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VOT holds 158 stocks, nearly 47% of which hail from the industrial and technology sectors. Financial services and healthcare names combine for almost a third of VOT’s weight. The median market value of VOT components is $15.5 billion.
“Because the fund does not adjust for differences in industry growth rates, it tends to have persistent overweightings in certain sectors like technology and healthcare, and underweightings in others like utilities and financial services,” according to Morningstar. “The mid-cap growth category average has similar sector tilts, but this fund has greater exposure to consumer cyclical stocks and less exposure to the financial-services sector.”
For more information on mid-caps, visit our mid-cap category.