Christopher Alwine: Our roots are really an active management. Going back to 1929 with the launch of the Wellington fund. Today we have over $1.3 trillion in active assets in over 70 US based funds.
Arvind Narayanan: For active fixed income process at Vanguard is really built around three key tenets. First, having a long term perspective. Second, is to have diversified sources of alpha, where we're not reliant on a single market risk factor to drive returns in the portfolio. And third, is to have a disciplined approach to risk taking, where our cost advantage gives us that benefit and allows us to be patient and take risk in the market only when the opportunities are there.
Matthew Brancato: Our active funds have outperformed over the last 10 years. We've been able to do that by getting three things right: cost, talent, and patience. We've allowed investors to keep more of their return, we've hired some of the best managers in the world, and we've been patient and allowing that alpha to materialize over a period of time.
Sara Devereux: Our active edge in fixed income investing revolves around compounding alpha. We focus on a diversified set of reliable strategies that are repeatable and scalable, and we don't have an over reliance on large macro bets. In addition, we have a differentiated risk framework that is strengthened by our low fees. This gives us the breathing room to take risk up and down according to the opportunity set and ultimately results in the best risk adjusted returns over time.
Kaitlyn Caughlin: We complement our internal approach with external partnerships. Many investors don't realize the depth of our sub advised active franchise where we actually can complement our internal expertise with expertise that's built in many other firms around the world.
John Ameriks: A lot of the rigor comes in, in the debates that we have a lot of people with very strong academic backgrounds, PhDs in finance, economics, mathematics, a couple of physicists thrown in as well, who bring a variety of different lenses to analyzing whether a model is well-designed, whether it's fit for purpose, and how it fits into all of the pieces of the process.
Sam Priyadarshi: And a typical day my team is looking at portfolios, and our positions, and how they're trending, how the market is trending, they're monitoring geopolitical events, macro events, movements in the marketplace. It's a very fast paced dynamic and fluid workplace.
Gemma Wright-Casparius: We work in conjunction with the investment strategy team so the economists at Vanguard and we define where we see the spectrum of probabilistic outcomes in the marketplace what's our central view, what's our tail risks up and down from that.
Christopher Alwine: Successful investing requires a long term perspective as well as a disciplined approach. So you're going to see a very collaborative environment with a very focused team looking to drive value into the portfolios by identifying those opportunities that make sense to implement.
John Ameriks: We're looking to try to find an insight that others may find harder to uncover or may be not patient enough to take advantage of, and that takes just an awful lot of work and focus and rigor to get right.