VHCOX is a Primecap SubAdvised fund and I have been a fan of the Primecap funds for a long time. It was a top performing Mid/Large Cap offering 2012-16 but the last 4 years have not been kind. Slumps and out of style for the current cycle are nothing new and all investments go through this naturally. What's making me question the product is the Style Drift over the past 5-7 years and has that helped/hurt the product. It was a Growth fund, focused on mid caps, and naturally evolved into a large cap fund. Now, it's a large blend as per M*. Primecap has Aggressive Growth and Core offrings but as far as I know, this was a ' clone' (not the correct terminology) of the Aggressive product.
Also, they are heavily allocated to Tech and Health so you would think they'd at least catch some of that momentum. I think their tech exposre was higher than the current 28%...Anyone else own this fund and have similar questions?
I am a long-time holder.
He does make some good points regarding Vanguard's customer service and recent offerings.
Like its competitors, Vanguard has adapted to the changing investment environment.
This certainly isn't the old Vanguard but it's too early to declare that it has "lost its way."
Hardly a day goes by when there isn't an email from VG on its old robo-PAS, new robo-PAS (digital), its active funds' edge, and of course, brokerage conversion request/demand/threat emails to my wife (but never to me).