VMRGX: Vanguard Morgan™ Growth Inv

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VMRGX Vanguard Morgan™ Growth Inv


Profile

VMRGX - Profile

Vitals

  • YTD Return 64.3%
  • 3 Yr Annualized Return 16.4%
  • 5 Yr Annualized Return 12.7%
  • Net Assets $14.8 B
  • Holdings in Top 10 33.8%

52 WEEK LOW AND HIGH

$42.70
$24.05
$43.86

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.37%

SALES FEES

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

BROKERAGE FEES

  • Turnover 47.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Dec 17, 2018
  • Standard (Taxable) $3,000
  • IRA $3,000

Fund Classification

  • Primary Caregory N/A
  • Fund Type Open End Mutual Fund
  • Investment Style Large Growth

Distributions

  • YTD Total Return 64.3%
  • 3 Yr Annualized Total Return 16.4%
  • 5 Yr Annualized Total Return 12.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.66%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Vanguard Morgan™ Growth Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Dec 31, 1968
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James P. Stetler

Fund Description

The fund invests mainly in the stocks of mid- and large-capitalization U.S. companies whose revenues and/or earnings are expected to grow faster than those of the average company in the market. It uses multiple investment advisors. Each advisor independently selects and maintains a portfolio of common stocks for the fund.


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Categories

Fund Company Quick Screens

VMRGX - Fund Company Quick Screens


Performance

VMRGX - Performance

Return Ranking - Trailing

Period VMRGX Return Category Return Low Category Return High Rank in Category (%)
YTD 64.3% -68.1% 132.5% 0.39%
1 Yr 11.9% -67.5% 138.0% 0.31%
3 Yr 16.4%* -47.7% 28.5% 11.84%
5 Yr 12.7%* -38.8% 16.8% 18.95%
10 Yr 16.7%* -18.3% 16.8% 35.41%

* Annualized

Return Ranking - Calendar

Period VMRGX Return Category Return Low Category Return High Rank in Category (%)
2019 -11.2% -65.5% 13.4% 40.29%
2018 20.1% -46.3% 37.5% 44.27%
2017 -2.2% -43.3% 15.3% 61.43%
2016 -1.7% -38.0% 11.4% 37.89%
2015 -1.1% -52.4% 105.4% 65.33%

Total Return Ranking - Trailing

Period VMRGX Return Category Return Low Category Return High Rank in Category (%)
YTD 64.3% -68.1% 132.5% 0.39%
1 Yr 11.9% -67.5% 138.0% 0.31%
3 Yr 16.4%* -47.7% 40.2% 16.59%
5 Yr 12.7%* -38.8% 23.0% 30.53%
10 Yr 16.7%* -18.3% 18.8% 62.06%

* Annualized

Total Return Ranking - Calendar

Period VMRGX Return Category Return Low Category Return High Rank in Category (%)
2019 -11.2% -65.5% 16.5% 61.91%
2018 20.1% -28.2% 51.5% 76.12%
2017 -2.2% -43.3% 17.1% 79.52%
2016 -1.7% -38.0% 17.3% 69.49%
2015 -1.1% -52.4% 120.7% 86.05%

NAV & Total Return History


Holdings

VMRGX - Holdings

Concentration Analysis

VMRGX Category Low Category High VMRGX % Rank
Net Assets 14.8 B 1.25 M 199 B 8.46%
Number of Holdings 243 7 2081 9.53%
Net Assets in Top 10 4.64 B 429 K 53.6 B 10.61%
Weighting of Top 10 33.82% 11.9% 100.0% 79.40%

Top 10 Holdings

  1. Amazon.com Inc 6.53%
  2. Microsoft Corp 5.11%
  3. Apple Inc 3.84%
  4. Alphabet Inc Class C 3.63%
  5. Mastercard Inc A 3.08%
  6. Netflix Inc 2.61%
  7. Facebook Inc A 2.35%
  8. Visa Inc Class A 2.33%
  9. Salesforce.com Inc 2.19%
  10. Tesla Inc 2.14%

Asset Allocation

Weighting Return Low Return High VMRGX % Rank
Stocks
96.57% 80.50% 105.55% 81.86%
Cash
3.32% -5.55% 16.25% 16.45%
Bonds
0.12% -0.51% 3.92% 3.07%
Preferred Stocks
0.00% 0.00% 2.51% 49.50%
Other
0.00% -0.49% 3.79% 51.81%
Convertible Bonds
0.00% 0.00% 0.02% 42.58%

Stock Sector Breakdown

Weighting Return Low Return High VMRGX % Rank
Technology
35.17% 6.90% 58.59% 22.06%
Consumer Cyclical
21.03% 0.00% 49.54% 7.84%
Healthcare
13.11% 0.00% 46.23% 58.49%
Financial Services
12.38% 0.00% 32.66% 48.73%
Industrials
7.55% 0.00% 24.88% 65.72%
Consumer Defense
4.27% 0.00% 18.34% 55.50%
Real Estate
0.94% 0.00% 12.48% 66.26%
Basic Materials
0.81% 0.00% 10.78% 68.79%
Communication Services
0.51% 0.00% 27.25% 78.94%
Energy
0.36% -0.02% 7.24% 47.12%
Utilities
0.05% -0.01% 9.70% 30.21%

Stock Geographic Breakdown

Weighting Return Low Return High VMRGX % Rank
US
90.85% 80.50% 100.51% 67.72%
Non US
5.72% 0.00% 17.37% 37.43%

Bond Sector Breakdown

Weighting Return Low Return High VMRGX % Rank
Cash & Equivalents
3.32% -2.43% 47.35% 16.94%
Government
0.12% 0.00% 3.92% 1.01%
Derivative
0.00% -0.06% 0.21% 45.30%
Securitized
0.00% 0.00% 0.69% 43.20%
Corporate
0.00% 0.00% 8.26% 51.20%
Municipal
0.00% 0.00% 0.29% 43.12%

Bond Geographic Breakdown

Weighting Return Low Return High VMRGX % Rank
US
0.12% -0.51% 3.92% 3.00%
Non US
0.00% 0.00% 0.36% 43.04%

Expenses

VMRGX - Expenses

Operational Fees

VMRGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.37% 0.00% 165.48% 96.95%
Management Fee 0.36% 0.00% 1.40% 8.92%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 1.02% N/A

Sales Fees

VMRGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.50% 25.00% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

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

VMRGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.00% 0.00% 807.00% 59.84%

Distributions

VMRGX - Distributions

Dividend Yield Analysis

VMRGX Category Low Category High VMRGX % Rank
Dividend Yield 0.00% 0.00% 16.55% 50.35%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

VMRGX Category Low Category High VMRGX % Rank
Net Income Ratio 0.66% -7.55% 1.83% 15.09%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

VMRGX - Fund Manager Analysis

Managers

James P. Stetler


Start Date

Tenure

Tenure Rank

Dec 31, 2003

15.26

15.3%

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.

Kathleen A. McCarragher


Start Date

Tenure

Tenure Rank

Jan 08, 2007

12.23

12.2%

Kathleen A. McCarragher is a managing director, the head of growth equity, and a large cap growth equity portfolio manager. She joined Jennison Associates in May 1998. Prior to Jennison, Kathleen spent six years with Weiss, Peck & Greer, where she was a managing director and the director of large cap growth equities. In addition, Kathleen spent 10 years with State Street Research & Management, initially as a research analyst responsible for health care, transports, and financials and then as a portfolio manager and member of the investment committee. She received a BBA from the University of Wisconsin-Eau Claire, summa cum laude, and an MBA from Harvard Business School.

Blair A. Boyer


Start Date

Tenure

Tenure Rank

Jan 28, 2014

5.17

5.2%

Blair A. Boyer is a managing director and a large cap growth equity portfolio manager. He joined Jennison Associates in March 1993. Prior to joining the Growth Equity team in 2003, Blair co-managed international equity portfolios for 10 years. During his tenure as an international equity portfolio manager, he managed the Jennison International Growth Fund from its inception in March 2000. Blair managed international equity portfolios at Bleichroeder from 1989 to 1993. Prior to that, he was a research analyst and then a senior portfolio manager in the Verus Capital division at Bleichroeder beginning in 1983. He received a BA in economics from Bucknell University and an MBA in finance from New York University.

Binbin Guo


Start Date

Tenure

Tenure Rank

Jan 26, 2016

3.18

3.2%

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.

Andrew J. Shilling


Start Date

Tenure

Tenure Rank

Dec 17, 2018

0.28

0.3%

Andrew J. Shilling, CFA, Senior Vice President and Equity Portfolio Manager of Wellington Management. He has worked in investment management for Wellington Management since 1994, has managed investment portfolios since 2000, and has managed a portion of the Fund since 2010. Education: B.A., Amherst College; M.B.A., Tuck School of Business, Dartmouth College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 51.95 7.96 0.42