Vanguard Global Capital Cycles Fund
VGPMX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Global
- Address
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- May 23, 1984
- CIK
- 0000734383
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Global Capital Cycles Fund Investor Shares (VGPMX) is an actively managed mutual fund offered by The Vanguard Group Inc that seeks long-term capital appreciation by investing in global equities based on capital cycle analysis. The fund primarily allocates assets across common stocks of companies worldwide, with a focus on those in early stages of capital investment cycles; it emphasizes sectors undergoing favorable supply-demand dynamics, including technology, consumer discretionary, industrials, and financials, while maintaining diversification across developed and emerging markets in North America, Europe, Asia-Pacific, and other regions. Core holdings typically feature undervalued firms with strong free cash flow potential, screened through proprietary capital cycle metrics; investor shares carry the VGPMX ticker with a minimum investment requirement and expense ratio reflective of Vanguard's low-cost structure. The Vanguard Group Inc, founded in 1975 and headquartered in Malvern, Pennsylvania, operates as the investment manager, providing administrative, distribution, and shareholder services through its extensive platform serving individual and institutional investors globally. VGPMX forms part of Vanguard's active equity offerings within its broader mutual fund complex, targeting growth-oriented investors comfortable with global market volatility and currency risks; the fund employs a benchmark-agnostic approach relative to indices like the MSCI World Index. In recent developments as of late 2025, the fund has undergone portfolio adjustments amid heightened market rotations, including increased exposure to U.S. small-cap cyclicals and European industrials following Vanguard's strategic review of global capital flows; it participated in the firm's broader adoption of enhanced ESG integration across active strategies without compromising core cycle analysis. Additionally, Vanguard announced a 2024 merger of select active funds to streamline offerings, though VGPMX remains standalone with bolstered liquidity provisions; no major acquisitions or name changes affect the fund directly, but ongoing share class expansions support retail access amid rising demand for cycle-based strategies.