Fund Evaluator:
Vanguard PRIMECAP Core Inv (VPCCX)
Follow This Fund
Best Performing in Large Blend Over the Last Year
| 67.3% | PRIMECAP Odyssey Growth (POGRX) |
| 62.4% | Vanguard PRIMECAP Core Inv (VPCCX) |
| 58.7% | Vanguard PRIMECAP Adm (VPMAX) |
| 58.6% | Vanguard PRIMECAP Inv (VPMCX) |
| 51.1% | PRIMECAP Odyssey Stock (POSKX) |
Fund Details
Vanguard PRIMECAP Core Inv Overview
Vanguard PRIMECAP Core Inv (VPCCX) is an actively managed U.S. Equity Large Blend fund. Vanguard launched the fund in 2004.
The investment seeks to provide long-term capital appreciation. The fund invests in stocks that its advisor believes offer a good balance between reasonable valuations and attractive growth prospects relative to their peers. Stocks selected for the fund typically have earnings growth potential that, in the advisor's view, is not reflected in their current market prices. It can invest in stocks across all industry sectors and market capitalizations.
About Vanguard PRIMECAP Core Inv (VPCCX)
There are 5 members of the management team with an average tenure of 18.93 years: M. Ansari (2007), James Marchetti (2015), Alfred Mordecai (2004), Theo Kolokotrones (2004), Joel Fried (2004). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and MSCI US Prime Market 750 NR USD index with a weighting of 100%. Vanguard PRIMECAP Core Inv has 187 securities in its portfolio. The top 10 holdings constitute 30.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Vanguard PRIMECAP Core Inv is part of the Equity global asset class and is within the U.S. Equity fund group. Vanguard PRIMECAP Core Inv has 15.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 82.1%. There is 15.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Vanguard PRIMECAP Core Inv has 2.3% of the portfolio in cash.
Assets Under Management
The fund has $17 billion in total assets, which is above the $6 billion average for the Large Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
VPCCX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Vanguard PRIMECAP Core Inv expense ratio is below average compared to funds in the Large Blend category. Vanguard PRIMECAP Core Inv has an expense ratio of 0.37%, which is 54% lower than its category average, making the fund expense ratio grade a A. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Vanguard PRIMECAP Core Inv has a portfolio turnover rate of 11%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 48% for the Large Blend category.
Recently, in the month of June 2026, Vanguard PRIMECAP Core Inv returned 5.3%, which earned it a grade of A, as the Large Blend category had an average return of -0.2%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Vanguard PRIMECAP Core Inv has a trailing yield of 0.64%, which is above the 0.56% category average. The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Vanguard PRIMECAP Core Inv Grades
Year to date, the fund has returned 35.0%, 26.0 percentage points better than the category, which translates into a grade of A. The fund has returned 62.4% over the past year (grade of A), 29.5% over the past three years (grade of A) and 17.5% per year over the past five years (grade of A) and 17.9% per year over the past 10 years (grade of A).
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VPCCX Trailing NAV Total Returns Data as of 6/30/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| VPCCX Return (NAV) | 5.3% | 33.4% | 62.4% | 29.5% | 17.5% | 17.9% |
| VPCCX Grade | A | A | A | A | A | A |
| +/- Category | 5.5% | 19.6% | 42.9% | 11.0% | 5.9% | 3.8% |
| Large Blend Avg | -0.2% | 13.8% | 19.5% | 18.5% | 11.6% | 14.1% |
| VPCCX Tax Cost Ratio | na | na | 3.6% | 2.2% | 2.0% | 1.8% |
VPCCX Annual NAV Total ReturnsData as of 6/30/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| VPCCX Return (NAV) | 35.0% | 30.2% | 12.9% | 23.5% | -12.4% | 24.4% | 12.1% | 27.7% | -4.9% | 26.2% | 12.3% |
| VPCCX Grade | A | A | F | D | A | D | F | D | B | A | B |
| +/- Category | 26.0% | 14.4% | -9.2% | -0.2% | 4.9% | -2.1% | -5.4% | -2.1% | 1.0% | 4.9% | 2.1% |
| Large Blend Avg | 9.0% | 15.9% | 22.1% | 23.7% | -17.3% | 26.5% | 17.5% | 29.8% | -5.9% | 21.3% | 10.2% |
| Risk Measures | |
| Standard Deviation: | 15.6% |
| Total Risk Index: | 1.28 - Above Average |
| Category Risk Index: | 1.18 - High |
| Category Risk Grade: | F (98% Rank) |
| Beta: | 1.04 |
| R-Squared: | 76% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Large-Cap Blend |
| Bond Investment Style: | na |
| Yield: | 0.6% |
| Dividend Distribution: | Annually |
| Cap Gains Distribution: | Annually |
| Total Assets: | $17174 Mil |
| Fund Total Assets: | $17,175 Mil |
| Share Class Type: | Inv |
| Portfolio Turnover: | 11% |
Management Team
| Number of Managers: 5 | |||
| Longest Tenure: 21.6 years | |||
| Average Tenure: 18.9 years | |||
| Managers (Year): Mordecai Alfred (2004), Kolokotrones Theo (2004), Fried Joel (2004), Ansari M. (2007), Marchetti James (2015) | |||
Portfolio Composition (as of 3/31/26)
| # of Holdings: | 187 |
| % in Top 10 Holdings: | 30.2% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 15.7% |
Portfolio Allocation |
|
| Domestic Stock: | 82.1% |
| Foreign Stock: | 15.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 2.3% |
Purchase Information
| Fund Family: | Vanguard |
| Phone Number: | 800-662-7447 |
| Website: | www.vanguard.com |
| Status: | Open |
| Inception Date: | December 9, 2004 |
| Min. Initial Purchase: | $3,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 0.37% ( Rating : Below Avg ) |
| Category Average Expense Ratio (%): | 0.81% |
| Share Class: | Vanguard PRIMECAP Core Inv |
| Min. Subsequent Purchase: | $ 1 |
| Min. Subsequent IRA Purchase: | $ 0 |
