Investors in search of a Mutual Fund Equity Report fund might want to consider looking at Vanguard Total Stock Market Index Institutional (VITSX). VITSX has no Zacks Mutual Fund Rank, but we have been able to look into other metrics like performance, volatility, and cost.
History of Fund/Manager
Vanguard Group is based in Malvern, PA, and is the manager of VITSX. The Vanguard Total Stock Market Index Institutional made its debut in July of 1997 and VITSX has managed to accumulate roughly $69.04 billion in assets, as of the most recently available information. The fund's current manager, Gerard O'Reilly, has been in charge of the fund since November of 2000.
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 11.22%, and it sits in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 11.77%, which places it in the middle 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. VITSX's standard deviation over the past three years is 20.13% compared to the category average of 16.39%. Over the past 5 years, the standard deviation of the fund is 18.09% compared to the category average of 14.61%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
With a 5-year beta of 1.02, the fund is likely to be as volatile as the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. The fund has produced a negative alpha over the past 5 years of -0.74, which shows that 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 largely on equities that are traded in the United States.
This fund is currently holding about 99.6% stock in stocks, with an average market capitalization of $273.66 billion. The fund has the heaviest exposure to the following market sectors:
-
Technology
-
Finance
Turnover is 4%, which means this fund makes fewer trades than its comparable peers.