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VMRGX Vanguard Morgan™ Growth Inv

  • Fund
  • VMRGX
  • Price as of: N/A
  • N/A N/A N/A
  • Category
  • Large Cap Growth Equities

VMRGX - Profile

Vitals

  • YTD Return N/A
  • 3 Yr Annualized Return 18.0%
  • 5 Yr Annualized Return 11.7%
  • Net Assets $15.1 B
  • Holdings in Top 10 33.8%

52 WEEK LOW AND HIGH

N/A
N/A
N/A

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

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return N/A
  • 3 Yr Annualized Total Return 18.0%
  • 5 Yr Annualized Total Return 11.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.66%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Vanguard Morganâ„¢ 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 Andrew J. Shilling

Fund Description

The Vanguard Morgan Growth Fund Investor Shares (VMRGX) is a low-cost, actively managed fund that seeks to aggressively grow invested capital over the long term. The fund uses a multimanager approach; managers apply various fundamental and quantitative screens in order to find the best mid- and large-cap U.S. stocks with the potential for growth relative to the Russell 3000 Growth Index.

Given its low costs and focus on growth, VMRGX makes for a great subcore position in a diversified portfolio of equities. The fund is managed by Vanguard Equity Investment Group, Wellington Management Company LLP, Kalmar Investment Advisers, Jennison Associates LLC and Frontier Capital Management Co., LLC.

VMRGX - Performance

Return Ranking - Trailing

Period VMRGX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A -7.9% 26.7% N/A
1 Yr 7.1% -63.9% 13.6% N/A
3 Yr 18.0%* -38.0% 20.9% N/A
5 Yr 11.7%* -30.7% 21.4% N/A
10 Yr 17.3%* -12.3% 17.3% N/A

* Annualized


Return Ranking - Calendar

Period VMRGX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -65.5% 5.0% N/A
2017 N/A -24.8% 41.0% N/A
2016 N/A -56.6% 18.1% N/A
2015 N/A -38.0% 11.4% N/A
2014 N/A -52.4% 105.4% N/A

Total Return Ranking - Trailing

Period VMRGX Return Category Return Low Category Return High Rank in Category (%)
YTD N/A 0.0% 26.7% N/A
1 Yr 7.1% -63.9% 26.9% N/A
3 Yr 18.0%* -38.0% 27.3% N/A
5 Yr 11.7%* -30.7% 30.0% N/A
10 Yr 17.3%* -12.3% 19.0% N/A

* Annualized


Total Return Ranking - Calendar

Period VMRGX Return Category Return Low Category Return High Rank in Category (%)
2018 N/A -65.5% 16.5% N/A
2017 N/A -24.8% 48.9% N/A
2016 N/A -56.6% 26.8% N/A
2015 N/A -38.0% 17.3% N/A
2014 N/A -52.4% 120.7% N/A

NAV & Total Return History

VMRGX - Holdings

Concentration Analysis

VMRGX Category Low Category High VMRGX % Rank
Net Assets 15.1 B 898 K 195 B N/A
Number of Holdings 243 6 2046 N/A
Net Assets in Top 10 4.64 B 519 K 54.6 B N/A
Weighting of Top 10 33.82% 12.8% 2580.2% N/A

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% 17.54% 113.56% N/A
Cash
3.32% -2546.61% 57.26% N/A
Bonds
0.12% -0.01% 2544.23% N/A
Preferred Stocks
0.00% 0.00% 14.01% N/A
Other
0.00% -13.96% 43.00% N/A
Convertible Bonds
0.00% 0.00% 2.57% N/A

Stock Sector Breakdown

Weighting Return Low Return High VMRGX % Rank
Technology
35.17% 0.00% 62.60% N/A
Consumer Cyclical
21.03% 0.00% 35.86% N/A
Healthcare
13.11% 0.00% 96.81% N/A
Financial Services
12.38% 0.00% 39.70% N/A
Industrials
7.55% 0.00% 25.15% N/A
Consumer Defense
4.27% 0.00% 16.35% N/A
Real Estate
0.94% 0.00% 9.48% N/A
Basic Materials
0.81% 0.00% 12.25% N/A
Communication Services
0.51% 0.00% 14.60% N/A
Energy
0.36% 0.00% 14.90% N/A
Utilities
0.05% 0.00% 15.76% N/A

Stock Geographic Breakdown

Weighting Return Low Return High VMRGX % Rank
US
90.85% 6.81% 113.56% N/A
Non US
5.72% 0.00% 91.58% N/A

Bond Sector Breakdown

Weighting Return Low Return High VMRGX % Rank
Cash & Equivalents
3.32% -2546.61% 57.26% N/A
Government
0.12% 0.00% 2544.23% N/A
Derivative
0.00% -0.05% 0.52% N/A
Securitized
0.00% 0.00% 16.17% N/A
Corporate
0.00% 0.00% 43.78% N/A
Municipal
0.00% 0.00% 1.81% N/A

Bond Geographic Breakdown

Weighting Return Low Return High VMRGX % Rank
US
0.12% -0.01% 2544.23% N/A
Non US
0.00% -0.25% 11.55% N/A

VMRGX - Expenses

Operational Fees

VMRGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.37% 0.00% 15.15% N/A
Management Fee 0.36% 0.00% 1.44% N/A
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 2.50% 8.50% 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 0.05% 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.

VMRGX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 47.00% 0.00% 650.00% N/A

VMRGX - Distributions

Dividend Yield Analysis

VMRGX Category Low Category High VMRGX % Rank
Dividend Yield 0.01% 0.00% 0.12% N/A

Dividend Distribution Analysis

VMRGX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Quarterly Annually

Dividend Payout History


Net Income Ratio Analysis

VMRGX Category Low Category High VMRGX % Rank
Net Income Ratio 0.66% -14.30% 2.62% N/A

Capital Gain Distribution Analysis

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

VMRGX - Managers

Andrew J. Shilling

Manager

Start Date

Tenure

Tenure Rank

Dec 17, 2018

0.2

0.2%

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.


Binbin Guo

Manager

Start Date

Tenure

Tenure Rank

Jan 26, 2016

3.09

3.1%

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.


Blair A. Boyer

Manager

Start Date

Tenure

Tenure Rank

Jan 28, 2014

5.09

5.1%

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.


Kathleen A. McCarragher

Manager

Start Date

Tenure

Tenure Rank

Jan 08, 2007

12.15

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.


James P. Stetler

Manager

Start Date

Tenure

Tenure Rank

Dec 31, 2003

15.17

15.2%

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.


Tenure Analysis

Category Low

0.0

Category High

51.36

Category Average

8.53

Category Mode

0.0