# Vanguard Global Capital Cycles Fund (VGPMX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vgpmx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Vanguard · Asset class: Global Equity - Strategy: Thematic · Inception: 1984-05-23 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 cur... ## Key Facts | Metric | Value | |---|---| | Price | $22.50 | | Expense Ratio | 0.42% | | Assets Under Management | $3.70B | | NAV | $22.72 | | Holdings Count | 63 | | Distribution Yield (TTM) | 3.50% | | Annual Distribution (TTM) | $0.79 /share | | Distribution Frequency | Semi-Annual | | 52-Week Range | $18.67 – $25.19 | | Beta | 0.78 | ## Latest Distribution - Amount: $0.2653 /share - Ex-date: 2026-03-30 - Pay date: 2026-03-31 ## Frequently Asked Questions ### 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. ### Does VGPMX pay a dividend? Vanguard Global Capital Cycles Fund (VGPMX) currently distributes little or no income. Trailing-twelve-month yield is 3.50%. Investors looking for income should consider income-focused alternatives. See the Peers tab. ### How often does VGPMX pay dividends? Vanguard Global Capital Cycles Fund pays dividends Semi-Annual. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### What is VGPMX's dividend yield? VGPMX's trailing-twelve-month yield is 3.50%, calculated from the sum of dividends over the past year divided by the current price. ### When is VGPMX's next ex-dividend date? The most recently announced ex-dividend date for VGPMX was 2026-03-30. The next ex-date typically follows Semi-Annual; once announced it appears at the top of the dividend history table on this page. ### How much will VGPMX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.42% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does VGPMX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VGPMX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does VGPMX cost more than a fund like VOO? VGPMX's strategy (current expense ratio 0.42%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where VGPMX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to VGPMX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VGPMX (0.42%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/vgpmx - Distribution history: https://www.dividenddata.com/funds/vgpmx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vgpmx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vgpmx/expenses - Peer comparison: https://www.dividenddata.com/funds/vgpmx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.