VCBCX Performance — Systematic Growth Fund
Data updated: 2026-09-28
VCBCX returned +6.39% year to date and +26.47% over one year to May 2026. Annualised returns are +25.71% over 3 years and +10.36% over 5 years. The fund beat its US Large Growth category average: $100 invested three years ago grew to $199, against $187 for the category, and to $126 over one year, against $125. Volatility over the past three years was 16.02% a year. In the 12 months to May 2026 the fund lost a net $35.0M, and assets reached $1.07B.
VCBCX Growth of $100
What $100 invested in Systematic Growth Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the US Large Growth category average over the same months.
| Period | VCBCX | Category average |
|---|---|---|
| 1 year (Jun 2025 – May 2026) | $126 | $125 |
| 3 years (Jun 2023 – May 2026) | $199 | $187 |
| 5 years (Jun 2021 – May 2026) | $164 | $176 |
| Since data start (Sep 2019 – May 2026) | $252 | $274 |
VCBCX Trailing Returns
Total returns to May 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +6.39% |
| 1 year | +26.47% |
| 3 years (annualised) | +25.71% |
| 5 years (annualised) | +10.36% |
VCBCX Annual Returns
Calendar-year total returns of Systematic Growth Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–May) | +6.39% |
| 2025 | +17.68% |
| 2024 | +34.47% |
| 2023 | +44.81% |
| 2022 | −38.81% |
| 2021 | +16.39% |
| 2020 | +34.36% |
| 2019 (Sep–Dec) | +7.82% |
VCBCX 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 | −1.7% | −3.6% | −5.0% | +11.8% | +5.7% | — | — | — | — | — | — | — |
| 2025 | +1.7% | −3.8% | −8.2% | +1.3% | +8.9% | +6.0% | +4.0% | +1.3% | +5.4% | +2.8% | −1.4% | −0.3% |
| 2024 | +2.8% | +7.0% | +2.6% | −4.2% | +6.8% | +5.9% | −1.3% | +1.6% | +2.5% | −0.3% | +6.3% | +0.9% |
| 2023 | +9.6% | −1.9% | +8.3% | +2.3% | +3.0% | +7.2% | +3.3% | −0.7% | −5.3% | −1.5% | +10.0% | +4.5% |
| 2022 | −11.1% | −4.8% | +3.2% | −15.4% | −3.5% | −8.7% | +12.7% | −5.5% | −10.4% | +2.6% | +4.2% | −7.8% |
| 2021 | −1.5% | +1.9% | −0.1% | +7.5% | −1.7% | +6.0% | +2.5% | +3.7% | −5.7% | +5.5% | −1.7% | −0.4% |
| 2020 | +2.5% | −6.2% | −9.6% | +15.0% | +6.7% | +4.0% | +7.8% | +9.3% | −4.8% | −2.4% | +8.0% | +2.5% |
| 2019 | — | — | — | — | — | — | — | — | −1.3% | +1.9% | +4.9% | +2.2% |
VCBCX Risk
Risk measures from monthly returns over Jun 2023 – May 2026.
- 3-year volatility (annualised): 16.02%
- 3-year Sharpe ratio: 1.32 (vs 4.5% risk-free rate)
- Best month: +11.76% (Apr 2026)
- Worst month: −8.22% (Mar 2025)
VCBCX Fund Flows
Monthly money in and out of Systematic Growth Fund, from SEC Form N-PORT.
- 12-month net flow: −$35.0M
- 12-month gross sales (incl. reinvestments): $170.4M
- Sales ÷ redemptions: 0.83×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| May 2026 | $2.1M | $39.0M | −$36.9M |
| Apr 2026 | $3.5M | $16.9M | −$13.4M |
| Mar 2026 | $135.2M | $10.2M | $125.1M |
| Feb 2026 | $14.3M | $14.3M | −$7K |
| Jan 2026 | $1.5M | $12.0M | −$10.6M |
| Dec 2025 | $1.6M | $14.1M | −$12.4M |
| Nov 2025 | $1.2M | $15.5M | −$14.3M |
| Oct 2025 | $4.1M | $13.2M | −$9.1M |
| Sep 2025 | $4.4M | $14.8M | −$10.4M |
| Aug 2025 | $1.5M | $20.1M | −$18.6M |
| Jul 2025 | $583K | $16.7M | −$16.1M |
| Jun 2025 | $493K | $18.7M | −$18.2M |
VCBCX Assets Under Management
Net assets of Systematic Growth Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-05-31 | $1.07B |
| 2026-02-28 | $1.01B |
| 2025-11-30 | $1.09B |
| 2025-08-31 | $1.05B |
| 2025-05-31 | $990.78M |
| 2025-02-28 | $995.21M |
| 2024-11-30 | $1.05B |
| 2024-08-31 | $1.00B |
| 2024-05-31 | $976.65M |
| 2024-02-29 | $1.01B |
| 2023-11-30 | $865.89M |
| 2023-08-31 | $887.65M |
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.