Large Blend

Summary

The investment seeks to track the performance of the CRSP US Total Market Index that measures the investment return of the overall stock market.
Fund Assets (millions) $2,088,924.6
Portfolio Managers 3
Fund Inception Apr 27, 1992
Gross Expense Ratio 0.02%
Fund Family Vanguard
Prospectus (PDF)

Returns at NAV

Returns at MOP

Asset Mix

U.S. Stocks 98.75%
Non-U.S. Stocks 0.59%
U.S. Bonds 0.00%
Non-U.S. Bonds 0.00%
Convertible 0.00%
Preferred 0.00%
Other 0.17%
Cash 0.49%
As of 2/28/2026
Read important information about results and other investment disclosures
This chart tracks a hypothetical investment, with dividends reinvested, through February 28, 2026
VSMPX
S&P 500 TR USD

Market Capitalization

$0.0 Mil
Average

Giant
40.9%
Large
31.1%
Medium
19.4%
Small
6.4%
Micro
2.2%

As of 2/28/2026

Morningstar Ownership ZoneTM

Large Blend
Weighted average of holdings
75% of fund's stock holdings
As of 2/28/26
INSIGHTS ON THE MORNINGSTAR OWNERSHIP ZONE

Investment Strategy

The fund employs an indexing investment approach designed to track the performance of the index, which represents approximately 100% of the investable U.S. stock market and includes large-, mid-, small-, and micro-cap stocks regularly traded on the New York Stock Exchange and Nasdaq. It invests by sampling the index, meaning that it holds a broadly diversified collection of securities that, in the aggregate, approximates the full index in terms of key characteristics. The fund is non-diversified.

Fund Facts

Fund Inception Apr 27, 1992
Fund Assets (Millions) $2,088,924.6
Dividend Distribution Frequency Quarterly
Minimum Investment $100,000,000
Capital Gains Distribution Frequency --
Turnover 3%
Fiscal Year-End Dec
Prospectus Date Apr 29, 2025

Returns

Month-End Returns as of 2/28/26

Returns at NAV
| at MOP
Read important information about results and other investment disclosures
VSMPX
S&P 500 TR USD
ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/25

Yield & Valuation

12-Month Distribution Rates (NAV)
1.12%
30-Day SEC Yield (Gross | Net) 1.11% | 1.11%
Price/Book 4.05
Price/Cash Flow 13.92
Price/Earnings 21.69
As of 2/28/2026

Portfolio Management

Read important investment disclosures
Years of Experience With Fund
Walter Nejman 9 yrs
Michelle Louie 3 yrs
Nick Birkett 1 yrs
As of 2/28/2026

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(1208)
3-yr. Morningstar RatingTM
(1208 funds rated)
5-yr. Morningstar RatingTM
(1120 funds rated)
10-yr. Morningstar RatingTM
(880 funds rated)
Overall Morningstar Risk Above Average
HIGH
LOW
Morningstar Category
Large Blend
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 2/28/2026.

Risk Measures

Fund
Standard Deviation
15.49
Sharpe Ratio
0.84
R-squared
99
Beta
1.03
Capture Ratio (Downside/Upside)
103/100
American Funds and Morningstar Benchmark for the 10 Years Years ending 2/28/26 R-squared, Beta and Capture Ratio calculated using the S&P 500 TR USD.

Holdings

Equities Breakdown

Sectors
Equity Fund Holdings
 Technology 31.1%
Financial Services 12.4%
Healthcare 10.4%
Industrials 10.2%
Consumer Cyclical 10.1%
Communication Services 9.9%
Consumer Defensive 5.1%
Energy 3.6%
Real Estate 2.5%
Utilities 2.5%
Basic Materials 2.2%

Percentage of net assets as of 2/28/2026

Top 10 Holdings

NVIDIA Corp
6.2%
Apple Inc
5.9%
Microsoft Corp
4.4%
Amazon.com Inc
3.0%
Alphabet Inc Class A
2.7%
Broadcom Inc
2.3%
Alphabet Inc Class C
2.2%
Meta Platforms Inc Class A
2.1%
Tesla Inc
1.7%
Berkshire Hathaway Inc Class B
1.4%

Percentage of net assets as of 2/28/2026

Geographic Breakdown

Regions | Top Countries
Americas
99.5%
Greater Europe
0.3%
Greater Asia
0.1%
Percentage of net assets as of 2/28/2026

Fees & Expenses

Fees

Annual Management Fees 0.02%
Service 12b-1 --
Maximum Sales Charge --
As of each fund's most recent prospectus.

Expense Ratio

Gross
VSMPX 0.02%
Morningstar Category: Large Blend 0.80%
Fund as of most recent prospectus. Morningstar Category as of 2/28/26.