Vanguard Stock Mutual Fund
The investment aim of Vanguard Industrials Index Fund is to track the performance of a benchmark index. The fund employs an indexing investment approach designed to track the performance of the MSCI US Investable Market Index (IMI)/Industrials 25/50, an index made up of stocks of large, mid-size, and small U.S. companies within the industrials sector, as classified under the Global Industry Classification Standard (GICS).This equity fund attempts to replicate the target index by investing all, or substantially all, of its assets in the stocks that make up the index, holding each stock in approximately the same proportion as its weighting in the index. The mutual fund is non-diversified.
Vanguard Industrials Index Fund Profile
- Fund Inception Date: May 7, 2006
- Ticker Symbol: VINAX
- CUSIP: 92204A819
- Beta (3yr): 1.09
- Rank in category (YTD): 34%
- Category: Industrials
- Distribution: 1.79%
- Capital Gains: 0%
- Expense Ratio: 0.14%
- Net Assets: $ 805.1 million
- Number of Years Up: 4 years
- Number of Years Down: 2 years
- Average Duration: years
- Average Maturity: years
- Annual Turnover Rate: 6%
The fund manager is Jeffrey D. Miller. The total net assets are $805.1 million. It also has annual expense ratio of 0.14%. The average expense ratio in Industrial categories is 1.29%. It has 12-month trailing yield of 1.79%. There is no 12b1 fee and no front-end sales load fee.
Industrials Mutual Fund
Based on the load adjusted returns, this industrials stock fund has returned 15.26% over the past 1-year and 4.65% over the past 5-year. The best 1-year total return was achieved in 2010 with 27.12%. The worst 1 year total return was occurred in 2008 with -40.03%.Morningstar analysts rank this Vanguard fund with 3-stars rating. The fund uses Large Blend investment style. As of June 27, 2013, the YTD return of this fund is 13.88%. Its benchmark is Spliced US IMI Industrials 25/50.
This Vanguard Industrials Index Fund is also available as an ETF. The minimum initial amount for investing is $100,000. The next investment needed is $100. The fund can be purchased from a limited list of 24 brokerages, such as Pershing Fund Center, JP Morgan, Trade PMR NTF, Trade Station Securities, MSSB Retail Fund, etc.
The 10 largest holdings as of the end of May 2013 are General Electric Co, United Technologies Corp, Union Pacific Corp, 3M Co, Boeing Co, United Parcel Service Inc, Honeywell International Inc, Caterpillar Inc, Emerson Electric Co and Danaher Corp. The top ten holdings represent 39.7% of the total net assets. Aerospace & Defence (20.50%) and Industrial Conglomerates (17.80%) are the top equity sector diversification.
The fund is subject to the following risks: stock market risk, sector risk, non-diversification risk and investment style risk.
Disclosure: No Position
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