New active equity ETFs from Vanguard and Wellington

Vanguard and Wellington Management have partnered to launch three actively managed equity ETFs:

• Vanguard Wellington U.S. Value Active ETF (VUSV)
• Vanguard Wellington U.S. Growth Active ETF (VUSG)
• Vanguard Wellington Dividend Growth Active ETF (VDIG)

The new ETFs unite Wellington’s nearly 100 years of active management expertise—and over $1 trillion* in assets under management—with Vanguard’s scale and cost-efficient ETF design.  

“Vanguard and Wellington have partnered on actively managed funds for more than 50 years,” said Vanguard President and CIO Greg Davis. “This is our first collaboration on ETFs, and it’s Vanguard’s first time offering fundamental active equity strategies in an ETF.” Watch Greg Davis and Wellington CEO Jean Hynes discuss the new ETFs.

Designed for endurance

The ETFs are designed to serve as long-term allocations. They’re built on proven strategies, managed by experienced teams, and delivered with tax efficiency, transparency, and low costs relative to their peer groups averages.**

• VUSV is a high-conviction, contrarian value strategy that focuses on companies that may have depressed valuations because of a shift in market sentiment. Portfolio manager David Palmer uses an approach similar to the one he applies in Wellington’s portion of the multi-manager Vanguard Windsor Fund.
• VUSG is a concentrated strategy that seeks out companies with high earnings and revenue growth, focusing on highly innovative or disruptive firms expected to capture outsized market share over 5–10 years. Portfolio managers Michael Masdea and Brian Barbetta manage the global version of a similar strategy for Wellington’s portion of the multi-manager Vanguard Global Equity Fund.
• VDIG is a concentrated, low-turnover strategy with a defensive orientation.  It focuses on high-quality companies that demonstrate a commitment to shareholder returns, maintain strong balance sheets, and have a propensity to pay and grow their dividends. Portfolio manager Peter Fisher draws on his experience managing Vanguard Dividend Growth Fund (VDIGX), Vanguard International Dividend Growth Fund (VIDGX), and other dividend-focused strategies.

Complementary strategies with versatile use cases

For advisors seeking active U.S. equity exposure in client portfolios, the new ETFs offer complementary styles and exposures that make them well-suited as core portfolio components. They can also be used as satellite positions around an index core to target higher-growth opportunities, contrarian value strategies, or defensive, lower-beta exposures.

Get details on VUSV, VUSG, and VDIG.

Learn more about active equity at Vanguard.

* As of September 30, 2025.

** Source: Vanguard calculations based on Morningstar data as of September 30, 2025. Peer group averages are asset-weighted and derived from active equity mutual funds and ETFs within each ETF's corresponding Morningstar category. Expected expense ratios versus respective peer group averages are: VUSV, 0.30% versus 0.60%; VUSG, 0.35% versus 0.68%; VDIG, 0.40% versus 0.49%.

Important information

For more information about Vanguard funds or Vanguard ETFs, visit advisors.vanguard.com to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing. 

Vanguard ETF Shares are not redeemable with the issuing Fund other than in very large aggregations worth millions of dollars. Instead, investors must buy and sell Vanguard ETF Shares in the secondary market and hold those shares in a brokerage account. In doing so, the investor may incur brokerage commissions and may pay more than net asset value when buying and receive less than net asset value when selling.

All investing is subject to risk, including possible loss of principal.

For the ten-year period ended September 30, 2025, for funds solely managed by Wellington Management, 11of 12 funds outperformed their peer group averages. For the same period, for multimanager funds co-managed by Wellington Management, 16 of 19 funds outperformed their peer group averages. Source: Vanguard using Morningstar data. Includes all funds and share classes. Only funds and share classes with a minimum ten-year history were included in the comparison.  Note that the competitive performance data shown represent past performance, which is not a guarantee of future results, and that all investments are subject to risks. For the most recent performance, visit www.vanguard.com/performance.

Investments in stocks issued by non-U.S. companies are subject to risks including country/regional risk and currency risk.

Prices of mid- and small-cap stocks often fluctuate more than those of large-company stocks.