Vanguard In Massive ETF Rollout

October 19, 2010

On Sept. 9, Vanguard Group realized a long-standing objective with the launch of an S&P 500 ETF amidst a massive expansion of its lineup.

The Vanguard S&P 500 ETF (NYSE Arca: VOO) costs investors 0.06 percent in annual fees, compared with 0.09 percent for both the $68 billion State Street Global Advisors’ SPDR S&P 500 (NYSE Arca: SPY) and the $22 billion iShares S&P 500 Index Fund (NYSE Arca: IVV). Time will tell if VOO is able to poach investors from SPY, the world’s biggest ETF.

Vanguard also launched eight other ETFs based on S&P indexes that together amount to a full canvassing of the U.S. equities investment landscape broken down by large-, mid- and small-cap categories. The funds have the cheapest expense ratios in their categories.

The other S&P-based ETFs, their tickers and prices are:

  • Vanguard S&P 500 Value ETF (NYSE Arca: VOOV), 0.15 percent
  • Vanguard S&P 500 Growth ETF (NYSE Arca: VOOG), 0.15 percent
  • Vanguard S&P Mid-Cap 400 ETF (NYSE Arca: IVOO), 0.20 percent
  • Vanguard S&P Mid-Cap 400 Value ETF (NYSE Arca: IVOV), 0.20 percent
  • Vanguard S&P Mid-Cap 400 Growth ETF (NYSE Arca: IVOG), 0.20 percent
  • Vanguard S&P Small-Cap 600 ETF (NYSE Arca: VIOO), 0.15 percent
  • Vanguard S&P Small-Cap 600 Value ETF (NYSE Arca: VIOV), 0.20 percent
  • Vanguard S&P Small-Cap Growth ETF (NYSE Arca: VIOG), 0.20 percent

Vanguard followed up the S&P launch with another family of ETFs based on Russell indexes a few weeks later. They are:

  • Vanguard Russell 1000 ETF (NasdaqGM: VONE), 0.12 percent
  • Vanguard Russell 1000 Value ETF (NasdaqGM: VONV), 0.15 percent
  • Vanguard Russell 1000 Growth ETF (NasdaqGM: VONG), 0.15 percent
  • Vanguard Russell 2000 Index Fund (NasdaqGM: VTWO), 0.15 percent
  • Vanguard Russell 2000 Value Index Fund (NasdaqGM: VTWV), 0.20 percent
  • Vanguard Russell 2000 Growth Index Fund (NasdaqGM: VTWG), 0.20 percent
  • Vanguard Russell 3000 Index Fund (NasdaqGM: VTHR), 0.15 percent

Vanguard still has a real estate ETF and three municipal bond ETFs in registration that were part of the same group of filings.

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