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VQNPX Vanguard Growth & Income Inv

  • Fund
  • VQNPX
  • Price as of: Dec 01, 2016
  • $42.97
  • - $0.14
  • - 0.33%
  • Category
  • Large Cap Blend Equities

VQNPX - Profile

Vitals

  • YTD Return 8.6%
  • 3 Yr Annualized Return 9.1%
  • 5 Yr Annualized Return 14.0%
  • Net Assets $6.5 B
  • Holdings in Top 10 15.4%

52 WEEK LOW AND HIGH

$42.97
$35.41
$43.35

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.34%

SALES FEES

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

BROKERAGE FEES

  • Turnover 96.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

$3,000

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return 9.8%
  • 3 Yr Annualized Total Return 9.1%
  • 5 Yr Annualized Total Return 14.0%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.09%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Vanguard Growth and Income Fund
  • Fund Family Name Vanguard
  • Inception Date Dec 10, 1986
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Michael R. Roach

Fund Description

The Vanguard Growth and Income Fund Investor Shares (VQNPX) is a low-cost, actively managed fund that seeks to provide a higher total return than the S&P 500 by using a combination of dividends and capital appreciation. The fund is quantitatively managed and uses computer models to select a broadly diversified group of stocks that will outperform the index. Mangers focus their models on U.S. large-cap stocks and can own both growth and value styles.

Given its focus on quantitative measures rather than actual fundamentals, investors may want to use the fund as a satellite position within their equity portfolios. VQNPX is managed by Vanguard Equity Investment Group, Los Angeles Capital, and D. E. Shaw Investment Management.

VQNPX - Performance

Return Ranking - Trailing

Period VQNPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 8.6% -82.7% 186.5% 26.51% 2
1 Yr 3.9% -51.7% 28.0% 29.14% 2
3 Yr 9.1% * -14.4% 16.9% 3.38% 1
5 Yr 14.0% * -1.0% 19.4% 4.60% 1
10 Yr 6.0% * -0.2% 10.3% 32.90% 2

* Annualized


Return Ranking - Calendar

Period VQNPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -5.2% -46.9% 5.7% 40.18% 3
2014 5.5% -51.7% 19.5% 41.44% 3
2013 30.5% -88.0% 41.8% 26.32% 2
2012 14.5% -100.0% 42.8% 23.87% 2
2011 0.6% -27.1% 13.3% 15.64% 1

Total Return Ranking - Trailing

Period VQNPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.8% -82.7% 190.8% 20.00% 2
1 Yr 3.9% -52.5% 142.7% 40.37% 3
3 Yr 9.1% * -5.6% 57.6% 10.55% 1
5 Yr 14.0% * -1.0% 19.4% 27.67% 2
10 Yr 6.0% * -0.2% 10.3% 49.64% 3

* Annualized


Total Return Ranking - Calendar

Period VQNPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 2.2% -40.3% 13.0% 12.44% 1
2014 15.5% -24.8% 54.2% 20.22% 2
2013 42.1% -93.4% 1119.1% 36.04% 2
2012 23.6% -100.0% 282.8% 29.49% 2
2011 3.5% -43.5% 45.5% 15.71% 1

NAV & Total Return History

VQNPX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

VQNPX Category Low Category High VQNPX % Rank Quintile
Net Assets 6.5 B 9.87 K 463 B 2.73% 1
Number of Holdings 1077 1 3780 1.87% 1
Net Assets in Top 10 1.02 B 13.1 K 69.4 B 5.18% 1
Weighting of Top 10 15.4% 2.2% 297.1% 32.45% 5

Top 10 Holdings

  1. Apple Inc 2.56%
  2. Johnson & Johnson 1.93%
  3. Exxon Mobil Corp 1.66%
  4. Microsoft Corp 1.85%
  5. AT&T Inc 1.15%
  6. Amazon.com Inc 1.64%
  7. Procter & Gamble Co 1.08%
  8. General Electric Co 1.38%
  9. Citigroup Inc 1.06%
  10. Wal-Mart Stores Inc 1.05%

Asset Allocation

Weighting Category Low Category High VQNPX % Rank Quintile
Stocks
97.64% 0.00% 118.62% 11.27% 3
Cash
2.26% -103.42% 132.07% 14.75% 3
Bonds
0.10% -13.88% 103.49% 6.60% 1
Convertible Bonds
0.00% 0.00% 83.08% 1.87% 1
Preferred Stocks
0.00% 0.00% 90.60% 3.53% 2
Other
0.00% -81.75% 100.00% 10.86% 3

Stock Sector Breakdown

Weighting Category Low Category High VQNPX % Rank Quintile
Technology
17.98% 0.00% 63.16% 13.41% 3
Healthcare
14.32% 0.00% 30.94% 12.83% 3
Financial Services
13.37% 0.00% 46.84% 19.32% 4
Consumer Cyclical
11.12% 0.00% 47.61% 14.06% 3
Industrials
10.35% 0.00% 48.43% 16.65% 3
Consumer Defense
10.33% 0.00% 48.03% 8.15% 2
Energy
7.62% -3.67% 22.58% 8.00% 2
Communication Services
3.26% -3.08% 17.25% 12.62% 3
Utilities
3.20% -3.74% 25.88% 8.00% 2
Basic Materials
3.08% 0.00% 23.55% 10.96% 2
Real Estate
3.01% -0.11% 12.73% 7.43% 2

Stock Geographic Breakdown

Weighting Category Low Category High VQNPX % Rank Quintile
US
96.64% 0.00% 118.15% 10.29% 2
Non US
1.00% -0.64% 94.30% 19.64% 4

Bond Sector Breakdown

Weighting Category Low Category High VQNPX % Rank Quintile
Cash & Equivalents
2.26% -103.47% 131.77% 14.57% 3
Government
0.10% -13.88% 76.37% 5.14% 1
Securitized
0.00% -3.93% 53.54% 3.19% 1
Corporate
0.00% 0.00% 95.85% 7.61% 2
Municipal
0.00% 0.00% 64.33% 2.10% 1
Derivative
0.00% -45.35% 46.77% 1.09% 1

Bond Geographic Breakdown

Weighting Category Low Category High VQNPX % Rank Quintile
US
0.10% -13.88% 93.58% 6.40% 1
Non US
0.00% 0.00% 21.97% 4.24% 1

VQNPX - Expenses

Operational Fees

VQNPX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.34% 0.02% 303.36% 19.84% 1
Management Fee 0.32% 0.00% 2.25% 4.95% 2
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

VQNPX Fees (% of AUM) Category Low Category High VQNPX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.00% 5.00% N/A N/A

Trading Fees

VQNPX Fees (% of AUM) Category Low Category High VQNPX Rank Quintile
Max Redemption Fee N/A 0.15% 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.

VQNPX Fees (% of AUM) Category Low Category High VQNPX Rank Quintile
Turnover 96.00% 0.00% 1754.00% 5.59% 5

VQNPX - Distributions

Dividend Yield Analysis

VQNPX Category Low Category High VQNPX % Rank Quintile
Dividend Yield 0.6% 0.00% 11.20% 7.86% 1

Dividend Distribution Analysis

VQNPX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

VQNPX Category Low Category High VQNPX % Rank Quintile
Net Income Ratio 2.09% -2.05% 3.95% 3.32% 1

Capital Gain Distribution Analysis

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

VQNPX - Managers

Michael R. Roach

Manager

Start Date

Jan 26, 2012

Tenure

4.77

Tenure Rank

7.5%

Michael R. Roach, CFA, Portfolio Manager. He has been with the Vanguard Group, Inc. since 1998; has worked in investment management since 2001. Education: B.S., Bloomsburg University; M.S., Drexel University.


Anne Dinning

Manager

Start Date

Apr 04, 2013

Tenure

3.58

Tenure Rank

8.8%

Anne Dinning, Ph.D., Managing Director and Chief Investment Officer of DESIM. She has worked in investment management since 1990; has managed investment portfolios since 1994; and has managed a portion of the Fund since 2013. Education: B.S., University of Washington; Ph.D., New York University Courant Institute of Mathematical Sciences.


Philip Kearns

Manager

Start Date

Aug 15, 2014

Tenure

2.21

Tenure Rank

10.6%

Philip Kearns, Ph.D., Managing Director of D.E. Shaw Investment Management, L.L.C.. He has worked in investment management since 1993, has managed investment portfolios since 1998. Education: B.Ec., Australian National University; M.S. and Ph.D., University of Rochester.


Thomas D. Stevens

Manager

Start Date

Sep 30, 2011

Tenure

5.09

Tenure Rank

7.2%

BBA University of Wisconsin; MBA University of Wisconsin As Los Angeles Capital’s Chairman and President, Mr. Stevens is responsible for setting the firm’s strategic goals and developing the firm’s research, portfolio management, trading, administrative, and client service resources. Mr. Stevens is a senior member of the Portfolio Management team and a member of the firm’s Investment Committee. Mr. Stevens also plays a lead role in developing and maintaining client relationships. Prior to co-founding Los Angeles Capital, Mr. Stevens was a senior managing director and principal at Wilshire Associates. He joined Wilshire in 1980 and for six years directed its Equity division, overseeing the delivery of the Equity and Index Fund Management Service and working on a retainer basis with over 120 investment organizations. In 1986, he assumed responsibility for Wilshire Asset Management and for the next 16 years headed that division.   Prior to joining Wilshire, Mr. Stevens worked for the National Bank of Detroit as a portfolio manager and was primarily responsible for major pension fund client relationships.   Mr. Stevens serves on the Board of Directors for the Los Angeles Capital Global Funds plc and is also on the Board for Special Olympics.


Hal W. Reynolds

Manager

Start Date

Sep 30, 2011

Tenure

5.09

Tenure Rank

7.2%

BA University of Virginia; MBA University of Pittsburgh As Chief Investment Officer and Chairman of Los Angeles Capital’s Investment Committee, Mr. Reynolds oversees the firm’s investment process. He works closely with the Director of Research to enhance all elements of the stock selection, portfolio construction, and trading processes. Prior to co-founding Los Angeles Capital, Mr. Reynolds was a managing director and principal at Wilshire Associates. Mr. Reynolds joined the consulting division of Wilshire Associates in 1989 where he served as a senior consultant to large ERISA plans. He also designed Wilshire Compass, Wilshire’s asset allocation and manager optimization technology for plan sponsors. In 1996, Mr. Reynolds began consulting for Wilshire Asset Management where he helped develop the Dynamic Alpha Model , which developed into Los Angeles Capital’s Dynamic Alpha Stock Selection Model℠, and other quantitative long/short applications for Wilshire Asset Management. In 1998, he joined Wilshire Asset Management as Chief Investment Officer.   Prior to joining Wilshire, Mr. Reynolds was a vice president at Mellon Bank where he was responsible for the design and management of Mellon’s portfolio analysis product for plan sponsors.


James P. Stetler

Manager

Start Date

Jan 26, 2012

Tenure

4.77

Tenure Rank

7.5%

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.


Binbin Guo

Manager

Start Date

Jan 26, 2016

Tenure

0.76

Tenure Rank

12.1%

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

81.0

Category Average

6.06

Category Mode

4.8