Vanguard Capital Opportunity's avoidance of companies with relatively high price multiples and rapid historical earnings growth has helped it curb losses during the global equity market selloff that began near 2022’s start. For the year to date through June 9, 2022, the fund's investor share class slid 15.7%, a top-decile result within the large-growth Morningstar Category that was far better than the declines of the Russell 1000 Growth Index (down 23.8%) and its Russell Midcap Growth Index prospectus benchmark (down 26.2%).
Will VHCAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VHCAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VHCAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VHCAX’s parent organization’s priorities and whether they’re in line with investors’ interests.