The Vanguard Group introduced today the Vanguard Capital Value Fund, the firm’s sixth actively managed value fund, which will be sub-advised by Wellington Management Co. of Boston.

The new value oriented, domestic fund will invest in approximately 50 – 80 stocks with market capitalization of all sizes. The fund is a no-load and does not charge a 12b-1 fee. The expense ration is expected to be 0.48%, according to Vanguard. The minimum initial investment is $3,000 for regular accounts and $1,000 for IRA and custodial accounts.

Subscribe Now

Access to premium content including in-depth coverage of mutual funds, hedge funds, 401(K)s, 529 plans, and more.

3-Week Free Trial

Insight and analysis into the management, marketing, operations and technology of the asset management industry.