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 | 18.6% | -98.2% | 25.3% | 11.90% | 1 |
| 1 Yr | 2.8% | -24.3% | 34.6% | 26.91% | 2 |
| 3 Yr | 13.7% * | -5.9% | 28.7% | 48.73% | 3 |
| 5 Yr | 8.9% * | -1.7% | 17.6% | 44.39% | 3 |
| 10 Yr | 15.4% * | 2.0% | 21.2% | 34.60% | 2 |
* Annualized
| Period | VMGRX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| 2018 | -15.3% | -70.5% | 879.9% | 49.22% | 3 |
| 2017 | 17.9% | -39.3% | 158.6% | 30.34% | 2 |
| 2016 | -0.2% | -61.7% | 31.3% | 57.21% | 3 |
| 2015 | -7.3% | -82.5% | 35.0% | 51.72% | 3 |
| 2014 | -2.1% | -29.3% | 51.7% | 50.00% | 3 |
| Period | VMGRX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| YTD | 18.6% | -100.0% | 25.3% | 11.97% | 1 |
| 1 Yr | 2.8% | -35.2% | 876.4% | 24.02% | 2 |
| 3 Yr | 13.7% * | -3.8% | 26.3% | 45.08% | 3 |
| 5 Yr | 8.9% * | -2.1% | 17.4% | 41.79% | 3 |
| 10 Yr | 15.4% * | 2.0% | 21.2% | 33.33% | 2 |
* Annualized
| Period | VMGRX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| 2018 | -15.3% | -98.2% | 879.9% | 49.77% | 3 |
| 2017 | 17.9% | -38.9% | 158.6% | 30.55% | 2 |
| 2016 | -0.2% | -61.7% | 62.9% | 66.88% | 4 |
| 2015 | 0.3% | -43.1% | 561.9% | 43.93% | 3 |
| 2014 | 13.7% | -23.5% | 334.3% | 22.67% | 2 |
| VMGRX | Category Low | Category High | VMGRX % Rank | Quintile | |
|---|---|---|---|---|---|
| Net Assets | 4.19 B | 281 K | 30.1 B | 4.16% | 1 |
| Number of Holdings | 148 | 3 | 2256 | 4.31% | 1 |
| Net Assets in Top 10 | 650 M | 84.9 K | 5.71 B | 5.50% | 1 |
| Weighting of Top 10 | 17.3% | 7.1% | 100.0% | 32.84% | 5 |
| Weighting | Category Low | Category High | VMGRX % Rank | Quintile | |
|---|---|---|---|---|---|
| Stocks | 95.54% | 13.95% | 130.66% | 23.18% | 4 |
| Cash | 4.31% | -30.66% | 41.42% | 7.88% | 2 |
| Bonds | 0.15% | 0.00% | 65.67% | 2.08% | 1 |
| Preferred Stocks | 0.00% | 0.00% | 6.94% | 3.27% | 1 |
| Other | 0.00% | -10.78% | 79.22% | 7.73% | 2 |
| Convertible Bonds | 0.00% | 0.00% | 1.94% | 0.89% | 1 |
| Weighting | Category Low | Category High | VMGRX % Rank | Quintile | |
|---|---|---|---|---|---|
| Technology | 28.01% | 0.00% | 59.40% | 10.85% | 2 |
| Industrials | 18.49% | 0.00% | 39.42% | 14.26% | 2 |
| Consumer Cyclical | 16.45% | 0.00% | 53.21% | 15.01% | 2 |
| Healthcare | 15.95% | 0.00% | 36.62% | 12.63% | 3 |
| Financial Services | 6.83% | -0.06% | 45.18% | 24.07% | 4 |
| Consumer Defense | 4.30% | 0.00% | 22.39% | 18.72% | 3 |
| Basic Materials | 3.36% | 0.00% | 15.41% | 14.41% | 2 |
| Energy | 1.21% | 0.00% | 14.34% | 20.65% | 4 |
| Communication Services | 0.79% | 0.00% | 17.90% | 15.75% | 3 |
| Utilities | 0.00% | 0.00% | 12.13% | 10.70% | 2 |
| Real Estate | 0.00% | 0.00% | 46.47% | 29.27% | 5 |
| Weighting | Category Low | Category High | VMGRX % Rank | Quintile | |
|---|---|---|---|---|---|
| US | 91.55% | 13.75% | 125.52% | 23.92% | 4 |
| Non US | 3.99% | 0.00% | 41.39% | 15.30% | 2 |
| Weighting | Category Low | Category High | VMGRX % Rank | Quintile | |
|---|---|---|---|---|---|
| Cash & Equivalents | 4.31% | -2.56% | 41.35% | 7.63% | 1 |
| Government | 0.15% | 0.00% | 20.52% | 1.65% | 1 |
| Derivative | 0.00% | -0.01% | 0.25% | 0.90% | 1 |
| Securitized | 0.00% | 0.00% | 22.60% | 0.75% | 1 |
| Corporate | 0.00% | 0.00% | 43.99% | 5.84% | 2 |
| Municipal | 0.00% | 0.00% | 6.65% | 0.45% | 1 |
| Weighting | Category Low | Category High | VMGRX % Rank | Quintile | |
|---|---|---|---|---|---|
| US | 0.15% | 0.00% | 42.18% | 2.08% | 1 |
| Non US | 0.00% | 0.00% | 23.49% | 0.89% | 1 |
| VMGRX Fees (% of AUM) | Category Low | Category High | Rank in Category (%) | Quintile | |
|---|---|---|---|---|---|
| Expense Ratio | 0.36% | 0.07% | 111.05% | 31.59% | 1 |
| Management Fee | 0.33% | 0.06% | 1.50% | 8.02% | 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 | 75.00% | 0.00% | 495.00% | 9.84% | 4 |
| VMGRX | Category Low | Category High | VMGRX % Rank | Quintile | |
|---|---|---|---|---|---|
| Dividend Yield | 0.1% | 0.00% | 2.73% | 16.58% | 1 |
| VMGRX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annually | Annually | Monthly | Annually |
| Date | Amount |
|---|---|
| Dec 17, 2018 | $0.099 |
| Dec 19, 2017 | $0.095 |
| Dec 27, 2016 | $0.150 |
| Dec 17, 2015 | $0.070 |
| Dec 23, 2014 | $0.038 |
| 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, 2007 | $0.045 |
| Dec 18, 2006 | $0.044 |
| Dec 22, 2005 | $0.005 |
| VMGRX | Category Low | Category High | VMGRX % Rank | Quintile | |
|---|---|---|---|---|---|
| Net Income Ratio | 0.40% | -2.55% | 4.79% | 5.81% | 1 |
| VMGRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Manager
Start Date
Dec 05, 2016Tenure
2.16
Tenure Rank
17.1%
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
2.16
Tenure Rank
17.1%
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
2.16
Tenure Rank
17.1%
Christopher W. Clark has been a portfolio manager since 2014. Mr. Clark has been with Victory Capital Management since 2016. From 2007 to 2016, he was an analyst with RS Investment Management Co. LLC, which was acquired by the Victory Capital Management in 2016. Before joining RS Investments, 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
2.16
Tenure Rank
17.1%
Stephen J. Bishop is a co-portfolio manager and analyst on the RS Growth Team. Mr. Bishop has been with Victory Capital since 2016, when Victory Capital acquired RS Investments. 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
Dec 17, 2018Tenure
0.12
Tenure Rank
20.9%
Mr. Scarpa is portfolio manager and vice president of Frontier Capital Management Company. Mr. Scarpa joined Frontier in 2001 as an equity research analyst. He assumed portfolio management responsibilities for Frontier’s mid-cap growth portfolios in 2010.
Manager
Start Date
Dec 17, 2018Tenure
0.12
Tenure Rank
20.9%
Paul Leung joined Victory Capital in 2016 in connection with Victory Capital’s acquisition of RS Investments. Prior to joining Victory Capital, Mr. Leung was a member of the RS Growth Team, as an analyst, since 2012. Prior to joining RS Investments in 2012, he worked as a senior investment analyst at Ashfield Capital Partners where he focused on the technology sector. Previously, he held research and financial analyst positions at Sterling Johnston Capital Management, from 2002 to 2010, and Citigroup, from 1999 to 2001. Mr. Leung is a CFA Charterholder. Paul earned his bachelor’s degree in economics and business management from Cornell University.
Manager
Start Date
Dec 17, 2018Tenure
0.12
Tenure Rank
20.9%
Timothy Manning Equity Portfolio Manager, Senior Managing Director Education BS, Boston University, 1997 Professional Experience State Street, 1996 – 2000 John Hancock Financial Services, 2000 – 2002 RiverSource Investments, 2002 – 2007 Wellington Management, 2007 – Present
Manager
Start Date
Dec 17, 2018Tenure
0.12
Tenure Rank
20.9%
Steve, CFA, is the lead portfolio manager at Frontier Capital Management Company. Mr. Knightly joined Frontier in 1992. He has been the lead portfolio manager for Frontier’s mid-cap growth portfolios since 2005. He has been the President of Frontier since 2010.
Category Low
0.0
Category High
33.0
Category Average
7.94
Category Mode
1.9
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