Vanguard announced that in late September 2021, manager Binbin Guo will transition off Vanguard Growth and Income and retire from the firm. Following Guo's departure, Cesar Orosco will take over as the head of alpha equity investments for Vanguard's quantitative equity group and serve as the sole portfolio manager for Vanguard's one-third sleeve. Fellow subadvisors D.E. Shaw and L.A. Capital remain in place. This change does not impact the fund's People rating of Above Average. All share classes retain their Morningstar Analyst Rating of Bronze.
Will VGIAX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VGIAX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VGIAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VGIAX’s parent organization’s priorities and whether they’re in line with investors’ interests.