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Factor-based investing

Factor-based investing

Actively position portfolios to seek specific risk-and-return objectives

Vanguard launches suite of factor-based products

Factor cyclicality: Buckle up; it could be quite a ride!

Blog

The performance variability of U.S. equity factor-driven funds can be a roller-coaster ride for investors.

The performance variability of U.S. equity factor-driven funds can be a roller-coaster ride for investors.

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Factor cyclicality: Buckle up; it could be quite a ride!

Article

The performance variability of U.S. equity factor-driven funds can be a roller-coaster ride for investors.

The performance variability of U.S. equity factor-driven funds can be a roller-coaster ride for investors.

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Security weighting in Vanguard factor products

Video  |  Transcript available

No other provider offers a fund or ETF quite like Vanguard U.S. Liquidity Factor ETF (VFLQ). In this 3-minute video, Vanguard factor experts Frank Chism and Antonio Picca discuss our unique approach to targeting the liquidity factor premium using VFLQ.

In this 3-minute video, Vanguard factor experts Frank Chism and Antonio Picca discuss our unique approach to targeting the liquidity factor premium.

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 | 

  Read transcript

Optimize your factor exposures with our active approach

Video  |  Transcript available

What makes our factor products unique? In this In this 5-minute video, Vanguard factor experts Antonio Picca and Frank Chism discuss the construction and active implementation characteristics that differentiate Vanguard's factor-based products from the competition.

In this 5-minute video clip, Vanguard's Antonio Picca and Frank Chism examine what makes our factor-based products unique.

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 | 

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How Vanguard builds its multifactor product

Video  |  Transcript available

In this 2-minute video excerpt from our recent factors webcast, Vanguard Senior Investment Strategist Doug Grim discusses multifactor strategies, and Head of Factor-Based Strategies Antonio Picca describes the construction methodology of Vanguard's multifactor product.

In this 2-minute video, Vanguard's Doug Grim discusses multifactor strategies, and Antonio Picca shares Vanguard's multifactor product construction methodology.

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 | 

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Dividends or quality? Choosing the best tool for the job

Article

Some advisors use dividend funds as a proxy for quality exposure. But targeting dividend-paying companies only gives you a taste of the quality premium. Vanguard U.S. Quality Factor ETF (VFQY) offers a more precise way to target quality exposure in a portfolio.

Factor expert Frank Chism compares using dividend funds to capture quality with the more targeted exposure provided by Vanguard U.S. Quality Factor ETF (VFQY).

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Benchmarking and comparing factor-based products

Video  |  Transcript available

In a 5-minute video, Vanguard experts Frank Chism, Doug Grim, and Antonio Picca discuss benchmarking and comparing factor products. They examine how to measure a factor fund’s performance against that of the broad market and how to compare one factor fund with another.

In this 5-minute video, Vanguard factor experts examine strategies for comparing factor-based products head-to-head.

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 | 

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Seeing factors through a quant manager's eyes

Article

Learn how our head of factor-based investing thinks about and approaches factors. Drill into our methodology that relies on three broad underlying characteristics to achieve exposure to each individual factors, including value, momentum, quality, and liquidity.

Discover how our head of factor investing thinks about factor-based investing & constructs our factor ETFs focused on value, momentum, quality, and liquidity.

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Our experts talk factors and ETFs at recent conferences

Article

A panel of three Vanguard investing experts summarized their experiences at the Morningstar Investment Conference and the Inside Smart Beta & Active ETFs Summit.

Three Vanguard investing experts discussed what they learned at two recent industry conferences.

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Liquidity Q&A: A hidden gem of factor investing?

Article

Liquidity exposure has historically produced a premium, yet many advisors are unfamiliar with it. In this Q&A, Vanguard factor experts Matt Jiannino and Frank Chism discuss the liquidity premium, strategies that target it, and Vanguard U.S. Liquidity Factor ETF.

Vanguard factor experts Matt Jiannino and Frank Chism sit down to discuss the liquidity premium and Vanguard U.S. Liquidity Factor ETF (VFLQ).

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Elephant in the smart beta room

Blog

The real elephant in the smart beta room is cost. Many smart beta products are more expensive than some traditional active funds.

The real elephant in the smart beta room is cost. Many smart beta products are more expensive than some traditional active funds.

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How factors fit into Vanguard's investment philosophy

Video  |  Transcript available

In this 3-minute video clip, Vanguard's Doug Grim discusses how our factor strategies fit into Vanguard's long-standing investment philosophy. He explains that our new products adhere to Vanguard's four pillars of investing: goals, balance, low costs, and discipline.

In this 3-minute video clip, Vanguard's Doug Grim explains how our factor strategies align with our long-standing investment philosophy.

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 | 

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Blending factors in a multifactor strategy

Video  |  Transcript available

In this 3-minute video, Vanguard factor experts Doug Grim and Frank Chism discuss how and when to blend factors in a portfolio. They examine strategies that leverage combinations of single-factor products and compare that approach with using a multifactor product.

In this 3-minute video, Vanguard factor experts Doug Grim and Frank Chism discuss how and when to blend factors in a portfolio.

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 | 

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Four ways to apply factors in a portfolio

Video  |  Transcript available

Factors can help lower costs, enhance returns, and more. In this 5-minute video taken from a recent webcast, Vanguard factor experts Doug Grim and Frank Chism examine four ways that you can apply factors in client portfolios.

In this 5-minute video, Vanguard's Doug Grim and Frank Chism share four techniques for investing in factors.

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 | 

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Targeting the liquidity factor

Video  |  Transcript available

No other provider offers a fund or ETF quite like Vanguard U.S. Liquidity Factor ETF (VFLQ). In this 3-minute video, Vanguard factor experts Frank Chism and Antonio Picca discuss our unique approach to targeting the liquidity factor premium using VFLQ.

In this 3-minute video, Vanguard factor experts Frank Chism and Antonio Picca discuss our unique approach to targeting the liquidity factor premium.

  Watch video

 | 

  Read transcript

Webcast replay: Factor-based investing

Video  |  Transcript available

With our recent launch of factor products, you might have questions about how we think about factors at Vanguard. Vanguard experts Frank Chism, Doug Grim, and Antonio Picca answered advisors' questions about our factor methodology in our latest webcast.

Watch the full replay of Vanguard experts Frank Chism, Doug Grim, and Antonio Picca answering advisor questions about factor-based investing.

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 | 

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Factor-based investing: The rationale and the risks

Audio  |  Transcript available

Factor funds are not for every investor but they do serve a definite role in the marketplace. In this podcast, Frank Chism, a senior product manager with Vanguard Portfolio Review Department, highlights what is driving interest in these investments.

In this podcast, Vanguard senior product manager Frank Chism highlights what is driving interest in factor-based investing.

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 | 

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Vanguard factor ETFs: Harness low-cost, transparent exposure to factors

Article

Vanguard's new low-cost factor ETFs are a rules-based, transparent innovation in factor investing. This brochure lays out our perspective on factor-based investing and explains how you can reflect your clients’ goals through factor exposure.

Vanguard's new low-cost factor ETFs are an innovation in factor investing. This brochure explains how you can reflect client goals through factor exposure.

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Do you like your style factor spicy or tangy? Evaluating factor funds

Blog

Factor-based strategies are often different, even when focused on the same factor. Here are four key questions to ask when evaluating factor products.

Factor-based strategies are often different, even when focused on the same factor. Here are four key questions to ask when evaluating factor products.

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