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.
| Period | VMGRX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| YTD | 14.1% | -98.2% | 32.3% | 51.66% | 3 |
| 1 Yr | 13.7% | -20.6% | 35.1% | 57.40% | 3 |
| 3 Yr | 5.8% * | -22.4% | 28.7% | 67.88% | 4 |
| 5 Yr | 11.5% * | -11.6% | 20.0% | 61.08% | 4 |
| 10 Yr | 7.4% * | -6.2% | 12.8% | 46.48% | 3 |
* Annualized
| 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 |
| Period | VMGRX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| YTD | 14.1% | -59.7% | 32.3% | 51.97% | 3 |
| 1 Yr | 13.7% | -35.2% | 876.4% | 48.20% | 3 |
| 3 Yr | 5.8% * | -4.9% | 23.6% | 61.27% | 4 |
| 5 Yr | 11.5% * | 2.0% | 20.0% | 55.33% | 3 |
| 10 Yr | 7.4% * | -0.2% | 18.0% | 45.37% | 3 |
* Annualized
| 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 |
| VMGRX | Category Low | Category High | VMGRX % Rank | Quintile | |
|---|---|---|---|---|---|
| Net Assets | 4.15 B | 281 K | 28.8 B | 4.01% | 1 |
| Number of Holdings | 109 | 3 | 2290 | 6.69% | 2 |
| Net Assets in Top 10 | 748 M | 84.9 K | 5.03 B | 4.31% | 1 |
| Weighting of Top 10 | 17.8% | 6.4% | 147.1% | 30.01% | 4 |
| Weighting | Category Low | Category High | VMGRX % Rank | Quintile | |
|---|---|---|---|---|---|
| Stocks | 95.96% | 15.06% | 118.10% | 18.87% | 4 |
| Cash | 4.04% | -18.09% | 41.72% | 10.10% | 2 |
| Preferred Stocks | 0.00% | 0.00% | 4.60% | 2.23% | 1 |
| Other | 0.00% | -10.78% | 79.22% | 11.00% | 3 |
| Convertible Bonds | 0.00% | 0.00% | 1.41% | 1.34% | 1 |
| Bonds | 0.00% | 0.00% | 59.99% | 2.38% | 1 |
| Weighting | Category Low | Category High | VMGRX % Rank | Quintile | |
|---|---|---|---|---|---|
| Consumer Cyclical | 21.88% | 0.00% | 52.30% | 5.50% | 1 |
| Industrials | 21.17% | 0.00% | 37.22% | 7.73% | 1 |
| Technology | 17.64% | 2.80% | 45.09% | 22.44% | 4 |
| Healthcare | 15.15% | 0.00% | 33.72% | 14.71% | 3 |
| Financial Services | 7.15% | 0.00% | 41.14% | 24.22% | 4 |
| Consumer Defense | 4.54% | -0.01% | 22.39% | 17.24% | 3 |
| Real Estate | 2.91% | 0.00% | 29.90% | 15.75% | 3 |
| Basic Materials | 2.71% | 0.00% | 11.10% | 19.47% | 4 |
| Communication Services | 1.57% | 0.00% | 18.29% | 14.26% | 3 |
| Energy | 1.24% | 0.00% | 14.18% | 20.80% | 4 |
| Utilities | 0.00% | -0.03% | 10.28% | 8.47% | 2 |
| Weighting | Category Low | Category High | VMGRX % Rank | Quintile | |
|---|---|---|---|---|---|
| US | 92.08% | 14.94% | 112.38% | 20.95% | 4 |
| Non US | 3.88% | 0.00% | 54.52% | 15.16% | 2 |
| VMGRX Fees (% of AUM) | Category Low | Category High | Rank in Category (%) | Quintile | |
|---|---|---|---|---|---|
| Expense Ratio | 0.36% | 0.07% | 111.05% | 31.00% | 1 |
| Management Fee | 0.34% | 0.06% | 1.50% | 7.58% | 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 |
| 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 |
| 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 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 | Category Low | Category High | VMGRX % Rank | Quintile | |
|---|---|---|---|---|---|
| Dividend Yield | 0.0% | 0.00% | 5.39% | 78.97% | 5 |
| VMGRX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
| Date | Amount |
|---|---|
| Dec 18, 2013 | $0.007 |
| Dec 18, 2012 | $0.075 |
| Dec 19, 2011 | $0.030 |
| Dec 17, 2010 | $0.020 |
| Dec 16, 2009 | $0.018 |
| Dec 29, 2008 | $0.040 |
| Dec 18, 2006 | $2.719 |
| Dec 22, 2005 | $0.005 |
| Apr 22, 2005 | $0.000 |
| VMGRX | Category Low | Category High | VMGRX % Rank | Quintile | |
|---|---|---|---|---|---|
| Net Income Ratio | 0.64% | -2.43% | 1.43% | 2.68% | 1 |
| VMGRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Manager
Start Date
Jun 08, 2006Tenure
11.24
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.
Manager
Start Date
Jun 08, 2006Tenure
11.24
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.
Manager
Start Date
Dec 05, 2016Tenure
0.74
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.
Manager
Start Date
Dec 05, 2016Tenure
0.74
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.
Manager
Start Date
Dec 05, 2016Tenure
0.74
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.
Manager
Start Date
Dec 05, 2016Tenure
0.74
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.
Manager
Start Date
Feb 23, 2017Tenure
0.52
Tenure Rank
18.4%
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.
Category Low
0.0
Category High
31.6
Category Average
7.25
Category Mode
2.7
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