VOE: Vanguard Morningstar Mid-Cap Value ETF
Understanding the Vanguard Morningstar Mid-Cap Value ETF (VOE)
The Vanguard Morningstar Mid-Cap Value ETF (ticker: VOE) is designed to invest in mid-sized companies that are considered "value" stocks. Value stocks are generally companies that may be priced lower than what they are actually worth.
What the numbers show
The data shows that VOE has experienced growth in its share price over different time periods.
• Year-to-Date (YTD): The price return is approximately 14.54%. When including distributions, the YTD total return is approximately 16.31%.
• One Year: The one-year price return is approximately 19.84%. The one-year total return is approximately 22.32%.
• Three Years: The three-year price return is approximately 56.61%. The three-year total return is approximately 67.39%.
To put this in perspective, the current price is $203.16. The estimated price from roughly one year ago was approximately $169.53.
It is important to note the difference between price return and total return. Price return only tracks how much the share price changed. Total return includes both the change in share price and the money paid out through distributions.
Income and distribution explanation
VOE provides regular cash payments to investors. The distribution yield is approximately 1.91%. This means the annual cash distributions represent about 1.91% of the current ETF price. The trailing distributions are approximately $3.88 per share.
The fund usually pays these distributions on a quarterly basis, with 4 payments recorded over the last 12 months.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the assets held by the fund). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, regarding price erosion (the decline in the market price of the shares), the fund has an erosion score of 100, which is labeled as "No price erosion detected." There is no severe erosion-risk flag for this ETF.
Top Holdings
The following are the top holdings in the portfolio (note that this is a partial list):
• MARATHON PETROLEUM CORP (1.81%)
• VALERO ENERGY CORP (1.77%)
• PHILLIPS 66 (1.64%)
• SLB LTD (1.49%)
• CUMMINS INC (1.29%)
• GENERAL MOTORS CO (1.29%)
• TARGET CORP (1.21%)
• HEWLETT PACKARD ENTERPRISE CO (1.15%)
Holdings can change over time. This list was updated on October 12, 2026.
Pros
• Strong Returns: The fund has shown positive price and total returns over the one-year and three-year periods.
• Low Erosion Risk: The data indicates no detected price erosion.
Cons
• Moderate Yield: While the fund provides income, a 1.91% yield may be lower than what some income-focused investors seek.
Beginner takeaway
VOE is a mid-cap value ETF that has shown significant price growth over the last three years. It provides quarterly distributions, and its total returns are higher than its price returns because it includes those cash payments.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | MARATHON PETROLEUM CORP | MPC | 1.81% |
| 2 | VALERO ENERGY CORP | VLO | 1.77% |
| 3 | PHILLIPS 66 | PSX | 1.64% |
| 4 | SLB LTD | SLB | 1.49% |
| 5 | CUMMINS INC | CMI | 1.29% |
| 6 | GENERAL MOTORS CO | GM | 1.29% |
| 7 | TARGET CORP | TGT | 1.21% |
| 8 | HEWLETT PACKARD ENTERPRISE CO | HPE | 1.15% |
| 9 | n/a | WBD | 1.13% |
| 10 | ARTHUR J. GALLAGHER & CO | AJG | 1.12% |