3 Reasons to Like This Health-Care Fund
Established management, a strong investment process, and modest costs help Vanguard Health Care earn a Gold rating.
Laura Lutton: One of our favorite funds in the health-care category is Vanguard Health Care (VGHCX). This is an actively managed fund, and it gets a Gold rating from Morningstar's analysts. That means that we have conviction in this fund's ability to outperform on a risk-adjusted basis over a full market cycle.
We like this fund for a number of reasons. We really like the management team. The fund's founding manager, Ed Owens, retired about two years ago, and so we've been watching the fund and its new management team to see how they would do on their own without Ed. We're pleased with how things are going.
Laura Pavlenko Lutton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.