- What does VPMCX invest in?
- This growth-oriented fund primarily invests in large and mid-sized companies, operating with a long-term outlook, exceptionally low portfolio turnover, and a time-tested investment approach. Established in 1984, PRIMECAP Management Company, the fund's advisor, employs a unique strategy where several portfolio managers independently oversee distinct segments of the portfolio. This multi-manager structure is designed to promote a variety of investment viewpoints. A key risk factor is the fund's potential for significant concentration in a handful of sectors, most notably technology and health care. This sectoral focus can lead to considerable short-term performance fluctuations, particularly when these industries experience strong rallies or downturns. Investors seeking to enhance an already diversified portfolio, and who possess a long-term investment horizon, may find this fund suitable as a supplementary holding.
- What is the expense ratio of VPMCX?
- Vanguard PRIMECAP Fund Investor Shares (VPMCX) charges an expense ratio of 0.35%. This is the annual fee deducted from fund assets to cover management and operations.
- How big is VPMCX?
- Vanguard PRIMECAP Fund Investor Shares (VPMCX) manages $88.70B 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 VPMCX actively managed or an index fund?
- VPMCX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.
- When was VPMCX launched?
- Vanguard PRIMECAP Fund Investor Shares (VPMCX) launched in November 1984 and is managed by Vanguard.
- How has VPMCX performed?
- VPMCX'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.
