VASVX: Vanguard Selected Value Inv

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VASVX Vanguard Selected Value Inv

  • Fund
  • VASVX
  • Price as of: Dec 12, 2019
  • $28.89
    + $0.41 + 1.44%

Profile

VASVX - Profile

Vitals

  • YTD Return 28.5%
  • 3 Yr Annualized Return -1.9%
  • 5 Yr Annualized Return -0.1%
  • Net Assets $8 B
  • Holdings in Top 10 19.1%

52 WEEK LOW AND HIGH

$28.89
$21.28
$28.89

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.36%

SALES FEES

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

BROKERAGE FEES

  • Turnover 31.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000
  • IRA $3,000

Fund Classification


Distributions

  • YTD Total Return 28.5%
  • 3 Yr Annualized Total Return -1.9%
  • 5 Yr Annualized Total Return -0.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.61%
DIVIDENDS
  • Dividend Yield 1.8%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Vanguard Selected Value Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Feb 15, 1996
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James P. Barrow

Fund Description

The Vanguard Selected Value Fund Investor Shares (VASVX) is a low-cost, actively managed fund that focuses on mid-cap value stocks. VASVX seeks to provide investors with long-term capital appreciation, with income as a side objective. The fund uses a multimanager approach to portfolio construction in which each manager is given a set percentage of the fund’s assets. While each manager may use different fundamental metrics, the common theme for the fund is undervalued stocks. The fund has no constraints with regards to sector or industry weightings.

VASVX is considered a concentrated portfolio, holding just 100 to 160 different stocks. As such, it’s best used as a satellite position, complementing a broad mid-cap fund holding.


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Performance

VASVX - Performance

Return Ranking - Trailing

Period VASVX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.5% -92.4% 33.3% 7.14%
1 Yr 9.1% -92.8% 25.4% 50.79%
3 Yr -1.9%* -58.0% 10.7% 68.79%
5 Yr -0.1%* -39.2% 10.3% 64.47%
10 Yr 6.0%* -18.3% 13.3% 62.34%

* Annualized

Return Ranking - Calendar

Period VASVX Return Category Return Low Category Return High Rank in Category (%)
2018 -28.1% -36.8% -7.3% 87.98%
2017 8.7% -16.5% 19.3% 40.62%
2016 11.3% -14.6% 28.1% 76.75%
2015 -8.9% -29.2% 0.2% 44.63%
2014 0.6% -44.7% 52.5% 58.80%

Total Return Ranking - Trailing

Period VASVX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.5% -92.4% 33.3% 7.14%
1 Yr 9.1% -92.8% 25.4% 58.99%
3 Yr -1.9%* -57.7% 11.2% 91.82%
5 Yr -0.1%* -38.8% 11.0% 93.09%
10 Yr 6.0%* -18.0% 13.3% 90.91%

* Annualized

Total Return Ranking - Calendar

Period VASVX Return Category Return Low Category Return High Rank in Category (%)
2018 -28.1% -32.7% -4.1% 91.80%
2017 8.7% -3.5% 26.9% 76.31%
2016 11.3% -2.5% 29.0% 96.18%
2015 -8.9% -29.2% 5.0% 79.53%
2014 0.6% -44.0% 52.9% 87.27%

NAV & Total Return History


Holdings

VASVX - Holdings

Concentration Analysis

VASVX Category Low Category High VASVX % Rank
Net Assets 8 B 708 K 20.9 B 14.32%
Number of Holdings 121 3 2560 22.14%
Net Assets in Top 10 1.51 B 157 K 3.07 B 11.46%
Weighting of Top 10 19.08% 7.1% 99.5% 64.84%

Top 10 Holdings

  1. AerCap Holdings NV 2.56%
  2. Axis Capital Holdings Ltd 2.50%
  3. Air France-KLM ADR 2.06%
  4. Edison International 1.79%
  5. JetBlue Airways Corp 1.77%
  6. Willis Towers Watson PLC 1.74%
  7. Dollar General Corp 1.71%
  8. Stanley Black & Decker Inc 1.69%
  9. Unum Group 1.63%
  10. Healthpeak Properties Inc 1.63%

Asset Allocation

Weighting Return Low Return High VASVX % Rank
Stocks
94.47% 85.24% 100.00% 88.28%
Cash
5.51% 0.00% 14.76% 11.98%
Bonds
0.02% 0.00% 1.54% 10.16%
Preferred Stocks
0.00% 0.00% 0.27% 54.43%
Other
0.00% -0.27% 2.40% 55.73%
Convertible Bonds
0.00% 0.00% 0.00% 54.17%

Stock Sector Breakdown

Weighting Return Low Return High VASVX % Rank
Financial Services
23.17% 2.50% 31.10% 17.97%
Industrials
21.11% 2.71% 26.69% 3.39%
Consumer Cyclical
14.93% 1.39% 37.06% 21.61%
Basic Materials
7.90% 0.00% 13.91% 14.84%
Technology
6.13% 0.00% 26.45% 86.20%
Real Estate
5.58% 0.00% 19.27% 76.04%
Energy
5.42% 0.00% 34.90% 45.57%
Utilities
5.11% 0.00% 13.64% 66.15%
Consumer Defense
3.66% 0.00% 20.48% 66.67%
Healthcare
1.44% 0.00% 23.73% 97.40%
Communication Services
0.00% 0.00% 11.99% 86.98%

Stock Geographic Breakdown

Weighting Return Low Return High VASVX % Rank
US
82.88% 81.43% 99.80% 98.18%
Non US
11.59% 0.00% 14.74% 0.52%

Bond Sector Breakdown

Weighting Return Low Return High VASVX % Rank
Cash & Equivalents
5.51% 0.00% 10.82% 12.07%
Government
0.02% 0.00% 0.16% 4.20%
Derivative
0.00% -0.02% 0.00% 52.49%
Securitized
0.00% 0.00% 1.40% 55.64%
Corporate
0.00% 0.00% 3.94% 60.10%
Municipal
0.00% 0.00% 0.39% 54.33%

Bond Geographic Breakdown

Weighting Return Low Return High VASVX % Rank
US
0.02% 0.00% 1.50% 10.16%
Non US
0.00% 0.00% 0.04% 55.73%

Expenses

VASVX - Expenses

Operational Fees

VASVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.36% 0.00% 225.30% 98.68%
Management Fee 0.34% 0.00% 1.25% 3.39%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.47% N/A

Sales Fees

VASVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

VASVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

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.

VASVX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 31.00% 0.01% 708.00% 25.85%

Distributions

VASVX - Distributions

Dividend Yield Analysis

VASVX Category Low Category High VASVX % Rank
Dividend Yield 1.75% 0.00% 4.32% 1.82%

Dividend Distribution Analysis

VASVX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Quarterly Annually

Net Income Ratio Analysis

VASVX Category Low Category High VASVX % Rank
Net Income Ratio 1.61% -0.89% 3.90% 11.58%

Capital Gain Distribution Analysis

VASVX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

VASVX - Fund Manager Analysis

Managers

James P. Barrow


Start Date

Tenure

Tenure Rank

Mar 25, 1999

20.7

20.7%

During Mr. Barrow’s 56-year investment career, he has worked as a securities analyst and portfolio manager for several major institutions including Citizens & Southern Bank of South Carolina, Atlantic Richfield, and Reliance Insurance. In 1973, he joined Republic National Bank of Dallas as a portfolio manager, where he worked with Tim Hanley and John Strauss. He later was placed in charge of the Employee Benefit Portfolio Group and was a member of the Trust Investment Committee until the founding of this firm in 1979. Mr. Barrow graduated from the University of South Carolina with a BS.

Mark Giambrone


Start Date

Tenure

Tenure Rank

Dec 18, 2002

16.96

17.0%

Mark joined BHMS in 1999. Prior to joining BHMS, Mark served as a portfolio consultant at HOLT Value Associates. During his 23-year career, he has also served as a senior auditor/ tax specialist for KMPG Peat Mearwick and Ernst & Young Kenneth Leventhal. Mark graduated summa cum laude from Indiana University with a BS in Business and received an MBA from the University of Chicago.

Richard Lawrence Greenberg


Start Date

Tenure

Tenure Rank

Feb 25, 2005

14.77

14.8%

Richard L. Greenberg, CFA, Senior Portfolio Manager at Donald Smith & Co. He has worked in investment management since 1981. He has been with the investment advisory firm that was founded as Home Portfolio Advisors and renamed Donald Smith & Co., Inc., since 1981. Mr. Greenberg began his investment industry career at Home Insurance Co. as an industry analyst, focusing primarily on the metals, banking and housing sectors. He graduated Phi Beta Kappa from SUNY (Binghamton) with a B.A. in psychology, and received his MBA from Wharton Business School. Mr. Greenberg is also a CFA Charterholder.

Richard S. Pzena


Start Date

Tenure

Tenure Rank

Mar 31, 2014

5.67

5.7%

Mr. Pzena is the Founder, Managing Principal, Chief Executive Officer and Co-Chief Investment Officer of the firm. Prior to forming Pzena Investment Management in 1995, Mr. Pzena was the Director of U.S. Equity Investments and Chief Research Officer for Sanford C. Bernstein & Company. He joined Bernstein in 1986 as an oil industry analyst and was named to the Institutional Investor All America Research Team from 1988-1990. During 1990 and 1991, Mr. Pzena served as Chief Investment Officer, Small Cap Equities, and assumed his broader domestic equity role in 1991. Prior to joining Bernstein, Mr. Pzena worked for the Amoco Corporation in various financial and planning roles. He earned a B.S. summa cum laude and an M.B.A. from the Wharton School of the University of Pennsylvania in 1979 and 1980 respectively.

John J. Flynn


Start Date

Tenure

Tenure Rank

Dec 31, 2015

3.92

3.9%

John J. Flynn, Principal and Portfolio Manager. Mr. Flynn is a co-portfolio manager for the SMID Cap Value, U.S. Mid Cap and Large Cap strategies, along with the Focused Value and Small Cap Focused Value services. Mr. Flynn became a member of the firm in 2005. Prior to joining Pzena Investment Management, Mr. Flynn was an associate at Weston Presidio, a middle-market private equity investment firm. He earned a B.A. in Music from Yale University and an M.B.A. with distinction from the Harvard Business School.

Benjamin S. Silver


Start Date

Tenure

Tenure Rank

Feb 23, 2017

2.77

2.8%

CFA, CPA, Principal, and Portfolio Manager. Mr. Silver serves as co-portfolio manager for the U.S. large cap, U.S. mid cap, and global strategies, Focused Value, and Small Cap Focused Value. Prior to joining Pzena Investment Management, Mr. Silver was a research analyst at Levitas & Company, a value based equity hedge funds and a manager for Ernst & Young LLP in their Financial Services Group. He earned a B.S. magna cum laude in Accounting from Sy Syms School of Business at Yeshiva University. Mr. Silver is a Certified Public Accountant and holds the Chartered Financial Analyst designation.

Jon Hartsel


Start Date

Tenure

Tenure Rank

Nov 14, 2019

0.04

0.0%

Jon Hartsel, CFA, Co-Chief Investment Officer, and Director of Research of Donald Smith & Co. He has worked in investment management since 1995, has been with Donald Smith & Co. since 2003, and co-managed a portion of the Fund since 2019. Education: B.A., William & Mary; M.B.S. Columbia Business School.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 33.09 7.4 8.42