Vanguard PRIMECAP Fund Admiral Shares (VPMAX)
Vanguard PRIMECAP Fund Admiral Shares operates in the Asset Management industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $234.56, up 0.28% on the session, giving a market capitalisation of $100.91B. Its beta of 1.05 implies it has historically moved more than the broad market.
This large and mid-capitalization growth fund is managed with a long-term outlook, exceptionally low portfolio turnover, and a well-established investment framework. Since its inception in 1984, the advisor, PRIMECAP Management Company, has employed a distinct strategy where multiple portfolio managers independently oversee portions of the fund, thereby promoting a broad range of investment ideas. A key risk is its potential for significant concentration in specific sectors, notably technology and health care. Such focus can lead to heightened short-term performance volatility when these industries experience significant shifts. This fund is generally best considered a complementary addition to an already diversified portfolio for investors with an extended time horizon.
Vanguard PRIMECAP Fund Admiral Shares is most often compared with the following Financial Services names: