Any investors hoping to find a Mutual Fund Equity Report fund could think about starting with Vanguard Equity Income Investor (VEIPX). VEIPX possesses a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
Vanguard Group is based in Malvern, PA, and is the manager of VEIPX. Vanguard Equity Income Investor debuted in March of 1988. Since then, VEIPX has accumulated assets of about $5.08 billion, according to the most recently available information. The fund's current manager, Sharon Hill, has been in charge of the fund since February of 2021.
Performance
Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund has delivered a 5-year annualized total return of 9.46%, and is in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 9.32%, which places it in the top third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, VEIPX's standard deviation comes in at 17.19%, compared to the category average of 17.53%. The fund's standard deviation over the past 5 years is 15.43% compared to the category average of 15.7%. This makes the fund less volatile than its peers over the past half-decade.
Risk Factors
Investors should note that the fund has a 5-year beta of 0.84, so it is likely going to be less volatile than the market at large. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. VEIPX's 5-year performance has produced a negative alpha of -0.16, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Holdings
Examining the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is primarily on equities that are traded in the United States.
The mutual fund currently has 90.52% of its holdings in stocks, which have an average market capitalization of $158.78 billion. The fund has the heaviest exposure to the following market sectors: