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Looking for mutual fund equity report fund? You might want to start with Vanguard Small-Cap Growth Index Institutional (VSGIX). VSGIX does not have a Zacks Mutual Fund Rank, but we are able to look at other metrics such as performance, volatility and expense.
Fund/manager history
Vanguard Group is based in Malvern, PA and is the administrator of VSGIX. Vanguard Small-Cap Growth Index Institutional First launched in May 2000, VSGIX has accumulated approximately $3.06 billion in assets, according to recent data. The fund is currently managed by Gerard O’Reilly, who has led the fund since September 2011.
Performance
Of course, investors want strong performance in the money. This fund in particular delivered a 5-year total return of 6.54%, ranking in the bottom third of its category peers. If you’re looking for shorter time frames, don’t dismiss the fund’s 3-year annualized total return of 3.52%, which puts it in the bottom 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 19.95%, the standard deviation of VSGIX over the past three years is 25.4%. Over the past 5 years, the fund’s standard deviation is 22.86% versus the category average of 17.67%. This makes the fund more volatile than its peers over the past half-decade.
Risk factors
With a 5-year beta of 1.11, the fund is likely to be more volatile than the market average. Alpha is an additional measure to consider, as it represents the portfolio’s performance against a risk-adjusted benchmark, in this case, the S&P 500. A negative alpha of -4.3, the managers in this portfolio have achieved. It is difficult to pick securities that generate better returns than the benchmark.
Holdings
Investigating mutual fund equity holdings 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 mostly on stocks traded in the United States.
This fund currently holds 98.65% of shares, which has an average market capitalization of $5.47 billion. The fund has significant exposure to the following market sectors:
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Technology
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Health
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Industrial cycle
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other
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Finance
The return is 24%, which means this fund trades less than the average comparable fund.
expenses
As competition heats up in the mutual fund market, costs become more important. A product with a lower price will be superior compared to another similar product, all other things being equal. Therefore, it is crucial for investors to keep a close eye on price-related metrics. In terms of fees, VSGIX is a no-load fund. It has an expense ratio of 0.06% compared to the category average of 0.78%. In terms of price, VSGIX is cheaper than its peers.
This fund requires a minimum initial investment of $5 million, and each subsequent investment must be at least $1.
at last
This could be the start of your research on the VSGIXin Mutual Fund Equity Report category. For more information on this fund, please visit www.zacks.com/funds/mutual-funds and consider all of the others we rate for additional information. If you’re more of a stock investor, be sure to check out our Zacks Rank, and our full suite of tools for beginners and professional investors alike.
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