Vanguard Diversified Equity Investor Fund VDEQX seeks growth of capital for the long run as well as dividend income. It is a “fund of funds” and maintains a diversified portfolio by investing in a variety of Vanguard equity mutual funds. These equity funds may invest in equity securities of domestic companies from different market-cap groups.This Large Cap Blend product has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 9.8% and 5 year 13.7%. To see how this fund performed compared in its category, and other #1 and #2 Ranked Mutual Funds, please click here. VDEQX’s performance, as of the last filing, when compared to funds in its category was in the top 37% over the past 1 year, and in the top 33% over the past 3 years and in the top 31% over the past 5 years. The Vanguard Diversified Equity Investor fund, as of the last filing, allocates their fund in top two major groups; Large Value and Large Growth. Further, as of the last filing, Vanguard Growth & Income Fund, Vanguard US Growth and Vanguard Morgan Growth Fund were the top holdings for VDEQX.This Zacks Rank #1 (Strong Buy) was incepted in June 2005 and is managed by Vanguard Group. VDEQX carries an expense ratio of 0.36% and requires a minimal initial investment of $3,000.Want key mutual fund info delivered straight to your inbox?Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing mutual funds, each week. Get it free >>View All Zacks #1 Ranked Mutual FundsWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Get Your Free (VDEQX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research