Active investing is at our core. Active investing is at our core.
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We're well known for our strength in passive investing but we've been leaders in active since our founding over 45 years ago.
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$1.7T*
Active assets under management
Vanguard manages more money in active strategies globally than the size of the Canadian mutual fund industry
45+
Years of experience
We have managed active funds since our inception in 1975, and in Canada since 2018
Famously low fees, leaving investors with more
In Canada, on average, our management fees are 22.5%*** lower than the industry average F series management fee.
The more we grow, the more you and your clients save
Since 1975, Vanguard has been consistently lowering the average expense ratio for our clients around the globe. As our assets grow, we lower our costs, meaning your clients save more of what they earn.
We partner with industry-leading investment managers
$6.6B*
Average mandate size of our external active sub-advisors
We work with proven managers who sub-advise our active strategies
14
Years
Average tenure of our sub-advisor relationships
25
External sub-advisors for our global active lineup
Our Investment Managers
Wellington Management
Tracing its history to 1928, Wellington is one of the world’s largest independent investment management firms, serving as a trusted adviser to over 2,400 clients in more than 60 countries.
Baillie Gifford
Baillie Gifford is an independently owned investment management firm. It is owned and run by 39 of its senior executives who operate as a partnership, a structure which has endured for over a century, and which provides stability for clients and motivation for employees.
Schroders
Schroders is an investment manager with broad expertise across public and private markets, investing on behalf of savers and investors globally.
Pzena
Pzena's investment philosophy is simple: seek to buy good businesses at low prices. Pzena focuses exclusively on companies that are underperforming their historically demonstrated earnings power, performing fundamental, bottom-up research on these companies in an effort to determine whether the problems that caused the earnings shortfall are temporary or permanent.
Our enduring multi-manager approach
We employ a well-defined process to select world-class investment talent with differentiated investment philosophies. And, by combining managers with distinct — but complementary — investment philosophies in our funds, we are less dependent on any one manager, investment style, or market environment to deliver results.
Key Reasons to Invest Explore our Active Strategies
VIC100
Reasons to invest
- Time-tested balanced global strategy designed to mirror the world’s oldest balanced fund launched in 1929
- Equities actively managed following a capital cycles approach: investing globally in conservatively valued, industry-leading companies with improving prospects
- Fixed income approach based on both macro and security level research in global investment grade bonds, to offer income and stability to the portfolio
Investment objective
The fund seeks to achieve its investment objective by investing primarily in a combination of equity securities of companies (approximately two-thirds of the portfolio) and fixed income securities (approximately one-third of the portfolio). The fund’s holdings may be selected from all economic sectors and industry groups, and located anywhere in the world, providing exposure to a broad range of developed and emerging markets. The fund employs an active management strategy. Its independent sub-advisor follows a distinct approach in managing the fund’s assets to maintain a balance between its equity and fixed income components.
VIC200
Reasons to invest
- Employs a value-oriented and dividend-focused investment style with focus on capital appreciation along with a quantitative risk controlled approach
- Focus on quality companies offering an attractive yield and trading at a compelling valuation
- Low-cost strategy, sub-advised by leading institutional managers (Wellington Management Canada ULC and Vanguard Global Advisers, LLC)
Investment objective
The fund seeks to achieve its investment objective by investing primarily in equity securities of companies which tend to pay above-average levels of dividend income and located anywhere in the world. Under normal circumstances, at least 80% of the fund’s assets will be invested in equities. The fund employs an active management strategy. The sub-advisors follow distinct approaches in managing separate portions of the fund’s assets.
VIC300
Reasons to invest
- Employs a deep value and an opportunistic value approach refined since 1958
- Provides investors with two complementary flavors of value - combination of opportunistic and contrarian stock selection
- Low-cost strategy, sub-advised by leading institutional managers (Wellington Management Canada ULC and Pzena Investment Management, LLC)
Investment objective
The fund invests mainly in large- and mid-capitalization companies primarily in the United States whose stocks are considered by sub-advisor to be undervalued. Undervalued stocks are generally those that are out of favour with investors and that the sub-advisor believes are trading at prices that are below average in relation to measures, such as earnings and book value. The fund uses multiple sub-advisors.
VIC400
Reasons to invest
- Proven fundamental, bottom-up growth strategy rewarding investors since 1981
- Strategy seeking to capitalize on innovation and disruption in international markets
- Low-cost strategy, sub-advised by leading institutional managers (Baillie Gifford Overseas Limited and Schroder Investment Management North America Inc.)
Investment objective
The fund seeks to achieve its investment objective by investing primarily in the stocks of companies located outside Canada and the United States and is expected to diversify its assets in countries across developed and emerging markets. In selecting stocks, the fund’s sub-advisors evaluate foreign markets around the world and choose large-, mid-, and small capitalization companies considered to have above-average growth potential. The fund uses multiple sub-advisors to manage its portfolio.
VIC500
Reasons to invest
- A bond fund that aims to be more predictable by providing diversified sources of alpha
- Benefits from a global network of experts with one of the largest fixed income managers in the world
- Low-cost strategy, managed by Vanguard Global Advisers, LLC
Investment objective
The fund seeks to achieve its investment objective by investing primarily in fixed income securities. The fund will invest in securities of issuers located in a number of countries throughout the world, including issuers located in emerging markets, and in securities denominated in various currencies.
VIC600
Reasons to invest
- Globally diversified, fundamental core investment strategy launched in 1995
- Gives investors a global equity exposure through investing in combination of growth and value stocks across all market capitalizations
- Low-cost strategy, sub-advised by leading institutional managers (Baillie Gifford Overseas Limited, Wellington Management Canada ULC and Pzena Investment Management, LLC)
Investment objective
The fund seeks to achieve its investment objective by investing primarily in global equity securities. The fund typically invests across a wide range of industries, and its holdings are expected to represent a mix of value and growth stocks, as well as a mix of developed and emerging markets stocks, across the capitalization spectrum. Under normal circumstances, at least 80% of the fund’s assets will be invested in equity securities.
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* USD
***The average management fee is calculated by taking the average management fee of the industry for series F funds. Vanguard is lower than 22.5% of the industry when compared to the maximum fee for VIC600 of 0.55.
Commissions, management fees, and expenses all may be associated with investment funds. Investment objectives, risks, fees, expenses, and other important information are contained in the prospectus; please read it before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated. Vanguard funds are managed by Vanguard Investments Canada Inc. and are available across Canada through registered dealers.
This material is for informational purposes only. This material is not intended to be relied upon as research, investment, or tax advice and is not an implied or express recommendation, offer or solicitation to buy or sell any security or to adopt any particular investment or portfolio strategy. Any views and opinions expressed do not take into account the particular investment objectives, needs, restrictions and circumstances of a specific investor and, thus, should not be used as the basis of any specific investment recommendation. Investors should consult a financial and/or tax advisor for financial and/or tax information applicable to their specific situation.
All investment funds, including those that seek to track an index are subject to risk, including the possible loss of principal. Diversification does not ensure a profit or protect against a loss in a declining market. While the Vanguard ETFs are designed to be as diversified as the original indices they seek to track and can provide greater diversification than an individual investor may achieve independently, any given ETF may not be a diversified investment.
All monetary figures are expressed in Canadian dollars unless otherwise noted.
Les fonds de placement peuvent donner lieu à des commissions de courtage, à des frais de gestion ou à d’autres frais. Les objectifs de placement, les risques, les frais et les commissions, ainsi que d’autres informations importantes figurent au prospectus; veuillez le lire avant d’investir. Les fonds de placement ne sont pas garantis, leur valeur change fréquemment, et leur rendement passé peut ne pas se reproduire à l’avenir. Les fonds Vanguard sont gérés par Placements Vanguard Canada Inc. et sont offerts au Canada par l’intermédiaire de courtiers inscrits.
Ce document est fourni à des fins informatives seulement. On ne devrait pas se fier aux renseignements contenus dans ce document, ceux-ci ne constituant pas des conseils de placement, fiscaux ou basés sur des recherches. Ce document ne constitue d’aucune façon une recommandation, explicite ou implicite, une offre ou une sollicitation d’achat ou de vente de titres ou en vue d’adopter une stratégie de placement ou de portefeuille précise. Les opinions et perspectives exprimées dans ce document ne prennent pas en considération les objectifs de placement, les besoins, les restrictions, ni les circonstances propres à un investisseur particulier. Par conséquent, elles ne devraient pas servir de base à toute recommandation de placement précise. Il est fortement recommandé aux investisseurs de consulter un conseiller financier ou fiscal pour obtenir de l’information qui s’applique à leur situation particulière.
Tous les fonds de placement, y compris ceux qui tentent de reproduire le rendement d’un indice, sont assujettis à des risques, dont la possibilité de perdre le capital investi. La diversification ne garantit pas un profit et ne protège pas contre les pertes en cas de repli du marché. Même si les FNB Vanguard sont conçus pour être aussi diversifiés que les indices qu’ils tentent de reproduire et qu’ils peuvent procurer une diversification supérieure à celle qu’un investisseur individuel peut obtenir à lui seul, un FNB donné n’est pas nécessairement un placement diversifié.
À moins d’indications contraires, toutes les valeurs monétaires sont exprimées en dollars canadiens.