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Vanguard Energy Inv VGENX

Analyst rating as of
NAV / 1-Day Return
33.42  /  0.48 %
Total Assets
3.7 Bil
Adj. Expense Ratio
0.330%
Expense Ratio
0.330%
Fee Level
Low
Longest Manager Tenure
0.86 years
Category
Investment Style
Large Value
Min. Initial Investment
3,000
Status
Open
TTM Yield
5.89%
Turnover
48%
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Morningstar’s Analysis

Will VGENX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A Partial Manager Change Does Not Alter Vanguard Energy’s Ratings

Analyst Note

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Vanguard recently removed its in-house Quantitative Equity Group as one of this strategy’s two subadvisors; Wellington Management Company is now responsible for the entire portfolio. The Quantitative Equity Group was running only around 5% of the strategy’s assets when Vanguard removed it, so its departure should not have a major impact on the portfolio. Meanwhile, Tom Levering, who took over as the skipper of Wellington’s roughly 95% of the strategy's assets earlier this year, is now the sole manager. Levering hasn’t run an energy strategy before, but he has solid credentials overall and has strong support. And Levering and his team continue to employ a sound, long-term-oriented, bottom-up process. Thus, the strategy continues to merit an Average People rating, an Above Average Process rating, and both of its share classes continue to earn Morningstar Analyst Ratings of Bronze.

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