Vanguard announced that in late September 2021, manager Binbin Guo will transition off Vanguard Growth and Income and retire from the firm. Following Guo's departure, Cesar Orosco will take over as the head of alpha equity investments for Vanguard's quantitative equity group and serve as the sole portfolio manager for Vanguard's one-third sleeve. Fellow subadvisors D.E. Shaw and L.A. Capital remain in place. This change does not impact the fund's People rating of Above Average. All share classes retain their Morningstar Analyst Rating of Bronze.
Vanguard Growth & Income Adm VGIAX
NAV / 1-Day Return
87.32
/
0.03
%
Total Assets
11.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.220%
Expense Ratio
0.220%
Fee Level
Low
Longest Manager Tenure
10.64
years
Category
Large Blend
Investment Style
Large BlendMin. Initial Investment
50,000
Status
Open
TTM Yield
1.23%
Turnover
62%
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will VGIAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VGIAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the VGIAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of VGIAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
A Manager Transition Coming to a Sleeve of Vanguard Growth and Income; Ratings Unchanged
