VQNPX: Vanguard Growth & Income Inv

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VQNPX Vanguard Growth & Income Inv

  • Fund
  • VQNPX
  • Price as of: Dec 06, 2019
  • $52.40
    + $0.47 + 0.91%

Profile

VQNPX - Profile

Vitals

  • YTD Return 25.4%
  • 3 Yr Annualized Return 5.8%
  • 5 Yr Annualized Return 3.2%
  • Net Assets $11.8 B
  • Holdings in Top 10 21.5%

52 WEEK LOW AND HIGH

$52.40
$39.15
$52.46

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.33%

SALES FEES

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

BROKERAGE FEES

  • Turnover 68.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

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

Fund Classification


Distributions

  • YTD Total Return 25.4%
  • 3 Yr Annualized Total Return 5.8%
  • 5 Yr Annualized Total Return 3.2%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 1.73%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name
    Vanguard Growth and Income Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Dec 10, 1986
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Thomas D. Stevens

Fund Description

The Vanguard Growth and Income Fund Investor Shares (VQNPX) is a low-cost, actively managed fund that seeks to provide a higher total return than the S&P 500 by using a combination of dividends and capital appreciation. The fund is quantitatively managed and uses computer models to select a broadly diversified group of stocks that will outperform the index. Mangers focus their models on U.S. large-cap stocks and can own both growth and value styles.

Given its focus on quantitative measures rather than actual fundamentals, investors may want to use the fund as a satellite position within their equity portfolios. VQNPX is managed by Vanguard Equity Investment Group, Los Angeles Capital, and D. E. Shaw Investment Management.


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Categories

Performance

VQNPX - Performance

Return Ranking - Trailing

Period VQNPX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.4% -0.2% 38.7% 43.05%
1 Yr 11.5% -58.3% 27.7% 51.08%
3 Yr 5.8%* -31.8% 58.7% 53.58%
5 Yr 3.2%* -26.7% 29.7% 54.67%
10 Yr 8.6%* -8.9% 14.4% 44.99%

* Annualized

Return Ranking - Calendar

Period VQNPX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.6% -67.0% 10.0% 36.52%
2017 14.1% -32.8% 302.5% 46.76%
2016 4.7% -26.1% 19.7% 68.29%
2015 -5.2% -82.5% 7.8% 44.05%
2014 5.5% -28.7% 24.1% 51.76%

Total Return Ranking - Trailing

Period VQNPX Return Category Return Low Category Return High Rank in Category (%)
YTD 25.4% -0.2% 38.7% 43.14%
1 Yr 11.5% -58.3% 27.7% 65.17%
3 Yr 5.8%* -21.7% 58.7% 78.13%
5 Yr 3.2%* -17.6% 29.7% 86.90%
10 Yr 8.6%* -4.1% 17.5% 81.56%

* Annualized

Total Return Ranking - Calendar

Period VQNPX Return Category Return Low Category Return High Rank in Category (%)
2018 -11.6% -67.0% 10.0% 63.39%
2017 14.1% -22.1% 302.5% 81.84%
2016 4.7% -16.4% 23.8% 88.02%
2015 -5.2% -26.4% 106.5% 76.32%
2014 5.5% -24.8% 25.9% 83.80%

NAV & Total Return History


Holdings

VQNPX - Holdings

Concentration Analysis

VQNPX Category Low Category High VQNPX % Rank
Net Assets 11.8 B 134 K 875 B 7.22%
Number of Holdings 1441 2 3613 2.89%
Net Assets in Top 10 2.43 B -123 M 155 B 9.34%
Weighting of Top 10 21.53% 2.2% 1400.6% 79.54%

Top 10 Holdings

  1. Microsoft Corp 4.66%
  2. Apple Inc 3.99%
  3. Amazon.com Inc 2.60%
  4. Alphabet Inc A 1.74%
  5. Facebook Inc A 1.64%
  6. Johnson & Johnson 1.52%
  7. Alphabet Inc Class C 1.51%
  8. Visa Inc Class A 1.42%
  9. The Home Depot Inc 1.22%
  10. Verizon Communications Inc 1.21%

Asset Allocation

Weighting Return Low Return High VQNPX % Rank
Stocks
97.65% -1.18% 145.87% 71.65%
Cash
2.31% -45.87% 101.18% 25.47%
Bonds
0.03% -14.46% 11.29% 6.20%
Preferred Stocks
0.00% -17.98% 6.21% 19.95%
Other
0.00% -1.51% 16.72% 20.46%
Convertible Bonds
0.00% 0.00% 9.79% 15.70%

Stock Sector Breakdown

Weighting Return Low Return High VQNPX % Rank
Technology
23.66% 0.00% 118.30% 20.82%
Financial Services
15.32% 0.00% 106.34% 63.89%
Healthcare
13.37% 0.00% 92.30% 58.20%
Consumer Cyclical
12.63% 0.00% 74.42% 25.66%
Industrials
9.99% 0.00% 79.24% 49.11%
Consumer Defense
8.73% 0.00% 71.31% 24.55%
Energy
3.52% -1.47% 70.63% 69.84%
Communication Services
3.28% 0.00% 27.72% 68.22%
Real Estate
2.97% -3.11% 64.58% 51.06%
Utilities
2.62% -13.41% 21.36% 60.15%
Basic Materials
1.56% -3.81% 23.60% 77.74%

Stock Geographic Breakdown

Weighting Return Low Return High VQNPX % Rank
US
96.75% 80.02% 687.00% 45.16%
Non US
0.90% -688.18% 20.06% 76.74%

Bond Sector Breakdown

Weighting Return Low Return High VQNPX % Rank
Cash & Equivalents
2.31% -45.87% 101.18% 26.00%
Government
0.03% -76.95% 3.75% 3.58%
Derivative
0.00% -5.83% 16.87% 11.85%
Securitized
0.00% 0.00% 37.19% 11.85%
Corporate
0.00% -17.98% 28.59% 21.57%
Municipal
0.00% 0.00% 0.55% 11.94%

Bond Geographic Breakdown

Weighting Return Low Return High VQNPX % Rank
US
0.03% -21.47% 9.47% 6.11%
Non US
0.00% 0.00% 15.93% 15.11%

Expenses

VQNPX - Expenses

Operational Fees

VQNPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.33% 0.00% 119.91% 89.47%
Management Fee 0.31% 0.00% 2.00% 23.01%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

VQNPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.50% 5.75% N/A
Deferred Load N/A 0.95% 5.00% N/A

Trading Fees

VQNPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.05% 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.

VQNPX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 68.00% 0.00% 838.00% 71.18%

Distributions

VQNPX - Distributions

Dividend Yield Analysis

VQNPX Category Low Category High VQNPX % Rank
Dividend Yield 0.00% 0.00% 8.17% 72.58%

Dividend Distribution Analysis

VQNPX Category Low Category High Category Mod
Dividend Distribution Frequency Semi-Annually Annually Quarterly Annually

Net Income Ratio Analysis

VQNPX Category Low Category High VQNPX % Rank
Net Income Ratio 1.73% -2.85% 2.89% 15.62%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

VQNPX - Fund Manager Analysis

Managers

Thomas D. Stevens


Start Date

Tenure

Tenure Rank

Sep 30, 2011

8.17

8.2%

Mr. Stevens, CFA, is Chairman and Principal, co-founded Los Angeles Capital in 2002. He is responsible for setting the firm’s strategic goals and is also an integral member of the firm’s Portfolio Management team. Prior to co-founding the firm, he was a senior managing director and principal at Wilshire Associates. He joined Wilshire in 1980. In 1986, he assumed responsibility for Wilshire Asset Managemen. Prior to joining Wilshire, he worked for the National Bank of Detroit as a portfolio manager and was primarily responsible for major pension fund client relationships.

Hal W. Reynolds


Start Date

Tenure

Tenure Rank

Sep 30, 2011

8.17

8.2%

Hal Reynolds is the Chief Investment Officer of LACM Global. As Chief Investment Officer and Chairman of Los Angeles Capital’s Investment Committee, Mr. Reynolds oversees the firm’s investment process. Since co-founding Los Angeles Capital in 2002, Mr. Reynolds has worked closely with the Research team to develop Investor Preference Theory®, the Dynamic Alpha Stock Selection Model®, and the Forward Attribution® process for developing forwarding looking expected factor returns. Working with the Research Directors, he develops the firm’s research goals and provides guidance on key projects to enhance the stock selection, portfolio construction, and trading processes. As a member of the Portfolio Review Committee, he works with senior members of the portfolio management team to establish key portfolio parameters for portfolio construction and rebalancing and developing procedures for monitoring and controlling portfolio risk. Prior to Los Angeles Capital, Mr. Reynolds was a managing director and principal at Wilshire Associates. Mr. Reynolds joined the consulting division of Wilshire Associates in 1989 where he served as a senior consultant to large ERISA plans. He also designed Wilshire Compass, Wilshire’s asset allocation and manager optimization technology for plan sponsors. In 1996, Mr. Reynolds began consulting for Wilshire Asset Management where he helped develop the Dynamic Alpha Model, which developed into Los Angeles Capital’s Dynamic Alpha Stock Selection Model®, and other quantitative long/short applications for Wilshire Asset Management. In 1998, he joined Wilshire Asset Management as Chief Investment Officer. Prior to joining Wilshire, Mr. Reynolds was a vice president at Mellon Bank where he was responsible for the design and management of Mellon’s portfolio analysis product for plan sponsors.

James P. Stetler


Start Date

Tenure

Tenure Rank

Jan 26, 2012

7.85

7.9%

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.

Philip Kearns


Start Date

Tenure

Tenure Rank

Aug 15, 2014

5.3

5.3%

Philip Kearns, Ph.D., Managing Director of DESIM. He has worked in investment management since 1993, has managed investment portfolios since 1998, and has managed a portion of the Fund since 2014. Education: B.Ec., Australian National University; M.S. and Ph.D., University of Rochester.

Binbin Guo


Start Date

Tenure

Tenure Rank

Jan 26, 2016

3.85

3.9%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 33.39 6.03 0.42