Vanguard news and announcements
August 01, 2019
Vanguard announced the reopening of the $36.6 billion Vanguard Dividend Growth Fund (VDIGX) to all investors, effective immediately.
July 18, 2019
Vanguard filed a preliminary registration with the U.S. Securities and Exchange Commission for Vanguard International Core Stock Fund. The new actively managed fund will be managed by Wellington Management Company LLP and is expected to be available to investors in the fourth quarter of 2019.
July 17, 2019
Vanguard issued its sixth annual How America Saves: Small business edition—a comprehensive assessment of plan design trends and participant savings behavior in small business 401(k) plans served by Vanguard Retirement Plan Access (VRPA).
June 25, 2019
Vanguard launched Vanguard Commodity Strategy Fund (VCMDX) for investors seeking low-cost exposure to the commodities market. The fund will be offered in Admiral Shares, with an estimated expense ratio of 0.20%, which is one-sixth the 1.24% average expense ratio of competing broad-based commodity-linked funds.
June 19, 2019
Vanguard announced plans to transition the client service and account administration for the Vanguard Variable Annuity to Transamerica within the next 12 to 18 months.
May 10, 2019
Vanguard CEO Tim Buckley accepted the 2019 U.S. Morningstar Award for Investing Excellence for Exemplary Stewardship at the Morningstar Investment Conference--one of the three top honors presented by the firm. Vanguard is the inaugural recipient of the award, which recognizes the asset manager that has shown an unwavering focus on serving the best interests of investors.
April 04, 2019
Vanguard filed a preliminary registration statement with the Securities and Exchange Commission for Vanguard Commodity Strategy Fund. The new actively-managed fund, which is expected to launch in June 2019, will offer investors added portfolio diversification, along with a potential hedge against inflation risk by investing primarily in commodities and treasury inflation protected securities (TIPS).
March 07, 2019
Vanguard today added to its current environmental, social, and governance (ESG) fund offerings with Vanguard Global ESG Select Stock Fund. The new active equity fund will be managed by Wellington Management Company LLP and is expected to be available for investment in mid-2019.
January 16, 2019
Vanguard announces the passing of John Clifton Bogle, founder of The Vanguard Group, who died today in Bryn Mawr, Pennsylvania. He was 89.
January 03, 2019
Vanguard announced that the $962.5 million Vanguard Convertible Securities Fund has been closed to new investors in advance of a planned liquidation in late March. Shareholders of the fund are being notified and have the opportunity to exchange into another Vanguard fund or redeem shares prior to the liquidation date, at which time the fund’s assets will be sold and the proceeds distributed.
December 09, 2020
In Vanguard’s annual global economic and market outlook, we outline our expectations for growth and market returns and what investors can focus on to increase their odds of investment success.
December 03, 2020
Vanguard announced several senior leadership changes. Chris McIsaac, currently head of Vanguard’s Planning and Development Division, has been named head of Vanguard’s International business.
December 03, 2020
Building upon decades of thought leadership and investor advocacy, Vanguard introduced How America Invests, a comprehensive analysis of Vanguard investor behavior.
October 15, 2020
Vanguard announced that Michael Buek, a long-tenured principal in Vanguard Equity Index Group and head of U.S. trading, will retire at the end of December 2020, after 33 years with the firm.
October 09, 2020
Vanguard announced Sprucegrove Investment Management Ltd. (Sprucegrove) will be added to the firm’s distinguished roster of world-class active management expertise.
September 25, 2020
Vanguard announced steps to align its money market lineup with changing market dynamics. Vanguard has a long history of refining its fund offerings in an effort to best meet investors’ needs and to adapt to shifting market dynamics. After careful review, Vanguard determined that the limited supply of specific short-term municipal securities available in Pennsylvania (PA) and New Jersey (NJ) makes it no longer possible to meet the investment objectives and maintain the diversification and risk profile of the $1.8 billion Vanguard Pennsylvania Municipal Money Market Fund and the $1.2 billion Vanguard New Jersey Municipal Money Market Fund. Vanguard has closed both funds to new investors and plans to liquidate each of the funds in November. Vanguard will continue to invest in the PA and NJ money market universes as part of its national Municipal Money Market Fund and its PA and NJ long-term tax-exempt funds.
September 24, 2020
Vanguard launched its first fixed income environmental, social, and governance (ESG) ETF for U.S. investors, Vanguard ESG U.S. Corporate Bond ETF (VCEB). The ESG ETF provides investors access to the U.S. corporate bond market and expands Vanguard’s current index-and-actively-managed ESG offerings. Vanguard ESG U.S. Corporate Bond ETF seeks to track the performance of Bloomberg Barclays MSCI U.S. Corporate SRI Select Index and is listed on the Chicago Board Options Exchange (Cboe) with a low expense ratio of 0.12%.
September 15, 2020
Vanguard unveiled its 2020 Investment Stewardship Annual Report, which provides an in-depth view into company engagements, including case studies, the rationale for a number of votes, and summaries of its mutual funds’ voting activities from the year ended June 30, 2020. Additionally, Vanguard also announced the appointment of John Galloway as Vanguard’s new Global Head of Investment Stewardship.
August 27, 2020
Vanguard announced changes to its taxable money market fund lineup.
July 29, 2020
Vanguard announced it would seek shareholder approval to merge the $1.1 billion Vanguard U.S. Value Fund into the $77.2 billion Vanguard Value Index Fund. Effective immediately, Vanguard U.S. Value Fund is closed to new shareholder accounts. The firm also announced plans to seek shareholder approval to change the diversification status of five funds.
July 14, 2020
Vanguard announced it will partner with Infosys (NYSE: INFY) as part of its ongoing strategy to enhance and evolve its full-service defined contribution (DC) business. This strategic partnership will deliver a technology-driven approach to plan administration and fundamentally reshape the corporate retirement plan experience for its sponsors and participants.
July 14, 2020
Vanguard announced a number of leadership changes.
June 26, 2020
Vanguard announced an effort that began in early May to support Historically Black Colleges and Universities (HBCUs), which have been disproportionately impacted by COVID-19. The firm contributed $100,000 to the Thurgood Marshall College Fund’s COVID-19 HBCU Emergency Fund, which provides resources to ensure students and faculty have access to virtual learning tools, mental health support, and tuition assistance. In addition, Vanguard provided $50,000 in direct emergency support to each of the following schools: Delaware State University, Florida A&M University, Hampton University, Howard University, and North Carolina A&T State University.
June 23, 2020
Vanguard, in collaboration with technology provider Symbiont, and in conjunction with Bank of New York Mellon, State Street, and Franklin Templeton, is actively exploring the application of distributed ledger technology (DLT) to foreign-exchange forwards, bringing transparency and workflow efficiencies to the over-the-counter currency market. As part of this pilot, Vanguard has simulated multiple 30-day FX forward contracts with its partners in the initiative – a proof of concept that is reflective of how the firms would conduct the first test trades of FX forwards on a DLT network in the future.
June 11, 2020
Vanguard, in partnership with technology provider Symbiont, announced the completion of the first phase of a blockchain pilot designed to digitize the issuance of asset-backed securities (ABS). In close collaboration with a large US ABS issuer, as well as BNY Mellon, Citi, and State Street, Vanguard successfully modeled the full lifecycle of an ABS settlement on distributed ledger technology (DLT) network by replicating end-to-end transaction flows.
June 10, 2020
Vanguard’s 2020 edition of How America Saves, the industry’s definitive report on Americans’ retirement saving habits, found that automatic plan features helped millions of 401(k) participants adhere to their financial goals, even amid severe market volatility resulting from the coronavirus pandemic.
April 16, 2020
Vanguard closed its $39.5 billion Treasury Money Market Fund (VUSXX) to new shareholder accounts. The company is seeking to protect existing Fund shareholders from high levels of cash flow that could potentially accelerate reductions to the Fund’s yield. Existing shareholders of the Fund can continue to make purchases with no limits.
April 01, 2020
Emotional elements, such as trust and personal connection with an advisor or advisory service, account for about 40% of investors’ perceived value of financial advice, according to new Vanguard research.
March 23, 2020
Vanguard has announced plans to merge the $770 million Vanguard Capital Value Fund into the $17.6 billion Vanguard Windsor Fund. Following the merger, which is expected to be completed in mid-2020, the combined fund will retain the Windsor Fund name and continue to focus on large- and mid-capitalization value stocks.
February 28, 2020
Vanguard today announced forthcoming changes to Vanguard Managed Payout Fund, including renaming it Vanguard Managed Allocation Fund, adding a new portfolio manager, and eliminating monthly payouts in favor of an annual distribution. The change to the portfolio management team is effective immediately; the investment objective and principal investment strategy will be changed in the second quarter to reflect the cessation of monthly payments. The last payment will be made in May.
February 26, 2020
In a report released, Vanguard researchers present results from a new survey that examines investor expectations for U.S. stock returns, GDP growth rates, and bond returns. Citing data obtained during a series of surveys issued to Vanguard retail clients and 401(k) participants, Investor expectations: A new survey revealed investors assigned a 72% probability of conventional equity market returns (defined as a one-year return ranging from –10% to 30%), and anticipated one-year stock market returns of roughly 5%.
February 20, 2020
In fund annual reports, Vanguard reported lower expense ratios on four ETFs, including the $8.3 billion Vanguard Extended Market ETF, the $21.9 billion Vanguard Short-Term Bond ETF, the $12.6 billion Vanguard Intermediate-Term Bond ETF, and the $4.8 billion Vanguard Long-Term Bond ETF. Vanguard also reported lower expenses on three mutual fund share classes of Vanguard Extended Market Fund.
February 19, 2020
Vanguard, a leading provider of defined contribution (DC) recordkeeping and investment management services, today announced a partnership with EQ, a leading shareholder services company, to provide equity compensation services to plan sponsor clients and their participants. The offer will enable employers to seamlessly integrate their employee equity compensation plan with their existing DC plan and provide participants with an intuitive, one-stop platform designed to simplify administration, streamline transactions, and inform financial decisions.
February 11, 2020
In a new Vanguard white paper, The value of advice: Improving portfolio diversification, researchers Cynthia Pagliaro and Steve Utkus demonstrate the material impact of financial advice on the construction of individual investors’ portfolios. Analyzing the asset allocations of more than 44,000 Vanguard self-directed investors who adopted Vanguard Personal Advisor Services, the researchers found the implementation of advice improved portfolio construction for nearly 90% of the investors by addressing equity risk-taking, increasing international exposures, and reducing cash holdings.
February 05, 2020
Vanguard and HarbourVest today announced a strategic partnership to provide qualified investors with access to private equity and the potential to earn higher returns and achieve increased diversification.
January 02, 2020
Vanguard, a leader in low-cost investing, extended commission-free online trading for stocks and options to all Vanguard Brokerage clients, effective immediately. This expands Vanguard Brokerage’s commission-free platform that has included all Vanguard mutual funds since 1977, all Vanguard ETFs since 2010, and nearly every ETF in the industry since 2018. Additionally, more than 3,000 non-Vanguard mutual funds have no transaction fee when traded online.
December 13, 2021
Vanguard released its wide-ranging outlook and analysis on the future of the global economy and financial markets.
November 29, 2021
Vanguard filed an initial registration statement with the U.S. Securities and Exchange Commission to introduce Vanguard China Select Stock Fund. The fund will invest in both onshore and offshore Chinese equities and is intended for clients seeking actively managed, high-alpha-target equity exposure to complement a broadly diversified portfolio. Vanguard expects to launch the fund in the first quarter of 2022.
November 22, 2021
Vanguard announced the election of Tara Bunch to its board of directors and to the board of trustees of each of the Vanguard funds.
November 09, 2021
Vanguard announced the introduction of its new five-fund active equity offer available exclusively to clients of Personal Advisor Services (PAS). The offer is comprised of five single-manager funds, including two existing funds—Vanguard International Core Stock Fund and Vanguard Capital Opportunity Fund—and three funds launched today: Vanguard Advice Select Dividend Growth Fund, Vanguard Advice Select Global Value Fund, and Vanguard Advice Select International Growth Fund.
October 12, 2021
Vanguard launched the actively managed Vanguard Core-Plus Bond Fund, which seeks to offer clients a broadly diversified, single-fund, core fixed income portfolio invested primarily in U.S. Treasury, mortgage-backed, and other U.S. investment-grade securities. In addition, the fund may invest beyond the U.S. investment-grade bond market in areas such as high-yield corporate securities and emerging markets debt of all credit quality ratings.
October 01, 2021
Vanguard announced it has completed the acquisition of Just Invest, a provider of tax-managed, tailored wealth management technology. Just Invest’s offerings, including direct indexing platform Kaleidoscope™, provide financial advisors with technology solutions that cater to their clients’ unique financial needs. The acquisition adds direct indexing, or personalized indexing, capabilities to bolster Vanguard’s world-class investment product lineup and service offering for advisors.
September 28, 2021
Vanguard announced continued efforts to meet the evolving needs of retirement savers, retirees, and plan sponsors by lowering costs, streamlining investment options, and enhancing its industry-leading target-date offer. The firm will consolidate its lineup with the planned mergers of Vanguard Institutional Target Retirement Funds into Vanguard Target Retirement Funds (TRFs), which is expected to result in a lower expense ratio of 0.08% (8 basis points) for each TRF following completion of the mergers.
September 21, 2021
Vanguard announced plans to introduce an auto portability service for 401(k) sponsor clients and their participants. The firm has engaged Retirement Clearinghouse, LLC (RCH)—a leading provider of consolidation services for defined contribution plans and an RLJ Companies' majority owned company—to provide plan sponsors with a new portability solution to simplify small-balance 401(k) rollovers, help more employees preserve their retirement savings, and improve their chances of investment success. The service is expected to launch in mid-2022.
September 01, 2021
Vanguard today announced the retirement of John Marcante, chief information officer, following 28-years of dedicated service to the firm. Nitin Tandon, Vanguard’s current head of Retail and Corporate Systems within the Information Technology division, will join Vanguard’s Senior Staff immediately and become chief information officer, overseeing all aspects of the company's use of technology globally, when Mr. Marcante retires in November.
August 26, 2021
Vanguard filed initial registration statements with the Securities and Exchange Commission to launch three new active equity mutual funds: Vanguard Advice Select Dividend Growth Fund, Vanguard Advice Select Global Value Fund, and Vanguard Advice Select International Growth Fund.
July 29, 2021
Vanguard filed initial registration statements with the U.S. Securities and Exchange Commission to introduce two new active fixed income funds: Vanguard Core-Plus Bond Fund and Vanguard Multi-Sector Income Bond Fund. The funds are designed to meet the needs of clients seeking actively managed “core” and “satellite” bond portfolios and will augment the lineup of higher-alpha, diversified fixed income strategies managed by Vanguard Fixed Income Group.
July 23, 2021
Vanguard announced the election of Dr. David A. Thomas to its board of directors and to the board of trustees of each of the Vanguard funds.
July 13, 2021
Vanguard announced it has entered into a definitive agreement to acquire Just Invest, a provider of tax-managed, tailored wealth management technology, including Kaleidoscope™—a highly customizable, direct indexing offer.
June 11, 2021
World-class plan design, including automatic enrollment, annual automatic deferral increases, and target-date funds helped defined contribution (DC) participants stay the course during the COVID-19 pandemic, according to the most-recent edition of How America Saves.
June 01, 2021
Vanguard announced plans to change the target benchmarks for two dividend-focused index funds in the third quarter of this year. Vanguard Dividend Appreciation Index Fund will change its benchmark to the S&P U.S. Dividend Growers Index from the Nasdaq US Dividend Achievers Select Index. Vanguard International Dividend Appreciation Index Fund will change its benchmark to the S&P Global Ex-U.S. Dividend Growers Index from the Nasdaq International Dividend Achievers Select Index. The respective ETF Shares of these funds, VIG and VIGI, will also track the new benchmarks.
May 19, 2021
Vanguard today announced plans to broaden access to private equity. Vanguard entered the private equity market in 2020 with an initial focus on institutional advised clients, including pensions, endowments, and foundations.
April 22, 2021
After 32 years with the firm, Vanguard announced that John Hollyer, principal and global head of Vanguard Fixed Income Group, will retire at the end of June 2021.
April 07, 2021
Vanguard introduced its first actively managed bond ETF, managed by its in-house fixed income team. Vanguard Ultra-Short Bond ETF (VUSB) offers a low-cost, diversified option for investors seeking income and limited price volatility.
March 23, 2021
Vanguard today announced it is broadening the accessibility and utility of three ETFs in its Russell Index series by employing forward share splits. Vanguard Russell 1000 Value ETF (VONV) and Vanguard Russell 2000 ETF (VTWO) have declared a two-for-one share split, and Vanguard Russell 1000 Growth ETF (VONG) has declared a four-for-one share split.
March 01, 2021
Vanguard announced plans to modify the investment advisory arrangements of the $45.5 billion Vanguard U.S. Growth Fund and $1.2 billion Vanguard Variable Insurance Funds—Growth Portfolio.
February 17, 2021
Vanguard introduced a broad market international bond index fund, Vanguard Total International Bond II Index Fund. The fund will provide international fixed income exposure for Vanguard Target Retirement Funds, Vanguard Target Retirement Trusts, and Vanguard LifeStrategy Funds, who will be the only investors in the new fund.
January 22, 2021
Vanguard announced that based on preliminary voting results at today’s shareholder meeting, which was held virtually, Vanguard fund shareholders approved a proposal for a fund merger and a change in diversification status of five funds.
January 16, 2021
Vanguard filed an initial registration statement with the Securities and Exchange Commission to launch Vanguard Ultra-Short Bond ETF.
January 31, 2022
Vanguard announced the addition of Ariel Investments, LLC, to the firm’s distinguished roster of world-class active managers. Ariel will join Cardinal Capital Management, LLC, and Frontier Capital Management Co., L.L.C., in overseeing the $1.2 billion Vanguard Explorer Value Fund.
January 19, 2022
Vanguard filed an initial registration statement with the U.S. Securities and Exchange Commission to introduce Vanguard Baillie Gifford Global Positive Impact Stock Fund, which is designed to meet the needs of investors seeking actively managed global equity returns along with measurable impact on environmental and social challenges.
January 10, 2022
Vanguard announced plans to launch Vanguard Target Retirement 2070 Fund and Vanguard Target Retirement 2070 Trusts. The newest vintage in Vanguard’s industry-leading Target Retirement lineup, the 2070 Fund and Trusts are designed to provide the youngest members of the workforce with an all-in-one, low-cost portfolio solution as they begin saving for retirement.
November 11, 2016
Vanguard’s Senior Leadership Team was recognized with the Chester County Chamber of Commerce and Industry’s 2016 Executives of the Year Award at the Chamber’s annual dinner at Longwood Gardens in Kennett Square, PA.
May 26, 2017
Vanguard reported expense ratios changes today for funds with fiscal years ending January 31, 2017, marking the final round of changes covering the 2016 – 2017 fiscal year period.
May 21, 2019
Vanguard launched its first actively managed environmental, social and governance (ESG) fund, Global ESG Select Stock Fund (VEIGX). The fund is now accepting investments during a two-week subscription period concluding on June 4, 2019, when it is expected to begin trading.
October 01, 2019
Vanguard introduced Vanguard International Core Stock Fund (VWICX), expanding its actively managed roster of more than 70 mutual funds and ETFs.
February 25, 2022
Vanguard today reported expense ratio changes for 18 funds across multiple ETF and mutual fund share classes, including a wide range of international strategies. The firm continues to return value to investors through lower fund expenses on its path to returning $1 billion in cost savings to shareholders by the end of 2025.
June 07, 2022
Vanguard released the newest edition of How America Saves, the firm’s seminal report on 401(k) plan design and retirement savings habits. Through its annual, comprehensive analysis of nearly five million 401(k) accounts recordkept at Vanguard, the report reveals additional plan design opportunities employers can address to further improve workers’ retirement readiness. While employers have made significant progress in adopting leading plan designs and features, many participants are facing increasingly complex financial situations and life events that can compromise their retirement savings efforts.
May 27, 2022
Vanguard reported expense ratio changes for five mutual funds across multiple share classes. These changes align to funds with fiscal years ending January 2022 and represent an aggregate $2.8 million in net savings for investors.
April 29, 2022
Vanguard reported expense ratio changes for six funds across multiple ETF and mutual fund share classes with fiscal years ending December 2021. The changes include reductions for four broadly diversified bond ETFs and represent $8.8 million in aggregate net savings for investors. Vanguard’s investor-owned corporate structure enables the firm to return value to shareholders through lower costs and reinvestments to improve capabilities, technology, and client experience.
April 12, 2022
Vanguard and American Express announced a new Vanguard financial advice service to be offered exclusively to eligible American Express U.S. Consumer Card Members. INVEST for Amex by Vanguard features Vanguard’s digital financial planning and investment management expertise coupled with American Express’ differentiated rewards. The service will also include access to Vanguard financial advisors.
February 14, 2022
The newly merged Vanguard Target Retirement Funds will have a lower expense ratio of 0.08%. At less than one-fifth the cost of the average target-date fund, Vanguard Target Retirement Funds will retain the same investment strategy, asset allocations, and glide path, informed by more than four decades of client insights and investment management expertise.
February 01, 2022
Vanguard reported lower expense ratios for seven share classes of actively managed mutual funds and one index ETF in prospectus filings for funds with fiscal years ending September 30, 2021. As a result of these expense reductions, $4.4 million in savings was returned to investors.1 This represents the second of six rounds of annual prospectus updates in Vanguard’s 2021-2022 fiscal-year reporting period, which runs from December to May.
December 17, 2021
Vanguard reported lower expense ratios for 17 fund shares, including nine fixed income ETFs. As a result, investors saved an estimated $18.9 million.1 Since its founding in 1975, Vanguard has been a leader in lowering the cost of investing. For more than four decades, asset growth driven by investor cash flows and market returns, coupled with operational efficiencies, has enabled Vanguard to return value to investors through lower fund expense ratios.
December 11, 2020
Vanguard is continuing to lower the cost of investing by broadening access to Vanguard Institutional Target Retirement Funds (TRFs). Effective immediately, the plan-level minimum investment requirement has been reduced to $5 million from $100 million, enabling more 401(k) and 403(b) plan sponsors to offer these low-cost, broadly diversified options to their retirement plan participants.
October 30, 2019
Vanguard announced that the Neptune building, an innovative, new office facility situated on the firm’s 87-acre Malvern West campus, will officially open on Friday, November 1, 2019.
September 16, 2019
In a new paper, Vanguard researchers introduce a three-part framework for measuring the value of financial advice to investors. Using data derived from Vanguard Personal Advisor Services clients, Assessing the Value of Advice demonstrates that the value of advice encompasses three broad dimensions: portfolio, financial, and emotional.
August 30, 2019
Vanguard released its global 2019 Investment Stewardship annual report, which details company engagements and voting records of its mutual funds for the 12 months ended June 30, 2019.
December 22, 2016
Vanguard clients saved an estimated $13 million based on total assets and lower expense ratios on 35 individual mutual fund shares, including 11 exchange-traded fund shares (ETFs).*
December 05, 2016
Vanguard announced today that Victory Capital Management Inc., through its RS Investments team, will serve as a manager of the $4.1 billion Vanguard Mid-Cap Growth Fund. Effective today, the firm will manage the 50% of the fund previously managed by Chartwell Investment Partners, LLC.
November 10, 2016
Vanguard’s Executive Director of Community Stewardship was honored with the Clara Barton Outstanding Humanitarian Award for Community Service at the at the 23rd Annual Spectrum Awards breakfast, hosted by the American Red Cross Eastern Pennsylvania Region at The Union League in Philadelphia.
November 02, 2016
Vanguard announced that the company has created a new operation entirely focused on developing services to meet the evolving needs of its individual, financial advisor, and institutional clients. The Vanguard Innovation Center, expected to open in the second quarter of 2017, will be located in Philadelphia at the nexus of the city’s robust academic and business communities, and in proximity to the region’s transportation hubs and the firm’s global headquarters in Malvern, PA.
October 07, 2016
As part of the national “Senior$afe Training Week,” staff members from the Department of Banking and Securities and Department of Aging visited executives at Vanguard headquarters in Malvern and presented a program designed to help investment advisers and broker-dealers identify and report suspected cases of elder financial abuse.
September 29, 2016
Vanguard announced that John James will join the $3.8 trillion firm’s senior leadership team as a Managing Director and head of Human Resources, responsible for overseeing employment, employee relations, corporate training, compensation, and benefits.
September 21, 2016
Students participating in My Classroom Economy (MCE) show consistent gains in financial knowledge, budgeting behavior, financial socialization, and economic experience1, according to the results of a study conducted by the University of Wisconsin-Madison Center for Financial Security (CFS), with funding from the U.S. Department of Treasury, and in partnership with the School District of Palm Beach County Florida.
July 28, 2016
Vanguard is implementing measures to control asset growth of its $30 billion Dividend Growth Fund. Effective immediately, the fund will no longer accept new accounts; existing shareholders may continue to invest without limitation.
July 15, 2016
Vanguard announced new investment advisory arrangements for the $21 billion Vanguard International Growth Fund and $2 billion Vanguard Variable Insurance Fund (VVIF)-International Portfolio, as well as a change in the manager structure of the nearly $1 billion Vanguard Capital Value Fund.
September 18, 2016
Vanguard announced that the $59 billion Vanguard Emerging Markets Stock Index Fund, including the world’s largest emerging-markets ETF (ticker: VWO), has completed its transition to the FTSE Emerging Markets All Cap China A Inclusion Index, effective with the opening of trading on September 19, 2016.
December 12, 2017
Vanguard, in close collaboration with the Center for Research in Security Prices (CRSP®) and technology provider Symbiont, is leading an effort to simplify the index data sharing process through innovative blockchain technology. This partnership between the three organizations will enable index data to move instantly between index providers and market participants over one decentralized database.
December 06, 2017
Vanguard today announced that Vanguard Emerging Markets Bond Fund is available for investment. The new offering expands Vanguard’s U.S.-domiciled active fixed income fund roster to 25 funds and complements the firm’s existing emerging markets bond index offering.
November 30, 2017
Vanguard has appointed seven experienced investment management professionals as portfolio managers of 23 equity index funds, including some of the largest index funds in the world. Vanguard, which manages $3.56 trillion in index fund assets, periodically rotates its portfolio management staff across the globe in order to strengthen the breadth and depth of the firm’s investment management capabilities.
November 15, 2017
Vanguard announced that, based on preliminary voting results at today’s shareholder meeting, Vanguard fund shareholders elected a board of trustees for all U.S. funds and approved several investment policy changes.
November 09, 2017
Vanguard today launched Vanguard Total Corporate Bond ETF (VTC), expanding its U.S. fixed income fund roster to 17 ETFs and 51 indexed and actively managed mutual funds. The fund offers investors low-cost exposure to the broad U.S. investment-grade corporate bond market through a single fund.
October 18, 2017
Vanguard today launched two actively managed global balanced funds: Global Wellington Fund and Global Wellesley Income Fund. Vanguard, which manages $800 billion in multi-asset class portfolios, has appointed long-time investment advisory partner Wellington Management Company LLP to manage the new funds.
September 27, 2017
Vanguard announced today a new personalized online and digital experience for defined contribution (DC) plan participants designed to improve their retirement readiness. Vanguard draws on decades of behavioral research and sophisticated technology to provide more than 4.4 million participants with a snapshot of their current retirement savings and serve up simple, customized actions that they can take to further their savings goals.
August 22, 2017
Vanguard today filed a registration statement with the Securities and Exchange Commission for a new index portfolio, Vanguard Total Corporate Bond ETF. The ETF is expected to launch in the fourth quarter and will offer investors access to the entire U.S. investment-grade corporate bond market through a single fund.
August 08, 2017
Vanguard, a leading provider of bond index funds and ETFs, announced plans today to change the target benchmarks of three government bond index funds and ETFs to pure Treasury indexes.
August 01, 2017
Vanguard today announced the addition of TimesSquare Capital Management, LLC, to the advisory team of Vanguard International Explorer Fund. The firm will join Schroder Investment Management North America Inc. and Wellington Management Company LLP, in overseeing the $3.4 billion small- and mid-cap international equity fund.
July 26, 2017
Vanguard, a pioneer and leader in balanced fund investing, announced plans to add two actively managed global balanced funds to its lineup. Vanguard has selected Wellington Management Company LLP (WMC) to serve as the investment advisor to the new funds: Global Wellington Fund and Global Wellesley Income Fund.
July 13, 2017
The Board of Directors of The Vanguard Group today elected Vanguard’s Chief Investment Officer Tim Buckley as president and director of Vanguard, and announced plans for him to succeed Bill McNabb as chief executive officer on January 1, 2018.
July 13, 2017
The Vanguard funds filed a preliminary proxy statement today with the U.S. Securities and Exchange Commission (SEC). The filing is the first step in seeking shareholder election of a board of trustees for all funds and approval of several fund policy changes.
June 09, 2017
Vanguard announced today the retirement of Glenn W. Reed, 64, managing director of the firm’s Strategy Division, which is responsible for strategic planning, innovation initiatives, and investment stewardship.
April 28, 2017
Vanguard reported lower expense ratios today for 82 mutual fund and ETF shares, including the world’s two largest stock funds and largest bond fund.
March 28, 2017
In the fourth of six planned announcements, Vanguard reported lower expense ratios today for 15 mutual fund shares, including the industry’s largest balanced fund. As a result, investors saved an estimated $23 million based on total assets across the funds in this round of expense ratio changes. To date, Vanguard has reported an estimated $165 million in cumulative savings based on total assets across 139 index and actively managed fund and ETF shares.
March 20, 2017
Vanguard announced today that ClearBridge Investments, LLC, will join its roster of world-class investment advisory firms to manage a portion of the $11.9 billion Vanguard Explorer Fund. Vanguard also announced that Granahan Investment Management, Inc., and Kalmar Investment Advisers will no longer serve as advisors to the fund.
February 24, 2017
Vanguard reported lower expense ratios today for 68 additional mutual fund and ETF shares, saving clients an estimated $109 million based on total assets across the funds in this round of expense ratio changes.
February 09, 2017
Vanguard has chosen to locate its recently announced Innovation Center at 2300 Chestnut Street, Philadelphia. The site provides the fast-growing global investment management firm proximity to the city’s robust academic and business communities, the region’s transportation centers and the firm’s global headquarters in Malvern.
January 27, 2017
Vanguard clients saved an estimated $20 million based on total assets and lower expense ratios reported across 21 individual mutual fund shares, including three quantitative equity funds and six target-date funds.
January 11, 2017
Vanguard announced the newly established Center for Investor Research (CIR), an enhancement of the company’s efforts to drive investor success through behavioral research and experimentation.
January 05, 2017
Vanguard is expanding its industry-leading target-date series with a new option designed for the next generation of investors. Vanguard Target Retirement 2065 Fund will provide the youngest millennial investors with a low-cost, fully-diversified option to begin saving for retirement as they enter the workforce.
December 17, 2018
Vanguard announced plans to merge the $15.1 billion Vanguard Morgan Growth Fund into the $10.2 billion Vanguard U.S. Growth Fund. Following the merger, scheduled to be completed in early 2019, the fund will retain the U.S. Growth Fund name and continue to invest primarily in large-capitalization stocks of U.S. companies considered to have above-average earnings growth potential and reasonable stock prices in comparison with expected earnings.
November 19, 2018
Vanguard is continuing to lower the cost of investing for nearly 1.5 million clients by broadening the availability of its low-cost Admiral Shares. Minimum investment requirements for Admiral Shares will be lowered from $10,000 to $3,000 for 38 index funds, which is expected to deliver an estimated $71 million in aggregate savings, based on current total assets. This is in addition to the estimated $625 million in cumulative savings that Vanguard has created for its clients over the last three years alone.
November 15, 2018
Vanguard added to its growing roster of active fixed income offerings with the launch of Vanguard Global Credit Bond Fund. The new actively managed fund will provide investors with diversified exposure to the U.S. and international investment-grade credit markets.
November 12, 2018
Vanguard supports the Securities and Exchange Commission’s (SEC) efforts to enhance disclosures by mutual funds and ETFs to improve investor’s experience and help investors make more informed investment decisions.
November 01, 2018
Vanguard CEO Tim Buckley will succeed Bill McNabb as Chairman of the $5.3 trillion investment management firm, effective January 1, 2019. He becomes the fourth chairman in the firm’s 43-year history.
September 20, 2018
Vanguard added to its current environmental, social, and governance (ESG) fund offering with Vanguard ESG U.S. Stock ETF (ESGV) and Vanguard ESG International Stock ETF (VSGX). The new ETFs, which are among the lowest-cost ESG ETFs in the industry, can be purchased commission-free from Vanguard and are available on other leading trading platforms.
September 12, 2018
Joseph P. Brennan has been appointed to a newly created position of Vanguard’s Global Chief Risk Officer and a member of Vanguard’s senior leadership team. In his new role, Mr. Brennan, 49, will assume responsibility for the firm’s current enterprise risk management organization, in addition to all facets of enterprise security and investment risk management.
September 10, 2018
Vanguard announced an expanded partnership with RiskFirst, a leading financial technology company, to provide its institutional nonprofit clients with the same innovative risk management solution, PFaroe, that pension clients have utilized since 2016. Vanguard is one of the first firms in the asset management industry to offer PFaroe to its outsourced chief investment officer (OCIO) foundation and endowment clients. The tool supplements Vanguard’s risk management capabilities and offers a comprehensive analysis of portfolio risks.
September 06, 2018
Vanguard launched Vanguard Total World Bond ETF (BNDW), the industry’s first U.S.-domiciled index ETF offering investors access to the global investment-grade bond universe in a single fund. The new ETF trades on Nasdaq and seeks to track the Bloomberg Barclays Global Aggregate Float Adjusted Composite Index. It has an estimated expense ratio of 0.09%.
August 21, 2018
Vanguard, the leader in low-cost investing, today launched the largest suite of commission-free ETFs available to investors.1 As announced in early July, Vanguard is offering commission-free online transactions on approximately 90% of all ETFs—nearly 1,800 of the roughly 2,000 ETFs currently trading on the major exchanges. Vanguard has excluded inverse and leveraged ETFs due to their highly speculative nature.
August 09, 2018
Vanguard filed a preliminary registration statement with the Securities and Exchange Commission for Vanguard Global Credit Bond Fund. The new actively managed fund, expected to launch in November 2018, will provide investors with diversified, predominately investment-grade exposure to the U.S. and international credit markets.
July 27, 2018
Vanguard announced changes to two actively managed equity funds. The $2.3 billion Vanguard Precious Metals and Mining Fund (VGPMX) will be renamed to Vanguard Global Capital Cycles Fund as part of a restructuring intended to broaden the fund’s mandate and diversify its portfolio. Wellington Management Company LLP will manage the fund effective today. Additionally, Baillie Gifford Overseas Ltd. has been added to the advisory team of the $641 million Vanguard Emerging Markets Select Stock Fund (VMMSX). M&G Investment Management Limited will no longer serve in an advisory capacity for either fund.
July 02, 2018
Vanguard announced substantial reductions in the cost of investing with the firm by providing commission-free online transactions for the vast majority of ETFs. Vanguard, which has offered commission-free transactions of Vanguard ETFs since 2010, is broadening access beyond the company’s 77 low-cost ETFs to nearly 1,800 offerings, including ETFs from BlackRock, Schwab, and SSgA. The program will exclude highly speculative and complex ETFs.
June 27, 2018
Vanguard filed a preliminary registration statement with the Securities and Exchange Commission for Vanguard ESG U.S. Stock ETF and Vanguard ESG International Stock ETF. The new ETFs will complement Vanguard’s existing FTSE Social Index Fund and are expected to begin trading in September 2018.
June 26, 2018
Vanguard announced that David R. Glocke, a long-tenured money market fund manager in Vanguard’s Fixed Income Group, will retire at the end of the month.
June 20, 2018
Vanguard announced plans to transfer the listing of the $36.7 billion Vanguard Total Bond Market ETF (BND) from NYSE Arca to Nasdaq on or about July 26, 2018. Until that time, Vanguard Total Bond Market ETF will continue to trade on NYSE Arca. Clients should not expect any meaningful impact to their trading experience as a result of the transfer.
May 21, 2018
Vanguard filed a preliminary registration statement with the Securities and Exchange Commission for Vanguard Total World Bond ETF. The ETF will be the industry’s first U.S.-domiciled index product offering investors access to the entire global investment-grade bond universe in a single portfolio. It is expected to launch in the third quarter of this year.
March 23, 2018
Vanguard announced four key appointments within its Fixed Income Group as part of the firm's long-standing practice of periodically rotating investment professionals to broaden their experience and strengthen and deepen the firm’s equity and bond management teams.
February 15, 2018
Vanguard launched six new factor-based ETFs—the firm’s first actively managed ETFs in the U.S.—and one factor-based mutual fund. Vanguard’s five single factor funds seek to achieve specific risk or return objectives through targeted factor exposures—minimum volatility, value, momentum, liquidity, and quality. The newly launched U.S. factor funds serve as an extension of Vanguard’s low-cost active fund lineup. These funds will be managed by Vanguard Quantitative Equity Group—Vanguard’s third largest active equity manager, overseeing more than $39 billion.
December 24, 2019
In annual reports being published, nine stock and bond ETFs reported lower expense ratios, including the $24.3 billion Vanguard Total International Bond ETF, the $17.3 billion Vanguard Total International Stock ETF, and the $63.2 billion Vanguard Emerging Markets Stock ETF, the largest in its category1. Vanguard also reported lower expenses on two active funds: Vanguard Global Minimum Volatility Fund and Vanguard International Value Fund.
December 19, 2019
In annual reports being published today, three Vanguard international income-oriented funds reported lower expense ratios: the $1.6 billion Vanguard International Dividend Appreciation Index Fund, the $1.5 billion Vanguard International High Dividend Yield Index Fund, and the $1.9 billion Vanguard Emerging Markets Government Bond Index Fund. Vanguard also reported lower expense ratios on four externally managed active equity funds.
December 16, 2019
Vanguard today announced changes to the multi-manager structures of three value funds: the $47.5 billion Vanguard Windsor II Fund, the $8.0 billion Vanguard Selected Value Fund, and the $951.5 million Diversified Value Portfolio of Vanguard Variable Insurance Fund.
December 13, 2019
Vanguard, the $5.9 trillion U.S.-based asset manager, and Ant Financial Services Group, operator of the world’s leading payment and lifestyle platform, Alipay, today announced a partnership to bring a new streamlined and broadly-available investment advisory service to retail consumers in China.
December 06, 2019
Vanguard released its comprehensive outlook and analysis on the global economy and financial markets. With ongoing trade tensions, geopolitical uncertainty, and unpredictable policymaking becoming the new normal, Vanguard expects U.S. growth to decelerate below trend to around 1% in 2020, with the risk of recession still elevated.
December 05, 2019
Vanguard announced plans to launch a new, broad market international bond index fund, Vanguard Total International Bond II. The fund will serve as the international fixed income component for the firm’s industry-leading Vanguard Target Retirement series and LifeStrategy Funds.
November 19, 2019
Vanguard announced a number of key appointments across its investment management division as part of ongoing efforts to build and expand the capabilities of its global team of more than 500 portfolio managers, analysts, and traders.
July 18, 2022
Vanguard announced that Vanguard Baillie Gifford Global Positive Impact Stock Fund is available for investment. The fund consists of a global equity portfolio with the potential to outperform the broad market through active management and contribute positively to solving some of the world’s challenges, including social and environmental challenges.
May 26, 2023
Vanguard announced changes to the advisory arrangements of Vanguard Growth and Income Fund and Vanguard U.S. Growth Fund. Wellington Management Company LLP has been added as an advisor to the Growth and Income Fund, and the portion of the U.S. Growth Fund advised by Wellington Management will increase. Vanguard Quantitative Equity Group (QEG) will no longer serve as an advisor to either fund.
March 09, 2023
Vanguard launched Vanguard Short-Term Tax-Exempt Bond ETF (Ticker: VTES). The new municipal bond index ETF is managed by Vanguard Fixed Income Group and is designed for tax-sensitive investors with a short-term time horizon and low interest rate risk tolerance.
February 14, 2023
Vanguard announced plans to merge Vanguard Managed Allocation Fund into Vanguard LifeStrategy Moderate Growth Fund and to liquidate Vanguard Alternative Strategies Fund. The merger and liquidation are expected to take place in the second quarter of 2023.
February 01, 2023
Vanguard announced the launch of its proxy voting choice pilot for investors in three Vanguard equity index funds. The pilot reflects Vanguard’s continuing commitment to levelling the playing field for individual investors and helping to give them the best chance for investment success.
January 26, 2023
Vanguard announced that the actively managed Vanguard Multi-Sector Income Bond Fund is now available for public investment, offering investors diversified exposure to fixed income credit sectors. The fund, managed by Vanguard Fixed Income Group, provides clients with a flexible, risk-controlled approach that enables portfolio managers to seek the best opportunities across various sectors and credit qualities.
December 22, 2022
Vanguard announced plans to introduce Vanguard Short-Term Tax-Exempt Bond ETF (Ticker: VTES), a municipal bond index ETF that will be managed by Vanguard Fixed Income Group. Vanguard intends to launch the ETF in the first quarter of 2023.
December 19, 2022
Vanguard announced plans to modify the investment advisory arrangement of the $3.1 billion Vanguard Mid-Cap Growth Fund. RS Investments will no longer serve as an advisor to the fund, and the firm’s portion of the fund (approximately 20% of fund assets) will be transitioned to Frontier Capital Management Co., LLC, an existing manager on the fund.
November 02, 2022
Vanguard Global Environmental Opportunities Stock Fund is now available for investment. Investors can purchase shares during a two-week subscription period. The fund will begin pursuing its investment objective on November 16, 2022.
October 11, 2022
Vanguard announced changes to the investment advisory arrangements and benchmark of the $1.68 billion Vanguard International Explorer Fund. Following a transition period, current investment advisors Wellington Management Company LLP; Schroder Investment Management North America Inc.; and Baillie Gifford Overseas Ltd., will now manage 40%, 40%, and 20% of the fund’s assets, respectively. TimesSquare Capital Management, LLC will no longer serve as an advisor to the fund.
September 26, 2022
Vanguard announced that the $44.2 million Vanguard U.S. Liquidity Factor ETF will be liquidated in late November. The decision was made as part of Vanguard’s ongoing, comprehensive review of its global product lineup to ensure that each fund and ETF meets the evolving needs of clients.
August 29, 2022
Vanguard announced that it has added Vanguard Fixed Income Group as an advisor to Vanguard High-Yield Corporate Fund. Vanguard’s high-yield credit team will manage about one-third of the portfolio with Wellington Management Company LLP continuing to manage the remainder of the fund. Additionally, Elizabeth Shortsleeve of Wellington Management, has been added as a co-portfolio manager.
August 16, 2022
Vanguard announced its plans to launch Vanguard Global Environmental Opportunities Stock Fund. The actively managed fund will hold a concentrated portfolio of companies that both are involved in the process of decarbonization and derive at least half of their revenue from activities deemed by the fund’s advisor to contribute positively to environmental change.
August 08, 2022
Vanguard announced changes to the investment advisory arrangements of Vanguard Global Equity Fund. Two additional investment advisors were added to the fund: Wellington Management Company, LLP and Pzena Investment Management, LLC. They will manage the portion of the fund formerly advised by Marathon Asset Management, which will no longer serve as an advisor to the fund.
Number of funds offered worldwide, as of April 30, 2023: 204 in the U.S. (including variable annuity portfolios) and 227 in markets outside the U.S.
More than 30 million investors, as of April 30, 2023.
Asset-weighted average U.S. fund expenses, as a share of 2022 average net U.S. assets, as of December 31, 2022. Sources: Vanguard and Morningstar, Inc.
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