Asset manager has filed preliminary prospectus
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Vanguard Investments Canada Inc. is launching four low-cost and actively managed mutual funds, its first suite of mutual funds.
The firm, which has 36 ETFs in Canada with AUM of around C$14 billion, has filed a preliminary prospectus with Canadian securities regulators for the mutual funds, which it will manage along with several subadvisors.
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The four new funds are:
Vanguard Global Balanced Fund – The Vanguard Global Balanced Fund seeks to provide long-term capital growth together with some current income. This fund will be sub-advised by Wellington Management Canada LLC.
Vanguard Global Dividend Fund – The Vanguard Global Dividend Fund seeks to provide an above-average level of current income together with long-term capital growth. This fund will be sub-advised by Wellington Management Canada LLC and The Vanguard Group, Inc., including Vanguard's Quantitative Equity Group.
Vanguard US Value Windsor Fund – The Vanguard US Value Windsor Fund seeks to provide long-term capital appreciation and income. This fund will be sub-advised by Wellington Management Canada LLC, Pzena Investment Management LLC and The Vanguard Group, Inc.
Vanguard International Growth Fund – The Vanguard International Growth Fund seeks to provide long-term capital appreciation. This fund will be sub-advised by Baillie Gifford Overseas Limited, Schroder Investment Management North America Inc. and The Vanguard Group, Inc.
It is expected that the funds will have a maximum management fee of 0.5% for Series F.
