Vanguard Announces Share Splits for Six Equity ETFs


VALLEY FORGE, PA — Vanguard has announced plans to execute forward share splits for six equity ETFs. The share splits will be effective on March 14, 2023, and will widen access and availability for investors by keeping share prices within efficient trading ranges.

Vanguard periodically and diligently assesses its ETF lineup to determine when and where share splits would most benefit investor outcomes. A number of factors are considered, including ETF market price, bid-ask spread, and trading volume. These six ETFs meet Vanguard’s standards for executing a share split at this time.

The following funds will undergo a 2-for-1 share split:

  • Vanguard S&P Mid-Cap 400 ETF (IVOO)
  • Vanguard S&P Mid-Cap 400 Value ETF (IVOV)
  • Vanguard S&P Mid-Cap 400 Growth ETF (IVOG)
  • Vanguard S&P Small-Cap 600 ETF (VIOO)
  • Vanguard S&P Small-Cap 600 Value ETF (VIOV)
  • Vanguard S&P Small-Cap 600 Growth ETF (VIOG)

All investors who own shares as of the close of trading on March 13, 2023, will have their shares included in the share split. The shares are expected to start trading at the new split-adjusted price beginning March 14. Importantly, forward share splits have no impact on the market value of an investor’s holdings of the ETF nor do they trigger any tax consequences.

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