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MFWire: Vanguard Funds and ETFs
MUTUAL FUND FAMILY PROFILES [BETA]
To Update this information contact Editors@InvestmentWires.com or call Armie Lee at 212-331-8995 x111.
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Vanguard Group, The
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100 Vanguard Blvd
Malvern, PA 19355
Google Maps
Contact
Main Phone: 800-523-1036
Web Site:
http://vanguard.com/
Mutual Fund Brand(s)
Vanguard Funds and ETFs
Research Links
SEC Fund Filings by CIK
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Background:
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The only mutually-owned mutual fund firm, the Vanguard Group of Mutual Funds is known for its index funds and low-cost actively managed funds. Typically, its actively managed funds rely on subadvisors for their portfolio management. Its ownership structure, use of subadvisors and scale as an indexer have enabled Vanguard to build a reputation as the lowest cost mutual fund provider while propelling it to become (by 2015, if not earlier), in the words of one industry watcher, "the most dominant fund company in history." As of the end of 2016, that dominance shows now signs of slowing down.
That low-cost philosophy has dictated aspects of Vanguard's strategic evolution. Because its funds carry no distribution fees or 12b-1 charges, it does not pay revenue sharing to distribution partners. In the 401(k) market, Vanguard traditionally limited offering its recordkeeping services to the large plan market where plans are sold directly. Yet Vanguard now also partners with Ascensus to reach small market 401(k) plans via TPAs and advisors.
On the retail side of its business, its funds carry larger-than-average minimum purchase requirements as its low revenue per dollar of AUM make very small accounts unprofitable.
Vanguard's roots date to 1928 when Walter L. Morgan founded the Wellington Fund. Vanguard itself was founded by John "Jack" Bogle in September 1974 to act as the advisor to the Wellington Fund. In January of that year Wellington Management had fired Bogle as its CEO and president. However, the independent board of the Wellington Funds had voted to retain Bogle as the mutual funds chairman.
Bogle brought his vision of low cost investing and indexing along with an innovative ownership structure to what he called his "Vanguard experiment". Since its founding Vanguard has been mutually owned by the shareholders in the mutual funds that it sponsors. That ownership structure remains unique among major fund firms.
Its first mutual fund was the Vanguard Wellington Fund for which Wellington served as the subadvisor.
Vanguard did not launch its first index fund -- First Index Investment Trust (now Index 500) -- until 1976, nearly two years after its founding.
Vanguard hires subadvisors to manage its non-indexed funds.
In 1977 Vanguard dropped sales-loads on its funds and adopted a direct-sold distribution strategy. That year it also adopted a "defined maturity" structure for its bond funds, dividing its funds into short, intermediate and long-term portfolios. A year later it began managing a portion of its fixed income investments in-house rather than through a subadvisor.
In 2000, Vanguard created the Admiral share class to pass on the lower costs of administering large balance accounts to those shareholders.
Jack Brennan took the CEO reins from Bogle in 1999. William McNabb succeeded Brennan as CEO at the end of August 2008.
Employees at Vanguard are known as "crew" members and the fund firm's headquarters is known as the "shipyard" and even the dining rooms are known as "galleys". The motif and Vanguard's name derives from Lord Horatio Nelson's fleet at the battle of the Nile. Nelson's flagship at the battle was theHMS Vanguard.
The low-cost juggernaut now manages over $3.5 trillion as of June 30, 2016.
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Sponsored Opportunities
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Key People:
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Tim Buckley
President, CEO, Director, The Vanguard Group | Bill McNabb
Chairman, The Vanguard Group | Tom Rampulla
Managing Director, Head of U.S. Financial Intermediaries Business, Vanguard | Martha King
Managing Director, Head of Institutional Investor Group, Vanguard | Chris McIsaac
Managing Director, Planning and Development Group, Vanguard Group, The | Karin Risi
Managing Director, Retail Investor Group, Vanguard Group, The | Greg Davis
Chief Investment Officer, Managing Director, Vanguard Group, The | Anne Robinson
General Counsel, Vanguard Group, The | Mike Rollings
Chief Financial Officer, Managing Director of the Finance Division, Vanguard Group, The | Jim Norris
Managing Director of International Operations, The Vanguard Group | Glenn Reed
Managing Director, Strategy Division, The Vanguard Group | Kathy Gubanich
Managing Director, Human Resources, The Vanguard Group | Pauline Scalvino
Head of Corporate Strategy, Vanguard | Melissa Nassar
Principal, Retail Investor Services: Business Development Group, Vanguard | John Marcante
Head of Information Technology, Vanguard Group, The |
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Story Archive for Vanguard Group, The
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Published On
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Story Headline
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Publication |
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9/22/2021
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The Six Most Trusted Fund Firms Are ...
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MFWire.com
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8/27/2021
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Active Inflows Fall 40 Percent, and Passive Falls, Too, But ...
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8/5/2021
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Sans Mandate, an MF Titan Offers Vaccine Bonuses
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7/14/2021
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Vanguard and BlackRock Bet On a Pair of Startups
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5/19/2021
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The Low-Cost Leviathan Brings PE to Retail
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4/23/2021
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A $2T-AUM Investing Chief Passes the Reins
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4/15/2021
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Some Fundsters and Fund Firms Sign a Voting Rights Ad
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3/15/2021
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MF and ETF Inflows Quintuple
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3/12/2021
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100 Fund Firms Win Big, With Morgan Stanley Leading the Pack
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2/17/2021
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Despite a January Dip, Inflows Rise YOY
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1/19/2021
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2020 Inflows Fell, But Giants' Dominance Grew
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12/23/2020
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Vanguard Brings a Large Plan Offering Downmarket
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401kWire.com
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12/4/2020
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New Retail and Planning Chiefs Rise At Vanguard
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11/2/2020
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A $13.8B-AUM Shop Teams Up With the Low-Cost Leviathan
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10/15/2020
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33 Years In, a Top Vanguard Stock Indexer Retires
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9/15/2020
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JPMAM Takes the Lead As Titans' Inflows Slip Again
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9/4/2020
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$1T Versus $13.94B
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8/21/2020
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Active Inflows Fall 58 Percent
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8/14/2020
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Inflows Fall 41 Percent
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8/6/2020
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Fundster CEOs Get Out the Vote, and One Hosts a Fundraiser
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7/16/2020
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Titans' Inflows Climb Another 85 Percent
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7/9/2020
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An ETF Vet Guides a $606B-AUM Giant In
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5/6/2020
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Vanguard's Profit-Sharing Growth Slows a Bit
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3/20/2020
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Back On Top After Two Months
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3/16/2020
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Inflows Plunge By 69 Percent
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3/10/2020
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The 33 Most Influential Women In the U.S. Fund Biz
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3/6/2020
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170 Fundsters Gather As 92 Fund Firms Win Big
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2/6/2020
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A Trillion-Dollar Fund?
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MFWire.com
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1/23/2020
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JPMAM Keeps Its Lead
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MFWire.com
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1/22/2020
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Industry Inflows Proportionately Doubled In 2019
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MFWire.com
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1/15/2020
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The $183B Year
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1/13/2020
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Fundsters Added $3.9T In AUM Last Year
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12/30/2019
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Who Runs the Best Funds of the Year?
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MFWire.com
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12/19/2019
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A Bank's Active Funds Lead
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12/12/2019
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While Active Outflows Vanish, BlackRock Three-Peats
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11/12/2019
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Passive Inflows and Active Outflows Both Fall
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10/21/2019
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Passive Inflows Double In Two Months
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MFWire.com
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10/18/2019
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A Focused Growth Shop Wins in September
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10/14/2019
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BlackRock Retakes the Lead, But ...
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9/24/2019
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Lord Abbett Takes the Active Lead
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9/17/2019
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Active and Passive Both Suffered Billions In August Outflows
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8/26/2019
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The Feds Sentence an Ex-Vanguard Vet
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8/19/2019
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Active Outflows Disappear As Passive Inflows Fall
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8/12/2019
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One Fund Firm's Inflows Fall $38B In a Month
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8/1/2019
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A Vanguard Marketer Shifts
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7/22/2019
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Pimco and BlackRock Win In June
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7/15/2019
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The Three ETF Titans Crushed It In June
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MFWire.com
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6/28/2019
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The $1T ETF AUM Club Doubles
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6/25/2019
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Will the Low-Cost Leviathan Retry This Next?
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6/19/2019
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A Virginia Shop Wins In May
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6/13/2019
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The Leviathan Recovers the Pole Position
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6/13/2019
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U.S. Fundsters Advance In China and Mexico
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6/11/2019
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How Much Would Vanguard Have Paid Bogle In His Last Year?
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6/6/2019
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Windsor's Lion Dies
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5/20/2019
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Fidelity Both Won and Lost Last Month
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5/13/2019
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Another Titan Breaks the Flows Duopoly
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5/10/2019
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Loomis, Primecap, and Vanguard Win Big In Chi-Town
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4/23/2019
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A Midwestern Shop Leads the Active Pack
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MFWire.com
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4/16/2019
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Fidelity and T. Rowe Lead This New Old Awards Race
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MFWire.com
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4/15/2019
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The Largest Firms Gobble 98 Percent of Flows
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MFWire.com
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3/29/2019
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BlackRock and a Top BlackRock Alum Both Win Big
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MFWire.com
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3/19/2019
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Bogles' Bunch Dominates Both Sides
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3/18/2019
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A $100B Family Office Takes the Fund Flows Lead
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3/12/2019
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Passive Inflows Drive February Growth
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3/8/2019
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T. Rowe, Fidelity, Pimco and OpFunds Crush It In Gotham
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MFWire.com
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2/21/2019
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Flows Rebound, and Vanguard Retakes the Lead
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MFWire.com
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2/11/2019
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Week In Preview, February 11-18
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MFWire.com
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2/1/2019
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ETF Titans Lead an Award Race
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1/31/2019
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Who Gained Market Share In 2018?
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MFWire.com
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1/29/2019
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Bridge Builder Won Proportionately Last Year, But Not In December
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MFWire.com
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1/28/2019
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Active Outflows Dwarf Passive Inflows
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MFWire.com
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1/18/2019
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Only Five Behemoths Netted December Inflows
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MFWire.com
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1/18/2019
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Mourning Bogle
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MFWire.com
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1/17/2019
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Only Two Firms Added More Than $10B In 2018
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MFWire.com
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1/16/2019
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Jack Bogle Dies
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MFWire.com
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1/8/2019
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The Low-Cost Leviathan's Growth Slows, But ...
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MFWire.com
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1/3/2019
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Only Three Heads of State Beat This Fundster
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MFWire.com
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1/2/2019
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Even Passive Funds Slipped In 2018
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MFWire.com
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12/24/2018
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Passive Inflows and Active Outflows Rise
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MFWire.com
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12/17/2018
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BlackRock Catapults Back to the Lead
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MFWire.com
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11/27/2018
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Vanguard Simultaneously Won and Lost Last Month
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MFWire.com
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11/19/2018
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Two-Thirds of the Giants Suffer Outflows
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MFWire.com
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11/1/2018
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McNabb Finishes Passing the Vanguard Baton
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MFWire.com
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10/17/2018
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New Lens: Active vs Passive Winners
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MFWire.com
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10/10/2018
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SSgA Rebounds, and Vanguard's Flows Double
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MFWire.com
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10/8/2018
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Week In Preview, October 8-14
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MFWire.com
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10/1/2018
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Week In Preview, October 1-7
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MFWire.com
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9/14/2018
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GSAM Roars, and BlackRock Retakes the Lead
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MFWire.com
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9/10/2018
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Week In Preview, September 10-16
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MFWire.com
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8/13/2018
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Flows Brighten, and Passive Titans Lead
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MFWire.com
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8/7/2018
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Richard Bernstein Takes the Lead Proportionately
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MFWire.com
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7/26/2018
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When FAs Want Portfolio Construction Help, They Turn to ...
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MFWire.com
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7/16/2018
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Vanguard Retakes the Lead as Flows Plunge
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MFWire.com
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7/13/2018
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An Ex-Delaware Consultant Resurfaces at Vanguard
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MFWire.com
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6/29/2018
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There's a New Reigning Champ Among Fund Firms
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MFWire.com
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6/25/2018
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Week In Preview, June 25-July 1
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MFWire.com
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6/11/2018
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Week In Preview, June 11-17
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MFWire.com
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5/30/2018
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BlackRock Beat Vanguard Last Month
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MFWire.com
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5/18/2018
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The Fund Firm With the Best Advisor Rep Is ...
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MFWire.com
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4/27/2018
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As Long-Term Flows Rebound, Vanguard Keeps the Lead
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MFWire.com
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4/20/2018
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UBS Led This Pack As Vanguard Retook Another Crown
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MFWire.com
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4/11/2018
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Active Share Catches a Regulator's Eye
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MFWire.com
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4/9/2018
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Week In Preview, April 9-15
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401kWire.com
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3/27/2018
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Even Vanguard and BlackRock Took a Flows Hit
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MFWire.com
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3/23/2018
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A Super-OSJ Preps Its Models For Cetera's Platform
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MFWire.com
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3/13/2018
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Natixis and Vanguard Win Active Praise
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MFWire.com
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3/8/2018
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Which Five TDF Giants Are Gaining Market Share?
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401kWire.com
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2/28/2018
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Nuveen, Vanguard, T. Rowe, and Fidelity Dominate in the Big Apple
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MFWire.com
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2/26/2018
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Despite a Shift, Passive Titans Still Dominated January Flows
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MFWire.com
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2/20/2018
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Week In Preview, February 20-25
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MFWire.com
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2/16/2018
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After Passing the Vanguard Reins, McNabb Adds a Midwestern Hat
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MFWire.com
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1/29/2018
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Week In Preview, January 29-February 4
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MFWire.com
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1/25/2018
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Two Fund Firms, One $555B Year
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MFWire.com
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1/25/2018
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SSgA Had a Great December
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MFWire.com
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1/24/2018
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Fidelity Attacks Vanguard's 401k Free Ride
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401kWire.com
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1/22/2018
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Week In Preview, January 22-28
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MFWire.com
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1/19/2018
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An ETF Newcomer Ties BlackRock In an Awards Race
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MFWire.com
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1/16/2018
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Week In Preview January 16-21
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MFWire.com
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1/12/2018
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T. Rowe, Fido, and Pimco Lead This Awards Race
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MFWire.com
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1/5/2018
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Buckley Took Over Vanguard. What's Next?
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MFWire.com
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1/3/2018
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A 30-Year Columbia Vet Helps Launch a Private Wealth Group
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MFWire.com
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12/21/2017
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Even Vanguard and BlackRock Slowed Down a Bit
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MFWire.com
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11/27/2017
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Guggenheim Rocks October as Two Titans Keep Gobbling
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MFWire.com
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10/30/2017
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Week In Preview, October 30-November 5
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MFWire.com
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10/24/2017
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Despite a Delay, Nally Sticks to His NTF ETF Guns
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MFWire.com
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10/23/2017
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Week In Preview - October 23-29
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MFWire.com
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10/20/2017
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The Vanguard-BlackRock Show Continued In September
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MFWire.com
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10/17/2017
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TD's NTF ETF Platform Expands, Minus a Giant
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MFWire.com
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10/9/2017
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The ETF Strategist Space Crowns a New King
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MFWire.com
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10/2/2017
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Week In Preview, October 2-8
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MFWire.com
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9/26/2017
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Only One Active Shop Passed $1B in Inflows in August
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MFWire.com
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9/11/2017
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Filings For Fundsters - September 11, 2017
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MFWire.com
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9/6/2017
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These Few Things Keep Bill McNabb Up At Night
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MFWire.com
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8/25/2017
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Filings For Fundsters - August 25, 2017
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MFWire.com
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8/24/2017
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New Fund Fuss - August 24, 2017
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MFWire.com
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8/21/2017
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Vanguard and BlackRock Eclipse the Competition, Again
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MFWire.com
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8/9/2017
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Filings for Fundsters - August 9, 2017
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MFWire.com
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8/3/2017
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New Fund Fuss - August 3, 2017
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MFWire.com
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7/24/2017
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Filings for Fundsters - July 24, 2017
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MFWire.com
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7/20/2017
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Vanguard and BlackRock Stay on Top While SSgA's Flow Woe Reverses
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MFWire.com
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7/18/2017
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Follow the Fundsters - July 18, 2017
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MFWire.com
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7/14/2017
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The $4.4T Man Exits As the Good Times Keep Rolling
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MFWire.com
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7/13/2017
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McNabb Is Stepping Down
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MFWire.com
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7/10/2017
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ETF Titans Dominated ETF Strategist Growth in Q1
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MFWire.com
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7/6/2017
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Ivy, Oakmark, and First Trust Had a Big May
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MFWire.com
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7/6/2017
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Are Index Funds Uncaring? McNabb Fires Back
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MFWire.com
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6/29/2017
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Vanguard Retakes the Lead, and Schwab and Oakmark Also Rake It In
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MFWire.com
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6/14/2017
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Follow the Fundsters - June 14, 2017
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MFWire.com
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6/13/2017
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Watch For Vanguard to Staff Up Here
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MFWire.com
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5/26/2017
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Filings for Fundsters - May 26, 2017
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MFWire.com
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