Mutual funds

Actively managed funds

Tap into the experience of top money managers from Vanguard and around the world

Under the radar

Over the past 10 years, 86% of our actively managed funds performed better than their peer-group averages.* And when our funds outperform, you have the opportunity to earn more.

Surprised at our success with actively managed funds? See how they can help you diversify your portfolio.

Actively managed funds aren’t new to us…

Actively managed funds have been a significant part of our history going back to our start in 1975. In fact, our first 11 mutual funds were actively managed.

… and they’ve been quietly growing

The numbers tell the story of how we've become one of the largest managers of actively managed funds in the world. Today, we manage more than $1.6 trillion in active assets.**

Explore our active funds

You've known us for leading the indexing revolution. But we recognize some investors follow different paths to financial success.

That's why we offer more than 70 U.S.-based actively managed funds, spanning a range of stock, bond, and balanced funds in U.S. and international investments.

Not a Vanguard client yet?

Not a Vanguard client yet?

Outperformance by design

Actively managed funds try to beat market returns with investments hand-picked by professional money managers. You may be surprised by our active funds' performance.

Access premier money managers

Our size and reputation allow us to carefully select partners from across the globe. We build deep relationships with their investment teams and continually evaluate their performance.

Trust in our disciplined investment approach

Because creating long-term value matters to you, we pursue the funds' objectives without taking excessive risk.

Benefit from client-first decision-making

We launched the first index fund for individual investors in 1976. And we've been perfecting our benchmark selection and tracking skills every day since.

Have realistic expectations

Actively managed funds can add value to your portfolio because they offer an opportunity for outperformance. But be mindful—there's also the possibility they may underperform.

Diversify your assets

By partnering actively managed funds with index funds, you can broaden diversification in your overall portfolio.

Invest for the long term

Strategically choose actively managed funds for your portfolio with your long-term goals in mind, ignoring short-term market volatility.

Learn more about investing

ETFs vs mutual funds: A comparison

There are funds for every investor. Find one that’s right for you.

Choosing between funds & individual securities

You can choose to add both to your portfolio. See why it matters.

How much should you invest in stocks or bonds?

See how 9 model portfolios have performed in the past.

Ready to invest in a mutual fund?

New to Vanguard or looking to consolidate your savings?


Already a Vanguard client? Log in to view your account.

Ready to invest in a mutual fund?

New to Vanguard or looking to consolidate your savings?


Already a Vanguard client? Log in to view your account.

*For the 10-year period ended December 31, 2020, 7 of 7 Vanguard money market funds, 38 of 44 Vanguard bond funds, 6 of 6 Vanguard balanced funds, and 30 of 37 Vanguard stock funds―for a total of 81 of 94 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 here

**As of December 31, 2020 all investing is subject to risk, including the possible loss of money you invest. Diversification does not ensure a profit or protect against a loss.