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VQNPX Vanguard Growth & Income Inv

  • Fund
  • VQNPX
  • Price as of: Jul 24, 2017
  • $45.34
  • - $0.02
  • - 0.04%
  • Category
  • Large Cap Blend Equities

VQNPX - Profile

Vitals

  • YTD Return 9.5%
  • 3 Yr Annualized Return 2.0%
  • 5 Yr Annualized Return 9.7%
  • Net Assets $7.5 B
  • Holdings in Top 10 17.7%

52 WEEK LOW AND HIGH

$45.34
$40.45
$45.38

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 9.5%
  • 3 Yr Annualized Total Return 7.3%
  • 5 Yr Annualized Total Return 16.4%
  • 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 Philip Kearns

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 9.5% -92.6% 35.5% 50.95% 3
1 Yr 7.7% -51.7% 40.6% 82.50% 5
3 Yr 2.0% * -14.4% 16.8% 89.27% 5
5 Yr 9.7% * -0.5% 18.7% 86.86% 5
10 Yr 1.8% * -0.4% 10.8% 96.12% 5

* Annualized


Return Ranking - Calendar

Period VQNPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 4.7% -37.7% 186.3% 52.05% 3
2015 -5.2% -46.9% 11.2% 41.96% 3
2014 5.5% -51.7% 38.1% 43.19% 3
2013 30.5% -88.0% 42.8% 26.36% 2
2012 14.5% -100.0% 25.9% 23.86% 2

Total Return Ranking - Trailing

Period VQNPX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 9.5% -92.6% 35.5% 50.84% 3
1 Yr 7.7% -52.5% 142.7% 80.51% 5
3 Yr 7.3% * -7.4% 57.6% 43.23% 3
5 Yr 16.4% * -0.5% 18.7% 2.59% 1
10 Yr 6.5% * -0.4% 10.8% 35.24% 2

* Annualized


Total Return Ranking - Calendar

Period VQNPX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 5.8% -36.6% 190.6% 50.57% 3
2015 2.2% -40.3% 20.1% 14.83% 1
2014 15.5% -24.8% 100.1% 21.80% 2
2013 42.1% -93.4% 1119.1% 35.46% 2
2012 23.6% -100.0% 282.8% 29.22% 2

NAV & Total Return History

VQNPX - Holdings

Filings data as of: Mar 31, 2017

Concentration Analysis

VQNPX Category Low Category High VQNPX % Rank Quintile
Net Assets 7.5 B 9.87 K 581 B 2.94% 1
Number of Holdings 939 1 3780 2.16% 1
Net Assets in Top 10 1.31 B 13.1 K 89.3 B 4.68% 1
Weighting of Top 10 17.7% 2.2% 269.3% 31.37% 5

Top 10 Holdings

  1. Apple Inc 4.01%
  2. Johnson & Johnson 2.05%
  3. Microsoft Corp 2.10%
  4. AT&T Inc 1.59%
  5. General Electric Co 1.27%
  6. JPMorgan Chase & Co 1.25%
  7. Bank of America Corporation 1.34%
  8. Amazon.com Inc 1.60%
  9. Alphabet Inc C 1.26%
  10. Procter & Gamble Co 1.21%

Asset Allocation

Weighting Category Low Category High VQNPX % Rank Quintile
Stocks
96.57% 0.00% 136.78% 14.29% 4
Cash
3.38% -114.79% 132.07% 10.86% 2
Bonds
0.05% -38.55% 114.63% 6.75% 2
Preferred Stocks
0.00% -0.38% 88.99% 4.03% 2
Other
0.00% -81.75% 100.00% 10.36% 3
Convertible Bonds
0.00% 0.00% 78.50% 2.09% 1

Stock Sector Breakdown

Weighting Category Low Category High VQNPX % Rank Quintile
Technology
20.57% 0.00% 58.75% 8.00% 2
Financial Services
16.03% 0.00% 64.31% 14.13% 3
Healthcare
13.41% 0.00% 33.17% 16.51% 3
Consumer Cyclical
11.05% 0.00% 47.61% 15.36% 3
Industrials
9.94% -0.07% 37.01% 18.24% 3
Consumer Defense
8.59% 0.00% 55.08% 12.69% 3
Energy
5.41% -3.32% 26.02% 16.15% 4
Utilities
3.49% -2.21% 32.10% 5.70% 1
Communication Services
3.46% -0.78% 17.25% 10.74% 3
Basic Materials
2.76% -0.30% 24.95% 14.85% 3
Real Estate
1.84% -29.98% 11.80% 11.39% 3

Stock Geographic Breakdown

Weighting Category Low Category High VQNPX % Rank Quintile
US
95.53% 0.00% 112.66% 12.45% 2
Non US
1.04% -1.33% 92.21% 21.15% 4

Bond Sector Breakdown

Weighting Category Low Category High VQNPX % Rank Quintile
Cash & Equivalents
3.43% -114.84% 131.77% 10.47% 2
Derivative
0.00% -61.02% 46.77% 1.23% 1
Securitized
0.00% -3.93% 54.48% 3.32% 1
Corporate
0.00% 0.00% 93.20% 8.30% 2
Municipal
0.00% 0.00% 65.19% 2.02% 1
Government
0.00% -38.55% 76.37% 5.42% 1

Bond Geographic Breakdown

Weighting Category Low Category High VQNPX % Rank Quintile
US
0.05% -38.55% 95.09% 6.55% 1
Non US
0.00% 0.00% 35.88% 4.53% 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% 20.76% 1
Management Fee 0.31% 0.00% 2.25% 5.46% 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 0.00% 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% 5.00% 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% 3.78% 3.39% 1

Capital Gain Distribution Analysis

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

VQNPX - Managers

Philip Kearns

Manager

Start Date

Aug 15, 2014

Tenure

2.88

Tenure Rank

10.4%

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

5.75

Tenure Rank

7.3%

Mr. Stevens, CFA, is Chairman and Principal, co-founded Los Angeles Capital in 2002. He is responsible for setting the firm’s strategic goals and is also an integral member of the firm’s Portfolio Management team. Prior to co-founding the firm, he was a senior managing director and principal at Wilshire Associates. He joined Wilshire in 1980. In 1986, he assumed responsibility for Wilshire Asset Managemen. Prior to joining Wilshire, he worked for the National Bank of Detroit as a portfolio manager and was primarily responsible for major pension fund client relationships.


Hal W. Reynolds

Manager

Start Date

Sep 30, 2011

Tenure

5.75

Tenure Rank

7.3%

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. He holds a Bachelor of Arts from University of Virginia and a MBA from University of Pittsburgh.


James P. Stetler

Manager

Start Date

Jan 26, 2012

Tenure

5.43

Tenure Rank

7.5%

James P. Stetler, Principal of Vanguard. He has been with Vanguard since 1982, has worked in investment management since 1996, has managed investment portfolios since 2003, and has co-managed 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

1.43

Tenure Rank

12.0%

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

81.7

Category Average

6.08

Category Mode

2.5