20.1%
UPSIDE