What is the difference between expense ratios and total costs?

The expense ratio is the annual fee charged by the fund manager to cover operational costs. For VFMF, this is 0.18%, and for VFMO, it is 0.13%. A lower expense ratio generally means more of your investment remains to compound over time. However, total costs may also include trading costs and bid-ask spreads, which vary depending on where you buy the ETF.

How do mid-cap value and mid-cap blend strategies differ?

Mid-cap value strategies, like VFMF, typically target companies considered undervalued relative to their fundamentals. Mid-cap blend strategies, like VFMO, mix value and growth characteristics or follow specific factors like momentum. The primary difference lies in the selection criteria: one seeks price discounts, while the other seeks performance strength or a balanced profile.

Which fund has a higher dividend yield?

Based on the provided data, VFMF has a dividend yield of 1.33%, while VFMO has a yield of 0.61%. This suggests VFMF generates more income from its holdings relative to its share price. Dividend yields can fluctuate based on share prices and company payout decisions, so this figure is a snapshot rather than a guarantee of future income.

How do the top holdings compare between the two funds?

The top holdings differ significantly, reflecting their strategies. VFMF's largest positions include MU (1.31%), BMY (0.90%), and NEM (0.90%), leaning towards healthcare and industrials. VFMO's top holdings are KLAC (1.24%), AMAT (1.22%), and MU (1.22%), with a strong tilt toward semiconductor and technology hardware companies. Only MU appears in the top ten of both funds.

What does the net asset size indicate for these ETFs?

Net assets represent the total market value of the funds' holdings. VFMO has net assets of $1.9 billion, whereas VFMF has $1.0 billion. Larger funds often benefit from higher liquidity and tighter bid-ask spreads, making them easier to trade. However, smaller funds can sometimes be more agile, though size alone does not determine performance success.

How do I interpret the 'not available' index tracking data?

For both VFMF and VFMO, the specific index tracked is listed as 'not available' in the current dataset. Without this information, investors must rely on the fund category and top holdings to infer the underlying benchmark or strategy. Vanguard typically uses proprietary or third-party indices, so checking the official fund documentation is necessary for precise index details.

What is the impact of the expense ratio difference over time?

The expense ratio difference between VFMF (0.18%) and VFMO (0.13%) is 0.05 percentage points. Over long investment horizons, this small fee disparity can compound. For example, on a $10,000 investment, the annual fee difference is $5. While not substantial in a single year, retaining this amount can contribute to marginal long-term differences in net returns, assuming all other factors remain equal.

What does 'momentum factor' mean in VFMO?

The momentum factor refers to the tendency of stocks that have performed well recently to continue performing well in the near term. VFMO targets companies exhibiting this strength. This strategy is quantitative and rules-based, focusing on relative price performance rather than fundamental valuation metrics like price-to-earnings ratios, which distinguishes it from the value-oriented approach of VFMF.

Are sector weights provided for these funds?

No, the sector weights for both VFMF and VFMO are listed as 'not available' in the provided data. Sector weights help investors understand industry concentration risk. Without this data, you can only estimate sector exposure by looking at the top ten holdings, which may not represent the full portfolio diversity or concentration.

Which fund is more focused on technology and semiconductors?

VFMO appears more concentrated in technology and semiconductors. Its top holdings include KLAC, AMAT, MU, AMD, INTC, LRCX, WDC, SNDK, and MRVL, all of which are primarily semiconductor or tech hardware companies. VFMF's top holdings are more diversified across healthcare, materials, and consumer staples, with only MU representing significant tech exposure.

How does inception date affect fund history?

Both VFMF and VFMO were launched on 13 February 2018. Having the same inception date means they have identical historical performance data available for comparison. This allows for an apples-to-apples comparison of their returns and volatility since their launch, as neither fund has a longer track record than the other.

VFMF vs VFMO

Two funds, one decision: we compare cost, performance and what each ETF actually holds in September 2026.

Compare VFMF and VFMO, examining expense ratios, dividend yields and top holdings. VFMF is a Vanguard Wellington Fund US Multifactor ETF (Mid-Cap Value) at 0.18%, while VFMO is a Vanguard U.S. Momentum Factor ETF (Mid-Cap Blend) at 0.13%. This page reviews fees, assets and strategy to illustrate their market approaches. Educational content, not financial advice.

Fund Snapshot

Key Fund Metrics

VFMF

Metric

VFMO

0.18%

Expense Ratio

0.13%

1.33%

Dividend Yield

0.61%

$1.00B

Net Assets

$1.92B

609

Holdings

673

Feb 13, 2018

Inception Date

Feb 13, 2018

–

Index Tracked

–

Mid-Cap Value

Fund Category

Mid-Cap Blend

VFMO costs about $5.00 less per year for every $10,000 invested.

Shared Top Holdings

Holding	VFMF	VFMO
MUMicron Technology, Inc.	1.31%	1.22%

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SPMO vs VFMO

Compare SPMO and VFMO on fees, holdings, dividends, and tracking. Both charge a 0.13 expense ratio. Analyse top stocks like MU, AMD, LRCX and INTC.

MTUM vs VFMO

Compare MTUM and VFMO ETFs by fees, holdings, dividends and tracking. MTUM costs 0.15%, VFMO 0.13%, with five shared top holdings and yield details.

Investment Analysis

VFMF

Pros

The fund holds substantial assets, indicating stability for investors.
It provides moderate dividend yield, offering some income generation.
The expense ratio is lower than the category average.

Considerations

Higher expense ratio than the momentum fund.
Dividend yield is modest for a value-oriented fund.
The fund is smaller in size, potentially less liquid.

VFMO

Pros

The fund has the lowest expense ratio, reducing costs.
It has substantial assets under management, indicating scale.
The dividend yield is lower, but this may suit growth-focused portfolios.

Considerations

The fund has a relatively high expense ratio for Vanguard.
The dividend yield is notably low, offering less income.
The sector weights and index are not available, limiting transparency.

About VFMF and VFMO

VFMF (VFMF)

The Vanguard Wellington Fund US Multifactor ETF is designed for investors seeking exposure to mid-cap value stocks in the US market. Launched in February 2018, this ETF holds a diverse basket of 609 companies, allowing for broad participation in this specific market segment. By employing a multifactor approach, the fund aims to capture potential premium returns associated with factors such as value, profitability, and size, while attempting to minimise risk. Investors gain exposure to established companies that are often undervalued by the broader market, providing a unique opportunity to diversify a portfolio beyond standard market-cap weighted indexes. The fund has a modest expense ratio of 0.18% and net assets of approximately USD 1.00 billion. It also provides a dividend yield of 1.33%. However, investors should remember that capital values can fall as well as rise, and past performance is not a reliable indicator of future results.

VFMO (VFMO)

The Vanguard U.S. Momentum Factor ETF (VFMO) is a fund designed to capture the momentum factor within the U.S. equity market. Momentum is an investment style that seeks to hold securities with high short- and long-term price performance, assuming that winners tend to continue outperforming. This fund provides diversified exposure through approximately 673 holdings, primarily focused on mid-cap blend equities. With a competitive expense ratio of 0.13% and net assets of USD 1.92 billion, it offers a low-cost avenue for investors interested in this specific factor strategy. Launched in February 2018, the fund pays a dividend yield of 0.61%. As with any investment, values can fluctuate, and past performance is not indicative of future results.

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VFMF vs VFMO

Fund Snapshot

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SPMO vs VFMO

MTUM vs VFMO

Investment Analysis

VFMF

Pros

Considerations

VFMO

Pros

Considerations

About VFMF and VFMO

Buy VFMF or VFMO in Nemo

Zero Commission

Trusted & Regulated

6% Interest on Cash

Frequently asked questions

What is the difference between expense ratios and total costs?

How do mid-cap value and mid-cap blend strategies differ?

Which fund has a higher dividend yield?

How do the top holdings compare between the two funds?

What does the net asset size indicate for these ETFs?

How do I interpret the 'not available' index tracking data?

What is the impact of the expense ratio difference over time?

What does 'momentum factor' mean in VFMO?

Are sector weights provided for these funds?

Which fund is more focused on technology and semiconductors?

How does inception date affect fund history?

Fund Snapshot

About VFMF and VFMO

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SPMO vs VFMO

MTUM vs VFMO