Vanguard has launched three active equity ETFs with Wellington Management: Vanguard Wellington U.S. Value Active ETF (VUSV), Vanguard Wellington U.S. Growth Active ETF (VUSG), and Vanguard Wellington Dividend Growth Active ETF (VDIG).
“We are proud to collaborate with Wellington Management to bring fundamental active equity expertise to a broader audience through the new suite of ETFs,” said Dan Reyes, global head of Investment Product at Vanguard. “Each strategy is designed to deliver long-term value, leveraging deep research and disciplined portfolio management. We believe that the transparency, tax efficiency, and accessibility of the ETF structure, combined with Welington’s proven investment approach—will empower investors to build resilient, diversified portfolios for the long term.”
“These new ETFs offer investors access to proven managers and fundamental active equity exposure in an ETF wrapper—an extension of the long-term success Wellington Management has had as an advisor on many of Vanguard’s active equity mutual funds,” said Kim Gailun, head of Equity Boutiques at Wellington Management.
VUSV’s strategy and management is similar to the Wellington Management portion of the $24 billion Windsor Fund (VWNEX), which they have managed since inception in 1958. VUSV will use the Russell 1000 Value Index as its benchmark and will have an expense ratio of 0.30%.
VUSG’s strategy and management is similar to the Wellington Management portion of the nearly $8 billion Vanguard Global Equity Fund (VHGEX), which they have managed since 2022. VUSG will use the Russell 1000 Growth Index as its benchmark. It will have an expense ratio of 0.35%.
VDIG is managed by the same team that is responsible for the $44 billion Vanguard Dividend Growth Fund (VDIGX) for about 20 years. VDIG will use the S&P U.S. Dividend Growers Index as its benchmark. It will have an expense ratio of 0.40%.
Each ETF can serve as a key component in a diversified U.S. equity portfolio and are complementary to one another.
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