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If you’ve been looking for Mutual Fund Equity Report funds, consider Vanguard Institutional Total Stock Market Plus (VITPX) as an alternative. While this fund is not tracked by the Zacks Mutual Fund Rank, we are able to examine other factors such as performance, volatility and expense.
Fund/manager history
VITPX finds itself within the Vanguard Group family based out of Malvern, PA. Vanguard Institutional Total Stock Market Plus was first launched in May 2001, and since then VITPX has accumulated approximately $23.25 billion in assets on a current day basis. The fund is currently managed by Walter Nejman, who has led the fund since April 2016.
Performance
Clearly, what investors are looking for in these funds is strong performance relative to their peers. VITPX has a 5-year annualized total return of 9.83% and is in the middle third of its category peers. But if you’re looking for a shorter time frame, it’s worth looking at its 3-year annualized total return of 9.71%, which puts it in the middle third of that time frame.
When looking at a fund’s performance, it’s also important to note the standard deviation of returns. The lower the standard deviation, the lower the volatility of the fund’s experiences. Compared to the category average of 18.73%, VITPX’s standard deviation over the past three years is 21.43%. The fund’s standard deviation over the past 5 years is 18.94% versus the category average of 16.56%, making the fund more volatile than its peers over the past half-decade.
Risk factors
The fund has a 5-year beta of 1.03, so investors should note that it is hypothetically as volatile as the market. Another factor to consider is alpha, because it reflects the portfolio’s performance on a risk-adjusted basis relative to its benchmark—in this case, the S&P 500. With a negative alpha of -0.7, managers in this portfolio will have difficulty choosing securities. which generate better returns than the benchmark.
Holdings
Exploring equity mutual funds is also a valuable exercise. This can show us how the manager applies the described method and also if there are any inherent biases in their approach. For this particular fund, the focus is primarily on stocks traded in the United States.
Currently, 99.61% of this mutual fund’s holdings are stocks, with an average market cap of $273.70 billion. The fund has significant exposure to the following market sectors:
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Technology
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Finance
The margin is 10%, which means this fund trades less than its comparable peers.
expenses
As expenses become increasingly important for mutual fund investments, it is key for investors to keep a close eye on expense-related metrics. Competition is heating up in this space, and a low-cost product can outperform its equivalent, all things being equal. In terms of fees, VITPX is a no-load fund. It has an expense ratio of 0.02% compared to the category average of 0.92%. In terms of price, VITPX is cheaper than its peers.
Investors should note that the minimum initial investment for the product is $100 million and each subsequent investment must be $1.
at last
Don’t stop here for your research on Mutual Fund Equity Report Funds. We have a lot more on our site to help you find the best fund for your portfolio. For more information on the fund world, visit www.zacks.com/funds/mutual-funds and feel free to compare VITPX to its peers for additional information. Want to learn more? No matter what type of investor you are, we have a full suite of tools on stocks that you can use to find the best picks for your portfolio.
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