Vanguard Energy's makeover is sensible; its management team is well suited to its expanded purview; and its other strengths remain intact. Therefore, the Morningstar Analyst Ratings for both of its share classes increase to Silver from Bronze.
Will VGELX 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 VGELX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VGELX 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 VGELX’s parent organization’s priorities and whether they’re in line with investors’ interests.