VCAAX Performance — Asset Allocation Fund
Data updated: 2026-09-28
VCAAX returned +3.91% year to date and +15.12% over one year to May 2026. Annualised returns are +13.72% over 3 years and +7.55% over 5 years. Against its Moderate Allocation category average the fund came out ahead over three years but behind over one: $100 invested three years ago grew to $147, against $144 for the category, and to $115 over one year, against $119. Volatility over the past three years was 9.59% a year. In the 12 months to May 2026 the fund lost a net $5.2M, and assets reached $149.43M.
VCAAX Growth of $100
What $100 invested in Asset Allocation Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Moderate Allocation category average over the same months.
| Period | VCAAX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $115 | $119 |
| 3 years (Jun 2023 – May 2026) | $147 | $144 |
| 5 years (Jun 2021 – May 2026) | $144 | $135 |
| Since data start (Sep 2019 – May 2026) | $186 | $169 |
VCAAX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +3.91% |
| 1 year | +15.12% |
| 3 years (annualised) | +13.72% |
| 5 years (annualised) | +7.55% |
VCAAX Annual Returns
Calendar-year total returns of Asset Allocation Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +3.91% |
| 2025 | +11.51% |
| 2024 | +14.98% |
| 2023 | +18.35% |
| 2022 | −16.42% |
| 2021 | +16.73% |
| 2020 | +11.72% |
| 2019 (Sep–Dec) | +8.42% |
VCAAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.5% | −0.8% | −4.3% | +6.6% | +2.2% | — | — | — | — | — | — | — |
| 2025 | +1.5% | −0.2% | −3.6% | −0.6% | +3.7% | +4.0% | +2.0% | +1.3% | +2.5% | +0.9% | +0.2% | −0.4% |
| 2024 | +0.8% | +3.2% | +2.5% | −3.5% | +3.8% | +2.5% | +1.8% | +1.7% | +1.9% | −1.3% | +3.9% | −2.9% |
| 2023 | +5.1% | −2.1% | +2.8% | +1.0% | +0.2% | +3.5% | +2.1% | −1.1% | −3.8% | −1.7% | +7.0% | +4.5% |
| 2022 | −4.1% | −1.5% | +0.6% | −6.6% | −0.1% | −5.3% | +6.3% | −3.3% | −7.0% | +3.3% | +5.1% | −4.1% |
| 2021 | 0.0% | +1.0% | +1.7% | +4.1% | −0.1% | +1.3% | +2.3% | +1.6% | −3.4% | +5.2% | −0.5% | +2.6% |
| 2020 | −2.2% | −4.5% | −11.6% | +6.2% | +3.0% | +2.4% | +5.3% | +4.0% | −2.2% | −1.5% | +9.5% | +4.5% |
| 2019 | — | — | — | — | — | — | — | — | +1.3% | +2.0% | +1.3% | +3.6% |
VCAAX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 9.59%
- 3-year Sharpe ratio: 0.96 (vs 4.5% risk-free rate)
- Best month: +6.96% (Nov 2023)
- Worst month: −4.32% (Mar 2026)
VCAAX Fund Flows
Monthly money in and out of Asset Allocation Fund, from SEC Form N-PORT.
- 12-month net flow: −$5.2M
- 12-month gross sales (incl. reinvestments): $16.5M
- Sales ÷ redemptions: 0.76×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $158K | $2.1M | −$1.9M |
| Apr 2026 | $414K | $1.0M | −$634K |
| Mar 2026 | $11.6M | $1.6M | $10.1M |
| Feb 2026 | $518K | $1.9M | −$1.4M |
| Jan 2026 | $1.6M | $1.3M | $312K |
| Dec 2025 | $737K | $2.8M | −$2.1M |
| Nov 2025 | $480K | $1.9M | −$1.4M |
| Oct 2025 | $348K | $1.8M | −$1.4M |
| Sep 2025 | $146K | $1.7M | −$1.6M |
| Aug 2025 | $195K | $1.6M | −$1.4M |
| Jul 2025 | $185K | $2.5M | −$2.3M |
| Jun 2025 | $143K | $1.5M | −$1.4M |
VCAAX Assets Under Management
Net assets of Asset Allocation Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $149.43M |
| 2026-02-28 | $147.23M |
| 2025-11-30 | $151.50M |
| 2025-08-31 | $150.59M |
| 2025-05-31 | $145.09M |
| 2025-02-28 | $149.28M |
| 2024-11-30 | $156.71M |
| 2024-08-31 | $152.05M |
| 2024-05-31 | $147.61M |
| 2024-02-29 | $146.80M |
| 2023-11-30 | $137.32M |
| 2023-08-31 | $138.36M |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.