Morningstar Rating

Fund Research and Analysis

by David Kathman, CFA
Vanguard Primecap remains a standout.

This fund has a lot of good things going for it. It's the largest and oldest of the six funds run by the Primecap management team, which has compiled one of the fund industry's best long-term records with this   Read more 

Kudos

The management team is topnotch.
Great returns, impressive tax efficiency, low expenses. Need we say more? Read more 

Risks

Big sector weightings, especially in technology, and bets on out-of-favor companies can cause turbulence. Read more 

Strategy

The fund's managers follow a contrarian-growth approach. They look for swiftly growing firms, but they like to buy them on the cheap--usually when they're out of favor. They're particularly fond of companies   Read more 

Management

The fund's six managers employ an unusual management structure. They share ideas but make autonomous buy and sell decisions, with each managing a percentage of assets independently. Howard Schow, Theo Kolokotrones, and Joel Fried manage the lion's share   Read more 

Inside Scoop

Quirky but cool: This fund's management team looks for cheap growth stocks in unpopular industries.  Read more 

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