VIVAX — Vanguard Value Index Fund, Investor Shares
Data updated: 2026-08-28
VIVAX — Vanguard Value Index Fund, Investor Shares. 0.17% expense ratio · no sales load · since 1992. Holdings, fees, performance and SEC filings.
VIVAX Fund Overview
VIVAX — Vanguard Value Index Fund, Investor Shares is a US mutual fund managed by The Vanguard Group, Inc., categorised as US Large Value. VIVAX tracks the CRSP US Large Cap Value Index. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund (index fund)
- Adviser: The Vanguard Group, Inc.
- Trust: Vanguard Index Funds
- Category: US Large Value
- Benchmark: CRSP US Large Cap Value Index
- Inception date: November 2, 1992
- Assets under management: $254.48B
- 1-year return: 25.8%
- Ticker: VIVAX
- SEC CIK: 0000036405
- SEC series ID: S000002840
- Share class ID: C000007775
- CUSIP: 922908405
- ISIN: US9229084058
- FIGI: BBG000BHT2H5
- LEI: HH8Q33B0J5YWPPIGZP55
About VIVAX
Vanguard Value Index Fund (VIVAX) seeks to track the performance of a benchmark index measuring the investment return of large-capitalization value stocks. It employs an indexing approach, normally investing at least 80% of its net assets in the stocks that make up the CRSP US Large Cap Value Index, a broadly diversified index of value stocks of large U.S. companies. Its Investor Shares, launched November 2, 1992, cost 0.17% a year and returned 25.8% in the 12 months to June 30, 2026, based on monthly returns reported to the SEC on Form N-PORT, with 9.5% volatility.
VIVAX Holdings
Top 10 holdings of Vanguard Value Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Micron Technology Inc | 4.87% |
| JPMorgan Chase & Co | 3.06% |
| Berkshire Hathaway Inc | 2.95% |
| Johnson & Johnson | 2.29% |
| Exxon Mobil Corp | 2.12% |
| Walmart Inc | 1.86% |
| Caterpillar Inc | 1.83% |
| AbbVie Inc | 1.66% |
| Cisco Systems Inc | 1.56% |
| UnitedHealth Group Inc | 1.41% |
VIVAX Portfolio Allocation
Asset-class allocation of Vanguard Value Index Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.5% |
| Cash & Equivalents | 0.8% |
VIVAX Performance
Total returns for VIVAX through June 2026, from SEC filings.
| Period | Total return |
|---|---|
| YTD | 15.28% |
| 1 year | 25.75% |
| 3 years (annualised) | 17.85% |
| 5 years (annualised) | 12.16% |
VIVAX Risk Information
Risk metrics for VIVAX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 9.52%
VIVAX Costs and Fees
VIVAX costs about $17 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.17%
- Gross expense ratio: 0.17%
- Portfolio turnover: 8%
- Brokerage commissions: 0.08 bps of average net assets (SEC N-CEN)
VIVAX Cashflows
Over the 12 months to 2026-06, Vanguard Value Index Fund had net inflows of $12.77B, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $2.36B |
| 2026-05 | $1.28B |
| 2026-04 | $54.50M |
| 2026-03 | $38.91M |
| 2026-02 | $2.48B |
| 2026-01 | −$381.11M |
VIVAX Debt Constituents
No individual debt constituents are reported in Vanguard Value Index Fund's latest SEC N-PORT filing.
VIVAX Prospectus and SEC Filings
Official Vanguard Value Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-28
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus (497) — filed 2026-02-02
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-13
VIVAX Service Providers
Firms that manage, distribute, hold, administer and audit Vanguard Value Index Fund, as reported on SEC Form N-CEN, fiscal year ending December 31, 2025.
- Adviser: The Vanguard Group, Inc.
- Distributor: Vanguard Marketing Corp.
- Custodian: The Bank of New York Mellon
- Transfer agent: The Vanguard Group, Inc.
- Administrator: The Vanguard Group, Inc.
- Auditor: Pricewaterhousecoopers Llp
- Securities lending agent: The Vanguard Group, Inc.
Related Funds
Other US Large Value funds tracked on ABC INVEST:
VIVAX: Frequently Asked Questions
What is the expense ratio of Vanguard Value Index Fund (VIVAX)?
VIVAX has a net expense ratio of 0.17%, about $17 a year for every $10,000 invested. VIVAX fees and costs
Does VIVAX charge a sales load?
No. This share class (VIVAX) charges no sales load.
What index does VIVAX track?
VIVAX is an index fund that tracks the CRSP US Large Cap Value Index.
What are VIVAX's top holdings?
As of June 30, 2026, VIVAX held 326 positions. The largest are Micron Technology Inc (4.87%), JPMorgan Chase & Co (3.06%), Berkshire Hathaway Inc (2.95%), Johnson & Johnson (2.29%) and Exxon Mobil Corp (2.12%). All VIVAX holdings
Can I download the full list of VIVAX holdings?
Yes. The complete VIVAX holdings list as of June 30, 2026 can be downloaded as a CSV file from the Holdings page: holding, ticker, FIGI, sector, country, asset type, shares, value and share of net assets, from the fund's SEC N-PORT filing. Download VIVAX holdings (CSV)
How has Vanguard Value Index Fund performed?
VIVAX returned +25.8% over the 12 months to June 2026, +17.8% a year over 3 years and +12.2% a year over 5 years. VIVAX performance and risk
How large is VIVAX?
VIVAX manages $254.48B (SEC N-PORT, June 2026). Investors added a net $12.77B over the past 12 months.
Who manages VIVAX and when did it launch?
VIVAX is managed by The Vanguard Group, Inc.. It is a series of Vanguard Index Funds. It launched on November 2, 1992.
How does VIVAX compare with similar US Large Value funds?
Among 272 US Large Value funds with $100M+ in assets, VIVAX ranks #43 of 272 on net expense ratio (0.17%) and is the largest by assets. The lowest-cost fund in the group is T. Rowe Price Value Fund, Inc. (TRZAX, 0.00%). Compare VIVAX with TRZAX
Where can I find VIVAX's prospectus and SEC filings?
VIVAX's latest prospectus (485BPOS) was filed April 28, 2026 and its latest N-PORT holdings report was filed August 28, 2026. All 53 filings are linked on ABC INVEST and on SEC EDGAR (series S000002840). VIVAX SEC filings
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, and annual data from Form N-CEN.
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.