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 | 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
| 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 |
| 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
| 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 |
| 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 |
| 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 |
| 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 |
| 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 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 |
| 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 | 93.00% | 0.00% | 611.00% | 7.90% | 4 |
| VMGRX | Category Low | Category High | VMGRX % Rank | Quintile | |
|---|---|---|---|---|---|
| Dividend Yield | 0.0% | 0.00% | 5.39% | 79.56% | 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 | 0.25% | -2.29% | 6.10% | 6.86% | 1 |
| VMGRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Semi-Annually | Annually |
Manager
Start Date
Jun 08, 2006Tenure
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.
Manager
Start Date
Feb 27, 2009Tenure
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.
Manager
Start Date
Jun 08, 2006Tenure
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.
Category Low
0.0
Category High
47.1
Category Average
7.27
Category Mode
1.6
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