Signs Your Husband Doesn't Respect You, Can You Eat Cilantro With Bacterial Leaf Spot, Sonja Farak Therapy Notes, Snaptain Sp7100 Parts, Articles W

(opens in new tab). You have to go directly to Primecap or to another brokerage, such as Charles Schwab(SCHW), to buy the Odyssey funds, which are slightly more expensive than their Vanguard counterparts, but they're still a good deal. Best Parent Student Loans: Parent PLUS and Private. Capital Opportunity, which owns more small-cap stocks than its siblings, shed 41.1%. Quotes delayed at least 15 minutes. VPMCX U.S.: Nasdaq Vanguard PRIMECAP Fund;Investor Watch list Last Updated: Feb 28, 2023 $ 129.61 -0.53 -0.41% Previous Close $130.14 Advanced Charting 124.44 52 Week Range 160.26 Partner Center. 3 Stocks to Watch, Among the 100 most widely held funds in 401(k) plans, all Buy-worthy funds across all mutual fund families, our favorite actively managed no-load funds. Plus, relative to its peers funds that invest in value-priced large companies Vanguard Windsor II is starting to shine brightly. Published 14 December 22. For the best MarketWatch.com experience, please update to a modern browser. Two-thirds of its assets are bonds, while the rest is stocks. Let's say your NAV is $10 and they make a $3 distribution - you'll end up with $7 in NAV and $3 in cash. Over the past five years, no managers have left. Federal Grants Aim to Reconnect Communities Divided by Highways, In Blacklisting Inspur, US Targets Partner Used by Intel and IBM, Alphabet Must Negotiate If Contract Staff Unionize, Labor Board Official Rules, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Your Saturday UK Briefing: Sunak Chalks Up a Win as the Budget Looms, China to Boost Defense Budget; EV Chiefs Give Advice: NPC Update, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece, Matt HancockWhatsApp LeakExposes theNeed for Covid Justice, Brexit Might Have Been Prevented With Deals Like This, Video Roundup: Opinions Must-See Footage of the Week, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, What Do You Want to See in a Covid Memorial? Financial Literacy Stunner: Gen Z Taps TikTok for Financial Advice, Stock Market Today: S&P 500 Snaps Weekly Losing Streak, Best AI Stocks to Buy: Smart Artificial Intelligence Investments, The 6 Safest Vanguard Funds to Own in a Bear Market, 7 Best Small-Cap Stocks to Buy for 2023 and Beyond, Can Stocks Picked by Artificial Intelligence Beat the Market? And James Anderson, a manager since 2003, is leaving. Returns and data are as of April 30. The funds are benchmarked to the S&P 500, and managers are compensated based on it--though those designated as growth funds have consistently been in the growth side of the style box. Prior to that, she was an editor at Weekend Journal, the Friday lifestyle section of the Wall Street Journal Asia. Returns for the fund tend to go through periods of significant outperformance and slight underperformance versus its benchmark the Russell Midcap Value Index. Primecap's MO is to find the smartest people at a school, hire them without much regard to background, and then let them work. An error has occurred, please try again later. All told, Primecap had an estimated $38 billion in mutual fund assets under management and more than $15 billion in separate account assets for a total of more than $53 billion, not accounting any of the firm's institutional accounts, according to Morningstar data. Heres how it works. But unlike Wellington, Wellesley Income tilts more toward bonds than stocks. The crisis in Ukraine has hobbled European stocks, which comprise more than 40% of the portfolio. Treasury Inflation-Protected Securities (TIPS). (Im using Vanguard Primecap for illustration purposes, but the story is similar for the rest of the lineup.). Chinese internet powerhouses Tencent Holdings (TCEHY (opens in new tab)) and Alibaba Group (BABA (opens in new tab)), for example, are among the portfolio's top 10 holdings and make up more than 6% of assets. VWELX has undergone a bit of a changing of the guard at the top, along with a couple of other funds on this list. For the best Barrons.com experience, please update to a modern browser. Learn more about VTMFX at the Vanguard provider site. The basic growth-oriented strategy is the same across the board with two variations. These products are straightforward, low-cost and do all of the work for you. Learn more about VPMAX at the Vanguard provider site. In 2021, for instance, VIPSX returned 5.6%. Published 23 January 23. While your fund's net asset value (NAV) will drop after a distribution, you'll get an equivalent amount of cash in your account. Future US, Inc. Full 7th Floor, 130 West 42nd Street, Vanguard Health Care fund, the nation's biggest sector fund, will be closed to new accounts -- at least for now. New York, Vanguard Wellington is a moderate-risk investment choice because it holds both stocks and bonds. After all, founder John Bogle basically created the idea of passive investing and brought index funds to masses back in the 1970s. When autocomplete results are available use up and down arrows to review and enter to select. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. By Louis Navellier Here are nine of the best stocks for rising interest rates. What you get is a one-two punch of success. Steadiness and muted returns often go hand in hand, however. That computer model shouldn't change with the new guard. Save Money By Splitting Doses of Frontline Plus Flea Medication - Up to 90% Savings! Marriott Bonvoy Business American Express Card Review 125,000 Bonus Points + Free Annual Award Night, Health Care Sharing Ministries: Understanding the Risks and Bankruptcy Examples, 5.01% APY 12-Month CD, 5.00% APY 17-Month CD, 4.50% APY No-Penalty CD via SaveBetter, Elements Financial CU: 4.25% APY Savings Until 10/31, 5.00% APY Rewards Checking for 12 Months ($20k Max), HMBradley Bank Review: 4.20% APY w/ New Credit Card Spend Requirements (Existing Users Exempt Until June 2023). Existing investors and participants in defined contribution plans, such as 401(k)s and Vanguard Flagship Services clients (those with more than $1 million in Vanguard mutual funds), can still buy Primecap Core, but no one else, not even financial advisors and institutional investors, can. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. VASVX focuses on mid-cap stocks, or those with market caps within the $2 billion to $10 billion range. (opens in new tab). Am I crazy? After my mother died, my cousin took her designer purse, and my aunt took 8 paintings from her home then things really escalated, It broke me: Everyone says you need power of attorney, but nobody tells you how hard it is to use. This site is protected by reCAPTCHA and the Google Lawrence Burns was named comanager in 2020. Here are three of its top stocks to watch over the next few months. Copyright FactSet Research Systems Inc. All rights reserved. Copyright 2023 MarketWatch, Inc. All rights reserved. The first is the Vanguard Wellesley Income Admiral Fund (VWIAX). The portfolio is enormous, with close to 750 stocks, and the fund has $20.2 billion in total assets, which makes Vanguard Explorer the biggest actively managed small-company fund in the country. Intraday Data provided by FACTSET and subject to terms of use. Primecap and Vanguard have always been cognizant of the deleterious affect hot cash flows and large asset bases can have on investment performance. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. That's because, according to financial data firm BrightScope, Vanguard funds are home to more 401 (k) dollars than any other fund company in the country. Cookie Notice (). Sources: FactSet, Dow Jones, ETF Movers: Includes ETFs & ETNs with volume of at least 50,000. We also respect individual opinionsthey represent the unvarnished thinking of our people and exacting analysis of our research processes. The fund seeks. There, she worked for the Wall Street Journal Asia, where as lifestyle editor, she launched and edited Scene Asia, an online guide to food, wine, entertainment and the arts in Asia. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. PODCAST: Investing for Income with Jeffrey Kosnett. Learn more about VIPSX at the Vanguard provider site. Needless to say, COVID-19 crushed some of their holdings like Southwest Airlines (LUV) and United Airlines Holdings (UAL). Batten the hatches for continued market tumult without eating high fees with these six Vanguard ETFs and mutual funds. VPMCX's record isn't blemish-free, of course. NY 10036. The reason? Our investment management business generates asset-based fees, which are calculated as a percentage of assets under management. It yields 2.1%. ETFs There are multiple paths to profit with rising Black-owned businesses. The latter two have been closed to new investors for some time. Our "Magnificent Retirement Mutual Funds" list includes some of the best managed and best performing funds out there. 2022's Best Mutual Funds in 401(k) Retirement Plans. The Fund seeks to do this by investing mainly in stocks of U.S. companies, emphasizing those companies with prospects for rapid earnings . We also sell both admissions and sponsorship packages for our investment conferences and advertising on our websites and newsletters. Managers change, which can affect a fund's returns. Vanguard funds are top of mind when it comes to index investing. If you pick out the best years for Primecap performance, they are often years in which biotech fared well, because Primecap has long been a big investor there. The fund is closed to new investors. I've been a shareholder since the 90s, but still an indexer for the bulk of my money. On the stock side of the equation, the fund will only include stocks on the Russell 1000 Index that pay qualified dividends or none at all. (opens in new tab), 12 Best Monthly Dividend Stocks and Funds to Buy for 2022. At last report, tech stocks made up 20% of the fund. But we're feeling a little cautious these days because a key manager left in April 2022. Managers at the fund then use fundamental analysis to find stocks that are undervalued and out of favor, trading at below-average levels for various financial metrics such as earnings or book value. Heres what to do instead. VWNFX focuses on value-priced stocks, and those stocks have lagged growthier shares by a wide margin. Schroders' ideal stock is underappreciated but growing fast. In particular, they look for a catalyst a new product, new executives at the helm or a restructuring that they think will push a stock price higher over the next three to five years. Copyright 2023 Morningstar, Inc. All rights reserved. Gear advertisements and other marketing efforts towards your interests. Learn more about VWUSX at the Vanguard provider site. Vanguard funds account for roughly a third of the 100 most popular 401(k) retirement products. Analysts say a tough 2022 has left these small-cap stocks priced for outperformance in the new year and beyond. So in this, our annual review of the biggest retirement savings plan, we take a closer look at some of Vanguard's most popular funds in 401(k) accounts, and rate them Buy, Hold or Sell. Log in. Performance charts for Vanguard PRIMECAP Fund (VPMAX) including intraday, historical and comparison charts, technical analysis and trend lines. Overview Performance Fund Facts Fees & Expenses Holdings Portfolio Managers Distributions Fund Literature. Matthew Hand, a longtime member of VEIPX's analyst team, has been tapped to take over. Gear advertisements and other marketing efforts towards your interests. Performance. These commodity ETFs offer investors exposure to the diverse asset class, which is a helpful hedge against inflation. Feb 25, 1999 3:44 PM EST. Historically, active funds cost more to run than a passive index-tracking fund. This copy is for your personal, non-commercial use only. editorial policies. In late 2019, Vanguard dismissed two subadvisers and added a new one: Aristotle Capital Management. Published 4 March 23. Learn more about VASVX at the Vanguard provider site. Primecap is a Pasadena, California-based firm founded in the 1980s by growth managers who left Capital Group, the firm behind American funds. In the last 10 years, for instance, VWIGX has managed to produce an average annual return of 10.5%. 3 Stocks to Watch. When you purchase through links on our site, we may earn an affiliate commission. The two firms, both U.K.-based, have slightly different approaches to picking growth stocks; Vanguard chose them to complement each other. Conclusion On a yearly basis, much of what at first seems to be skill or stupidity is really just a funds industry biases shining through. Historical and current end-of-day data provided by FACTSET. Vanguard PrimeCap Fund Inst (VPMAX) dividend growth history: By month or year, chart. And for the most part, index funds fulfill their purpose they track the indexes they mirror, less expenses. However, returns over the past one year and three years have exceeded those of the underlying benchmark (by 2.7 percentage points and 1.9 percentage points, respectively). NY 10036. In fact, in keeping with the Vanguard way, many stock pickers have a hand in the Explorer fund. Privacy Policy and If you want fixed-income investments, these bond funds lead the list. For Financial Advisors, from U.S.News: Get the Advisor's Guide to Working with Divorced Clients. Impact investing, DEI and biodiversity are driving ESG trends as regulatory oversight improves. tech stocks Seniors:Heres an easy wayto cut your risk of a heart attack or stroke by nearly 80%. The fund's 5% turnover ratio is a fraction of the typical 69% turnover of its peers, funds that invest in large, growing companies. So, What Went Wrong? The funds are run by five managers and 14 analysts. That's about double the average annual return for its benchmark the MSCI All Country World Index ex USA over that same time frame. We may use it to: To learn more about how we handle and protect your data, visit our privacy center. We also review the firm's two target-date series, Institutional Target Retirement and Target Retirement, which are among Vanguard's most popular 401(k) funds and are due to merge (more on that below). Vanguard PRIMECAP Fund Admiral Shares (VPMAX) Stock Price, News, Quote & History - Yahoo Finance U.S. markets closed Dow Futures 32,679.00 Nasdaq Futures 12,054.00 -18.25 Russell 2000 Futures. All rights reserved. A small change is ahead for Vanguard's target-date funds. Daniel Pozen, a comanager since 2019, took over as sole manager of the stock side of the fund in July 2020; Loren Moran, a comanager on the bond side since 2017, is now the fund's sole bond picker after a comanager retired in June 2021. Let's look at some of the best Vanguard funds for your 401(k) plan and weed out a few lesser options, too. In this article I break down what happened As a result, we often ignore opportunities presented overseas and succumb to a hometown bias. Over the past five years, the fund has consistently turned in above-average returns with below-average volatility. And Aristotle likes to invest in high-quality businesses all over the world that trade at attractive prices and that have a catalyst to kick share prices up over a three- to five-year period. On December 29th, 2021 Vanguard Target Retirement Funds all dropped in share price by as much as 14% in a single day. Major holdings for VASVX include apparel manufacturer Gildan Activewear (GIL (opens in new tab)) and insurer Unum (UNM (opens in new tab)). John Madziyire became a manager of VIPSX in November 2021 (the two overlapped for a few weeks). The fund can serve as a complement for investors with an already diversified portfolio. All of these price moves and more are distributions. Impact investing, the strategic arm of values-based investing, is taking hold on Wall Street. Primecap is one of the best Vanguard funds offered in 401(k) plans, and it's run by five of the best stock-pickers in the country. Adobe was a winner, but Intel was in the red in 2020. It was so bad that the funds three-, five-, and 10-year returns are now pedestrian relative to peers as well. In other cases, I usually wouldnt own three in order to avoid overlap; here, it underscores my conviction. We're more optimistic about the future of Windsor II, but we're still watching it closely, which explains the Hold recommendation. Roughly two-thirds of the fund is stocks; rest of the portfolio is devoted to bonds. The $56 billion Provide specific products and services to you, such as portfolio management or data aggregation. Looking to buy your first index fund? These products and services are usually sold through license agreements or subscriptions. They can, however, shift substantially during extreme periods. Passive investing isn't the only card up Vanguard's sleeve. My sister is always struggling with money and drugs: I own a house with my husband and mother. Is Vanguard PRIMECAP Fund Investor (VPMCX) a Strong Mutual Fund Pick Right Now? fund (ticker: VWINX), which invests in large cap value stocks and investment-grade bonds, appeared to lose 56%, according to Vanguards website. This is the central question to ask of a good fund thats had a bad year. The Fund seeks conservation of principal, reasonable income and capital appreciation without undue risk, by investing 60% to 70% of its assets in common stocks and 30% to 40% in bonds. The fund is closed to new investors. Has It Changed? By Jeff Reeves All quotes are in local exchange time. The Primecap-managed funds have been among the few offerings in Vanguard's stable and the mutual fund industry overall to have done relatively well in the crash of 2008 and early 2009, as well as in the market's recent rebound. Both series hold mostly index funds, but active decisions are made on asset allocation. The three most experienced managers have more than $1 million each in all six funds. Returns are through April 30. Primecap Odyssey Stock and Vanguard Primecap Core (VPCCX) are slightly more valuation-conscious and thus land in large blend. Subscriber Agreement & Terms of Use | MyMoneyBlog.com is a member of the Amazon Associate Program, and if you click through to Amazon and make a purchase, I may earn a small commission. Among the 100 most widely held funds in 401(k) plans, roughly a third are Vanguard funds. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. But we're watching VEIPX closely now because a key manager is leaving. The hefty bond holding makes for a steady fund. Also helping is the fund's low 0.44% in expenses. But one of the more dramatic moves in market history has put some distance between Primecap and most large-growth peers. Income investors like utility stocks for their stability and generous dividends. Recently, the quant group has undergone its own reshuffling; longtime members of the team James Stetler and Binbin Guo both retired. VWIGX has long been one of our favorite international stock funds. Im 66, we have more than $2 million, I just want to golf can I retire? If your advisor has you invested in any of these "Mutual Fund Misfires of the Market" with high fees and low returns, you need to rethink your advisor. Read our editorial policy to learn more about our process. Vanguard Primecap Fund ( VPMCX) did not lose 5.2% either. If there is one flagship active mutual fund under Vanguard's umbrella, it has to be the Vanguard PRIMECAP Fund Admiral Shares ( VPMAX, $151.59). For simplicity's sake, and to make comparisons more even, where possible we cite data and returns for Vanguard's Investor share class, which is most accessible to retail investors. All of that moving around of parts is troubling, and it makes assessing the long-term merits of a fund tricky. By the way, if you want to see how huge numbers of investors are going to. Here's a road map for investors. editorial policies. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. How we use your information depends on the product and service that you use and your relationship with us. Shares in these companies will rise again, when uncertainty about inflation, interest rates and Ukraine slip away. But decisions to buy an index fund generally hinge on whether you seek exposure to a certain part of the market. To own VTMFX, you'll need to pony up $10,000. ( VGHCX) - Get Free Report. AI stocks were big winners on Friday after C3.ai posted solid earnings and guidance. The Federal Reserve has been aggressive in its rate hiking, and it's likely not done yet. Data may be intentionally delayed pursuant to supplier requirements. California Weighs $360,000 in Reparations to Eligible Black Residents. Share your opinion and gain insight from other stock traders and investors. So, no, it doesnt look like Primecap has changed its stripes. Over the past half century, according to Dan Wiener, editor of The Independent Adviser for Vanguard Investors, Wellesley Income's "standout feature is its steadiness.". The story on industry and sector weights is very much a steady picture, where weightings typically change at a measured pace. How we use your information depends on the product and service that you use and your relationship with us. Vanguard Wellesley Income Investment firm Baillie Gifford is one of two subadvisers that run VWIGX, but it manages the biggest chunk (70%) of the assets. Experts make the investing decisions, rebalance the portfolio when needed and shift holdings to a more conservative mix as you age. It's not that we don't like them. As a whole, the fund holds roughly 180 stocks. The typical growth fund manager is benchmarked to a growth index, and that makes it much harder for them to not own or even underweight the biggest growth names. Primecap did have some of the big winners. Regardless, the hodgepodge management team results in returns that are just above average. Hi! In last year's review of Vanguard's most popular 401(k) funds, we said that investors who had chosen an S&P 500 index fund over Vanguard Windsor II would have done better over the past decade. Our authors can publish views that we may or may not agree with, but they show their work, distinguish facts from opinions, and make sure their analysis is clear and in no way misleading or deceptive. "But in contrast to many other growth managers, the Primecap team is willing to wait, and on average holds onto a stock for a decade.". About 14% of the fund's assets hold debt with 20- to 30-year maturities. (opens in new tab), Kiplinger ESG 20: Our Favorite Picks for ESG Investors. Learn more about how to better serve divorced clients and their financial needs. The fund is top-heavy in financials (25.8%), followed by industrials (19.9%) and consumer discretionary (15.4%). Here's how to start investing in stocks, with details on where to invest, how much and who can help. Learn more about VEIPX at the Vanguard provider site. (opens in new tab). But French luxury stock Kering SA (PPRUY (opens in new tab))? But for Vanguard, low-cost investment management is in its blood. I would like to receive free Advisor Practice Management Guides, the U.S. News Advisor Weekly newsletter, and occasional updates regarding the U.S. News Advisor Directory. Create a list of the investments you want to track. The reason for this is that the share classes of specific funds offered in 401(k) plans can vary, depending in part on the size of the plan. Although seven of the five managers have been in place for five years, putting aside a tumultuous 2020, they haven't been tested in a prolonged bear market yet. Expenses aren't uniform across the target-date series currently, so shareholders in the nearer dated funds stand to save a little less. That's because, according to financial data firm BrightScope, Vanguard funds are home to more 401(k) dollars than any other fund company in the country. Hand says that much will stay the same at Equity-Income. However, the PRIMECAP Odyssey Growth Fund (POGRX (opens in new tab)) another member of the Kiplinger 25 features a similar strategy and has the same managers. Shareholders are certainly richer. (opens in new tab), 65 Best Dividend Stocks You Can Count On in 2022. This copy is for your personal, non-commercial use only. The Fund seeks long-term growth of capital by investing in common stocks which are chosen on the basis of greater than average earning, growth potential, and quality of management. The story on style is a little tricky, though. This is an aggressive fund, best for investors with long time horizons and a stomach for some volatility. Back in 2018, Hand shed some of his analytical duties to work more closely with Reckmeyer and learn the art of portfolio building and risk management. Click to share on Facebook (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Pocket (Opens in new window), Click to share on LinkedIn (Opens in new window), Click to share on Reddit (Opens in new window), Click to share on Pinterest (Opens in new window), Click to share on Tumblr (Opens in new window), Free Experian Credit Monitoring from Credit Sesame, Completed Sample IRS Form 709 Gift Tax Return for 529 Superfunding / Front-Loading, Amazon: Pay with Discover Card Points, Get $10 off $50 or 30%/$40 Off (Targeted), 5% Cash Back Cards: Groceries, Target, Drugstores, Streaming - January through March 2023. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Top holdings at the moment include drug manufacturer Eli Lilly (LLY (opens in new tab)) and creative cloud superstar Adobe (ADBE (opens in new tab)) both of which are targeted for earnings-per-share growth in the double digits over the next three to five years, according to S&P Global Market Intelligence. The top-performing Vanguard Selected Value Fund (VASVX (opens in new tab), $29.66) looks to cash in on this fact. The series also includes a short-term inflation-protected securities index fund in the nearer-dated years. Privacy Notice | Learn more about VPMAX at the Vanguard provider site. Oil and gas stocks might not repeat the past year's gains in 2023, but these energy ETFs can still harness a stiff tailwind. The technology is here, but politics may stand in the way. Published 17 January 23. stocks With inflation running higher than it has in nearly a decade, Treasury Inflation-Protected Securities (TIPS) are more in the news. Investors should feel confident choosing a Vanguard Target Retirement fund for their retirement savings. Lazard focuses on highly profitable companies trading at low relative valuation. To further protect the integrity of our editorial content, we keep a strict separation between our sales teams and authors to remove any pressure or influence on our analyses and research. Thats important because you dont want to face a cliff edge when a couple of people approach retirement age. Market data provided by Xignite. The PRIMECAP fund has done better than the S&P 500 over the past 10 years, and since it's run in cooperation with Vanguard, they actually close the fund to new investors from time to time, instead of allowing the fund to be overwhelmed with new money. Basically, those firms with more debt make up more of the index. That said, 2022 has been challenging for this Vanguard fund: Since the start of the year, VIPSX has lost 6.5%, lagging its inflation-protected bond fund peers by just over 1 percentage point.