- What does VPMAX invest in?
- This large and mid-capitalization growth fund is managed with a long-term outlook, exceptionally low portfolio turnover, and a well-established investment framework. Since its inception in 1984, the advisor, PRIMECAP Management Company, has employed a distinct strategy where multiple portfolio managers independently oversee portions of the fund, thereby promoting a broad range of investment ideas. A key risk is its potential for significant concentration in specific sectors, notably technology and health care. Such focus can lead to heightened short-term performance volatility when these industries experience significant shifts. This fund is generally best considered a complementary addition to an already diversified portfolio for investors with an extended time horizon.
- What is the expense ratio of VPMAX?
- Vanguard PRIMECAP Fund Admiral Shares (VPMAX) charges an expense ratio of 0.27%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is VPMAX?
- Vanguard PRIMECAP Fund Admiral Shares (VPMAX) manages $96.10B 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 VPMAX actively managed or an index fund?
- VPMAX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was VPMAX launched?
- Vanguard PRIMECAP Fund Admiral Shares (VPMAX) launched in November 2001 and is managed by Vanguard.
- How has VPMAX performed?
- VPMAX'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.
