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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$16.88

$1.3 B

33.98%

$5.71

0.31%

Vitals

YTD Return

5.1%

1 yr return

-6.8%

3 Yr Avg Return

0.2%

5 Yr Avg Return

-2.7%

Net Assets

$1.3 B

Holdings in Top 10

89.7%

52 WEEK LOW AND HIGH

$16.8
$15.29
$18.33

Expenses

OPERATING FEES

Expense Ratio 0.31%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 16.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$25,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

Price

Aum/Mkt Cap

YIELD

Exp Ratio

Watchlist

$16.88

$1.3 B

33.98%

$5.71

0.31%

VPGDX - Profile

Distributions

  • YTD Total Return 5.1%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return -2.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.69%
DIVIDENDS
  • Dividend Yield 34.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name
    Vanguard Managed Allocation Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    May 02, 2008
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Fei Xu

Fund Description

The Fund invests in Vanguard mutual funds and other investments according to an asset allocation strategy designed to provide shareholders with capital appreciation and income from their investments in the Fund. The Fund may allocate its assets across a broadly diversified selection of opportunities—such as stocks (including stocks issued by real estate investment trusts (REITs)), bonds, cash, inflation-linked investments, and selected other investments—in proportions that reflect the advisor’s evaluation of their expected returns and risks as an integrated whole. The advisor uses quantitative analysis and professional judgment in an attempt to combine complementary asset classes and investments across the risk/reward spectrum. The exact proportion of each asset class or investment may be changed to reflect shifts in the advisor’s risk and return expectations. Although the Fund has flexibility to invest substantially in a single asset class or investment, the Fund is generally expected to allocate its assets across multiple asset classes and investments, including the following:• Stocks. The Fund may invest in Vanguard stock funds, such as Vanguard Total Stock Market Index Fund, Vanguard Total International Stock Index Fund, Vanguard Value Index Fund and Vanguard Small-Cap Value Index Fund to capture the investment returns of U.S. and foreign equity markets. The Fund may also invest in Vanguard real estate funds to capture the returns of stocks issued by equity real estate investment trusts (known as REITs). The Fund will, through its investments in Vanguard stock funds, indirectly invest, to varying degrees, in large-, mid-, and small-capitalization stocks diversified across growth and value styles in the United States, as well as in stocks of companies located in developed and emerging markets around the world. Certain foreign stocks may be hedged to the U.S. dollar in order to reduce currency volatility.• Bonds and Cash. The Fund may invest in Vanguard bond funds, such as Vanguard Total Bond Market II Index Fund, to capture the investment returns of U.S. and foreign fixed income markets. Through its investments in one or more Vanguard bond funds, the Fund will indirectly invest, to varying degrees, in a wide spectrum of short-, intermediate-, and long-term U.S. government, U.S. agency, and investment-grade U.S. corporate bonds; mortgage-backed and asset-backed securities; and government, agency, corporate, and securitized investment-grade foreign bonds issued in currencies other than the U.S. dollar (but hedged by Vanguard to minimize foreign currency exposure). The Fund may also invest a portion of its assets in a Vanguard money market fund that invests in high-quality, short-term money market instruments.• Inflation-Linked Investments. The Fund may invest in Vanguard inflation-protected securities funds to capture the investment returns of inflation-indexed securities issued by the U.S. government, its agencies and instrumentalities, and corporations.• Other Investments. The Fund may invest in selected other investments (“other investments”) that employ strategies that have historically generated capital appreciation over the long term while exhibiting low correlation with the returns of the U.S. stock market. The advisor believes that the expected return characteristics of these other investments offer potential diversification to a balanced portfolio of stocks, bonds, and cash. A description of the Fund’s potential other investments follows.Market Neutral Investments. The Fund may invest in Vanguard Market Neutral Fund, which seeks to provide long-term capital appreciation while limiting exposure to general stock market risk. The Market Neutral Fund’s advisor selects and maintains a diversified portfolio of common stocks for the fund. The Market Neutral Fund follows a market neutral strategy, which the fund defines as a strategy designed to produce a portfolio that is neutral with respect to general stock market risk (sometimes referred to as beta neutrality). Beta is a measure of a portfolio’s volatility relative to the volatility of the general stock market. The Market Neutral Fund, as a whole, does not seek to adhere to any other definition of market neutrality. By taking long and short positions in different securities, the Market Neutral Fund attempts to limit the effect of market movements on portfolio performance.Absolute Return Investing. The Fund may invest in Vanguard Alternative Strategies Fund, which seeks to generate returns by utilizing several alternative strategies that individually and collectively are expected to have low correlation with traditional capital markets and that seek capital appreciation. The strategies are based on the advisor’s view regarding investable opportunities across capital markets. The Alternative Strategies Fund pursues strategies including the following: long/short equity, event driven, fixed income relative value, currencies, and commodity-linked investments. The Alternative Strategies Fund will hold long and/or short positions within each strategy in an allocation that attempts to minimize market exposure, while attempting to capture attractive risk premiums identified by the advisor. The advisor expects that, over the long term, the assets underlying its long positions will outperform (appreciate more than or depreciate less than) the assets underlying its short positions. The Alternative Strategies Fund implements these strategies by investing, either directly or indirectly through a wholly owned subsidiary, in a broad range of investments that may include, but are not limited to, the following: equities; fixed income instruments; options; foreign currency exchange forward contracts; futures, including commodity and U.S. Treasury futures; and swaps.Commodity-Linked Investments. The Fund may gain exposure to the commodity markets by investing in Vanguard Commodity Strategy Fund and, to a lesser extent, Vanguard Alternative Strategies Fund, each of which invests in commodity-linked investments. Commodity-linked investments may include 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. Vanguard Commodity Strategy Fund seeks to provide broad commodities exposure and capital appreciation. The Commodity Strategy 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. Commodities are real assets, including, but not limited to, agricultural products, livestock, precious and industrial metals, and energy products. The Commodity Strategy Fund 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. The Commodity Strategy Fund intends to gain exposure to commodities by investing in a wholly owned subsidiary, which in turn invests in commodity-linked investments and fixed income securities, but may also invest directly in commodity-linked investments. From time to time, the Fund may invest directly in commodity-linked investments.
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VPGDX - Performance

Return Ranking - Trailing

Period VPGDX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% -24.7% 108.5% 67.45%
1 Yr -6.8% -26.8% 113.1% 15.42%
3 Yr 0.2%* -9.3% 26.4% 29.32%
5 Yr -2.7%* -9.5% 23.5% 75.11%
10 Yr -0.8%* -4.9% 8.5% 72.27%

* Annualized

Return Ranking - Calendar

Period VPGDX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.7% -39.0% 92.4% 13.20%
2021 3.0% -6.1% 39.6% 42.98%
2020 0.6% -21.9% 14.5% 86.30%
2019 2.0% -15.9% 6.3% 91.20%
2018 -3.9% -12.6% 61.5% 95.78%

Total Return Ranking - Trailing

Period VPGDX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.1% -24.7% 108.5% 67.58%
1 Yr -6.8% -26.8% 113.1% 17.59%
3 Yr 0.2%* -9.3% 26.4% 31.60%
5 Yr -2.7%* -9.5% 23.5% 82.45%
10 Yr -0.8%* -4.9% 11.1% 92.68%

* Annualized

Total Return Ranking - Calendar

Period VPGDX Return Category Return Low Category Return High Rank in Category (%)
2022 -12.7% -39.0% 92.4% 13.20%
2021 3.0% -6.1% 39.6% 42.98%
2020 0.6% -21.9% 14.5% 86.30%
2019 2.0% -11.5% 6.3% 91.20%
2018 -3.9% -12.6% 61.5% 96.38%

NAV & Total Return History


VPGDX - Holdings

Concentration Analysis

VPGDX Category Low Category High VPGDX % Rank
Net Assets 1.3 B 658 K 207 B 43.36%
Number of Holdings 16 2 15351 82.61%
Net Assets in Top 10 1.2 B -6.38 M 48.5 B 30.58%
Weighting of Top 10 89.66% 8.4% 100.0% 14.80%

Top 10 Holdings

  1. Vanguard Total Intl Stock Index Inv 23.96%
  2. Vanguard Total Stock Mkt Idx Inv 16.41%
  3. Vanguard Total Bond Market II Idx Inv 11.44%
  4. Vanguard Commodity Strategy Admiral 7.45%
  5. Vanguard Value Index Inv 6.50%
  6. Vanguard Alternative Strategies Investor 6.25%
  7. Vanguard Small Cap Value Index Admiral 6.00%
  8. Vanguard Market Neutral Inv 4.83%
  9. Vanguard Dividend Appreciation Index Adm 3.65%
  10. Vanguard High Dividend Yield Index Adm 3.16%

Asset Allocation

Weighting Return Low Return High VPGDX % Rank
Stocks
64.48% 0.00% 99.40% 19.42%
Bonds
24.07% -82.31% 116.75% 89.97%
Cash
11.00% -16.75% 158.07% 8.88%
Other
0.31% -6.69% 48.03% 29.82%
Convertible Bonds
0.14% 0.00% 23.84% 84.01%
Preferred Stocks
0.00% 0.00% 27.92% 88.07%

Stock Sector Breakdown

Weighting Return Low Return High VPGDX % Rank
Financial Services
17.49% 0.00% 60.22% 14.76%
Technology
15.61% 0.00% 48.68% 79.64%
Industrials
12.61% 0.00% 33.21% 15.65%
Healthcare
11.88% 0.00% 39.78% 78.50%
Consumer Cyclical
9.81% 0.00% 20.19% 48.47%
Consumer Defense
7.73% 0.00% 22.62% 26.46%
Basic Materials
5.97% 0.00% 33.35% 10.05%
Communication Services
5.94% 0.00% 100.00% 74.43%
Energy
4.90% 0.00% 85.65% 48.35%
Real Estate
4.26% 0.00% 65.01% 35.50%
Utilities
3.80% 0.00% 99.55% 27.99%

Stock Geographic Breakdown

Weighting Return Low Return High VPGDX % Rank
US
37.28% -1.65% 98.67% 77.41%
Non US
27.20% -0.44% 56.67% 2.28%

Bond Sector Breakdown

Weighting Return Low Return High VPGDX % Rank
Government
45.17% 0.00% 97.26% 11.93%
Cash & Equivalents
29.07% 0.14% 100.00% 10.79%
Corporate
9.51% 0.00% 98.21% 92.77%
Derivative
9.34% 0.00% 31.93% 7.23%
Securitized
6.71% 0.00% 92.13% 74.62%
Municipal
0.20% 0.00% 87.00% 45.94%

Bond Geographic Breakdown

Weighting Return Low Return High VPGDX % Rank
US
18.52% -82.31% 80.50% 90.36%
Non US
5.55% 0.00% 84.73% 26.52%

VPGDX - Expenses

Operational Fees

VPGDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.31% 0.06% 7.62% 97.00%
Management Fee 0.00% 0.00% 1.83% 10.45%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.83% N/A

Sales Fees

VPGDX 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

VPGDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.00% 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.

VPGDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 16.00% 0.00% 343.00% 16.03%

VPGDX - Distributions

Dividend Yield Analysis

VPGDX Category Low Category High VPGDX % Rank
Dividend Yield 33.98% 0.00% 37.46% 89.40%

Dividend Distribution Analysis

VPGDX Category Low Category High Category Mod
Dividend Distribution Frequency Annually Quarterly Monthly Monthly

Net Income Ratio Analysis

VPGDX Category Low Category High VPGDX % Rank
Net Income Ratio 3.69% -2.34% 19.41% 3.51%

Capital Gain Distribution Analysis

VPGDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Monthly Annually

Distributions History

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VPGDX - Fund Manager Analysis

Managers

Fei Xu


Start Date

Tenure

Tenure Rank

Feb 28, 2020

2.25

2.3%

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
0.03 34.51 6.26 2.41