|Expense Ratio (net)||0.31%|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||Above Average|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||Oct 23, 1958|
Vanguard remains a class act on top of the retail mutual fund world, and it is poised to stay that way under new CEO Tim Buckley, a firm veteran who took over in January of this year. The firm Buckley inherited has come a long way since its days as a disruptive upstart in the 1970s, but it hasn't lost its drive to bring more investors into the fold and further transform the industry it now dominates. In highlighting these themes, this Fund Spy reflects Morningstar's ongoing stewardship evaluation of Vanguard, which includes a recent visit with Buckley and other firm leadership.
When smart investors are looking for the best value funds to hold, they’re thinking about solid, long-term investments that can provide strong returns years down the road, not the best performers of the moment.