Have you been searching for a Mutual Fund Equity Report fund? You might want to begin with Vanguard Balanced Index Admiral (
VBIAX Quick Quote VBIAX - Free Report) . VBIAX 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
VBIAX finds itself in the Vanguard Group family, based out of Malvern, PA. Vanguard Balanced Index Admiral made its debut in November of 2000, and since then, VBIAX has accumulated about $37.44 billion in assets, per the most up-to-date date available. A team of investment professionals is the fund's current manager.
Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund has delivered a 5-year annualized total return of 5.41%, and it sits in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 3.23%, which places it in the middle 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. VBIAX's standard deviation over the past three years is 14.4% compared to the category average of 16.23%. Looking at the past 5 years, the fund's standard deviation is 12.41% compared to the category average of 14.17%. This makes the fund less volatile than its peers over the past half-decade.
The fund has a 5-year beta of 0.65, so investors should note that it is hypothetically less volatile than the market at large. 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. VBIAX's 5-year performance has produced a negative alpha of -1.4, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, VBIAX is a no load fund. It has an expense ratio of 0.07% compared to the category average of 0.86%. VBIAX is actually cheaper than its peers when you consider factors like cost.
Investors should also note that the minimum initial investment for the product is $3,000 and that each subsequent investment needs to be at $1.
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 VBIAX to its peers as well for additional information. If you are more of a stock investor, make sure to also check out our Zacks Rank, and our full suite of tools we have available for novice and professional investors alike.