I have been slowly adding to the Vanguard Global Capital Cycles Fund Investor Sha (VGPMX) from my cash parked in their Treasury Money Fund.
Symbol: VGPMX YTD % Gain: As of October 2, 2025, the fund's year-to-date return is 48.93%.
finance.yahoo.com
Top 10 Holdings: (As of the most recent available data; percentages represent the weight in the portfolio)
Rank Holding Name Symbol % Weight
|
1
|
Vanguard Market Liquidity Fund
|
-
|
8.13%
|
2
|
Barrick Mining Corp.
|
B
|
7.51%
|
3
|
Anglo American PLC
|
AAUKF
|
3.53%
|
4
|
Taiwan Semiconductor Manufacturing Co. Ltd. ADR
|
TSM
|
3.26%
|
5
|
Teck Resources Ltd. Cl B
|
TECK
|
3.21%
|
6
|
Lojas Renner SA ORD
|
LREN3
|
3.19%
|
7
|
Prudential PLC
|
PUKPF
|
2.95%
|
8
|
Samsung Electronics Co. Ltd.
|
SSNLF
|
2.80%
|
9
|
Banco Bradesco S/A Pref ADR
|
BBD
|
2.70%
|
|
|
| |
Exposure to Hard Assets (e.g., Gold or Silver) and Non-US Companies: The fund requires at least 25% allocation to precious metals and mining securities, providing significant exposure to hard assets like gold and silver through holdings such as Barrick Mining (gold producer) and Anglo American (diversified mining including platinum group metals).
It also has substantial international exposure, with approximately 73.2% allocated to foreign stocks, including companies in the UK, Canada, Taiwan, South Korea, Brazil, and elsewhere.
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YTD Performance (as of August 31, 2025)- VGPMX YTD total return: +32.14% (as of 8/31/2025)
- 1-Year total return: +24.80%
- 5-Year average annual return: ~17.4%
Exposure to Hard Assets (Gold/Silver & Mining)- VGPMX maintains a minimum of 25% exposure to precious metals and mining companies, offering significant indirect exposure to gold (primarily through miners like Barrick and Anglo American).
- The fund does not directly own physical gold or silver but gains value through equities tied to these commodities.
- Current top holdings in the sector include Barrick Gold and Teck Resources.
Non-U.S. Company Exposure- VGPMX is highly global, with a large proportion of assets in non-U.S. companies.
- Major holdings come from Canada, the UK, Taiwan, Brazil, South Korea, and France, making non-U.S. exposure a defining trait of the portfolio.
- This sets the fund apart for those seeking diversification away from U.S. equities and the U.S. dollar.
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This combination of robust YTD returns, direct exposure to hard assets (via miners—not bullion), and global equity ownership makes VGPMX an attractive option for risk-tolerant investors seeking global and cyclical asset class diversification |
