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Come February 2022, however, the Institutional series will be absorbed into the Target Retirement series and expense ratios across all target-year funds will fall to 0.08%. VWNFX, VPMCX, and VEXPX. The funds preference for technology, healthcare, and industrials stocks has been consistent, but its tech weighting seesawed from the late 1990s to the early 2000s and again more recently. On the stock side, Pozen favors high-quality large companies with a competitive edge over peers. (Wellington holds more stocks than bonds). Among the 100 most widely held funds in 401(k) plans, roughly a third are Vanguard funds. The fund is top-heavy in financials (25.8%), followed by industrials (19.9%) and consumer discretionary (15.4%). The secret sauce comes down to the fund's strategy. Income investors like utility stocks for their stability and generous dividends. With that in mind, here are five of Vanguard's active funds to own for the long term. Primecap is a Pasadena, California-based firm founded in the 1980s by growth managers who left Capital Group, the firm behind American funds. Learn more about VWIGX at the Vanguard provider site. There are currently no items in this Watchlist. The team runs three funds for Vanguard and three under its own Primecap Odyssey label, all of which have Morningstar Analyst Ratings of Gold. 5 Actively Managed Vanguard Funds to Own for the Long Haul. Source: FactSet. Intraday data delayed at least 15 minutes or per exchange requirements. One area where active management can win over passive is in the world of smaller stocks. Invest in your principles with these mutual funds and ETFs. But if you use one of Vanguard's financial advisors, the investment minimum is waived. Data is as of March 10. Dividend yields represent the trailing 12-month yield, which is a standard measure for equity funds. Already a member? In each review, we refer to the symbol, returns and expense ratio of the share class that is available to most investors. About 14% of the fund's assets hold debt with 20- to 30-year maturities. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. Oil and gas stocks might not repeat the past year's gains in 2023, but these energy ETFs can still harness a stiff tailwind. Londons Investment Appeal Is Unraveling as Arm Heads to the US, UN report: Modern weapons being smuggled to Haiti from US, British Parents Turn to Home Equity to Help Young Buy Property, Sorry, Fed, Most US Mortgage Rates Were Locked in During Pandemic Lows, Fed Says MoreRate Hikes Are Needed to Curb Inflation. Copyright 2023 MarketWatch, Inc. All rights reserved. A second problem was they owned travel stocks that few of their peers owned in a meaningful way. So, Primecap Core's closure and. Vanguard PRIMECAP Fund Admiral Shares (VPMAX) Nasdaq - Nasdaq Delayed Price. VWELX has undergone a bit of a changing of the guard at the top, along with a couple of other funds on this list. Kiplinger isn't Nellie's first foray into personal finance: She has also worked at SmartMoney (rising from fact-checker to senior writer), and she was a senior editor at Money. The Fund seeks long-term growth of capital by investing in common stocks which are chosen on the basis of greater than average earning, growth potential, and quality of management. Heres how it works. Here are nine of the best stocks for rising interest rates. Investment firm Baillie Gifford is one of two subadvisers that run VWIGX, but it manages the biggest chunk (70%) of the assets. In fact, it is for all Vanguard funds though you'll need to invest a minimum of $50,000 to work with one of their advisors. Through October, Primecap funds had another subpar year relative to their Morningstar Category peers, which could add to the capital gains sting for recent investors who have not experienced the. Learn more about VWNFX at the Vanguard provider site. The circles represent the middle of the portfolio, or the centroid. The fund is closed to new investors. Verify your identity, personalize the content you receive, or create and administer your account. Impact investing, DEI and biodiversity are driving ESG trends as regulatory oversight improves. "Because the Primecap team is buying stocks facing near-term uncertainty, it often takes time for their ideas to work out," says Dan Wiener, editor of The Independent Adviser for Vanguard Investors. As a result, top holdings MercadoLibre (MELI (opens in new tab)), Dutch payment platform Adyen (ADYEY (opens in new tab)) and French-based luxury goods group Kering (PPRUY (opens in new tab)) have suffered double-digit declines, which has hurt the fund's performance. By Dan Burrows This story as well as our reviews of other big fund firms in the 401(k) world, including American Funds, Fidelity and T. Rowe Price, as well as all Buy-worthy funds across all mutual fund families is meant to help savers make good choices among the funds available in their 401(k) plan. That won't change, and Simon Webber has been with the fund since late 2009, but he does have a new comanager in James Gautrey, who joined in late 2020. The combination is a strong, cash-like fund that can help buoy an investment mix. Sie knnen Ihre Einstellungen jederzeit ndern, indem Sie auf unseren Websites und Apps auf den Link Datenschutz-Dashboard klicken. Alphabet, Amazon.com (AMZN (opens in new tab)) and Microsoft sit near the top of the portfolio. Vanguard Health Care fund, the nation's biggest sector fund, will be closed to new accounts -- at least for now. In the last 10 years, for instance, VWIGX has managed to produce an average annual return of 10.5%. Source: Kantar Media. This browser is no longer supported at MarketWatch. Both series hold mostly index funds, but active decisions are made on asset allocation. Two-thirds of its assets are bonds, while the rest is stocks. By Neale Godfrey, Financial Literacy Expert This is an aggressive fund, best for investors with long time horizons and a stomach for some volatility. Here's how to start investing in stocks, with details on where to invest, how much and who can help. As a result, Vanguard's actively managed funds feature rock-bottom fees just like its passive investment options. By Dan Burrows Vanguard PRIMECAP Fund Admiral Shares (VPMAX) Stock Price, News, Quote & History - Yahoo Finance U.S. markets closed Dow Futures 32,679.00 Nasdaq Futures 12,054.00 -18.25 Russell 2000 Futures. Zoom (ZM), Tesla (TSLA), Square (SQ), and most of the FAANGs (Facebook (FB), Amazon.com (AMZN), Apple (AAPL), Netflix (NFLX), and Alphabet (GOOG) [aka Google]) posted stratospheric gains. Over the past half century, according to Dan Wiener, editor of The Independent Adviser for Vanguard Investors, Wellesley Income's "standout feature is its steadiness.". Manager shifts have taken place at the fund's other subadviser, Vanguard's in-house quantitative equity group, too. Published 3 February 23. tech stocks From March 9 through the end of July of this year, however,the three funds' returns havebeaten the benchmark and category average, gaining between 48.2% and nearly 54%. The fund is closed to new investors. Now all three Vanguard funds subadvised by the redoubtable Primecap Management Company are shuttered. A third weak spot was big biotech names like Biogen (BIIB) and Amgen (AMGN), which have been big winners in the past but lost money in 2020. But for Vanguard, low-cost investment management is in its blood. Published 6 January 23. small cap stocks All rights reserved. Bigger is better, Vanguard funds newsletter editor says. And that's what you get with the Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX (opens in new tab), $10.41) a member of the Kiplinger 25, our list of high-quality, low-cost mutual funds. Stephens Investment Management and Vanguard's quantitative equity group round out the investing subadvisory team. Stocks: Real-time U.S. stock quotes reflect trades reported through Nasdaq only; comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes. The $56 billion Vanguard Wellesley Income fund (ticker: VWINX), which invests in large cap value stocks and investment-grade bonds, appeared to lose 56%, according to Vanguard's website.. Learn more about VTMFX at the Vanguard provider site. The dual mandates create a fund of strong growth stocks with a side of value. Should we cut my sister out of the family inheritance? FAANG stocks have exploded and dominate the large-growth corner of the style box. Investors should feel confident choosing a Vanguard Target Retirement fund for their retirement savings. The top-performing Vanguard Selected Value Fund (VASVX (opens in new tab), $29.66) looks to cash in on this fact. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. Conclusion On a yearly basis, much of what at first seems to be skill or stupidity is really just a funds industry biases shining through. The story on industry and sector weights is very much a steady picture, where weightings typically change at a measured pace. Advice, rankings and one great story every day. Steven McKee of the No-Load Mutual Fund Selections & Timing Newsletter says that investors should be looking for small- and mid-cap funds and should be prepared to move to what stays on top of the market because,historical NEW YORK (MarketWatch) -- Vanguard Group's decision to reopen two of six funds that it had closed to investors is a sign of the effects of the market turmoil. Analysts say a tough 2022 has left these small-cap stocks priced for outperformance in the new year and beyond. VWNFX focuses on value-priced stocks, and those stocks have lagged growthier shares by a wide margin. But while many are index-based, this one is actively managed. Making investing more affordable for everyone- Admiral Shares combine low expense ratios with low investment minimums. By Jeff Reeves This copy is for your personal, non-commercial use only. But Vanguard's actively managed funds should be on equal footing with their passive brethren. The current yield on Vanguard Inflation-Protected Securities, for instance, is negative 0.99% (in October 2021, it was negative 1.7%). One of my favorite Vanguard fund managers fell well behind in 2020. In other cases, I usually wouldnt own three in order to avoid overlap; here, it underscores my conviction. Matthew Hand, a longtime member of VEIPX's analyst team, has been tapped to take over. From the Oct. 9, 2007, market peak to its March 9, 2009, trough, Primecap and Primecap Core lost 36.2% and 36.8%, respectively, while the Russell 1000 Growth Index and the typical large-growth fund lost 39.1% and 40.9%, respectively. Published 14 December 22. Over the past five years, the fund has consistently turned in above-average returns with below-average volatility. When you purchase through links on our site, we may earn an affiliate commission. fund (ticker: VWINX), which invests in large cap value stocks and investment-grade bonds, appeared to lose 56%, according to Vanguards website. Dan Wiener, editor of the Independent Adviser for Vanguard Investors, believes that the market will soon turn towards the "large-cap, battleship balance-sheet companies that have really lagged the market." Let's look at some of the best Vanguard funds for your 401(k) plan and weed out a few lesser options, too. AI stocks have been bloodied up in recent months, but the technology's relentlessly growing importance should see the sun shine on them again. But over the long haul, Primecap has been one of the best Vanguard funds you could hold. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Published 6 January 23. small cap stocks Dow Jones Industrial Average, S&P 500, Nasdaq, and Morningstar Index (Market Barometer) quotes are real-time. 2022's Best Mutual Funds in 401(k) Retirement Plans. The Federal Reserve has been aggressive in its rate hiking, and it's likely not done yet. Learn more about VFSTX at the Vanguard provider site. Founded in 1929, it is the nation's oldest balanced fund. Newsletter editor cautions investors against buy, hold and forget. Develop and improve features of our offerings. Download a complimentary copy of FundInvestor by visiting the website. Low fees make these funds great choices for a 401(k) plan. If a green pivot is to happen, power grids must become supergrids, continent-spanning networks that can move green energy thousands of miles. Visit a quote page and your recently viewed tickers will be displayed here. Use of this website constitutes acceptance of the Best Funds Terms and Conditions of Use. The latest one took place in early 2021. So in this, our annual review of the biggest retirement savings plan, we take a closer look at some of Vanguard's most popular funds in 401(k) accounts, and rate them Buy, Hold or Sell. So even if a fund does beat the underlying index or benchmark, the higher fees will often produce lower returns. That's a bonus for retirement savers, some more than others. 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 portfolio is enormous, with close to 750 stocks, and the fund has $20.2 billion in total assets, which makes Vanguard Explorer the biggest actively managed small-company fund in the country. Learn more about VWINX at the Vanguard provider site. VWIGX is one of the best actively managed Vanguard funds for investors to gain exposure to foreign stocks. Future US, Inc. Full 7th Floor, 130 West 42nd Street, The Fund seeks to do this by investing mainly in stocks of U.S. companies, emphasizing those companies with prospects for rapid earnings . "We are extraordinarily aligned and share the same investment philosophy.". The good news: That was a boon in 2020 and 2021. Learn more about VWNFX at the Vanguard provider site. And one of the best international funds happens to be the Vanguard International Growth Fund Investor Shares (VWIGX (opens in new tab), $34.77), which owns both developed and emerging market stocks of various sizes. (opens in new tab), Kiplinger ESG 20: Our Favorite Picks for ESG Investors. And James Anderson, a manager since 2003, is leaving. The funds are run by five managers and 14 analysts. But most things are relative in the investing world, and that beats the Russell 2000, which lost 16.9%. Here, managers seek to blend growth and value styles of investing, looking for high rates of revenue and profit growth, but not paying too much for those rates of growth. Given its low expense ratio of 0.20%, VFSTX is one of the best actively managed fixed-income Vanguard funds for your portfolio. Father, husband, self-directed investor, financial freedom enthusiast, and perpetual learner. Some of Vanguards funds appeared to lose as much as half their value on Mondaybut the company says those losses were just pricing glitches that were quickly rectified. Chances are, even if you don't have your 401(k) parked at Vanguard, you have a fund or two from the Malvern, Pennsylvania-based fund company in your employer-sponsored retirement savings plan. This is the central question to ask of a good fund thats had a bad year. The funds featured here cover a variety of strategies, so there's likely a low-cost option that aligns with your goals, no matter what type of investor you are. But in this case, the fund didnt change so much as the market around it. The fund's 5% turnover ratio is a fraction of the typical 69% turnover of its peers, funds that invest in large, growing companies. Here's a road map for investors. And for the most part, index funds fulfill their purpose they track the indexes they mirror, less expenses. Vanguard Primecap Fund ( VPMCX) did not lose 5.2% either. Primecap is a Pasadena, California-based firm founded in the 1980s by growth managers who left Capital Group, the firm behind American funds. The three most experienced managers have more than $1 million each in all six funds. Wellington Management's Michael Reckmeyer, who manages two-thirds of the fund's assets, is retiring in June 2022. Another worry is the current war between Russia and Ukraine and how that might affect the European economy and the stock market. The Fund seeks long-term growth of capital by investing in common stocks which are chosen on the basis of greater than average earning, growth potential, and quality of management. As a balanced fund, VTMFX owns both stocks and bonds set at roughly 50% apiece for each asset class. Fund data provided by Xignite and Morningstar. 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. Future US, Inc. Full 7th Floor, 130 West 42nd Street, First, it helps the fund produce a higher yield 2.1% versus just 1.7% for its index-tracking sister, the Vanguard Short-Term Bond Index Fund Admiral Shares (VBIRX (opens in new tab)). Impact investing, the strategic arm of values-based investing, is taking hold on Wall Street. Vanguard funds are top of mind when it comes to index investing. Here are three of its top stocks to watch over the next few months. This compares to nearly 700 for its benchmark. As a result, we often ignore opportunities presented overseas and succumb to a hometown bias. In any case, Vanguard fees are already about 75% cheaper than most of its peers one feature we've always liked about the series. Benefits of owning Admiral Shares include: Keeping your costs under control - Greater cost savings can help you build more wealth over time. Minimum investment: $0. Contact U.S. News Best Funds. stocks Kiplinger is part of Future plc, an international media group and leading digital publisher. Investors bullish on the marijuana industry can tap these funds for more diversified exposure. At last check, annual portfolio turnover at Vanguard Primecap was just 6%. Sometimes a slump is accompanied by or preceded by an exodus of talent. Plus, relative to its peers funds that invest in value-priced large companies Vanguard Windsor II is starting to shine brightly. Here are nine to watch in an uncertain market. My sister is always struggling with money and drugs: I own a house with my husband and mother. Historical and current end-of-day data provided by FACTSET. We're confident about Wellington Management, the firm behind the fund, and its ability to find new talent and groom them. Despite having over nearly $59 billion in assets, the fund only owns 121 stocks. VPMAX focuses its attention on GARP stocks, or growth at a reasonable price. It has been a member of the Kiplinger 25, our favorite actively managed no-load funds, since early 2017. See PrimeCap Odyssey Stock Fund performance, holdings, fees, risk and other data from . What does that do? The Investor share class of Vanguard Target Retirement 2030, for instance, charges 0.14% per year. * SEC yields reflect the interest earned after deducting fund expenses for the most recent 30-day period and are a standard measure for bond and preferred-stock funds. That's counterintuitive. Shares in these companies will rise again, when uncertainty about inflation, interest rates and Ukraine slip away. It's not that we don't like them. By Kyle Woodley Cookie Notice (). But Windsor II still retains a distinct value profile: The portfolio's price-to-earnings (P/E) ratio of 16 is higher than the 14 P/E of other large-value funds, but it's a far cry from the 26 P/E ratio of the typical growth fund. Marriott Bonvoy Business American Express Card Review 125,000 Bonus Points + Free Annual Award Night, Health Care Sharing Ministries: Understanding the Risks and Bankruptcy Examples, 5.01% APY 12-Month CD, 5.00% APY 17-Month CD, 4.50% APY No-Penalty CD via SaveBetter, Elements Financial CU: 4.25% APY Savings Until 10/31, 5.00% APY Rewards Checking for 12 Months ($20k Max), HMBradley Bank Review: 4.20% APY w/ New Credit Card Spend Requirements (Existing Users Exempt Until June 2023). Have Watchlists? An artificial intelligence stock-picking platform identifying high-potential equities has been sharp in the past. We've rated this popular Vanguard 401(k) fund a Hold, however, because longtime fund manager Gemma Wright-Casparius retired in late 2021. Many young people also admit they would follow financial advice from social media influencers without first ensuring its sound. News Corp is a global, diversified media and information services company focused on creating and distributing authoritative and engaging content and other products and services. This is particularly true when focusing on value stocks in this region. Published 7 December 22. This is an income-oriented balanced fund that provides investors with exposure to both investment-grade bonds and equities. The hefty bond holding makes for a steady fund. Financial Literacy Stunner: Gen Z Taps TikTok for Financial Advice, Stock Market Today: S&P 500 Snaps Weekly Losing Streak, Best AI Stocks to Buy: Smart Artificial Intelligence Investments, The 6 Safest Vanguard Funds to Own in a Bear Market, 7 Best Small-Cap Stocks to Buy for 2023 and Beyond, Can Stocks Picked by Artificial Intelligence Beat the Market? Learn more about how to better serve divorced clients and their financial needs. (opens in new tab), 2022's Best Mutual Funds in 401(k) Retirement Plans. Dividend history includes: Declare date, ex-div, record, pay, frequency, amount. Source: FactSet, Indexes: Index quotes may be real-time or delayed as per exchange requirements; refer to time stamps for information on any delays. And Aristotle likes to invest in high-quality businesses all over the world that trade at attractive prices and that have a catalyst to kick share prices up over a three- to five-year period. Albeit, it is a slightly different tracking index. The PRIMECAP fund has done better than the S&P 500 over the past 10 years, and since it's run in cooperation with Vanguard, they actually close the fund to new investors from time to time, instead of allowing the fund to be overwhelmed with new money. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use; and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Its a big part of Primecaps competitive advantage. (opens in new tab). And that assumes a lump-sum investment at the start. It had modest positions in Tesla and Amazon, plus low-tech winner FedEx (FDX), which profited from the massive move to online ordering caused by the coronavirus pandemic. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. Vanguard jettisoned investment firm Jackson Square as a manager after 11 years. That's not too shabby at all considering half the fund is in boring municipal bonds. The series also includes a short-term inflation-protected securities index fund in the nearer-dated years. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. Learn more about VIPSX at the Vanguard provider site. (Im using Vanguard Primecap for illustration purposes, but the story is similar for the rest of the lineup.). "But in contrast to many other growth managers, the Primecap team is willing to wait, and on average holds onto a stock for a decade.". On the bond side, Moran tilts heavily toward high-quality corporate debt, but spices up returns with a smattering of investment-grade asset-backed securities and taxable municipal bonds. We are longtime fans of Vanguard Equity-Income. A sizable helping of airline stocks including Southwest Airlines (LUV (opens in new tab)), United Airlines (UAL (opens in new tab)) and American Airlines (AAL (opens in new tab)) hurt the fund when the economy shut down for COVID-19. Michael Reckmeyer, longtime manager of the stock side of the portfolio, is retiring in June. Higher prices have been a major headache for investors, but these best inflation-proof stocks could help ease the impact. Plus, the fund's dividend yield, 2.3%, beats the current 1.5% yield of the S&P 500. Most bond indexes are constructed via a weighting scheme that prioritizes the total amount of debt issued. VWIGX has long been one of our favorite international stock funds. I've been a shareholder since the 90s, but still an indexer for the bulk of my money. If there is one flagship active mutual fund under Vanguard's umbrella, it has to be the Vanguard PRIMECAP Fund Admiral Shares ( VPMAX, $151.59). "Mike and I both grew up at Wellington," he says. Those changes are less worrisome, however, because the quantitative stock group relies on a complex algorithm to choose stocks. What are the Cheapest Vegetables Per Pound? Target-date funds hold stocks and bonds and are designed to help people invest appropriately for retirement. Learn more about Vanguard's Target Retirement Funds at the provider site. PRIMECAP Management Company has managed the fund since 1984. By holding on to its favorite stocks and industries, Primecap didnt follow the rising valuations and growth rates that would have kept it in growth even as most of its large-growth peers did. NY 10036. Primecap did have some of the big winners. The smaller circles are from the beginning of the time period, and the bigger are the most recent. In 2020, the fastest-growing companies took an overwhelming share of investor attention. VEIPX, which stands among the best Vanguard funds that are popular in 401(k) plans, might not beat the S&P 500 over time. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Tumblr (Opens in new window), Free Experian Credit Monitoring from Credit Sesame, Completed Sample IRS Form 709 Gift Tax Return for 529 Superfunding / Front-Loading, Amazon: Pay with Discover Card Points, Get $10 off $50 or 30%/$40 Off (Targeted), 5% Cash Back Cards: Groceries, Target, Drugstores, Streaming - January through March 2023. The Fund seeks long-term growth of capital by investing in common stocks which are chosen on the basis of greater than average earning, growth potential, and quality of management. Its year-to-date return for the first four months of 2022 ranks among the bottom 96% of large-company value funds. For simplicity's sake, and to make comparisons more even, where possible we cite data and returns for Vanguard's Investor share class, which is most accessible to retail investors. (opens in new tab). Vanguard Target Retirement funds hold just five to six index funds in their portfolios, depending on the target year. ArrowMark Colorado Holdings prefers high-quality companies with strong competitive advantages in industries with high barriers to entry. The funds are benchmarked to the S&P 500, and managers are compensated based on it--though those designated as growth funds have consistently been in the growth side of the style box. Read our editorial policy to learn more about our process. Learn more about VPMAX at the Vanguard provider site. Wed like to share more about how we work and what drives our day-to-day business. That computer model shouldn't change with the new guard. A bigger worry is Vanguard's changes among the fund's management team. Each firm has a value bent but slightly different approaches. The fund has returned -7.05 percent over the past year, 9.96 percent over the past three years, 10.32 percent over the past five years and 14.91 percent over the past decade. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. New York, However, returns over the past one year and three years have exceeded those of the underlying benchmark (by 2.7 percentage points and 1.9 percentage points, respectively). The two firms, both U.K.-based, have slightly different approaches to picking growth stocks; Vanguard chose them to complement each other. Maintaining independence and editorial freedom is essential to our mission of empowering investor success. The second way that VPMAX wins is that it's fairly concentrated, holding just 161 mid- and large-cap stocks despite its $69 billion in assets. To see what has changed, two things I look at are historical industry weights and style trail. Back in 2018, Hand shed some of his analytical duties to work more closely with Reckmeyer and learn the art of portfolio building and risk management. A $10,000 investment 20 years ago in VPMCX would be worth more than $81,000 today; a similar investment in Vanguard 500 Index fund would be worth $58,000. Vanguard Primecap was closed to all investors long ago, but if it's offered in your 401(k) plan, you can still put away up to $25,000 a year. Vanguard U.S. Growth put up some good returns in certain years lately, a 59% return in 2020 but the fund has faltered, along with the broad market, recently. Over the past 15 years, VWINX's 6.3% annualized return doesn't keep pace with the broad market, but it beats 96% of its peers: funds that allocate 30% to 50% of assets to stocks.