VPMAX – Vanguard PRIMECAP Fund Admiral Shares MUTF : Overview

The Vanguard PRIMECAP Fund consists of both mid-cap and large-cap growth stocks and is suited for investors with a long-term perspective. The fund is closed to new investors. The fund seeks long-term capital gain. The holdings are relatively stable as the fund has an extremely low turnover. Vanguard created the fund in 1984. The fund’s advisor PRIMECAP Management Company follows an approach that involves several portfolio managers who oversee a portion of the fund. Through this approach, the fund benefits from diversification of thought. The fund can become concentrated in the technology and health care sectors, which means it could experience volatility if events impact those sectors. As of September 23, 2020, the fund has assets totaling almost $66.37 billion invested in 150 different holdings.

VPMAX – Vanguard PRIMECAP Fund Admiral SharesMUTF Parent Company

The Vanguard Group is an American registered investment advisor based in Malvern, Pennsylvania with about $6.2 trillion in global assets under management, as of January 31, 2020. It is the largest provider of mutual funds and the second-largest provider of exchange-traded funds (ETFs) in the world after BlackRock’s iShares. In addition to mutual funds and ETFs, Vanguard offers brokerage services, variable and fixed annuities, educational account services, financial planning, asset management, and trust services. Several mutual funds managed by Vanguard are ranked at the top of the list of US mutual funds by assets under management.

Founder and former chairman John C. Bogle is credited with the creation of the first index fund available to individual investors and was a proponent and major enabler of low-cost investing by individuals. Vanguard is owned by the funds managed by the company and is therefore owned by its customers.

VPMAX – Vanguard PRIMECAP Fund Admiral Shares MUTF: Performance

Over the past year, the Vanguard PrimeCap Fund (VPMAX) has returned 18.95 percent. 13.49 percent over the past three, 14.95% over the last five and 16.02% over the last 10 years.

VPMAX – Vanguard PRIMECAP Fund Admiral Shares MUTF: Top Holdings

The top 10 holdings (making up around 15% of the total portfolio) of the Vanguard PrimeCap Fund (VPMAX) are BioMarin Pharmaceutical Inc., Roche Holding AG Part. Cert., Intel Corp., JPMorgan Chase & Co., Thermo Fisher Scientific Inc, KLA Corp., Boston Scientific Corp., Qualcomm Inc., Sony Corp. ADR, Alphabet Inc CL C.

VPMAX – Vanguard PRIMECAP Fund Admiral Shares MUTF: Category

The fund falls in the Large Cap Core category. The fund has returned 14.95 percent over the past five years and 16.02 percent over the past decade.

VPMAX – Vanguard PRIMECAP Fund Admiral Shares MUTF: Role in Portfolio

The fund can serve as a complement for investors with an already diversified portfolio. The fund is fit for investors with a long-term time horizon.

VPMAX – Vanguard PRIMECAP Fund Admiral Shares MUTF: Ranking

The Vanguard PrimeCap Fund (VPMAX) isn’t ranked currently.

VPMAX – Vanguard PRIMECAP Fund Admiral Shares MUTF: Investment Strategy

The fund invests in stocks with potential for above-average earnings that may not be reflected publicly. The fund’s advisor PRIMECAP Management Company uses an investment approach that involves several portfolio managers who oversee a portion of the fund. This approach brings diversification of thought to the investment strategy.

VPMAX – Vanguard PRIMECAP Fund Admiral Shares MUTF: Management

PRIMECAP Management Company has managed the fund since 1984. The management team includes Theo A. Kolokotrones, Joel P. Fried, Alfred W. Mordecai, M. Mohsin Ansari and James M. Marchetti.

VPMAX – Vanguard PRIMECAP Fund Admiral Shares MUTF: Fees

Vanguard PrimeCap Fund has an expense ratio of 0.31 percent.

VPMAX – Vanguard PRIMECAP Fund Admiral Shares MUTF: Risk

The fund invests most of its assets in its ten largest holdings, so the fund has the potential to be impacted negatively by relatively few stocks. The fund also concentrates on few sectors, particularly health care and technology, so the fund can be subject to volatility from changes in those sectors.

Returns from large-cap and mid-cap stocks tend to move in cycles that either do better or worse than the stock market in general. So the fund may see returns trail the overall stock market.

Volatility Measurements

Volatility measures reflect the uncertainty or risk of change in a security`s value.

Standard Deviation

18.101

Mean

1.196

Sharpe Ratio

0.701

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