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The Vanguard Group has filed a statement with the Securities and Exchange Commission to offer the Vanguard Strategic Small-Cap Equity Fund. Vanguard's quantitative equity group, under the leadership of James P. Stetler, will actively mange the stock fund, making it only the second Vanguard fund ever to be actively managed.

The new fund will seek to provide long-term capital appreciation, and will do so by investing in U.S. small-cap stocks.

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