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VHCOX Vanguard Capital Opportunity Inv

  • Fund
  • VHCOX
  • Price as of: Aug 08, 2016
  • $53.80
  • - $0.16
  • - 0.30%
  • Category
  • Large Cap Growth Equities

VHCOX - Profile

Vitals

  • YTD Return 4.7%
  • 3 Yr Annualized Return 12.1%
  • 5 Yr Annualized Return 15.1%
  • Net Assets $13.5 B
  • Holdings in Top 10 33.9%

52 WEEK LOW AND HIGH

$53.80
$43.36
$54.73

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.45%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 7.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2013-12-09

STANDARD (TAXABLE)

$3,000

IRA

$3,000

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 4.7%
  • 3 Yr Annualized Total Return 12.1%
  • 5 Yr Annualized Total Return 15.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.65%
DIVIDENDS
  • Dividend Yield 0.1%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Vanguard Capital Opportunity Fund
  • Fund Family Name Vanguard
  • Inception Date Aug 14, 1995
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager M. Mohsin Ansari

Fund Description

The Vanguard Capital Opportunity Fund Investor Shares (VHCOX) is an actively managed fund that targets small-, mid- and large-cap stocks within the U.S. equity markets. VHCOX follows a style of investing known as GARP, which looks at growth stocks trading for decent prices. Growth and value are mixed together in one stock. The fund has no sector requirements and is allowed to be very concentrated on both of those fronts.

VHCOX’s aggressive stance makes the fund a tactical position in a broader equity portfolio. The fund is managed by PRIMECAP Management Company.

VHCOX - Performance

Return Ranking - Trailing

Period VHCOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.7% -97.0% 17.4% 28.81% 2
1 Yr 1.7% -28.3% 24.3% 35.88% 2
3 Yr 12.1% * 0.2% 17.7% 19.62% 1
5 Yr 15.1% * 1.6% 16.2% 1.27% 1
10 Yr 10.1% * 0.4% 13.1% 6.75% 1

* Annualized


Return Ranking - Calendar

Period VHCOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.5% -38.0% 13.6% 41.02% 3
2014 N/A -0.7% 12.3% N/A N/A
2013 N/A 23.9% 43.4% N/A N/A
2012 N/A 10.8% 19.6% N/A N/A
2011 N/A -12.1% 12.5% N/A N/A

Total Return Ranking - Trailing

Period VHCOX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 4.7% -97.0% 13.2% 28.49% 2
1 Yr 1.7% -28.3% 22.0% 28.62% 2
3 Yr 12.1% * -1.0% 17.7% 16.65% 1
5 Yr 15.1% * 0.4% 16.2% 1.12% 1
10 Yr 10.1% * -0.1% 13.1% 6.07% 1

* Annualized


Total Return Ranking - Calendar

Period VHCOX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -2.5% -38.0% 17.4% 41.08% 3
2014 N/A -0.7% 13.1% N/A N/A
2013 N/A 32.4% 62.9% N/A N/A
2012 N/A 15.7% 23.1% N/A N/A
2011 N/A -14.3% 13.3% N/A N/A

NAV & Total Return History

VHCOX - Holdings

Filings data as of: Mar 31, 2016

Concentration Analysis

VHCOX Category Low Category High VHCOX % Rank Quintile
Net Assets 13.5 B 373 K 146 B 1.22% 1
Number of Holdings 140 1 2190 5.21% 1
Net Assets in Top 10 4.43 B 0 33.1 B 1.29% 1
Weighting of Top 10 33.9% 0.0% 150.9% 15.17% 3

Top 10 Holdings

  1. Biogen Inc 5.36%
  2. Amgen Inc 5.18%
  3. Eli Lilly and Co 4.10%
  4. Roche Holding AG Dividend Right Cert. 2.87%
  5. FedEx Corp 2.86%
  6. Southwest Airlines Co 3.75%
  7. Biomarin Pharmaceutical Inc 2.93%
  8. Adobe Systems Inc 2.70%
  9. Texas Instruments Inc 2.16%
  10. Microsoft Corp 2.01%

Asset Allocation

Weighting Category Low Category High VHCOX % Rank Quintile
Stocks
96.84% 0.00% 109.00% 12.98% 4
Cash
3.16% -9.00% 100.00% 8.61% 2
Other
0.00% -1.32% 24.55% 6.88% 3
Convertible Bonds
0.00% 0.00% 2.81% 0.84% 1
Preferred Stocks
0.00% 0.00% 4.61% 2.31% 1
Bonds
0.00% 0.00% 76.29% 2.89% 1

Stock Sector Breakdown

Weighting Category Low Category High VHCOX % Rank Quintile
Healthcare
30.43% -1.03% 98.63% 0.51% 1
Technology
29.99% -1.29% 52.19% 5.66% 1
Industrials
17.63% -0.37% 29.48% 1.80% 1
Consumer Cyclical
11.14% -2.22% 41.71% 23.20% 5
Financial Services
4.35% -2.38% 40.17% 25.77% 5
Basic Materials
1.56% -1.18% 12.09% 15.55% 4
Communication Services
1.19% 0.00% 12.93% 18.57% 5
Energy
0.53% -2.01% 16.80% 19.99% 4
Consumer Defense
0.03% -1.43% 30.67% 26.22% 5
Real Estate
0.00% 0.00% 11.43% 13.95% 4
Utilities
0.00% -0.18% 16.29% 8.35% 2

Stock Geographic Breakdown

Weighting Category Low Category High VHCOX % Rank Quintile
US
84.23% 0.00% 109.00% 24.10% 5
Non US
12.61% -0.01% 91.03% 3.08% 1

VHCOX - Expenses

Operational Fees

VHCOX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.45% 0.00% 24.91% 15.82% 1
Management Fee 0.43% 0.00% 1.50% 3.98% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 1.00% N/A N/A

Sales Fees

VHCOX Fees (% of AUM) Category Low Category High VHCOX Rank Quintile
Front Load N/A 1.50% 8.50% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

VHCOX Fees (% of AUM) Category Low Category High VHCOX Rank Quintile
Max Redemption Fee N/A 0.05% 5.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VHCOX Fees (% of AUM) Category Low Category High VHCOX Rank Quintile
Turnover 7.00% 0.00% 437.00% 14.02% 1

VHCOX - Distributions

Dividend Yield Analysis

VHCOX Category Low Category High VHCOX % Rank Quintile
Dividend Yield 0.1% 0.00% 2.85% 46.25% 3

Dividend Distribution Analysis

VHCOX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

VHCOX Category Low Category High VHCOX % Rank Quintile
Net Income Ratio 0.65% -5.94% 3.70% 6.05% 1

Capital Gain Distribution Analysis

VHCOX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

VHCOX - Managers

M. Mohsin Ansari

Manager

Start Date

Dec 31, 2007

Tenure

8.59

Tenure Rank

4.7%

Mr. Ansari joined PRIMECAP Management Company in July 2000. From 1994 to 1998, he worked at Weyerhaeuser Company on various assignments ranging from managing capital projects to coordinating production at mills. In 1999, he was an Associate at Andersen Consulting. Mr. Ansari graduated from Colgate University with a bachelor’s degree in Physics and from Washington University with a bachelor’s degree in Chemical Engineering. He also has an M.B.A. from the Harvard Graduate School of Business Administration.


Alfred W. Mordecai

Manager

Start Date

Dec 31, 1999

Tenure

16.59

Tenure Rank

1.3%

Mordecai is a Senior Vice President of PRIMECAP Management Company, his employer since 1999. He has worked in investment management since 1997.


Theo A. Kolokotrones

Lead Manager

Start Date

Feb 01, 1998

Tenure

18.51

Tenure Rank

1.1%

Kolokotrones is President and Co-Founder of PRIMECAP Management Company. He co-founded PRIMECAP Management Company in September 1983. He is the lead manager of Vanguard Capital Opportunity and Odyssey Aggressive Growth fund. Previously, Kolokotrones spent six years at Capital Research Company, most recently as Senior Vice President. He has held portfolio management responsibilities since 1979. From 1970 to 1977, Kolokotrones was Vice President and Senior Financial Analyst at Smith Barney, Harris Upham and Company in New York.


Joel P. Fried

Manager

Start Date

Feb 01, 1998

Tenure

18.51

Tenure Rank

1.1%

Mr. Fried joined PRIMECAP Management Company in June 1986, he is the lead manager of Vanguard PRIMECAP Core fund. Upon graduation from the Anderson Graduate School of Management at UCLA, he spent one year as a financial analyst with Hughes Investment Management Company, a wholly owned subsidiary of Hughes Aircraft. Mr. Fried received his undergraduate degree in Economic System/Science from the University of California, Los Angeles.


James M. Marchetti

Manager

Start Date

Jan 27, 2015

Tenure

1.51

Tenure Rank

11.0%

Mr. Marchetti joined PRIMECAP Management Company in September 2005 and currently serves as Senior Vice President, Portfolio Manager, and Principal of PRIMECAP Management Company. In 2004, he worked as a product analyst in Fidelity's Strategic Investments group. From 1996 to 2003, he ran the software division of IntelliSense, a start-up acquired by Corning Inc. in 2001. Mr. Marchetti holds an MBA degree from MIT-Sloan and a bachelor's degree in Chemical Engineering, also from MIT, where he completed a thesis focused on recombinant protein recovery and purification techniques.


Tenure Analysis

Category Low

0.0

Category High

48.6

Category Average

7.08

Category Mode

1.6