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"Vanguard is the biggest fund company in the land, with more than $3 trillion in assets. So chances are high that many retirement savers have access to Vanguard funds in their 401(k) plans. But size is no guarantee of good results."
You can click on the "view as one page" at the bottom of the text, it seems to work fine - fetching more cached content - even with an ad blocker engaged.
As to the content, that's another matter. Kiplinger notes that it just changed Primecap from a hold to a buy. Seems like the usual stating of the obvious mixed with performance chasing. A year ago, Primecap's 5 year performance was mediocre - 2011 and 2012 almost exactly median, good years for 2013 and 2014, but a below average 2015. That meant its one year performance was poor also.
It's a great long term fund for retirement. Now, last year, next year. The idea of rating it one way one year and another way another year runs counter to both the idea of long term investing for retirement, and the nature of this fund. It tends to runs in unpredictable streaks.
@msf: Someone should tell Kiplinger Vanguard Primecap Admiral & Investor Shares are closed to new investors ! Regards, Ted
Best Vanguard Funds for Your Retirement Savings Vanguard Primecap: BUY
Symbol: VPMCX
Expense ratio: 0.40%
Assets: $47.4 billion
One-year return: 11.2%
Three-year annualized total return: 12.8%
Five-year annualized total return: 16.7%
Ten-year annualized total return: 9.3%
Yield: 1.4%
From Primecap’s debut in 1984, the fund returned 13.4% annualized, handily beating the S&P 500 by an average of 2.4 percentage points per year. Few funds have done better. Primecap is closed to new investors, but if the fund is offered in your employer-sponsored retirement-savings plan, you can ignore that rule.
Primecap Management, the fund’s subadviser, runs this fund the same way as Capital Opportunity. Each of the fund’s five managers independently runs his own slice of the fund’s assets. But they all follow the same approach, focusing on large and midsize companies with strong growth potential that are trading at reasonable prices.
Note: On November 15, 2016, we changed our rating on this fund from Hold to Buy
"Capital Opportunity is closed to new investors, but you’re in luck if the fund is offered in your employer-sponsored retirement-savings plan—that rule doesn’t apply."
Comments
You can click on the "view as one page" at the bottom of the text, it seems to work fine - fetching more cached content - even with an ad blocker engaged.
As to the content, that's another matter. Kiplinger notes that it just changed Primecap from a hold to a buy. Seems like the usual stating of the obvious mixed with performance chasing. A year ago, Primecap's 5 year performance was mediocre - 2011 and 2012 almost exactly median, good years for 2013 and 2014, but a below average 2015. That meant its one year performance was poor also.
Now that the fund is back to top decile performance, Kiplinger says "buy". Never mind that after a decade of growth outperforming value, we're beginning to see a reversal.
http://money.usnews.com/investing/articles/2016-11-07/growth-stocks-or-value-stocks-which-are-winning
It's a great long term fund for retirement. Now, last year, next year. The idea of rating it one way one year and another way another year runs counter to both the idea of long term investing for retirement, and the nature of this fund. It tends to runs in unpredictable streaks.
Regards,
Ted
Best Vanguard Funds for Your Retirement Savings
Vanguard Primecap: BUY
Symbol: VPMCX
Expense ratio: 0.40%
Assets: $47.4 billion
One-year return: 11.2%
Three-year annualized total return: 12.8%
Five-year annualized total return: 16.7%
Ten-year annualized total return: 9.3%
Yield: 1.4%
From Primecap’s debut in 1984, the fund returned 13.4% annualized, handily beating the S&P 500 by an average of 2.4 percentage points per year. Few funds have done better. Primecap is closed to new investors, but if the fund is offered in your employer-sponsored retirement-savings plan, you can ignore that rule.
Primecap Management, the fund’s subadviser, runs this fund the same way as Capital Opportunity. Each of the fund’s five managers independently runs his own slice of the fund’s assets. But they all follow the same approach, focusing on large and midsize companies with strong growth potential that are trading at reasonable prices.
Note: On November 15, 2016, we changed our rating on this fund from Hold to Buy
Vanguard Website:
https://personal.vanguard.com/us/funds/snapshot?FundId=0059&FundIntExt=INT
"Capital Opportunity is closed to new investors, but you’re in luck if the fund is offered in your employer-sponsored retirement-savings plan—that rule doesn’t apply."
Also, VPMCX is open to some Flagship retail customers.
http://mutualfundobserver.com/discuss/discussion/15805/vanguard-fund-changes-to-primecap-and-primecap-related-funds