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VMGRX Vanguard Mid Cap Growth Inv

  • Fund
  • VMGRX
  • Price as of: Aug 08, 2016
  • $22.45
  • - $0.06
  • - 0.27%
  • Category
  • Mid Cap Growth Equities

VMGRX - Profile

Vitals

  • YTD Return 0.0%
  • 3 Yr Annualized Return 7.1%
  • 5 Yr Annualized Return 10.2%
  • Net Assets $4.26 B
  • Holdings in Top 10 25.0%

52 WEEK LOW AND HIGH

$22.45
$18.78
$25.25

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.43%

SALES FEES

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

BROKERAGE FEES

  • Turnover 93.00%

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 0.0%
  • 3 Yr Annualized Total Return 7.1%
  • 5 Yr Annualized Total Return 10.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.25%
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 0.0% -59.7% 14.3% 78.21% 4
1 Yr -7.6% -19.6% 21.1% 83.61% 5
3 Yr 7.1% * -1.9% 13.7% 60.33% 4
5 Yr 10.2% * 0.3% 17.8% 40.14% 3
10 Yr 8.6% * 1.0% 13.0% 33.33% 2

* Annualized


Return Ranking - Calendar

Period VMGRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -7.3% -82.5% 12.2% 46.96% 3
2014 N/A -14.4% 11.1% N/A N/A
2013 N/A 22.6% 52.2% N/A N/A
2012 N/A 10.5% 21.2% N/A N/A
2011 N/A -8.7% -2.4% N/A N/A

Total Return Ranking - Trailing

Period VMGRX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 0.0% -59.7% 14.3% 78.77% 4
1 Yr -7.6% -23.7% 18.3% 75.86% 4
3 Yr 7.1% * -3.0% 13.7% 55.45% 3
5 Yr 10.2% * -0.1% 17.8% 37.56% 2
10 Yr 8.6% * 1.0% 13.0% 30.90% 2

* Annualized


Total Return Ranking - Calendar

Period VMGRX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -7.3% -82.5% 12.2% 46.78% 3
2014 N/A -12.6% 11.1% N/A N/A
2013 N/A 33.8% 56.3% N/A N/A
2012 N/A 21.6% 21.9% N/A N/A
2011 N/A -5.7% -0.5% N/A N/A

NAV & Total Return History

VMGRX - Holdings

Filings data as of: Mar 31, 2016

Concentration Analysis

VMGRX Category Low Category High VMGRX % Rank Quintile
Net Assets 4.26 B 281 K 24.3 B 3.71% 1
Number of Holdings 103 3 2247 6.54% 2
Net Assets in Top 10 1.05 B 84.9 K 4.26 B 2.97% 1
Weighting of Top 10 25.0% 6.1% 114.7% 16.94% 3

Top 10 Holdings

  1. Vantiv Inc 2.57%
  2. Dollar General Corp 2.03%
  3. Hilton Worldwide Holdings Inc 2.37%
  4. Brunswick Corp 2.77%
  5. Old Dominion Freight Lines Inc 3.48%
  6. Intercontinental Exchange Inc 3.37%
  7. SEI Investments Co 1.89%
  8. Norwegian Cruise Line Holdings Ltd 2.37%
  9. ManpowerGroup 2.00%
  10. Tractor Supply Co 2.12%

Asset Allocation

Weighting Category Low Category High VMGRX % Rank Quintile
Stocks
95.69% 15.06% 129.31% 19.47% 4
Cash
4.31% -29.52% 61.28% 8.92% 2
Other
0.00% -10.78% 79.22% 10.40% 3
Convertible Bonds
0.00% 0.00% 2.46% 1.34% 1
Preferred Stocks
0.00% 0.00% 4.08% 2.38% 1
Bonds
0.00% 0.00% 57.07% 2.08% 1

Stock Sector Breakdown

Weighting Category Low Category High VMGRX % Rank Quintile
Consumer Cyclical
23.74% 0.00% 46.86% 5.05% 1
Industrials
21.79% 0.00% 37.21% 7.43% 2
Financial Services
14.68% 0.00% 29.03% 4.61% 1
Technology
13.49% 0.00% 50.72% 26.00% 5
Healthcare
10.05% 0.00% 37.79% 25.26% 4
Consumer Defense
5.48% -0.01% 60.63% 18.42% 3
Real Estate
2.70% 0.00% 30.46% 15.30% 3
Communication Services
1.45% 0.00% 15.92% 13.37% 3
Energy
1.37% 0.00% 12.68% 18.87% 3
Basic Materials
0.93% -0.01% 10.74% 25.85% 5
Utilities
0.00% -0.01% 14.29% 8.77% 2

Stock Geographic Breakdown

Weighting Category Low Category High VMGRX % Rank Quintile
US
91.54% 14.94% 120.97% 22.14% 4
Non US
4.15% 0.00% 26.42% 12.78% 2

VMGRX - Expenses

Operational Fees

VMGRX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.43% 0.08% 111.05% 31.15% 1
Management Fee 0.41% 0.05% 1.50% 7.43% 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 93.00% 0.00% 611.00% 7.90% 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 0.25% -2.29% 6.10% 6.86% 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

10.15

Tenure Rank

5.9%

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.


John A. Heffern

Manager

Start Date

Feb 27, 2009

Tenure

7.43

Tenure Rank

8.0%

John A. Heffern, Managing Partner and Senior Portfolio Manager at Chartwell Investment Partners, Inc. He has worked in investment management since 1988, has been with Chartwell since 2005, and has co-managed a portion of the Fund since 2006. Heffern was a Senior Vice President and Senior Portfolio Manager with the Growth Investing Group at Delaware Investment Advisers from 1997 to 2005. From 1994 to 1997, he was a Senior Vice President, Equity Research at NatWest Markets, responsible for specialty financial services equity research. Prior to NatWest, he was a Principal and Senior Regional Bank Analyst at Alex Brown & Sons.


Robert C. Lanphier

Manager

Start Date

Jun 08, 2006

Tenure

10.15

Tenure Rank

5.9%

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.


Tenure Analysis

Category Low

0.0

Category High

47.1

Category Average

7.27

Category Mode

1.6