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VMGRX Vanguard Mid Cap Growth Inv

  • Fund
  • VMGRX
  • Price as of: Jul 21, 2017
  • $25.06
  • - $0.04
  • - 0.16%
  • Category
  • Mid Cap Growth Equities

VMGRX - Profile

Vitals

  • YTD Return 11.9%
  • 3 Yr Annualized Return 5.7%
  • 5 Yr Annualized Return 11.6%
  • Net Assets $4.18 B
  • Holdings in Top 10 18.3%

52 WEEK LOW AND HIGH

$25.06
$21.40
$25.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.36%

SALES FEES

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

BROKERAGE FEES

  • Turnover 91.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

$3,000

Investment Themes

CATEGORY

Mid Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Mid-Cap Growth

Distributions

  • YTD Total Return 11.9%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 11.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.64%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Vanguard Mid-Cap Growth
  • Fund Family Name Vanguard
  • Inception Date Dec 31, 1997
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager David P. Ricci

Fund Description

The Vanguard Mid-Cap Growth Fund Investor Shares (VMGRX) is an actively managed fund that seeks to aggressively grow capital over the long term. The fund focuses its attention on U.S. mid-cap stocks and uses fundamental analysis to undercover those shares with the propensity to grow earnings at a faster rate than the broader market. VMGRX primarily focuses on firms that have outstanding new products, market share gains, and improving cost structures in addition to its earnings requirements. There is no restriction on industry or sector.

When paired with a mid-cap value fund, VMGRX can be used as a core option. The fund is managed by William Blair Investment Management and Chartwell Investment Partners.

VMGRX - Performance

Return Ranking - Trailing

Period VMGRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 11.9% -98.2% 32.4% 58.89% 3
1 Yr 15.5% -20.6% 39.0% 55.61% 3
3 Yr 5.7% * -5.9% 28.7% 50.96% 3
5 Yr 11.6% * 2.5% 20.1% 48.33% 3
10 Yr 7.2% * -0.4% 12.7% 36.91% 2

* Annualized


Return Ranking - Calendar

Period VMGRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -0.2% -70.5% 27.9% 58.85% 4
2015 -7.3% -82.5% 12.2% 44.61% 3
2014 -2.1% -40.7% 31.3% 43.14% 3
2013 21.4% -27.0% 200.0% 68.06% 4
2012 8.2% -17.1% 26.4% 65.43% 4

Total Return Ranking - Trailing

Period VMGRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 11.9% -59.7% 32.4% 59.09% 3
1 Yr 15.5% -35.2% 876.4% 48.65% 3
3 Yr 5.7% * -4.8% 23.6% 61.22% 4
5 Yr 11.6% * 2.0% 20.1% 65.67% 4
10 Yr 7.2% * -0.4% 12.7% 48.55% 3

* Annualized


Total Return Ranking - Calendar

Period VMGRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 -0.2% -98.2% 27.9% 63.03% 4
2015 0.3% -43.1% 19.2% 36.77% 2
2014 13.7% -23.5% 141.0% 14.24% 1
2013 53.5% -22.5% 561.9% 40.04% 2
2012 27.7% -11.3% 4114.7% 25.84% 2

NAV & Total Return History

VMGRX - Holdings

Filings data as of: Mar 31, 2017

Concentration Analysis

VMGRX Category Low Category High VMGRX % Rank Quintile
Net Assets 4.18 B 281 K 28.3 B 4.01% 1
Number of Holdings 110 1 2304 6.69% 2
Net Assets in Top 10 760 M 0 4.69 B 4.61% 1
Weighting of Top 10 18.3% 0.0% 128.2% 28.83% 4

Top 10 Holdings

  1. Vantiv Inc 2.27%
  2. O'Reilly Automotive Inc 2.17%
  3. Pinnacle Foods Inc 1.81%
  4. Newell Brands Inc 1.59%
  5. Six Flags Entertainment Corp 2.14%
  6. Red Hat Inc 1.62%
  7. Vail Resorts Inc 2.01%
  8. Copart Inc 1.65%
  9. BWX Technologies Inc 1.54%
  10. Ball Corp 1.48%

Asset Allocation

Weighting Category Low Category High VMGRX % Rank Quintile
Stocks
95.25% 0.00% 118.10% 21.99% 4
Cash
4.76% -18.09% 100.00% 8.47% 1
Preferred Stocks
0.00% 0.00% 4.60% 2.38% 1
Other
0.00% -10.78% 79.22% 11.00% 3
Convertible Bonds
0.00% 0.00% 1.50% 1.19% 1
Bonds
0.00% 0.00% 37.99% 2.53% 1

Stock Sector Breakdown

Weighting Category Low Category High VMGRX % Rank Quintile
Consumer Cyclical
21.67% 0.00% 52.30% 6.69% 1
Industrials
20.69% 0.00% 37.22% 9.51% 2
Technology
16.96% 2.60% 47.82% 24.67% 4
Healthcare
14.53% 0.00% 33.41% 16.64% 3
Consumer Defense
6.96% -0.01% 22.39% 11.44% 2
Financial Services
6.45% 0.00% 41.14% 26.15% 4
Real Estate
2.82% 0.00% 29.90% 16.64% 3
Basic Materials
2.69% 0.00% 12.40% 21.10% 4
Energy
1.40% 0.00% 11.48% 20.65% 4
Communication Services
1.08% 0.00% 18.29% 16.05% 3
Utilities
0.00% -0.03% 11.08% 8.77% 2

Stock Geographic Breakdown

Weighting Category Low Category High VMGRX % Rank Quintile
US
92.05% 0.00% 112.38% 22.29% 4
Non US
3.20% 0.00% 37.99% 17.83% 3

VMGRX - Expenses

Operational Fees

VMGRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.36% 0.07% 111.05% 31.89% 1
Management Fee 0.34% 0.06% 1.50% 7.73% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 25000.00% N/A N/A

Sales Fees

VMGRX Fees (% of AUM) Category Low Category High VMGRX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

VMGRX Fees (% of AUM) Category Low Category High VMGRX Rank Quintile
Max Redemption Fee N/A 0.05% 2.00% 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.

VMGRX Fees (% of AUM) Category Low Category High VMGRX Rank Quintile
Turnover 91.00% 0.00% 687.00% 8.49% 4

VMGRX - Distributions

Dividend Yield Analysis

VMGRX Category Low Category High VMGRX % Rank Quintile
Dividend Yield 0.0% 0.00% 5.39% 79.56% 5

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VMGRX Category Low Category High VMGRX % Rank Quintile
Net Income Ratio 0.64% -2.43% 1.49% 2.83% 1

Capital Gain Distribution Analysis

VMGRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

VMGRX - Managers

David P. Ricci

Manager

Start Date

Jun 08, 2006

Tenure

11.07

Tenure Rank

5.7%

Ricci is a principal of William Blair & Company L.L.C. He has been with the firm since February 1994 when he started as a research analyst for the Consumer/Retail sell-side research effort at William Blair. He was made group head in June 2001. He is a member of the Investment Management Department’s Mid Cap Growth Team. Previously, he was with Procter & Gamble, Melville, and spent 2 1/2 years as a strategy consultant at Bain & Company. Ricci holds the Chartered Financial Analyst designation.


Robert C. Lanphier

Manager

Start Date

Jun 08, 2006

Tenure

11.07

Tenure Rank

5.7%

Lanphier is a principal of William Blair & Company, L.L.C. He began with the firm in December 1987 as an associate in the Institutional Sales Department and was made a principal in January 1993. In January 1996, he joined the Investment Management Department as a portfolio manager. Previously, he was with Emerson Electric Corporation in a variety of corporate planning and international consulting activities from 1982 to 1987.


Melissa Chadwick-Dunn

Manager

Start Date

Dec 05, 2016

Tenure

0.57

Tenure Rank

17.8%

Melissa Chadwick-Dunn is an analyst in the RS Growth Group and a principal at RS Investments. Before joining the firm in 2001, she was an equity analyst at Putnam Investments for two years, covering international small-cap stocks. Prior to that, she spent four years in investment banking, working on corporate finance and mergers-and-acquisition transactions for Lehman Brothers and McDaniels S.A. Melissa holds a B.A. in economics and an M.A. in international relations from the University of Chicago and an M.B.A. from the Wharton School of Business.


D. Scott Tracy

Manager

Start Date

Dec 05, 2016

Tenure

0.57

Tenure Rank

17.8%

Mr. Tracy joined RS Investments and has been a member of the RS Growth Team since 2001. Prior to joining RS Investments in 2001, he spent three years at Shoreline Investment Management, the in house asset management arm of Hewlett-Packard. He has also served as an equity analyst at Montgomery Securities. Mr. Tracy holds a B.A. in history from Trinity College and an M.B.A. from the University of California at Berkeley. He is also a Chartered Financial Analyst.


Christopher W. Clark

Manager

Start Date

Dec 05, 2016

Tenure

0.57

Tenure Rank

17.8%

Christopher W. Clark, CFA has been a member of the RS Growth Team, as an analyst, since joining the firm in 2007. Before joining the firm, he was a research associate at TIAA-CREF for three years, where he focused on global portfolio management and the health care sector. Prior to that, he was a research assistant at Dresdner RCM Global Investors for three years. Chris holds a B.A. in economics from the University of Virginia. Chris is a CFA Charterholder.


Stephen J. Bishop

Manager

Start Date

Dec 05, 2016

Tenure

0.57

Tenure Rank

17.8%

Stephen J. Bishop is a co-portfolio manager and analyst on the RS Growth Team. Mr. Bishop has been a co-portfolio manager on the RS Growth Team since 2007. He joined RS Investment Management Co. LLC in 1996 as a research analyst primarily covering the technology sector, which remains his area of focus today. Prior to joining RS, he worked as an analyst in the corporate finance department of Dean Witter Reynolds, Inc., for two years. Steve holds a B.A. in economics from the University of Notre Dame and an M.B.A. from Harvard Business School.


Daniel E. Crowe

Manager

Start Date

Feb 23, 2017

Tenure

0.35

Tenure Rank

18.3%

Dan Crowe is an associate portfolio manager on the Mid Cap Growth team. He served as an associate portfolio manager on the Small Cap Growth team from 2013 to 2015. Dan joined William Blair as a generalist research analyst in May 2011. Before joining William Blair, he was a midcap portfolio manager at Pyramis Global Advisors, and before that a portfolio manager and analyst at The Boston Company/Founders Asset Management. He began his career as a generalist analyst at Marsico Capital Management. Dan is a member of the CFA Institute and the CFA Society of Chicago. Education: B.S., mechanical engineering, University of Illinois at Urbana-Champaign.


Tenure Analysis

Category Low

0.0

Category High

31.4

Category Average

7.18

Category Mode

2.5