Vanguard is limiting new purchases and not accepting new accounts for the Primecap Core Fund and two related funds, Primecap and Capital Opportunity.

“We are taking preemptive steps to limit the growth of Primecap Core and its sister funds, with the goal of enabling the team at Primecap management to continue to implement their investment strategy in an effective manner,” said Vanguard CEO Bill McNabb.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.