Vanguard Health Care is Under Review because manager Jean Hynes is going to become the CEO of subadvisor Wellington Management Company on June 30, 2021, when current CEO Brendan Swords retires. Hynes, who became a comanager on this strategy in 2008 before taking over as the sole skipper in 2013, will remain at the helm going forward. Hynes is quite seasoned and skilled. The overall healthcare team at Wellington is strong and includes Ann Gallo, Robert Deresiewicz, and Rebecca Sykes, who serve as managers on Hartford Healthcare HGHAX alongside Hynes. (Hynes is going to relinquish her manager role on that fund, which is also Under Review, on June 30, 2021.) Meanwhile, this strategy's sensible and appealing process will remain the same. But Hynes' upcoming assumption of the CEO role at Wellington is an important development that needs to be carefully assessed.
Vanguard Health Care Adm VGHAX
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will VGHAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VGHAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the VGHAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of VGHAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Vanguard Health Care Is Under Review Because Its Manager Is Taking on an Additional Role Next Year
