Registry rank 2964 · Portfolio as of 2026-05-31

Systematic Growth Fund

VCBCX

Best-fit active share22.8%vs IWF · fund as of 2026-05-31 · proxy as of 2026-03-31
Declared-benchmark active share50.1%S&P 500® Index · benchmark mismatch · fund as of 2026-05-31 · proxy as of 2026-03-31 · declared source as of 2025-05-31
VCBCX expense ratio0.64%SEC expense filing · as of 2025-05-31
VCBCX fee per active unit2.80%expense as of 2025-05-31; fund as of 2026-05-31; proxy as of 2026-03-31

Filed fees in dollars

SEC-convention illustration

Computed from SEC filings

Assumptions for each dollar figure: $100,000 starting amount · 5.0% annual return · annual compounding · fees deducted annually · 0.01% computed index-control baseline. Methodology.

Illustrated difference between each class’s filed expense ratio and the computed index-control baseline. Computed from SEC filings.
Share class and filing10 years20 years30 years
VCBCX0.64% · SEC expense filing · as of 2025-05-31$9,505$30,034$71,193

Real trailing windows

Computed on licensed market-return history

Trailing windows use IWF adjusted-close total-return history through 2026-07-29 and the same filed index-control fee baseline as the convention table. Methodology.

Dollar fee drag over actual trailing proxy-return windows. Each result below is computed on licensed market-return history.
Share class and filing10 years20 years30 years
VCBCXFiled fee as of 2025-05-31$25,100Computed on licensed market-return history
2016-07-29 to 2026-07-29 · proxy return 16.93% annualized
$122,422Computed on licensed market-return history
2006-07-31 to 2026-07-29 · proxy return 13.04% annualized
Proxy history begins 2000 — no full 30-year window

These figures are illustrations, not predictions or personalized advice. Returns and fees can differ. Read the research disclaimer.

Change the illustration

Return mode

Computed from SEC filings

Assumptions for the dollar figures below: $100,000 starting amount; 5.0% annual return; 20 years; annual compounding; fees deducted annually; 0.01% computed index-control baseline. VCBCX SEC expense filing, as of 2025-05-31. Methodology.

SEC-convention illustration for VCBCX; expense ratio filed as of 2025-05-31.
ResultAmount
Ending value at baseline$264,825
Ending value at filed expense ratio$234,791
Difference attributed to fee drag$30,034

This is an illustration, not a prediction or personalized advice. Returns and fees can differ. Read the research disclaimer.

Largest active differences vs IWF

The bars are labeled and repeated in the table; color is not the only signal. Linked company names open Buy Like Buffett’s company record; Sensible Investor does not score stocks.

HoldingFundIWFDifference
iShares Russell 1000 Growth ETF1.74%0.00%+1.74%
ALPHABET INC.7.80%6.42%+1.38%
NVIDIA CORPORATION14.21%12.95%+1.26%
BROADCOM INC.6.04%4.80%+1.24%
TESLA, INC.2.47%3.55%-1.08%
ORACLE CORPORATION0.06%0.89%-0.84%
MICROSOFT CORPORATION9.58%8.84%+0.74%
NETFLIX, INC.0.77%1.47%-0.70%
GENERAL ELECTRIC COMPANY0.38%1.07%-0.69%
INTUITIVE SURGICAL, INC.0.00%0.59%-0.59%

Source and verification

SEC N-PORT filing · filed 2026-07-28 · period 2026-05-31

SEC expense filing · period 2025-05-31

Immutable verification record · Active-share method

Cite these figures

Each snippet includes the figure’s source-event date and immutable verification URL.

Best-fit active share

Sensible Investor, “Systematic Growth Fund — best-fit active share,” 22.8% versus IWF, fund portfolio as of 2026-05-31. https://sensible-investor.com/registry/vcbcx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

VCBCX filed expense ratio

Sensible Investor, “Systematic Growth Fund — filed expense ratio,” 0.64% for VCBCX, as of 2025-05-31. https://sensible-investor.com/registry/vcbcx/as-of/363649da-fcfb-4007-87ef-de06de7710ca

VCBCX fee per active unit

Sensible Investor, “Systematic Growth Fund — fee per unit of active management,” 2.80% using the VCBCX expense ratio as of 2025-05-31 and fund portfolio as of 2026-05-31. https://sensible-investor.com/registry/vcbcx/as-of/363649da-fcfb-4007-87ef-de06de7710ca