Vanguard Launches Three New Active Equity ETFs

VALLEY FORGE, Pa., Nov. 18, 2025 /PRNewswire/ -- Vanguard today launched three active equity ETFs: Vanguard Wellington U.S. Value Active ETF (VUSV), Vanguard Wellington U.S. Growth Active ETF (VUSG), and Vanguard Wellington Dividend Growth Active ETF (VDIG). All three are advised by Wellington Management. The active equity ETFs are designed to serve as long-term allocations—built on proven strategies, managed by experienced investors, and delivered with the low cost, tax efficiency, and transparency that advisors and clients expect.

"We are proud to collaborate with Wellington Management to bring fundamental active equity expertise to a broader audience through the new suite of ETFs," said Dan Reyes, Global Head of Investment Product at Vanguard. "Each strategy is designed to deliver long-term value, leveraging deep research and disciplined portfolio management. We believe that the transparency, tax efficiency, and accessibility of the ETF structure, combined with Welington's proven investment approach—will empower investors to build resilient, diversified portfolios for the long term."

"These new ETFs offer investors access to proven managers and fundamental active equity exposure in an ETF wrapper—an extension of the long-term success Wellington Management has had as an advisor on many of Vanguard's active equity mutual funds," said Kim Gailun, Head of Equity Boutiques at Wellington Management.

VUSV's strategy and management is similar to the Wellington Management portion of the $24B* Windsor Fund (VWNEX), which they have managed since inception in 1958. It is an opportunistic value strategy that invests in a range of 60 - 100 stocks. It holds companies that may be at depressed valuations due to a shift in market sentiment. VUSV will use the Russell 1000 Value Index as its benchmark. It will have an expense ratio of 0.30%.¹

VUSG's strategy and management is similar to the Wellington Management portion of the nearly $8B* Vanguard Global Equity Fund (VHGEX), which they have managed since 2022. It is a concentrated strategy with 30-60 stocks that invests in disruptive companies with high earnings and revenue growth across a variety of sectors. Its focus is on U.S. companies that strategically use or benefit from innovation in products or services. VUSG will use the Russell 1000 Growth Index as its benchmark. It will have an expense ratio of 0.35%.¹

VDIG is managed by the same team that is responsible for the $44B* Vanguard Dividend Growth Fund (VDIGX) for about 20 years. It is a concentrated equity strategy with 20-40 holdings stocks and low turnover that is defensive in nature. Its defensive approach derives from a focus on high quality companies committed to shareholder return, strong balance sheets, and a propensity to pay and grow their dividends. VDIG will use the S&P U.S. Dividend Growers Index as its benchmark. It will have an expense ratio of 0.40%.¹

Each ETF can serve as a key component in a diversified U.S. equity portfolio and are complementary to one another.

Vanguard has 50 years of active management expertise and offers a robust lineup of active equity products, primarily in the mutual fund vehicle. These new ETFs are an extension of the long-term success Vanguard has had with Wellington Management as an advisor on many active equity mutual funds, as well as an extension of a growing lineup of active ETFs, which currently include several bond ETFs as well as factor-based equity ETFs. This new suite of products delivers the strength of a decades-long partnership—combining Wellington's experience managing over $1T in active strategies with Vanguard's leadership as one of the industry's largest ETF providers.

*Assets under management (AUM) as of 10/31/2025.

About Vanguard
Founded in 1975, Vanguard is one of the world's leading investment management companies. The firm offers investments, advice, and retirement services to individual investors, institutions, and financial professionals. Vanguard operates under a unique, investor-owned structure where Vanguard fund shareholders own the funds, which in turn own Vanguard. As such, Vanguard adheres to a simple purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success. For more information, visit vanguard.com.

¹ The expense ratio information shown reflects estimated amounts for the current fiscal year.

For more information about Vanguard funds and Vanguard ETFs, visit vanguard.com to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing.

Vanguard ETF Shares are not redeemable with the issuing Fund other than in very large aggregations worth millions of dollars. Instead, investors must buy and sell Vanguard ETF Shares in the secondary market and hold those shares in a brokerage account. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling.

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.

Differences in scale, certain investment processes, and underlying holdings between the ETFs and the mutual funds mentioned are expected to produce different investment returns by the products.

Vanguard Marketing Corporation, Distributor.

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SOURCE The Vanguard Group