The Vanguard Group introduced today the Vanguard Capital Value Fund, the firms 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.