Vanguard Global Capital Cycles Fund

Frequently Asked Questions About VGPMX

What does VGPMX invest in?

This fund endeavors to exploit market opportunities arising from fluctuating investor sentiment concerning industries that demand significant capital, particularly during phases of under- or overinvestment. A minimum of one-quarter of its assets will be allocated to securities in precious metals and mining. Additionally, it targets investments in companies possessing rare, premium-quality infrastructure assets—often in utility or telecommunications sectors—which are considered irreplaceable and thus retain lasting value. Beyond standard equity market fluctuations, the fund is subject to currency exchange rate volatility and country-specific political or economic risks. This offering may appeal to long-term investors seeking global equity diversification who are comfortable with the heightened volatility often associated with international investments.

What is the expense ratio of VGPMX?

Vanguard Global Capital Cycles Fund (VGPMX) charges an expense ratio of 0.42%. This is the annual fee deducted from fund assets to cover management and operations.

How big is VGPMX?

Vanguard Global Capital Cycles Fund (VGPMX) manages $3.70B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is VGPMX actively managed or an index fund?

VGPMX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was VGPMX launched?

Vanguard Global Capital Cycles Fund (VGPMX) launched in May 1984 and is managed by Vanguard.

How has VGPMX performed?

VGPMX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.