/PRNewswire/ Vanguard today announced changes to the advisory arrangements of Vanguard Growth and Income Fund and Vanguard U.S. Growth Fund. Wellington.
Vanguard Announces Advisory Changes for Two Growth Funds
News provided by
Share this article
Share this article
VALLEY FORGE, Pa., March 1, 2021 /PRNewswire/ Vanguard today 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. Jackson Square Partners, LLC will no longer serve as an advisor to the funds. The portion of the U.S. Growth portfolio formerly managed by the firm (approximately 13% of fund assets) has been equally apportioned to existing managers Jennison Associates LLC, Wellington Management Company LLP, and Baillie Gifford Overseas Ltd. Wellington Management will serve as the sole advisor to the VVIF Growth Portfolio.
Vanguard Shareholders Approve Value Fund Merger and Change to Diversification Status of Five Funds
News provided by
Share this article
Share this article
VALLEY FORGE, Pa., Jan. 22, 2021 /PRNewswire/ Vanguard today 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. We are grateful to all of our shareholders who voted on these important proposals, said Tim Buckley, Vanguard Chairman and CEO. The proxy ties directly to Vanguard s mission of giving every investor the best chance for investment success, and we believe the approval of the changes strengthens our ability to deliver superior investment outcomes by enabling us to manage these funds more efficiently and effectively.