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VFINX's (Vanguard 500 index fund) annual turnover rate and the portfolio manager's education


VFINX's (Vanguard 500 index fund) annual turnover rate and the portfolio manager's education.

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Expert Solution

A. VFINX'S (Vanguard 500 index fund)'s annual turnover rates for the year starting from January 1 2015 to the half year ending in June 30 2020 are:

1. 2015: 3%

2. 2016: 4%

3. 2017: 3%

4. 2018: 4%

5. 2019: 4%

6. 6 months ending on June 2020: 2%

The average annual turnover rate is 3.67% with a mode of 4%.  

B. Portfolio Manager's education:

Rodney Comegys, Principal and global head of Vanguard's Equity Index Group, is the portfolio manager responsible for the Vanguard 500 Index Fund.

Rodney Comegys education: He earned a B.S. in engineering and a M.Sc. in regional science economics from the University of Pennsylvania, and an M.B.A. from Harvard Business School.

jeff jeffy answered 2 years ago
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