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Products March 10, 2001
Vanguard to Introduce New Value Fund
October 3, 2001(PLANSPONSOR.com) - The Vanguard
Group plans to expand its active equity fund offerings with
the addition of the Vanguard Capital Value Fund, a
value-oriented, domestic stock mutual fund.
Reported by Camilla Klein
Vanguard has filed a registration statement for the new fund with the Securities and Exchange Commission.
The no-load Vanguard Capital Value Fund will seek to provide maximum long- term total return by investing in a combination of small-, mid-, and large- capitalization stocks that the adviser deems undervalued or out-of-favor.
The fund’s investment adviser, Boston-based Wellington Management Company, will emphasize extensive research to identify attractively valued companies across the market capitalization spectrum.
In total, Wellington Management serves as adviser for 12 mutual funds and two annuity portfolios for The Vanguard Group.
Value Line-up
The addition of the Vanguard Capital Value Fund to Vanguard’s equity lineup brings the number of Vanguard’s actively managed equity funds to 20, six of which are value funds:
- Vanguard Windsor Fund,
- Vanguard Windsor II Fund,
- Vanguard US Value Fund,
- Vanguard Selected Value Fund,
- Vanguard Equity Income Fund, and
- Vanguard Capital Value Fund
Shares of the Vanguard Capital Value Fund will be offered on a no-load basis. The minimum initial investment is $3,000 for regular accounts and $1,000 for IRA and custodial accounts.