During the subscription period, the fund will be investing in money market instruments for the purpose of accumulating sufficient assets to construct a diverse portfolio.
The fund will try to provide long-term capital appreciation by investing in small-cap domestic stocks and the
"The new Strategic Small-Cap Fund reflects our growing focus on active quantitative equity management strategies," said Vanguard CIO Gus Sauter. "During the past 15 years, we have built a strong team of investment professionals to develop our models and manage an increasing number of portfolios."
The new fund will require a minimum initial investment of $3,000 for regular and IRA accounts. The expense ration is 0.40%.
James P. Stetler, a principal and portfolio manager in Vanguard's Quantitative Equity Group, will manage the fund.
