The Vanguard Group is swapping target benchmarks for nine of its funds.

The funds affected include the Mega Cap Growth Index Fund, the Mega Cap Value Index Fund, the Growth Index Fund, the Value Index Fund, the Mid-Cap Growth Index Fund, the Mid-Cap Value Index Fund, the Small-Cap Growth Index Fund, the Small-Cap Value Index Fund and the Developed Markets Index Fund.

The benchmark swaps will also result in changes for some of the funds. The Vanguard Mega Cap 300 Growth Index Fund is renamed Vanguard Mega Cap Growth Index Fund and its two share classes are renamed Mega Cap Growth Index Fund Institutional Shares and Mega Cap Growth ETF. The Vanguard Mega Cap 300 Value Index Fund is renamed Vanguard Mega Cap Value Index Fund and its two share classes are renamed Mega Cap Value Index Institutional Shares and Mega Cap Value ETF.

The benchmark change was previously announced by Vanguard in October 2012 and included a total of 22 funds. To date, 18 of these have been transitioned.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.