Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Thank you for selecting your broker
We are redirecting you to the Broker Center now
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
Thank you for your submission, we hope you enjoy your experience
Mutualfunds logo

VMRGX Vanguard Morgan™ Growth Inv

  • Fund
  • VMRGX
  • Price as of: Dec 06, 2016
  • $25.62
  • + $0.10
  • + 0.39%
  • Category
  • Large Cap Growth Equities

VMRGX - Profile

Vitals

  • YTD Return 2.8%
  • 3 Yr Annualized Return 7.8%
  • 5 Yr Annualized Return 13.1%
  • Net Assets $10.9 B
  • Holdings in Top 10 22.9%

52 WEEK LOW AND HIGH

$25.62
$21.64
$27.44

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.38%

SALES FEES

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

BROKERAGE FEES

  • Turnover 51.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

$3,000

Investment Themes

CATEGORY

Large Cap Growth Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return 7.8%
  • 5 Yr Annualized Total Return 13.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.81%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Vanguard Morgan™ Growth Fund
  • Fund Family Name Vanguard
  • Inception Date Dec 31, 1968
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Christopher J. Scarpa

Fund Description

The Vanguard Morgan Growth Fund Investor Shares (VMRGX) is a low-cost, actively managed fund that seeks to aggressively grow invested capital over the long term. The fund uses a multimanager approach; managers apply various fundamental and quantitative screens in order to find the best mid- and large-cap U.S. stocks with the potential for growth relative to the Russell 3000 Growth Index.

Given its low costs and focus on growth, VMRGX makes for a great subcore position in a diversified portfolio of equities. The fund is managed by Vanguard Equity Investment Group, Wellington Management Company LLP, Kalmar Investment Advisers, Jennison Associates LLC and Frontier Capital Management Co., LLC.

VMRGX - Performance

Return Ranking - Trailing

Period VMRGX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.8% -97.0% 126.7% 42.50% 3
1 Yr 0.9% -52.0% 75.7% 48.77% 3
3 Yr 7.8% * -15.1% 30.2% 25.44% 2
5 Yr 13.1% * 3.8% 18.5% 33.46% 2
10 Yr 6.9% * -0.3% 11.9% 45.02% 3

* Annualized


Return Ranking - Calendar

Period VMRGX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -1.7% -52.0% 11.4% 32.39% 2
2014 -1.1% -40.3% 19.3% 58.35% 4
2013 28.7% -11.8% 56.4% 42.64% 3
2012 13.9% -21.6% 29.1% 47.26% 3
2011 -3.1% -36.6% 14.5% 47.36% 3

Total Return Ranking - Trailing

Period VMRGX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.8% -97.0% 131.7% 44.57% 3
1 Yr 0.9% -71.3% 2606.2% 46.23% 3
3 Yr 7.8% * -21.9% 43.7% 26.33% 2
5 Yr 13.1% * 2.6% 19.7% 35.29% 2
10 Yr 6.9% * -0.9% 11.9% 45.55% 3

* Annualized


Total Return Ranking - Calendar

Period VMRGX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 7.4% -38.0% 19.0% 19.38% 1
2014 13.4% -17.3% 28.8% 38.27% 2
2013 50.6% -2.9% 382.6% 40.06% 3
2012 24.1% -13.0% 615.0% 46.67% 3
2011 -4.0% -100.0% 67.8% 54.14% 3

NAV & Total Return History

VMRGX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

VMRGX Category Low Category High VMRGX % Rank Quintile
Net Assets 10.9 B 373 K 146 B 2.19% 1
Number of Holdings 313 1 2199 2.63% 1
Net Assets in Top 10 2.57 B 0 36 B 2.63% 1
Weighting of Top 10 22.9% 0.0% 150.9% 28.98% 5

Top 10 Holdings

  1. Apple Inc 4.12%
  2. Microsoft Corp 2.00%
  3. Alphabet Inc C 3.24%
  4. Facebook Inc A 3.11%
  5. The Home Depot Inc 1.36%
  6. Amazon.com Inc 3.33%
  7. Bristol-Myers Squibb Company 1.19%
  8. Visa Inc Class A 2.01%
  9. PepsiCo Inc 1.24%
  10. Amgen Inc 1.29%

Asset Allocation

Weighting Category Low Category High VMRGX % Rank Quintile
Stocks
98.34% 0.00% 110.73% 8.03% 3
Cash
1.60% -10.73% 100.00% 14.78% 3
Other
0.06% -1.57% 24.55% 7.90% 2
Convertible Bonds
0.00% 0.00% 3.55% 0.84% 1
Preferred Stocks
0.00% 0.00% 5.54% 2.70% 1
Bonds
0.00% -0.14% 76.74% 3.66% 1

Stock Sector Breakdown

Weighting Category Low Category High VMRGX % Rank Quintile
Technology
29.46% -1.29% 53.71% 9.45% 2
Consumer Cyclical
19.17% -2.22% 49.24% 8.16% 2
Healthcare
16.05% -1.03% 91.28% 12.79% 3
Industrials
12.71% -0.37% 25.68% 6.75% 1
Financial Services
6.79% -2.38% 33.61% 21.53% 4
Consumer Defense
6.04% -1.43% 27.63% 18.64% 4
Communication Services
3.41% 0.00% 12.93% 10.48% 3
Basic Materials
1.98% -1.18% 12.25% 13.17% 3
Energy
1.73% -1.24% 16.88% 16.39% 3
Real Estate
0.79% -0.04% 11.06% 12.08% 3
Utilities
0.20% -0.64% 11.30% 7.46% 2

Stock Geographic Breakdown

Weighting Category Low Category High VMRGX % Rank Quintile
US
92.35% 0.00% 110.73% 16.71% 3
Non US
5.99% 0.00% 89.90% 10.80% 2

VMRGX - Expenses

Operational Fees

VMRGX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.38% 0.00% 24.91% 16.53% 1
Management Fee 0.38% 0.00% 1.50% 4.24% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 1.00% N/A N/A

Sales Fees

VMRGX Fees (% of AUM) Category Low Category High VMRGX Rank Quintile
Front Load N/A 1.50% 8.50% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

VMRGX Fees (% of AUM) Category Low Category High VMRGX Rank Quintile
Max Redemption Fee N/A 0.05% 5.00% 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.

VMRGX Fees (% of AUM) Category Low Category High VMRGX Rank Quintile
Turnover 51.00% 0.00% 601.00% 8.42% 3

VMRGX - Distributions

Dividend Yield Analysis

VMRGX Category Low Category High VMRGX % Rank Quintile
Dividend Yield 0.2% 0.00% 2.85% 16.29% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VMRGX Category Low Category High VMRGX % Rank Quintile
Net Income Ratio 0.81% -7.69% 3.70% 5.08% 1

Capital Gain Distribution Analysis

VMRGX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

VMRGX - Managers

Christopher J. Scarpa

Manager

Start Date

Dec 31, 2010

Tenure

5.92

Tenure Rank

9.0%

Mr. Scarpa is portfolio manager and vice president of Frontier. He has been employed in the investment area of Frontier since 2001.


Blair A. Boyer

Manager

Start Date

Jan 28, 2014

Tenure

2.84

Tenure Rank

12.5%

Blair A. Boyer is a managing director and a large cap growth equity portfolio manager. He joined Jennison Associates in March 1993. Prior to joining the Growth Equity team in 2003, Blair co-managed international equity portfolios for 10 years. During his tenure as an international equity portfolio manager, he managed the Jennison International Growth Fund from its inception in March 2000. Blair managed international equity portfolios at Bleichroeder from 1989 to 1993. Prior to that, he was a research analyst and then a senior portfolio manager in the Verus Capital division at Bleichroeder beginning in 1983. He received a BA in economics from Bucknell University and an MBA in finance from New York University.


Kathleen A. McCarragher

Manager

Start Date

Jan 08, 2007

Tenure

9.9

Tenure Rank

5.5%

McCarragher is a managing director and head of growth equity with Jennison, Ms. McCarragher joined Jennison Associates as an Executive Vice President and portfolio manager in May 1998. She was appointed Head of Growth Equity in January 2003. Previously, she was managing director and director at Weiss, Peck & Greer from 1992 to 1998. McCarragher joined the firm after 10 years with State Street Research and Management Company, initially as a research analyst responsible for health care, transports and financials, and then as a portfolio manager and member of the investment committee. Ms. McCarragher graduated summa cum laude from the University of Wisconsin-Eau Claire with a BBA and received her MBA from Harvard Business School.


Paul E. Marrkand

Manager

Start Date

Dec 30, 2005

Tenure

10.93

Tenure Rank

4.6%

Marrkand is a vice president and equity portfolio manager of Wellington Management. He has worked in investment management since 1987. Marrkand has managed equity portfolios since 2000 and has been with Wellington Management since 2005. Prior to joining Wellington Management, he was a managing director of the US All/Mid Cap Growth Team at Putnam Investments (1987-2005). Marrkand holds the Chartered Financial Analyst designation.


Stephen M. Knightly

Manager

Start Date

Nov 25, 2008

Tenure

8.02

Tenure Rank

6.9%

Steve joined Frontier in 1992 and became Vice President in December of 1994. Steve is a Chartered Financial Analyst.


James P. Stetler

Manager

Start Date

Dec 31, 2003

Tenure

12.93

Tenure Rank

3.2%

Stetler is a Principal of Vanguard. He has been with Vanguard since 1982; worked in investment management since 1996; He has managed a portion of the Fund since 2003. and has co-managed a portion of the Fund since 2012. Education: B.S., Susquehanna University; M.B.A., Saint Joseph’s University.


Anatoly Shtekhman

Manager

Start Date

Jan 26, 2016

Tenure

0.85

Tenure Rank

14.8%

Anatoly Shtekhman, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since 2007 and has managed investment portfolios and has co-managed a portion of the Fund since 2016. Education: B.S., University of Scranton; M.S., Boston College; M.B.A., The Wharton School of the University of Pennsylvania.


Binbin Guo

Manager

Start Date

Jan 26, 2016

Tenure

0.85

Tenure Rank

14.8%

Binbin Guo, Ph.D., Principal of Vanguard and head of Equity Research and Portfolio Strategies of Vanguard’s Quantitative Equity Group. He has oversight responsibility for the quantitative research team and develops portfolio strategies for equity and alternative asset classes. He has been with Vanguard since 2007 and has co-managed a portion of the Fund since 2016. Education: B.S. and M.S., Tsinghua University, China; Ph.D. and M.Phil., Yale University.


Tenure Analysis

Category Low

0.0

Category High

49.0

Category Average

7.2

Category Mode

1.9