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Primecap Core symbol VPCCX closed to new investors today. I gather Vanguard will keep it open to Flagship clients with a yearly maximum like they do with Primecap.
The rules are different for each fund. I believe that when Core was closed previously, Flagship customers were allowed to invest an unlimited amount, unlike the other Primecaps.
The Fund is closed to new accounts for investors not enrolled in Vanguard Flagship Services® or Vanguard Personal Advisor Services®. Clients of these services may open new Fund accounts, without purchase limitations, in individual, joint, and/or personal trust registrations
The $25K limit applies to existing investors who are not Flagship customers.
I just checked and as of the January 31, 2022 filing date, VPPCX has already been closed. If it was opened, I would have bought it today. This is one of those funds I wish would re-open to new investors.
VPCCX has been closed to most new investors for a while. Vanguard Flagship/PAS customers can open new accounts in VPCCX without any purchase limitations. Vanguard Flagship customers can open new Primecap (VPMCX) or Capital Opportunity (VHCOX) accounts and invest up to $25K per fund account per year. Vanguard PAS customers can open new Primecap (VPMCX) accounts and invest up to $25K per fund account per year; they can open new Capital Opportunity accounts without any purchase limitations.
I just checked and as of the January 31, 2022 filing date, VPPCX has already been closed. If it was opened, I would have bought it today. This is one of those funds I wish would re-open to new investors.
Comments
From the prospectus: The $25K limit applies to existing investors who are not Flagship customers.
If it was opened, I would have bought it today. This is one of those funds I wish would re-open to new investors.
https://www.vanguard.com/pub/Pdf/sp1220.pdf
Vanguard Flagship/PAS customers can open new accounts in VPCCX without any purchase limitations.
Vanguard Flagship customers can open new Primecap (VPMCX) or Capital Opportunity (VHCOX)
accounts and invest up to $25K per fund account per year.
Vanguard PAS customers can open new Primecap (VPMCX) accounts and invest up to $25K
per fund account per year; they can open new Capital Opportunity accounts without any purchase limitations.
Investment minimum
Closed
as of 09/27/2022
Thanks, but I have the Primecap Odyssey Funds instead since I am unable to buy into the Vanguard Primecap Funds.
@Mona,
No problem.