An exclusive strategy from Vanguard Personal Advisor Services®
How we make active investing personal
Looking for greater portfolio customization and the chance for increased returns?
Vanguard Personal Advisor Services offers an exclusive strategy and proprietary active funds that are fueled by active expertise from an industry leader. They give you the opportunity to leverage our network of world-class talent who have a history of delivering results for Vanguard investors.
Our success with active
As a whole, our competitors' funds have struggled to meet their goal of benchmark outperformance,** often because of the accompanying higher costs they need to overcome. But at Vanguard, we’ve developed a rigorous, disciplined approach that’s led to sustained success.*
Our advisors are here to help you use actively managed funds to your greatest benefit, considering your personal situation and preferences.
Our results prove it: Active Vanguard funds that outperformed their peer-group averages*
Our formula for active investing
How do we do it? Our impressive performance is partly thanks to our low costs.*** We add to that advantage by partnering with world-class fund managers who align with our philosophy and methodology.
Tailoring your portfolio for market outperformance
Active investing isn't right for everyone. And the right implementation of active can make all the difference.
It's all about maximizing your chances of success while minimizing the impact of additional taxes, cost, and risk.
The combination of advice + active can lead to powerful results.
Our advisors can build a portfolio that gives you:
- An allocation to active that's appropriate for your situation and goals.
- Strategies that help you avoid additional taxes and help you experience the additional returns that active investing can offer.
- Access to world-class active management at a fraction of the cost.
A fraction of the industry cost***
- Explore the funds
- Vanguard Capital Opportunity Fund
- Vanguard Advice Select International Growth Fund
- Vanguard Advice Select Dividend Growth Fund
- Vanguard Advice Select Global Value Fund
- Vanguard International Core Stock Fund
The 5 stock funds included in Vanguard Personal Advisor’s active strategy are thoughtfully designed and managed by top-tier portfolio managers who have a history of delivering results for Vanguard clients.
This strategy gives you the opportunity to outperform the global stock market at a fraction of the industry cost.
This aggressive growth fund invests in companies of various sizes that the managers believe will grow in time, but may be volatile in the short-term. The fund managers have a long-term perspective and ignore short-term market ”noise.“ This investment approach, coupled with a focus in certain market sectors, including information technology and health care, helps differentiate the fund from its benchmark and peer funds.
Fund manager: PRIMECAP Management Company
Expense ratio: 0.36% (68% less than average)***
The International Growth Fund focuses on non-U.S. companies with high growth potential. The fund employs an aggressive approach that attempts to capitalize on global economic expansion. For example, an attractive investment opportunity could be a non-U.S. consumer-products company that is experiencing rapid earnings growth. Because it invests in non-U.S. stocks, including those in developed and emerging markets, the fund can be more volatile than a domestic fund.
Fund manager: Baillie Gifford Overseas Ltd.
Expense ratio: 0.42% (63% less than average)***
This fund is designed to provide investors with some income while offering exposure to dividend-focused companies across all industries. The fund focuses on high-quality companies that have both the ability and the commitment to grow their dividends over time. One of the fund’s risks is the possibility that returns from dividend-paying stocks will trail returns from the overall stock market during any given period. Another risk is the volatility that comes with the fund's full exposure to the stock market.
Fund manager: Wellington Management Company LLP
Expense ratio: 0.45% (49% less than average)***
The fund will provide global, all-cap, contrarian value exposure by investing in discounted companies that are being avoided or overlooked due to uncertainty or complacency. The investment style involves identifying deeply mispriced companies with moderate risk expectations and blends it with strategies designed to exploit inefficiencies in the market, and in particular those created by behavioral biases.
Fund manager: Wellington Management Company LLP
Expense ratio: 0.40% (63% less than average)***
This actively managed fund offers exposure to developed and emerging non-U.S. markets and will be diversified across a range of sectors. The fund’s advisors look to construct a portfolio that blends growth and value styles to serve as a core holding in a globally balanced portfolio. Because it invests in non-U.S stocks, the fund can be more volatile than a U.S. stock fund.
Fund manager: Wellington Management Company LLP
Expense ratio: 0.35% (72% less than average)***
The 5 stock funds included in Vanguard Personal Advisor’s active strategy are thoughtfully designed and managed by top-tier portfolio managers who have a history of delivering results for Vanguard clients.
This strategy gives you the opportunity to outperform the global stock market at a fraction of the industry cost.
This aggressive growth fund invests in companies of various sizes that the managers believe will grow in time, but may be volatile in the short-term. The fund managers have a long-term perspective and ignore short-term market ”noise.“ This investment approach, coupled with a focus in certain market sectors, including information technology and health care, helps differentiate the fund from its benchmark and peer funds.
Fund manager: PRIMECAP Management Company
Expense ratio: 0.36% (68% less than average)***
The International Growth Fund focuses on non-U.S. companies with high growth potential. The fund employs an aggressive approach that attempts to capitalize on global economic expansion. For example, an attractive investment opportunity could be a non-U.S. consumer-products company that is experiencing rapid earnings growth. Because it invests in non-U.S. stocks, including those in developed and emerging markets, the fund can be more volatile than a domestic fund.
Fund manager: Baillie Gifford Overseas Ltd.
Expense ratio: 0.42% (63% less than average)***
This fund is designed to provide investors with some income while offering exposure to dividend-focused companies across all industries. The fund focuses on high-quality companies that have both the ability and the commitment to grow their dividends over time. One of the fund’s risks is the possibility that returns from dividend-paying stocks will trail returns from the overall stock market during any given period. Another risk is the volatility that comes with the fund's full exposure to the stock market.
Fund manager: Wellington Management Company LLP
Expense ratio: 0.45% (49% less than average)***
The fund will provide global, all-cap, contrarian value exposure by investing in discounted companies that are being avoided or overlooked due to uncertainty or complacency. The investment style involves identifying deeply mispriced companies with moderate risk expectations and blends it with strategies designed to exploit inefficiencies in the market, and in particular those created by behavioral biases.
Fund manager: Wellington Management Company LLP
Expense ratio: 0.40% (63% less than average)***
This actively managed fund offers exposure to developed and emerging non-U.S. markets and will be diversified across a range of sectors. The fund’s advisors look to construct a portfolio that blends growth and value styles to serve as a core holding in a globally balanced portfolio. Because it invests in non-U.S stocks, the fund can be more volatile than a U.S. stock fund.
Fund manager: Wellington Management Company LLP
Expense ratio: 0.35% (72% less than average)***
- Explore the funds
- Vanguard Capital Opportunity Fund
- Vanguard Advice Select International Growth Fund
- Vanguard Advice Select Dividend Growth Fund
- Vanguard Advice Select Global Value Fund
- Vanguard International Core Stock Fund
Put our active experience to work for your goals
Cost, talent, and patience have given us an edge when it comes to active investing.
See how teams from around Vanguard and around the world collaborate to find opportunities for our clients.
47 years of active management
70+ active funds
$1.7T in active assets under management
On screen: Christopher W. Alwine, Global Head of Credit, Fixed Income Group
Christopher: Our roots are really in active management, going back to 1929 with the launch of the Wellington™ Fund. Today we have over $1.3 trillion in active assets in over 70 U.S.-based funds.
On screen: Arvind Narayanan, Senior Portfolio Manager, Fixed Income Group
Arvind: Our active fixed income process at Vanguard is really built around 3 key tenets. First, having a long-term perspective. Second is to have diversified sources of alpha, where we’re not reliant on a single market risk factor to drive returns in the portfolio. And third is to have a disciplined approach to risk-taking, where our cost advantage gives us that benefit and allows us to be patient and take risk in the market only when the opportunities are there.
On screen: Matthew C. Brancato, Principal, Institutional Investor Services
Matthew: Our active funds have outperformed over the last 10 years. We’ve been able to do that by getting 3 things right: cost, talent, and patience. We’ve allowed investors to keep more of their return. We’ve hired some of the best managers in the world, and we’ve been patient in allowing that alpha to materialize over a period of time.
On screen: Sara Devereux, Global Head of Fixed Income
Sara: Our active edge in fixed income investing revolves around compounding alpha. We focus on a diversified set of reliable strategies that are repeatable and scalable, and we don’t have an overreliance on large macro bets. In addition, we have a differentiated risk framework that is strengthened by our low fees. This gives us the breathing room to take risk up and down according to the opportunity set, and ultimately results in the best risk-adjusted returns over time.
On screen: Kaitlyn Caughlin, Global Head of IMG Risk
Kaitlyn: We complement our internal approach with external partnerships. Many investors don’t realize the depth of our subadvised active franchise, where we actually can complement our internal expertise with expertise that’s built in many other firms around the world.
On screen: John Ameriks, Global Head of Quantitative Equity Group
John: A lot of the rigor comes in in the debates that we have. A lot of people with very strong academic backgrounds—Ph.D.s in finance, economics, mathematics, a couple of physicists thrown in as well—who bring a variety of different lenses to analyzing whether a model is well-designed, whether it’s fit for purpose, and how it fits into all of the pieces of the process.
On screen: Sam Priyadarshi, Global Head of Portfolio Risk and Derivatives
Sam: On a typical day, my team is looking at portfolios and our positions, and how they’re trending, how the market is trending. They’re monitoring geopolitical events, macro events, movements in the marketplace. It’s a very fast-paced, dynamic, and fluid workplace.
On screen: Gemma Wright-Casparius, Senior Portfolio Manager, Fixed Income Group
We work in conjunction with the investment strategy team, so the economists at Vanguard, and we define where we see the spectrum of probabilistic outcomes in the marketplace: What’s our central view, what’s our tail risks up and down from that.
Christopher Alwine: Successful investing requires a long-term perspective as well as a disciplined approach. So you’re going to see a very collaborative environment, with a very focused team looking to drive value into the portfolios by identifying those opportunities that make sense to implement.
John Ameriks: We’re looking to try to find an insight that others may find harder to uncover, or may be not patient enough to take advantage of. And that just takes an awful lot of work and focus and rigor to get right.
Important information:
For more information about Vanguard funds, visit vanguard.com to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.
For the three-year period ended September 30, 2021, 7 of 7 Vanguard money market funds, 46 of 52 bond funds, 6 of 11 balanced funds, and 22 of 45 stock funds, or 81 of 115 Vanguard funds outperformed their peer group averages. For the five-year period ended September 30, 2021, 7 of 7 Vanguard money market funds, 49 of 51 bond funds, 6 of 7 balanced funds, and 28 of 38 stock funds, or 90 of 103 Vanguard funds outperformed their peer group averages. For the ten-year period ended September 30, 2021, 7 of 7 Vanguard money market funds, 39 of 44 bond funds, 6 of 6 balanced funds, and 29 of 36 stock funds, or 81 of 93 Vanguard funds outperformed their peer group averages.
Only funds with a minimum three-, five-, or ten-year history, respectively, were included in the comparison. Results will vary for other time periods. Source: Lipper, a Thomson Reuters Company. Note that the competitive performance data discussed represent past performance, which is not a guarantee of future results, and that all investments are subject to risks. For the most recent performance, visit our website at www.vanguard.com/performance.
As of September 30, 2021, Vanguard managed $1.7 trillion in actively managed assets. All investing is subject to risk, including the possible loss of the money you invest.
Investments in bonds are subject to interest rate, credit, and inflation risk. Diversification does not ensure a profit or protect against a loss.
©2021 The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corporation, Distributor.
The 5 stock funds included in Vanguard Personal Advisor's active strategy are thoughtfully designed and managed by top-tier portfolio managers who have a history of delivering results for Vanguard clients.
This strategy gives you the opportunity to outperform the global stock market at a fraction of the industry cost.
Explore the funds
This aggressive growth fund invests in companies of various sizes that the managers believe will grow in time, but may be volatile in the short-term. The fund managers have a long-term perspective and ignore short-term market ”noise.“ This investment approach, coupled with a focus in certain market sectors, including information technology and health care, helps differentiate the fund from its benchmark and peer funds.
Fund manager: PRIMECAP Management Company
Expense ratio: 0.36% (68% less than average)***
The International Growth Fund focuses on non-U.S. companies with high growth potential. The fund employs an aggressive approach that attempts to capitalize on global economic expansion. For example, an attractive investment opportunity could be a non-U.S. consumer-products company that is experiencing rapid earnings growth. Because it invests in non-U.S. stocks, including those in developed and emerging markets, the fund can be more volatile than a domestic fund.
Fund manager: Baillie Gifford Overseas Ltd.
Expense ratio: 0.42% (63% less than average)***
This fund is designed to provide investors with some income while offering exposure to dividend-focused companies across all industries. The fund focuses on high-quality companies that have both the ability and the commitment to grow their dividends over time. One of the fund’s risks is the possibility that returns from dividend-paying stocks will trail returns from the overall stock market during any given period. Another risk is the volatility that comes with the fund's full exposure to the stock market.
Fund manager: Wellington Management Company LLP
Expense ratio: 0.45% (49% less than average)***
The fund will provide global, all-cap, contrarian value exposure by investing in discounted companies that are being avoided or overlooked due to uncertainty or complacency. The investment style involves identifying deeply mispriced companies with moderate risk expectations and blends it with strategies designed to exploit inefficiencies in the market, and in particular those created by behavioral biases.
Fund manager: Wellington Management Company LLP
Expense ratio: 0.40% (63% less than average)***
This actively managed fund offers exposure to developed and emerging non-U.S. markets and will be diversified across a range of sectors. The fund’s advisors look to construct a portfolio that blends growth and value styles to serve as a core holding in a globally balanced portfolio. Because it invests in non-U.S stocks, the fund can be more volatile than a U.S. stock fund.
Fund manager: Wellington Management Company LLP
Expense ratio: 0.35% (72% less than average)***
- Funds
- Vanguard Capital Opportunity Fund
- Vanguard Advice Select International Growth Fund
- Vanguard Advice Select Dividend Growth Fund
- Vanguard Advice Select Global Value Fund
- Vanguard International Core Fund
Get the personalized advice you deserve. See how Vanguard Personal Advisor can help you get more for your money. Call us at 800-841-6667.
Investing. In you. That’s the value of ownership.
You invest with intention. Your goals, your plans, your priorities ... they’re not just items on a checklist. They’re the world you’re building for yourself and the ones you love.
At Vanguard, you’re more than just an investor—you’re an owner. And ownership means we’re building that world alongside you.†
For almost 50 years, we’ve given our investor-owners the means to succeed, empowering you with direct access to the markets, the tools, and the advice you need to make sure tomorrow’s world is always bigger than today’s.
No matter your "why," ours is helping you live it. That's the value of ownership.
*For the three-year period ended March 31, 2022, 6 of 6 Vanguard money market funds, 50 of 54 bond funds, 8 of 11 balanced funds, and 29 of 46 stock funds—for a total of 93 of 117 Vanguard funds—outperformed their Lipper peer-group averages. For the five-year period ended March 31, 2022, 6 of 6 Vanguard money market funds, 49 of 51 bond funds, 6 of 7 balanced funds, and 27 of 39 stock funds—for a total of 88 of 103 Vanguard funds—outperformed their Lipper peer-group averages. For the 10-year period ended March 31, 2022, 6 of 6 Vanguard money market funds, 41 of 44 Vanguard bond funds, 6 of 6 Vanguard balanced funds, and 29 of 37 Vanguard stock funds—for a total of 82 of 93 Vanguard funds—outperformed their Lipper peer-group averages. Results will vary for other time periods. Only actively managed funds with a minimum 10-year history were included in the comparison. Source: Lipper, a Thomson Reuters Company. The competitive performance data shown represent past performance, which is not a guarantee of future results. View fund performance
**Over the past 15 years, only about 37% of active stock fund managers and 19% of active bond fund managers have outperformed their designated benchmarks. Sources: Vanguard calculations, using data from Lipper, a Thomson Reuters Company. Based on funds’ excess returns relative to their prospectus benchmark for the 15-year period ended March 31, 2020. Only funds with a minimum 15-year history were included in the comparison. Results for other periods will vary.
***The Lipper category for Vanguard Advice Select International Growth Fund is international large-cap growth with an average expense ratio of 1.13%. The Lipper category for Vanguard Advice Select Global Value Fund is global multi-cap value with an average expense ratio of 1.09%. The Lipper category for Vanguard Advice Select Dividend Growth Fund is large-cap core with an average expense ratio of 0.89%. The Lipper category for Vanguard International Core Stock Fund is international large-cap core with an average expense ratio of 1.23%. The Lipper category for Vanguard Capital Opportunity Fund is multi-cap growth with an average expense ratio of 1.12%. Source: Lipper, a Thomson Reuters Company, as of December 31, 2021.
†Vanguard is investor-owned, meaning the fund shareholders own the funds, which in turn own Vanguard.
For more information about Vanguard funds or ETFs, visit vanguard.com to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information about a fund are contained in the prospectus; read and consider it carefully before investing.
All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss. There is no guarantee that any particular asset allocation or mix of funds will meet your investment objectives or provide you with a given level of income.
Advice services are provided by Vanguard Advisers, Inc., a registered investment advisor, or by Vanguard National Trust Company, a federally chartered, limited-purpose trust company.