The Capital Appreciation Fund (VAPPX) is a mutual fund that focuses on investing in stocks with the potential for long-term growth and capital appreciation. This fund aims to provide investors with a diversified portfolio of high-quality companies that have strong growth prospects. VAPPX may also invest in other types of securities, such as bonds and cash equivalents, to further diversify its holdings. With a focus on capital appreciation, this fund may be suitable for investors seeking long-term growth potential in their portfolio.