The Vanguard Global Equity Fund Investor Shares (VHGEX) is a low-cost, actively managed fund that seeks to grow investor capital. The fund is diversified across domestic and international equities, emerging and developed markets, and market capitalizations. Stock concentrations are kept to a minimum and the fund is broadly diversified across sectors. VHGEX will use fundamental analysis to find undervalued growth stocks.
Given its low costs and broad stock diversification, VHGEX makes for an ideal core equity choice. The fund is managed by Baillie Gifford Overseas Ltd., Marathon Asset Management LLP and Acadian Asset Management LLC.
| Period | VHGEX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| YTD | 3.7% | -31.9% | 25.1% | 32.41% | 2 |
| 1 Yr | 14.1% | -56.3% | 37.9% | 32.95% | 2 |
| 3 Yr | 9.2% * | -6.3% | 26.2% | 22.04% | 2 |
| 5 Yr | 10.4% * | -4.2% | 26.9% | 25.39% | 2 |
| 10 Yr | 5.4% * | -5.7% | 18.4% | 44.93% | 3 |
* Annualized
| Period | VHGEX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| 2017 | 26.1% | -39.6% | 49.8% | 12.12% | 1 |
| 2016 | 5.0% | -73.5% | 33.8% | 27.93% | 2 |
| 2015 | -1.9% | -27.7% | 27.0% | 26.67% | 2 |
| 2014 | 2.7% | -40.2% | 39.8% | 20.48% | 2 |
| 2013 | 25.7% | -33.0% | 52.0% | 28.77% | 2 |
| Period | VHGEX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| YTD | 3.7% | -31.9% | 25.1% | 32.44% | 2 |
| 1 Yr | 14.1% | -38.6% | 185.9% | 27.25% | 2 |
| 3 Yr | 9.2% * | -6.9% | 35.8% | 20.22% | 2 |
| 5 Yr | 10.4% * | -4.4% | 26.9% | 22.77% | 2 |
| 10 Yr | 5.4% * | -5.8% | 18.4% | 43.36% | 3 |
* Annualized
| Period | VHGEX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| 2017 | 26.1% | -26.4% | 49.8% | 12.12% | 1 |
| 2016 | 5.0% | -73.5% | 33.8% | 33.19% | 2 |
| 2015 | -0.3% | -25.3% | 47.6% | 41.90% | 3 |
| 2014 | 4.5% | -13.6% | 50.0% | 36.91% | 2 |
| 2013 | 29.4% | -23.9% | 170.1% | 47.15% | 3 |
| VHGEX | Category Low | Category High | VHGEX % Rank | Quintile | |
|---|---|---|---|---|---|
| Net Assets | 5.7 B | 9.87 K | 99.3 B | 2.36% | 1 |
| Number of Holdings | 1457 | 1 | 8045 | 0.47% | 1 |
| Net Assets in Top 10 | 654 M | -1.09 M | 17.5 B | 4.35% | 1 |
| Weighting of Top 10 | 11.3% | 0.0% | 255.4% | 31.57% | 5 |
| Weighting | Category Low | Category High | VHGEX % Rank | Quintile | |
|---|---|---|---|---|---|
| Stocks | 95.05% | 0.00% | 132.91% | 17.11% | 4 |
| Cash | 3.92% | -35.60% | 102.01% | 9.55% | 2 |
| Other | 1.02% | -6.40% | 40.46% | 9.36% | 2 |
| Preferred Stocks | 0.01% | 0.00% | 4.33% | 5.67% | 2 |
| Convertible Bonds | 0.00% | 0.00% | 29.43% | 2.17% | 1 |
| Bonds | 0.00% | -0.52% | 96.92% | 7.09% | 2 |
| Weighting | Category Low | Category High | VHGEX % Rank | Quintile | |
|---|---|---|---|---|---|
| Financial Services | 20.40% | 0.00% | 42.41% | 7.57% | 2 |
| Technology | 20.23% | 0.00% | 79.08% | 7.00% | 2 |
| Consumer Cyclical | 12.07% | 0.00% | 54.83% | 15.42% | 3 |
| Industrials | 11.08% | 0.00% | 85.99% | 15.33% | 3 |
| Healthcare | 10.75% | 0.00% | 48.64% | 14.47% | 3 |
| Consumer Defense | 8.90% | -1.22% | 44.27% | 11.73% | 2 |
| Basic Materials | 5.02% | 0.00% | 36.38% | 12.11% | 3 |
| Energy | 3.43% | 0.00% | 40.64% | 19.11% | 4 |
| Real Estate | 1.23% | -1.34% | 94.08% | 16.18% | 3 |
| Communication Services | 1.20% | -1.23% | 76.02% | 21.57% | 4 |
| Utilities | 0.71% | -0.57% | 87.55% | 16.46% | 3 |
| Weighting | Category Low | Category High | VHGEX % Rank | Quintile | |
|---|---|---|---|---|---|
| US | 48.08% | 0.00% | 126.77% | 15.41% | 3 |
| Non US | 46.97% | 0.00% | 98.82% | 17.20% | 3 |
| VHGEX Fees (% of AUM) | Category Low | Category High | Rank in Category (%) | Quintile | |
|---|---|---|---|---|---|
| Expense Ratio | 0.48% | 0.01% | 323.68% | 29.68% | 1 |
| Management Fee | 0.45% | 0.00% | 1.96% | 5.77% | 1 |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A | N/A |
| Administrative Fee | N/A | 0.01% | 0.45% | N/A | N/A |
| VHGEX Fees (% of AUM) | Category Low | Category High | VHGEX Rank | Quintile | |
|---|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A | N/A |
| VHGEX Fees (% of AUM) | Category Low | Category High | VHGEX Rank | Quintile | |
|---|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.08% | 2.00% | N/A | N/A |
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.
| VHGEX Fees (% of AUM) | Category Low | Category High | VHGEX Rank | Quintile | |
|---|---|---|---|---|---|
| Turnover | 47.00% | 0.00% | 2270.00% | 11.01% | 3 |
| VHGEX | Category Low | Category High | VHGEX % Rank | Quintile | |
|---|---|---|---|---|---|
| Dividend Yield | 0.4% | 0.00% | 2.38% | 16.86% | 1 |
| VHGEX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
| Date | Amount |
|---|---|
| Dec 27, 2013 | $0.358 |
| Dec 31, 2012 | $0.342 |
| Dec 28, 2011 | $0.362 |
| Dec 29, 2010 | $0.320 |
| Dec 31, 2009 | $0.356 |
| Dec 29, 2008 | $0.573 |
| Dec 18, 2007 | $1.195 |
| Dec 20, 2006 | $1.190 |
| Dec 20, 2004 | $0.480 |
| Dec 24, 2003 | $0.195 |
| Feb 28, 2003 | $0.039 |
| Jan 31, 2003 | $0.043 |
| Nov 29, 2002 | $0.043 |
| May 31, 2002 | $0.045 |
| Apr 30, 2002 | $0.044 |
| Dec 24, 2001 | $0.420 |
| Dec 18, 2000 | $1.430 |
| Dec 15, 2000 | $1.430 |
| Dec 17, 1999 | $1.020 |
| Dec 18, 1998 | $1.010 |
| Dec 29, 1997 | $0.670 |
| Dec 20, 1996 | $0.330 |
| Dec 27, 1995 | $0.070 |
| VHGEX | Category Low | Category High | VHGEX % Rank | Quintile | |
|---|---|---|---|---|---|
| Net Income Ratio | 1.30% | -23.00% | 7.02% | 16.92% | 2 |
| VHGEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Daily | Annually |
Manager
Start Date
Aug 14, 1995Tenure
22.81
Tenure Rank
0.3%
William J. Arah is Portfolio Manager and co-founder of Marathon Asset Management LLP Since 1987. He has been Director of Marathon-London. He has worked in investment management since 1982 and has managed assets at Marathon-London since 1987. Education: M.A., Oxford University.
Manager
Start Date
Aug 14, 1995Tenure
22.81
Tenure Rank
0.3%
Neil M. Ostrer is Portfolio Manager and co-founder of Marathon Asset Management LLP since 1986. Neil has been served as Director of Marathon-London. He has worked in investment management and has managed assets since 1981 and has been with Marathon-London since 1986. Education: M.A., Cambridge University.
Manager
Start Date
Apr 11, 2008Tenure
10.14
Tenure Rank
2.9%
Spencer graduated BSc in Medicine from the University of St Andrews in 1997, followed by two years of clinical training in Edinburgh. He joined Baillie Gifford in 2000 and spent time working in the Fixed Income, Japanese, European and UK teams, before becoming an Investment Manager for the Global Alpha portfolio. He became a Partner in 2013.
Manager
Start Date
Apr 11, 2008Tenure
10.14
Tenure Rank
2.9%
Malcolm graduated MA in Economics and History in 1998 and MLitt in Economics, Politics and Management in 1999 both from the University of St Andrews. He joined Baillie Gifford in 1999 and has spent time working in the UK Small Cap Team and North American Team. He has been a Global Alpha Investment Manager since the product’s inception and became a Partner in 2011. Malcolm is a member of the UK Society of Investment Professionals (UKSIP).
Manager
Start Date
Apr 11, 2008Tenure
10.14
Tenure Rank
2.9%
Charles graduated BA in Modern History from Oxford University in 1983 and joined Baillie Gifford the same year, becoming a Partner in 1988. He was an Investment Manager in the UK equity team for over 20 years notably developing Baillie Gifford’s specialist UK capabilities, and was latterly head of the team. Since its inception in 2005, Charles has headed up the Global Alpha strategy which is currently his sole portfolio management role. He became Joint Senior Partner with overall responsibility for the investment departments in 2006.
Manager
Start Date
Dec 31, 2004Tenure
13.42
Tenure Rank
1.6%
John Chisholm currently serves as Acadian’s Co-CEO, as well as Co-CIO. He served as Acadian’s sole CIO from 1998 to 2017, where he oversaw Acadian’s investment process and Investment Team, and directed Acadian's portfolio management and research. Prior to co-founding Acadian in 1987, John served as a systems engineer at Draper Laboratories, and as an analyst for the International Asset Management Department at the State Street Bank and Trust Company (now SSgA). He earned an M.S. in business and finance from the Sloan Business School at MIT, and a B.S. in engineering from MIT.
Manager
Start Date
Jan 28, 2016Tenure
2.34
Tenure Rank
10.1%
Brendan joined Acadian in 2004 and is co-chief investment officer. Brendan has served as the firm’s director of portfolio management, overseeing portfolio management policy, and was also previously the director of Acadian’s Managed Volatility strategies. He is a member of the Acadian Executive Committee. Prior to Acadian, Brendan was a vice president at Upstream Technologies, where he designed and implemented investment management systems and strategies. His professional background also includes work as a research analyst and consultant at Samuelson Portfolio Strategies. Brendan earned a Ph.D. in applied mathematics from Boston University and a B.A. in physics from Boston College.
Category Low
0.0
Category High
35.8
Category Average
6.15
Category Mode
0.1
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