Investors in search of a Mutual Fund Equity Report fund might want to consider looking at Vanguard Information Technology Index Admiral (VITAX Quick QuoteVITAX - Free Report) . VITAX has no Zacks Mutual Fund Rank, but we have been able to look into other metrics like performance, volatility, and cost.

History of Fund/Manager

Vanguard Group is based in Malvern, PA, and is the manager of VITAX. Vanguard Information Technology Index Admiral debuted in January of 2004. Since then, VITAX has accumulated assets of about $8.10 billion, according to the most recently available information. The fund is currently managed by Walter Nejman who has been in charge of the fund since December of 2015.

Performance

Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund carries a 5-year annualized total return of 31.8%, and is in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 41.45%, which places it in the top third during this time-frame.

When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. VITAX's standard deviation over the past three years is 19.92% compared to the category average of 22.06%. Over the past 5 years, the standard deviation of the fund is 18.35% compared to the category average of 20.26%. This makes the fund less volatile than its peers over the past half-decade.

Risk Factors

With a 5-year beta of 1.07, the fund is likely to be more volatile than the market average. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. VITAX has generated a positive alpha over the past five years of 10.56, demonstrating that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.

Holdings

Investigating the equity holdings of a mutual fund is also a valuable exercise. This can show us how the manager is applying their stated methodology, as well as if there are any inherent biases in their approach. For this particular fund, the focus is primarily on equities that are traded in the United States.

As of the last filing date, the mutual fund has 85.49% of its assets in stocks, which have an average market capitalization of $565.84 billion. With turnover at about 4%, this fund is making fewer trades than the average comparable fund.

Expenses

For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, VITAX is a no load fund. It has an expense ratio of 0.10% compared to the category average of 1.29%. Looking at the fund from a cost perspective, VITAX is actually cheaper than its peers.

Investors should also note that the minimum initial investment for the product is $100,000 and that each subsequent investment needs to be at $1.

Bottom Line

Don't stop here for your research on Mutual Fund Equity Report funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare VITAX to its peers as well for additional information. Zacks provides a full suite of tools to help you analyze your portfolio - both funds and stocks - in the most efficient way possible.