Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.
The Markets January 19, 2007
Vanguard Adds Structured Value Fund
The Vanguard Group on Thursday announced the launch of the Vanguard Structured Large-Cap Value Fund.
Reported by Fred Schneyer
The fund, which seeks to outperform the Russell 1000 Value Index by using a quantitative approach to identify the most attractive stocks in the benchmark, increases Vanguard’s lineup of structured equity portfolios to four offerings, according to a news release.
Both Institutional and Institutional Plus shares are offered for the new fund, with investment minimums of $5 million and $200 million, respectively. Investors who have $1 billion invested at Vanguard are eligible for the Institutional Plus shares with a $100 million investment.
The expense ratio for the Institutional Shares is 0.25% of average net assets; the expense ratio for the Institutional Plus shares is 0.15% of average net assets, Vanguard said.
Vanguard Quantitative Equity Group, which oversees $478 billion in index and quantitatively managed assets, serves as the fund’s manager.
Vanguard managed $300 billion for employer-sponsored retirement plans as of year-end 2006, according to the news release.
« State Street Gives Retirees Access to Financial Information