VEXPX: Vanguard Explorer Inv

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VEXPX Vanguard Explorer Inv

  • Fund
  • VEXPX
  • Price as of: Dec 06, 2019
  • $107.69
    + $1.03 + 0.97%

Profile

VEXPX - Profile

Vitals

  • YTD Return 28.8%
  • 3 Yr Annualized Return 5.1%
  • 5 Yr Annualized Return 0.5%
  • Net Assets $16.9 B
  • Holdings in Top 10 8.7%

52 WEEK LOW AND HIGH

$107.69
$78.07
$108.39

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.44%

SALES FEES

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

BROKERAGE FEES

  • Turnover 50.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 28.8%
  • 3 Yr Annualized Total Return 5.1%
  • 5 Yr Annualized Total Return 0.5%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.31%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Vanguard Explorer Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Dec 11, 1967
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Kenneth L. Abrams

Fund Description

The Vanguard Explorer Fund Investor Shares (VEXPX) is a low-cost, actively managed fund that seeks to aggressively grow investor capital by betting on U.S. small-cap companies. The fund uses both fundamental and quantitative screens to find undervalued growth stocks. VEXPX also holds a small portion of its assets in stock index futures and ETFs to manage cash flows.

With its focus on riskier small-cap stocks, VEXPX makes for a great subcore position in a diversified portfolio. The fund is managed by Chartwell Investment Partners, Granahan Investment Management, Vanguard Equity Investment Group, Wellington Management Company, Kalmar Investment Advisers, Century Capital Management, Stephens Investment Management Group, and Arrowpoint Partners.


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Performance

VEXPX - Performance

Return Ranking - Trailing

Period VEXPX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.8% -49.8% 453.3% 30.41%
1 Yr 9.3% -65.7% 453.3% 39.34%
3 Yr 5.1%* -45.2% 76.9% 48.26%
5 Yr 0.5%* -32.5% 40.8% 59.96%
10 Yr 7.0%* -12.6% 17.6% 55.03%

* Annualized

Return Ranking - Calendar

Period VEXPX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.0% -67.3% 18.6% 20.27%
2017 9.8% -73.6% 36.1% 69.75%
2016 7.5% -49.0% 133.1% 46.59%
2015 -13.5% -70.7% 8.6% 68.00%
2014 -10.1% -43.5% 76.2% 65.39%

Total Return Ranking - Trailing

Period VEXPX Return Category Return Low Category Return High Rank in Category (%)
YTD 28.8% -49.8% 453.3% 30.41%
1 Yr 9.3% -65.7% 453.3% 50.91%
3 Yr 5.1%* -33.3% 76.9% 67.34%
5 Yr 0.5%* -25.4% 40.8% 82.93%
10 Yr 7.0%* -3.1% 28.4% 81.01%

* Annualized

Total Return Ranking - Calendar

Period VEXPX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.0% -67.1% 18.6% 40.89%
2017 9.8% -5.9% 42.0% 86.96%
2016 7.5% -16.4% 133.1% 64.26%
2015 -13.5% -59.6% 19.3% 84.84%
2014 -10.1% -43.5% 76.2% 85.39%

NAV & Total Return History


Holdings

VEXPX - Holdings

Concentration Analysis

VEXPX Category Low Category High VEXPX % Rank
Net Assets 16.9 B 3.44 M 25.5 B 0.81%
Number of Holdings 569 27 2025 5.35%
Net Assets in Top 10 1.4 B 369 K 2.45 B 3.24%
Weighting of Top 10 8.68% 5.3% 66.6% 95.46%

Top 10 Holdings

  1. Vanguard Small-Cap ETF 1.24%
  2. Icon PLC 1.10%
  3. Insulet Corp 1.01%
  4. Burlington Stores Inc 0.86%
  5. Clean Harbors Inc 0.80%
  6. Trinet Group Inc 0.78%
  7. Trex Co Inc 0.75%
  8. Five9 Inc 0.74%
  9. MercadoLibre Inc 0.70%
  10. Cornerstone OnDemand Inc 0.69%

Asset Allocation

Weighting Return Low Return High VEXPX % Rank
Stocks
95.98% 87.30% 103.64% 72.29%
Cash
4.02% -3.64% 16.59% 22.85%
Preferred Stocks
0.00% 0.00% 4.06% 49.43%
Other
0.00% -12.04% 8.33% 54.78%
Convertible Bonds
0.00% 0.00% 0.00% 44.25%
Bonds
0.00% 0.00% 2.16% 46.03%

Stock Sector Breakdown

Weighting Return Low Return High VEXPX % Rank
Technology
25.21% 2.71% 75.66% 40.84%
Healthcare
17.21% 0.13% 42.90% 73.42%
Industrials
17.16% 2.15% 40.13% 53.48%
Consumer Cyclical
15.82% 0.00% 26.97% 17.02%
Financial Services
6.20% -0.42% 23.28% 59.81%
Real Estate
4.52% 0.00% 12.87% 22.20%
Consumer Defense
4.17% 0.00% 13.60% 52.03%
Basic Materials
3.55% 0.00% 9.80% 36.63%
Energy
1.38% 0.00% 5.19% 32.41%
Utilities
0.66% 0.00% 7.58% 25.28%
Communication Services
0.09% 0.00% 12.31% 61.59%

Stock Geographic Breakdown

Weighting Return Low Return High VEXPX % Rank
US
92.81% 80.33% 103.64% 66.45%
Non US
3.17% 0.00% 14.36% 35.66%

Expenses

VEXPX - Expenses

Operational Fees

VEXPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.44% 0.06% 11.85% 98.68%
Management Fee 0.42% 0.05% 1.59% 2.27%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.70% N/A

Sales Fees

VEXPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

VEXPX 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.

VEXPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 50.00% 6.00% 474.00% 38.83%

Distributions

VEXPX - Distributions

Dividend Yield Analysis

VEXPX Category Low Category High VEXPX % Rank
Dividend Yield 0.27% 0.00% 0.87% 4.21%

Dividend Distribution Analysis

VEXPX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Annually Annually Annually

Net Income Ratio Analysis

VEXPX Category Low Category High VEXPX % Rank
Net Income Ratio 0.31% -2.40% 0.96% 5.79%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

VEXPX - Fund Manager Analysis

Managers

Kenneth L. Abrams


Start Date

Tenure

Tenure Rank

Feb 01, 1994

25.84

25.8%

Kenneth L. Abrams, Senior Managing Director and Equity Portfolio Manager at Wellington Management Company LLP. He has worked in investment management with Wellington Management since 1986. Education: B.A. and M.B.A., Stanford University.

James P. Stetler


Start Date

Tenure

Tenure Rank

Feb 17, 2012

7.79

7.8%

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.

Ryan Edward Crane


Start Date

Tenure

Tenure Rank

Aug 12, 2013

6.3

6.3%

Ryan Crane is the Chief Investment Officer of Stephens Investment Management Group ("SIMG"). He also serves as the Lead Portfolio Manager for SIMG's Small Cap Growth, Mid Cap Growth, Small-Mid Cap Core Growth and Small-Mid Cap Select Growth Strategies as well as two sub-advised mutual funds, the American Beacon Stephens Small Cap Growth Fund and the American Beacon Stephens Mid-Cap Growth Fund. Prior to joining SIMG in 2004, Ryan had been at AIM Capital Management since 1994, where he was a Senior Portfolio Manager for the AIM Small Cap Growth Fund and the team leader for the small/mid-cap gro

Daniel J. Fitzpatrick


Start Date

Tenure

Tenure Rank

Feb 24, 2014

5.77

5.8%

Daniel J. Fitzpatrick, CFA, Senior Managing Director and Equity Portfolio Manager at Wellington Management Company LLP. He has worked in investment management since 1997, has been with Wellington Management since 1998. Education: B.S., Boston College.

Chad Meade


Start Date

Tenure

Tenure Rank

Jun 16, 2014

5.46

5.5%

Mr. Meade, Portfolio Manager, joined Arrowpoint Asset Management, LLC in May 2013. Mr. Prior to joining Arrowpoint, Mr. Meade served as an Equity Research Analyst, Co-Portfolio Manager and Executive Vice President AT Janus Capital (2001-2013). Prior to joining Janus Capital, he was a financial analyst for Goldman Sachs’ global investment research team. Chad graduated summa cum laude from Virginia Tech with a bachelor’s degree in Finance and was a member of the Omicron Delta Kappa Honor Society.

Brian A. Schaub


Start Date

Tenure

Tenure Rank

Jun 16, 2014

5.46

5.5%

Mr. Schaub, Portfolio Manager, joined Arrowpoint in May 2013. Prior to joining Arrowpoint, Mr. Schaub served as an Equity Research Analyst, Co-Portfolio Manager and Executive Vice President at Janus Capital (2000-2013). Brian graduated cum laude from Williams College with a bachelor’s degree in Economics and won the Arthur B. Graves, Class of 1858, Essay Prize in Economics for his work on Dell Computer. He holds the Chartered Financial Analyst designation.

Binbin Guo


Start Date

Tenure

Tenure Rank

Feb 25, 2016

3.76

3.8%

Binbin Guo, Ph.D., Principal of The Vanguard Group, Inc. and head of the Alpha Equity Investment team within Vanguard’s Quantitative Equity Group. He oversees the active quantitative equity funds and separately managed equity accounts. He has been with Vanguard since 2007. Education: B.S. and M.S., Tsinghua University, China; Ph.D. and M.Phil., Yale University.

Derek J. Deutsch


Start Date

Tenure

Tenure Rank

Mar 20, 2017

2.7

2.7%

Derek manages the ClearBridge Mid Cap, ClearBridge Mid Cap Growth, ClearBridge SMID Cap Growth and ClearBridge Sustainability Leaders strategy products. Derek has 19 years of investment industry experience. He joined a predecessor organization in 1999, and spent six years as a Sector Analyst responsible for the health care sector. Prior to joining the firm, Derek worked as a special assistant at the U.S. Department of Health and Human Services in Washington, D.C., and also as a journalist covering health care policy for the American Political Network. Derek earned a BA from Brown University and an MBA from Georgetown University. He is a member of the CFA Institute and of the New York Society of Security Analysts. - See more at: https://www.clearbridge.com/about/team/portfolio-management/deutsch-derek.html?team=portfolio_management#sthash.JdhhLgNW.dpuf

Aram E. Green


Start Date

Tenure

Tenure Rank

Mar 20, 2017

2.7

2.7%

18 years of investment industry experience; Joined ClearBridge Investments in 2006 Hygrove Partners, LLC - Equity Analyst iCollege - Co-founder, Executive Vice President; BA from Union College

Jeffrey J. Russell


Start Date

Tenure

Tenure Rank

Mar 20, 2017

2.7

2.7%

38 years of investment industry experience; Joined a predecessor firm in 1990; Member of the ClearBridge Management Committee; Member of the New York Society of Security Analysts Member of the CFA Institute; Drexel Burnham Lambert - International Portfolio Manager, a Media Analyst and a Global Portfolio Manager MBA from the Wharton School at the University of Pennsylvania; BS in Civil Engineering from the Massachusetts Institute of Technology.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 28.34 7.82 2.75