Vanguard Small-Cap Index Fund Admiral Shares VSMAX NASDAQ

Vanguard Small-Cap Index Fund Admiral Shares is a low-cost index fund that provides broad exposure to the U.S. small-capitalization equity market by tracking a designated small-cap index. The fund is designed for investors seeking to add small-cap equity allocation to a diversified portfolio. As with small-cap investments, the fund carries elevated volatility risk due to the inherent market characteristics of smaller publicly traded companies. With its low expense ratio and passive management approach, the fund offers an efficient way to gain diversified exposure across the small-cap segment of the U.S. stock market.