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VHCOX Vanguard Capital Opportunity Inv

  • Fund
  • VHCOX
  • Price as of: Sep 17, 2019
  • $66.13 + $0.19 + 0.29%

VHCOX - Profile

Vitals

  • YTD Return 15.7%
  • 3 Yr Annualized Return 7.2%
  • 5 Yr Annualized Return 4.6%
  • Net Assets $16.2 B
  • Holdings in Top 10 27.8%

52 WEEK LOW AND HIGH

$66.13
$53.34
$76.11

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.43%

SALES FEES

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

BROKERAGE FEES

  • Turnover 10.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Dec 09, 2013

STANDARD (TAXABLE)

$3,000

IRA

$3,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 15.7%
  • 3 Yr Annualized Total Return 7.2%
  • 5 Yr Annualized Total Return 4.6%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.62%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Vanguard Capital Opportunity Fund
  • Fund Family Name Vanguard
  • Inception Date Aug 14, 1995
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Theo A. Kolokotrones

Fund Description

The Vanguard Capital Opportunity Fund Investor Shares (VHCOX) is an actively managed fund that targets small-, mid- and large-cap stocks within the U.S. equity markets. VHCOX follows a style of investing known as GARP, which looks at growth stocks trading for decent prices. Growth and value are mixed together in one stock. The fund has no sector requirements and is allowed to be very concentrated on both of those fronts.

VHCOX’s aggressive stance makes the fund a tactical position in a broader equity portfolio. The fund is managed by PRIMECAP Management Company.

VHCOX - Performance

Return Ranking - Trailing

Period VHCOX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.7% -34.6% 38.4% 93.72%
1 Yr -12.1% -63.5% 19.0% 79.51%
3 Yr 7.2%* -39.2% 22.7% 49.95%
5 Yr 4.6%* -32.5% 15.3% 32.89%
10 Yr 8.9%* -14.0% 16.4% 31.99%

* Annualized


Return Ranking - Calendar

Period VHCOX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.0% -65.5% 9.4% 60.12%
2017 23.5% -46.3% 37.5% 24.51%
2016 4.7% -43.3% 13.0% 20.82%
2015 -2.5% -38.0% 11.4% 43.35%
2014 14.2% -52.4% 105.4% 3.46%

Total Return Ranking - Trailing

Period VHCOX Return Category Return Low Category Return High Rank in Category (%)
YTD 15.7% -34.6% 38.4% 93.72%
1 Yr -12.1% -63.5% 19.9% 86.67%
3 Yr 7.2%* -39.2% 27.5% 79.00%
5 Yr 4.6%* -32.5% 16.4% 74.29%
10 Yr 8.9%* -14.0% 17.3% 73.92%

* Annualized


Total Return Ranking - Calendar

Period VHCOX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.0% -65.5% 16.5% 75.52%
2017 23.5% -28.2% 51.5% 63.95%
2016 4.7% -43.3% 15.6% 33.80%
2015 -2.5% -38.0% 17.3% 75.50%
2014 14.2% -52.4% 120.7% 9.86%

NAV & Total Return History

VHCOX - Holdings

Concentration Analysis

VHCOX Category Low Category High VHCOX % Rank
Net Assets 16.2 B 1.12 M 188 B 6.96%
Number of Holdings 158 7 2106 14.72%
Net Assets in Top 10 4.71 B 301 K 56.6 B 11.16%
Weighting of Top 10 27.76% 11.7% 100.0% 87.10%

Top 10 Holdings

  1. Eli Lilly and Co 3.61%

  2. Southwest Airlines Co 3.00%

  3. Adobe Inc 2.97%

  4. Biogen Inc 2.95%

  5. Amgen Inc 2.88%

  6. United Airlines Holdings Inc 2.81%

  7. Microsoft Corp 2.58%

  8. Biomarin Pharmaceutical Inc 2.57%

  9. Texas Instruments Inc 2.27%

  10. Alibaba Group Holding Ltd ADR 2.11%


Asset Allocation

Weighting Return Low Return High VHCOX % Rank
Stocks
97.44% 85.30% 101.37% 65.11%
Cash
2.56% -2.02% 14.62% 31.01%
Preferred Stocks
0.00% 0.00% 5.08% 83.07%
Other
0.00% -0.63% 3.74% 81.01%
Convertible Bonds
0.00% 0.00% 0.10% 80.70%
Bonds
0.00% 0.00% 2.29% 81.80%

Stock Sector Breakdown

Weighting Return Low Return High VHCOX % Rank
Technology
32.80% 6.68% 62.82% 53.80%
Healthcare
27.46% 0.68% 45.99% 1.03%
Industrials
17.06% 0.00% 28.35% 3.01%
Consumer Cyclical
9.96% 0.00% 34.07% 94.22%
Financial Services
8.09% 0.00% 39.16% 82.99%
Energy
1.81% -0.01% 11.07% 26.66%
Consumer Defense
0.02% 0.00% 18.23% 91.46%
Communication Services
0.01% 0.00% 13.96% 74.29%
Utilities
0.00% -0.01% 7.75% 85.68%
Real Estate
0.00% 0.00% 7.16% 93.43%
Basic Materials
0.00% 0.00% 10.95% 96.99%

Stock Geographic Breakdown

Weighting Return Low Return High VHCOX % Rank
US
84.78% 79.62% 100.21% 91.14%
Non US
12.66% 0.00% 16.82% 4.03%

VHCOX - Expenses

Operational Fees

VHCOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.43% 0.00% 283.30% 95.63%
Management Fee 0.42% 0.00% 1.40% 12.42%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

VHCOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.50% 25.00% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

VHCOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.50% 5.00% 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.

VHCOX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 10.00% 0.00% 476.00% 5.21%

VHCOX - Distributions

Dividend Yield Analysis

VHCOX Category Low Category High VHCOX % Rank
Dividend Yield 0.72% 0.00% 15.70% 7.20%

Dividend Distribution Analysis

VHCOX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

VHCOX Category Low Category High VHCOX % Rank
Net Income Ratio 0.62% -7.60% 1.83% 14.49%

Capital Gain Distribution Analysis

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

VHCOX - Managers

Theo A. Kolokotrones

Manager

Start Date

Tenure

Tenure Rank

Feb 01, 1998

21.59

21.6%

Kolokotrones is President and Co-Founder of PRIMECAP Management Company. He co-founded PRIMECAP Management Company in September 1983. He is the lead manager of Vanguard Capital Opportunity and Odyssey Aggressive Growth fund. Previously, Kolokotrones spent six years at Capital Research Company, most recently as Senior Vice President. He has held portfolio management responsibilities since 1979. From 1970 to 1977, Kolokotrones was Vice President and Senior Financial Analyst at Smith Barney, Harris Upham and Company in New York.


Joel P. Fried

Manager

Start Date

Tenure

Tenure Rank

Feb 01, 1998

21.59

21.6%

Joel P. Fried, President of PRIMECAP. He has worked in investment management since 1985, has been with PRIMECAP since 1986, has managed assets since 1987. Education: B.S., University of California, Los Angeles; M.B.A., Anderson Graduate School of Business, University of California, Los Angeles.


Alfred W. Mordecai

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 1999

19.68

19.7%

Alfred W. Mordecai, Vice Chairman of PRIMECAP Management Company. Mr. Mordecai joined PRIMECAP Management Company in August 1997. In 1996, he was an associate at McKinsey and Company. From 1990 to 1995, he worked as a nuclear engineer and program manager for the Naval Nuclear Propulsion Directorate, a joint U.S. Navy and Department of Energy organization. Mr. Mordecai graduated with a degree in Mechanical Engineering from Duke University. He has a master’s degree in Systems Engineering from Virginia Polytechnic Institute and State University and is a graduate of the Harvard Graduate School of Business Administration.


M. Mohsin Ansari

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2007

11.67

11.7%

Mr. Ansari joined PRIMECAP Management Company in July 2000. From 1994 to 1998, he worked at Weyerhaeuser Company on various assignments ranging from managing capital projects to coordinating production at mills. In 1999, he was an Associate at Andersen Consulting. Mr. Ansari graduated from Colgate University with a bachelor’s degree in Physics and from Washington University with a bachelor’s degree in Chemical Engineering. He also has an M.B.A. from the Harvard Graduate School of Business Administration.


James M. Marchetti

Manager

Start Date

Tenure

Tenure Rank

Jan 27, 2015

4.59

4.6%

James Marchetti, Senior Vice President, Portfolio Manager, and Principal of PRIMECAP. Mr. Marchetti joined PRIMECAP Management Company in September 2005. In 2004, he worked as a product analyst in Fidelity's Strategic Investments group. From 1996 to 2003, he ran the software division of IntelliSense, a start-up acquired by Corning Inc. in 2001. Mr. Marchetti holds an MBA degree from MIT-Sloan and a bachelor's degree in Chemical Engineering, also from MIT, where he completed a thesis focused on recombinant protein recovery and purification techniques.


Tenure Analysis

Category Low

0.0

Category High

51.7

Category Average

8.11

Category Mode

0.33