Get a head start

Vanguard is one of the world’s largest active managers. Our heritage in active fund management dates a to the year we were founded – 1975. For almost half a century we have strived to provide long-term alpha at a cost that represents value to investors.

Why invest in Vanguard active funds?

45+ years

Vanguard has a long history of active management, having managed active funds since our beginning in 1975.

One of the largest active managers

With over USD 1.6 trillion1 in active assets, we are one of the largest active managers in the world.

Low costs and top talent

Our research supports something we’ve long believed: that low costs and top talent are critical factors in improving the likelihood of outperformance using active investments2.

All assets under management figures are as at 31 December 2023

“Active Management: the importance of cost, talent and patience”. The Vanguard Group, Inc., December 2017.

Choosing the right active manager

Whether managing funds ourselves or choosing external  managers that we’re confident will add value while embracing our approach, we use a framework focusing on qualitative criteria, not short-term performance.

Talent

Unique access to a vast talent pool – both internal and external.

Patience

Designed for the long term with your clients in mind.

Cost

An ongoing commitment to driving down costs.

More about our approach to active investing and selecting managers

Latest quarterly active fund updates

Our quarterly in-depth commentary and report on the performance and perspectives that affect our active funds.

Our low-cost active funds

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Multi-asset investing

ActiveLife Climate Aware funds offer a simple, all-in-one multi-asset solution for investors who prefer an active approach to portfolio management and wish to incorporate climate considerations in their portfolios. The funds are run by Wellington, our oldest and largest partner with whom we have entrusted investor's capital since our inception.

Our ActiveLife Climate Aware range

More about ESG at Vanguard

More about multi-asset at Vanguard

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Active equity funds

We take a global, best-in-class approach to selecting our equity managers. Looking beyond Vanguard's internal teams allows us to draw on a wealth of global resources, specialist knowledge and proprietary investment approaches to deliver a balanced portfolio and robust risk controls.

Global Equity Fund

Global Emerging Markets Fund

Global Equity Income Fund

Active U.K. Equity Fund

Global Capital Stewards Equity Fund

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

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Active fixed income funds

Managed by our global Fixed Income Group, our philosophy is founded on a commitment to deliver value to investors by focusing on consistent, long-term alpha generation and reducing downside risk.

Global Credit Bond Fund

Emerging Markets Bond Fund

More about fixed income at Vanguard

More about active fixed income at Vanguard

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

Build your investment knowledge

Explore in-depth insights on investment principles, portfolio construction and comprehensive product education to expand your knowledge.


Investment risk information

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

Some funds invest in emerging markets which can be more volatile than more established markets. As a result the value of your investment may rise or fall.

Investments in smaller companies may be more volatile than investments in well-established blue chip companies.

Funds investing in fixed interest securities carry the risk of default on repayment and erosion of the capital value of your investment and the level of income may fluctuate. Movements in interest rates are likely to affect the capital value of fixed interest securities. Corporate bonds may provide higher yields but as such may carry greater credit risk increasing the risk of default on repayment and erosion of the capital value of your investment. The level of income may fluctuate and movements in interest rates are likely to affect the capital value of bonds.

The Vanguard Emerging Markets Bond Fund and the Vanguard Global Credit Bond Fund may use derivatives, including for investment purposes, in order to reduce risk or cost and/or generate extra income or growth. For all other funds they will be used to reduce risk or cost and/or generate extra income or growth. The use of derivatives could increase or reduce exposure to underlying assets and result in greater fluctuations of the Funds net asset value. A derivative is a financial contract whose value is based on the value of a financial asset (such as a share, bond, or currency) or a market index.

Some funds invest in securities which are denominated in different currencies. Movements in currency exchange rates can affect the return of investments.

For further information on risks please see the “Risk Factors” section of the prospectus on our website.

Important information

This is directed at professional investors and should not be distributed to, or relied upon by retail investors.

For further information on the fund's investment policies and risks, please refer to the prospectus of the UCITS and to the KIID before making any final investment decisions. The KIID for this fund is available, alongside the prospectus via Vanguard’s website.

This is designed for use by, and is directed only at persons resident in the UK.

The information contained herein is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so. The information is general in nature and does not constitute legal, tax, or investment advice. Potential investors are urged to consult their professional advisers on the implications of making an investment in, holding or disposing of shares and /or units of, and the receipt of distribution from any investment.

Vanguard Investment Series plc has been authorised by the Central Bank of Ireland as a UCITS and has been registered for public distribution in certain EEA countries and the UK. Prospective investors are referred to the Funds' prospectus for further information. Prospective investors are also urged to consult their own professional advisers on the implications of making an investment in, and holding or disposing shares of the Funds and the receipt of distributions with respect to such shares under the law of the countries in which they are liable to taxation.

The Manager of Vanguard Investment Series plc is Vanguard Group (Ireland) Limited. Vanguard Asset Management, Limited is a distributor of Vanguard Investment Series plc.

The Authorised Corporate Director for Vanguard Investments Funds ICVC is Vanguard Investments UK, Limited. Vanguard Asset Management, Limited is a distributor of Vanguard Investments Funds ICVC.

The Manager of the Ireland domiciled funds may determine to terminate any arrangements made for marketing the shares in one or more jurisdictions in accordance with the UCITS Directive, as may be amended from time-to-time.

For investors in UK domiciled funds, a summary of investor rights is available in English.

For investors in Ireland domiciled funds, a summary of investor rights is available in English, German, French, Spanish, Dutch and Italian.

Issued by Vanguard Asset Management Limited, which is authorised and regulated in the UK by the Financial Conduct Authority.

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