VCMDX: Vanguard Commodity Strategy Fund

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VCMDX Vanguard Commodity Strategy Fund


Profile

VCMDX - Profile

Vitals

  • YTD Return -5.8%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $261 M
  • Holdings in Top 10 52.9%

52 WEEK LOW AND HIGH

$24.10
$23.66
$25.87

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.20%

SALES FEES

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

BROKERAGE FEES

  • Turnover 7.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $50,000
  • IRA N/A

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Commodities Broad Basket

Distributions

  • YTD Total Return -5.8%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.65%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Vanguard Commodity Strategy Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Jun 25, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Other
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Anatoly Shtekhman

Fund Description

The fund’s advisor employs an active investment management approach to invest the fund’s assets in commodity-linked investments, which are backed by a portfolio of inflation-linked investments and other fixed income securities. It invests in instruments that create long and short exposure to commodities, including commodity-linked total return swaps, commodity futures contracts and options on commodity futures contracts, commodity-linked structured notes, exchange-traded commodity pools or funds, and other commodity-linked derivative instruments. It is non-diversified.


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Categories

Performance

VCMDX - Performance

Return Ranking - Trailing

Period VCMDX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.8% -10.4% 4.6% 26.13%
1 Yr N/A -16.3% 7.5% N/A
3 Yr N/A* -15.5% 3.0% N/A
5 Yr N/A* -20.9% -2.8% N/A
10 Yr N/A* -16.2% 17.6% N/A

* Annualized

Return Ranking - Calendar

Period VCMDX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -8.3% 16.6% N/A
2018 N/A -42.9% -0.2% N/A
2017 N/A -13.1% 10.5% N/A
2016 N/A 3.1% 22.1% N/A
2015 N/A -64.9% -7.2% N/A

Total Return Ranking - Trailing

Period VCMDX Return Category Return Low Category Return High Rank in Category (%)
YTD -5.8% -10.4% 4.6% 26.13%
1 Yr N/A -16.3% 7.5% N/A
3 Yr N/A* -15.5% 3.5% N/A
5 Yr N/A* -18.1% -2.0% N/A
10 Yr N/A* -12.7% 20.8% N/A

* Annualized

Total Return Ranking - Calendar

Period VCMDX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -8.3% 16.6% N/A
2018 N/A -42.9% -0.2% N/A
2017 N/A -8.3% 10.9% N/A
2016 N/A 3.1% 23.2% N/A
2015 N/A -62.9% -7.2% N/A

NAV & Total Return History


Holdings

VCMDX - Holdings

Concentration Analysis

VCMDX Category Low Category High VCMDX % Rank
Net Assets 261 M 1.19 M 7.65 B 59.46%
Number of Holdings 19 4 897 72.07%
Net Assets in Top 10 112 M -65.8 M 1.94 B 47.75%
Weighting of Top 10 52.85% 0.7% 160.5% 54.05%

Top 10 Holdings

  1. United States Treasury Notes 6.17%
  2. United States Treasury Notes 5.70%
  3. United States Treasury Notes 5.34%
  4. United States Treasury Notes 5.18%
  5. United States Treasury Notes 5.17%
  6. United States Treasury Notes 5.15%
  7. United States Treasury Notes 5.11%
  8. United States Treasury Notes 5.09%
  9. United States Treasury Notes 5.00%
  10. United States Treasury Notes 4.93%

Asset Allocation

Weighting Return Low Return High VCMDX % Rank
Bonds
71.50% 0.00% 86.67% 25.23%
Cash
28.50% -30.84% 97.16% 47.75%
Stocks
0.00% -2.22% 81.09% 80.18%
Preferred Stocks
0.00% 0.00% 0.00% 76.58%
Other
0.00% -2.17% 104.80% 95.50%
Convertible Bonds
0.00% 0.00% 2.62% 80.18%

Bond Sector Breakdown

Weighting Return Low Return High VCMDX % Rank
Government
71.50% 0.00% 96.14% 8.11%
Cash & Equivalents
28.50% 3.86% 100.00% 68.47%
Derivative
0.00% 0.00% 7.31% 78.38%
Securitized
0.00% 0.00% 45.86% 81.08%
Corporate
0.00% 0.00% 62.98% 82.88%
Municipal
0.00% 0.00% 0.66% 78.38%

Bond Geographic Breakdown

Weighting Return Low Return High VCMDX % Rank
US
71.50% 0.00% 100.21% 11.71%
Non US
0.00% -13.54% 23.85% 76.58%

Expenses

VCMDX - Expenses

Operational Fees

VCMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.20% 0.01% 3.15% 99.08%
Management Fee 0.10% 0.00% 1.75% 1.80%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.04% 0.45% N/A

Sales Fees

VCMDX 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% 4.00% N/A

Trading Fees

VCMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 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.

VCMDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 7.00% 0.00% 5463.00% 34.23%

Distributions

VCMDX - Distributions

Dividend Yield Analysis

VCMDX Category Low Category High VCMDX % Rank
Dividend Yield 0.64% 0.00% 1.99% 9.01%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

VCMDX Category Low Category High VCMDX % Rank
Net Income Ratio 1.65% -1.16% 3.57% 17.12%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

VCMDX - Fund Manager Analysis

Managers

Anatoly Shtekhman


Start Date

Tenure

Tenure Rank

Jun 25, 2019

0.6

0.6%

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.

Joshua Barrickman


Start Date

Tenure

Tenure Rank

Jun 25, 2019

0.6

0.6%

Joshua C. Barrickman, CFA, Principal of Vanguard and head of Vanguard’s Fixed Income Indexing Americas. He has been with Vanguard since 1998, has worked in investment management since 1999, has managed investment portfolios since 2005, and has co-managed the Fund since 2013. Education: B.S., Ohio Northern University; M.B.A., Lehigh University.

Fei Xu


Start Date

Tenure

Tenure Rank

Jun 25, 2019

0.6

0.6%

Fei Xu, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since 2004. Education: B.S., Peking University; M.S., University of California, Los Angeles; M.B.A., Duke University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 14.7 5.62 9.18