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Vanguard Commodity Strategy Fund
mutual fund
VCMDX
Payout Change
Pending
Price as of:
$26.02
-0.13
-0.5%
primary theme
Commodity
share class
VCMDX (Mutual Fund)
Vanguard Commodity Strategy Fund
Payout Change
Pending
Price as of:
$26.02
-0.13
-0.5%
primary theme
Commodity
share class
VCMDX (Mutual Fund)
Vanguard Commodity Strategy Fund
Payout Change
Pending
Price as of:
$26.02
-0.13
-0.5%
primary theme
Commodity
share class
Name
As of 12/13/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
Vitals
YTD Return
5.4%
1 yr return
5.3%
3 Yr Avg Return
4.8%
5 Yr Avg Return
10.1%
Net Assets
$1.68 B
Holdings in Top 10
41.8%
52 WEEK LOW AND HIGH
$26.2
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.21%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 15.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$50,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/13/2024Price
Aum/Mkt Cap
YIELD
Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.
Exp Ratio
Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.
Watchlist
VCMDX - Profile
Distributions
- YTD Total Return 5.4%
- 3 Yr Annualized Total Return 4.8%
- 5 Yr Annualized Total Return 10.1%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 2.79%
- Dividend Yield 2.4%
- Dividend Distribution Frequency Annual
Fund Details
-
Legal NameVanguard Commodity Strategy Fund
-
Fund Family NameVanguard
-
Inception DateJun 25, 2019
-
Shares OutstandingN/A
-
Share ClassAdmiral
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerJoshua Barrickman
Fund Description
The Fund’s advisor employs an active investment management approach to invest the Fund’s assets in commodity-linked investments, which are backed by a portfolio of inflation-linked investments and other fixed income securities.Commodities are real assets, including, but not limited to, agricultural products, livestock, precious and industrial metals, and energy products. The Fund invests in instruments that create long and short exposure to commodities, including commodity-linked total return swaps, commodity futures contracts and options on commodity futures contracts, commodity-linked structured notes, exchange-traded commodity pools or funds, and other commodity-linked derivative instruments. Particular commodity-linked investments may not necessarily conform to the composition, weighting, roll dates, reset dates, or contract months of the Fund’s benchmark index or any other commodity market index.The Fund intends to gain exposure to commodities by investing in a wholly owned subsidiary organized under the laws of the Cayman Islands (the subsidiary), which in turn invests in commodity-linked investments and fixed income securities. The Fund may also invest directly in commodity-linked investments. The Fund will generally not invest more than 25% of its assets in the subsidiary.The Fund invests the remainder of its assets in inflation-indexed bonds issued by the U.S. government, its agencies and instrumentalities, and corporations. The Fund may also invest in other fixed income securities, such as cash or cash equivalent investments and short-term bonds. At a minimum, all bonds purchased by the Fund will be investment grade, or, if unrated, will be considered by the advisor to be investment grade. The Fund’s fixed income investments may provide liquidity for the Fund or serve as margin or collateral for its commodity-linked investments.The Fund’s use of certain commodity-linked investments is expected to have a leveraging effect on the Fund.
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VCMDX - Performance
Return Ranking - Trailing
| Period | VCMDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.4% | -31.9% | 33.4% | 43.31% |
| 1 Yr | 5.3% | -28.2% | 39.0% | 27.56% |
| 3 Yr | 4.8%* | -35.2% | 283.7% | 55.20% |
| 5 Yr | 10.1%* | -27.5% | 134.0% | 28.69% |
| 10 Yr | N/A* | -26.5% | 48.2% | N/A |
* Annualized
Return Ranking - Calendar
| Period | VCMDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -9.7% | -64.0% | 30.1% | 58.27% |
| 2022 | -0.4% | -40.8% | 2475.6% | 44.44% |
| 2021 | 2.6% | -23.3% | 106.7% | 59.20% |
| 2020 | 4.5% | -71.9% | 295.5% | 34.43% |
| 2019 | N/A | -31.8% | 53.9% | N/A |
Total Return Ranking - Trailing
| Period | VCMDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 5.4% | -31.9% | 33.4% | 43.31% |
| 1 Yr | 5.3% | -28.2% | 39.0% | 27.56% |
| 3 Yr | 4.8%* | -35.2% | 283.7% | 55.20% |
| 5 Yr | 10.1%* | -27.5% | 134.0% | 28.69% |
| 10 Yr | N/A* | -26.5% | 48.2% | N/A |
* Annualized
Total Return Ranking - Calendar
| Period | VCMDX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -7.5% | -64.0% | 41.1% | 70.87% |
| 2022 | 14.0% | -15.1% | 5648.8% | 47.62% |
| 2021 | 35.2% | -23.3% | 188.1% | 24.00% |
| 2020 | 5.1% | -67.8% | 296.1% | 35.25% |
| 2019 | N/A | -31.8% | 53.9% | N/A |
NAV & Total Return History
VCMDX - Holdings
Concentration Analysis
| VCMDX | Category Low | Category High | VCMDX % Rank | |
|---|---|---|---|---|
| Net Assets | 1.68 B | 2.34 M | 27.6 B | 13.46% |
| Number of Holdings | 55 | 1 | 968 | 51.97% |
| Net Assets in Top 10 | 554 M | 2.66 M | 30.7 B | 41.73% |
| Weighting of Top 10 | 41.79% | 20.9% | 172.5% | 95.12% |
Top 10 Holdings
- Vanguard Market Liquidity Fund 9.25%
- TSY INFL IX N/B 3.97%
- TSY INFL IX N/B 3.87%
- TSY INFL IX N/B 3.72%
- TSY INFL IX N/B 3.69%
- TSY INFL IX N/B 3.58%
- TSY INFL IX N/B 3.51%
- TSY INFL IX N/B 3.47%
- TSY INFL IX N/B 3.41%
- TSY INFL IX N/B 3.33%
Asset Allocation
| Weighting | Return Low | Return High | VCMDX % Rank | |
|---|---|---|---|---|
| Bonds | 94.49% | 0.00% | 109.63% | 7.87% |
| Cash | 9.30% | 0.00% | 100.00% | 64.00% |
| Stocks | 0.00% | 0.00% | 57.05% | 92.91% |
| Preferred Stocks | 0.00% | 0.00% | 0.11% | 90.40% |
| Convertible Bonds | 0.00% | 0.00% | 3.89% | 90.32% |
| Other | -3.79% | -7.17% | 100.03% | 96.00% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | VCMDX % Rank | |
|---|---|---|---|---|
| Government | 66.76% | 0.00% | 100.00% | 10.71% |
| Cash & Equivalents | 9.25% | 0.00% | 100.00% | 69.03% |
| Securitized | 0.00% | 0.00% | 19.62% | 90.18% |
| Corporate | 0.00% | 0.00% | 42.72% | 92.86% |
| Municipal | 0.00% | 0.00% | 1.45% | 90.18% |
| Derivative | -3.79% | -7.17% | 100.03% | 95.58% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | VCMDX % Rank | |
|---|---|---|---|---|
| US | 94.49% | 0.00% | 95.25% | 8.00% |
| Non US | 0.00% | 0.00% | 14.38% | 90.40% |
VCMDX - Expenses
Operational Fees
| VCMDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 0.21% | 0.21% | 5.23% | 100.00% |
| Management Fee | 0.17% | 0.00% | 1.75% | 5.13% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | N/A | 0.05% | 0.45% | N/A |
Sales Fees
| VCMDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 4.50% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 4.00% | N/A |
Trading Fees
| VCMDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | N/A | N/A | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
| VCMDX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 15.00% | 0.00% | 162.00% | 48.28% |
VCMDX - Distributions
Dividend Yield Analysis
| VCMDX | Category Low | Category High | VCMDX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.37% | 0.00% | 19.94% | 43.59% |
Dividend Distribution Analysis
| VCMDX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Annual | Annually | Quarterly | Quarterly |
Net Income Ratio Analysis
| VCMDX | Category Low | Category High | VCMDX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 2.79% | -55.71% | 52.26% | 12.90% |
Capital Gain Distribution Analysis
| VCMDX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 18, 2023 | $0.617 | OrdinaryDividend |
| Dec 19, 2022 | $3.884 | OrdinaryDividend |
| Dec 20, 2021 | $8.385 | OrdinaryDividend |
| Dec 16, 2020 | $0.134 | OrdinaryDividend |
| Dec 17, 2019 | $0.155 | OrdinaryDividend |
VCMDX - Fund Manager Analysis
Managers
Joshua Barrickman
Start Date
Tenure
Tenure Rank
Jun 25, 2019
2.93
2.9%
Joshua C. Barrickman, CFA, Principal of Vanguard and head of Vanguard’s Fixed Income Indexing Americas. He has been with Vanguard since 1998, has worked in investment management since 1999, has managed investment portfolios since 2005, and has co-managed the Fund since 2013. He has managed the Vanguard Variable Insurance Funds Global Bond Index Portfolio since its inception in 2017. Education: B.S., Ohio Northern University; M.B.A., Lehigh University.
Fei Xu
Start Date
Tenure
Tenure Rank
Jun 25, 2019
2.93
2.9%
Fei Xu, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since 2004. Education: B.S., Peking University; M.S., University of California, Los Angeles; M.B.A., Duke University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.33 | 17.03 | 6.2 | 11.51 |
