If you've been stuck searching for Mutual Fund Equity Report funds, consider Vanguard Developed Markets Index Admiral (VTMGX) as a possibility. The fund does not have a Zacks Mutual Fund Rank, though we have been able to explore other metrics like performance, volatility, and cost.History of Fund/ManagerVanguard Group is based in Malvern, PA, and is the manager of VTMGX. Vanguard Developed Markets Index Admiral made its debut in August of 1999, and since then, VTMGX has accumulated about $23.54 billion in assets, per the most up-to-date date available. Christine Franquin is the fund's current manager and has held that role since February of 2013.PerformanceOf course, investors look for strong performance in funds. This fund has delivered a 5-year annualized total return of 9.65%, and is in the top third among its category peers. If you're interested in shorter time frames, do not dismiss looking at the fund's 3-year annualized total return of 10.63%, which places it in the middle third during this time-frame.When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 15.56%, the standard deviation of VTMGX over the past three years is 18.15%. Over the past 5 years, the standard deviation of the fund is 15.38% compared to the category average of 13.2%. This makes the fund more volatile than its peers over the past half-decade.Risk FactorsThe fund has a 5-year beta of 0.89, so investors should note that it is hypothetically less volatile than the market at large. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. VTMGX has generated a negative alpha over the past five years of -5.27, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.ExpensesAs competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, VTMGX is a no load fund. It has an expense ratio of 0.07% compared to the category average of 1.18%. So, VTMGX is actually cheaper than its peers from a cost perspective.Investors should also note that the minimum initial investment for the product is $3,000 and that each subsequent investment needs to be at $1.Bottom LineDon't stop here for your research on Mutual Fund Equity Report funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare VTMGX to its peers as well for additional information. Want to learn even more? We have a full suite of tools on stocks that you can use to find the best choices for your portfolio too, no matter what kind of investor you are. Zacks’ Top Picks to Cash in on Artificial Intelligence This world-changing technology is projected to generate $100S of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>Want 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 (VTMGX): Fund Analysis Report To read this article on Zacks.com click here. Zacks Investment Research