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 | 14.5% | -31.9% | 29.3% | 27.04% | 2 |
| 1 Yr | 19.6% | -32.1% | 44.1% | 16.91% | 1 |
| 3 Yr | 6.4% * | -14.5% | 23.9% | 29.61% | 2 |
| 5 Yr | 13.4% * | -4.2% | 26.2% | 17.80% | 1 |
| 10 Yr | 3.6% * | -4.7% | 16.0% | 60.04% | 3 |
* Annualized
| Period | VHGEX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| 2016 | 5.0% | -73.5% | 33.8% | 28.62% | 2 |
| 2015 | -1.9% | -27.7% | 17.2% | 25.73% | 2 |
| 2014 | 2.7% | -40.2% | 27.0% | 15.70% | 1 |
| 2013 | 25.7% | -23.4% | 52.0% | 29.98% | 2 |
| 2012 | 17.3% | -33.0% | 30.2% | 28.61% | 2 |
| Period | VHGEX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| YTD | 14.5% | -31.9% | 29.3% | 27.06% | 2 |
| 1 Yr | 19.6% | -38.6% | 185.9% | 15.00% | 1 |
| 3 Yr | 6.4% * | -15.6% | 35.8% | 26.68% | 2 |
| 5 Yr | 13.4% * | -4.2% | 26.2% | 16.54% | 1 |
| 10 Yr | 3.6% * | -4.8% | 16.0% | 57.85% | 3 |
* Annualized
| Period | VHGEX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| 2016 | 5.0% | -73.5% | 33.8% | 33.60% | 2 |
| 2015 | -0.3% | -25.3% | 23.7% | 39.48% | 3 |
| 2014 | 4.5% | -13.6% | 47.6% | 32.96% | 2 |
| 2013 | 29.4% | -4.2% | 170.1% | 48.88% | 3 |
| 2012 | 21.5% | -23.9% | 350.8% | 43.36% | 3 |
| VHGEX | Category Low | Category High | VHGEX % Rank | Quintile | |
|---|---|---|---|---|---|
| Net Assets | 5.05 B | 9.87 K | 90 B | 2.08% | 1 |
| Number of Holdings | 1282 | 1 | 7741 | 0.38% | 1 |
| Net Assets in Top 10 | 523 M | -1.03 M | 17.1 B | 4.16% | 1 |
| Weighting of Top 10 | 10.8% | 0.0% | 115.8% | 30.81% | 5 |
| Weighting | Category Low | Category High | VHGEX % Rank | Quintile | |
|---|---|---|---|---|---|
| Stocks | 94.88% | 0.00% | 132.91% | 16.73% | 4 |
| Cash | 4.83% | -35.60% | 102.01% | 7.56% | 2 |
| Other | 0.23% | -2.43% | 40.46% | 15.97% | 3 |
| Bonds | 0.06% | -0.03% | 97.75% | 6.43% | 2 |
| Preferred Stocks | 0.00% | 0.00% | 4.06% | 5.10% | 2 |
| Convertible Bonds | 0.00% | 0.00% | 29.43% | 1.61% | 1 |
| Weighting | Category Low | Category High | VHGEX % Rank | Quintile | |
|---|---|---|---|---|---|
| Financial Services | 19.06% | 0.00% | 40.61% | 8.33% | 2 |
| Technology | 18.57% | 0.00% | 77.91% | 7.28% | 2 |
| Consumer Cyclical | 12.89% | 0.00% | 48.62% | 13.53% | 3 |
| Industrials | 11.47% | 0.00% | 77.73% | 13.34% | 2 |
| Consumer Defense | 10.01% | 0.00% | 53.29% | 9.46% | 2 |
| Healthcare | 9.49% | 0.00% | 48.64% | 18.26% | 4 |
| Basic Materials | 5.19% | 0.00% | 35.84% | 9.84% | 2 |
| Energy | 3.02% | 0.00% | 48.59% | 19.39% | 4 |
| Communication Services | 2.37% | -1.23% | 78.97% | 18.16% | 4 |
| Real Estate | 1.65% | 0.00% | 93.47% | 13.91% | 3 |
| Utilities | 1.15% | 0.00% | 82.48% | 14.10% | 3 |
| Weighting | Category Low | Category High | VHGEX % Rank | Quintile | |
|---|---|---|---|---|---|
| US | 47.94% | 0.00% | 126.77% | 16.82% | 3 |
| Non US | 46.94% | 0.00% | 100.00% | 14.18% | 3 |
| Weighting | Category Low | Category High | VHGEX % Rank | Quintile | |
|---|---|---|---|---|---|
| Cash & Equivalents | 4.89% | -35.60% | 102.01% | 7.66% | 2 |
| Derivative | 0.00% | -13.37% | 27.80% | 1.32% | 1 |
| Securitized | 0.00% | 0.00% | 25.87% | 1.51% | 1 |
| Corporate | 0.00% | 0.00% | 56.06% | 7.76% | 2 |
| Municipal | 0.00% | 0.00% | 2.45% | 1.14% | 1 |
| Government | 0.00% | -7.57% | 97.75% | 4.64% | 2 |
| Weighting | Category Low | Category High | VHGEX % Rank | Quintile | |
|---|---|---|---|---|---|
| US | 0.06% | -0.03% | 97.75% | 6.05% | 2 |
| Non US | 0.00% | 0.00% | 67.37% | 3.40% | 1 |
| VHGEX Fees (% of AUM) | Category Low | Category High | Rank in Category (%) | Quintile | |
|---|---|---|---|---|---|
| Expense Ratio | 0.51% | 0.00% | 323.68% | 28.83% | 1 |
| Management Fee | 0.48% | 0.00% | 1.95% | 5.29% | 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 | 45.00% | 0.00% | 2311.00% | 10.91% | 3 |
| VHGEX | Category Low | Category High | VHGEX % Rank | Quintile | |
|---|---|---|---|---|---|
| Dividend Yield | 0.4% | 0.00% | 2.38% | 17.92% | 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 | 1.61% | -2.05% | 6.75% | 13.52% | 2 |
| VHGEX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Daily | Annually |
Manager
Start Date
Aug 14, 1995Tenure
21.81
Tenure Rank
0.3%
Director of Marathon-London. He has worked in investment management since 1982; has managed assets at Marathon-London since 1987. Education: M.A., Oxford University.
Manager
Start Date
Aug 14, 1995Tenure
21.81
Tenure Rank
0.3%
Director of Marathon-London. He has worked in investment management and has managed assets since 1981; has been with Marathon-London since 1986. Education: M.A., Cambridge University.
Manager
Start Date
Apr 11, 2008Tenure
9.14
Tenure Rank
3.1%
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
9.14
Tenure Rank
3.1%
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
9.14
Tenure Rank
3.1%
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
12.42
Tenure Rank
1.6%
John joined Acadian in July 1987. He is our Chief Investment Officer and oversees Acadian’s investment process and investment team. He continues to actively manage Acadian portfolios and direct research to enhance our approach, as he has since 1987. Earlier in his career, John served as 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). A CFA charterholder, he is a member of the Boston Security Analysts Society. Education: B.S., Engineering, MIT; M.S., Management, MIT.
Manager
Start Date
Jan 28, 2016Tenure
1.34
Tenure Rank
10.3%
Brendan O. Bradley, Ph.D., is Director of Portfolio Management at Acadian. Brendan joined Asset Management LLC in September 2004 as a senior member of the Research and Portfolio Management Team. In 2010, he was appointed Director of Acadian’s Managed Volatility Strategies, and in 2013 became Director, Portfolio Management overseeing portfolio management policy. Mr. Bradley is a member of the Acadian Executive and Operating Committees. 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. He earned a B.A. in Physics from Boston College and a Ph.D. in Applied Mathematics from Boston University.
Category Low
0.0
Category High
34.8
Category Average
5.84
Category Mode
0.3
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