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CONSULTANT PARTNERSHIPS

Investments

 

Investment strategies and approaches 

Active management has always been part of our DNA—Vanguard's first 11 funds were all actively managed. Today, sophisticated modeling and forecasting platforms underpin our investment methodology across our products.

Retirement plans

We blend investment theory and behavioral insights to design target-date funds (TDF) focused on helping investors build lasting retirement income.
No.  1
in assets under management¹
15 + million
investors entrusting us with over $1 trillion in TDF assets²
38 %
of TDF industry assets, more than any other TDF provider²

Deep investment expertise

Draw on Vanguard's deep expertise across a wide range of disciplines to develop customized solutions for your clients.*

Global Equity Index Management

  • 50 portfolio managers and traders.
  • Management of Vanguard’s international and multi-asset index equity products.
  • $8.5T in global assets under management.

Rodney Comegys

CIO VCM, Head of Global
Equity Index Management

Strategic Equity Index Management

  • 13 portfolio managers and traders.
  • Management of Vanguard's U.S. size, style, sector, and specialty index equity products.
  • $2.0T in assets under management.

John Ameriks

CIO VPM, Head of
Quantitative and Strategic
Equity Index Management

Portfolio Review Group

  • 95 professionals and 21 matrixed professionals in the Oversight and Manager Search function including 26 CFAs, 37 MBAs/Masters, and 6 CFPs.
  • Overseeing Vanguard's 400+ mutual funds, ETFs, and their advisors.
  • Developing the optimal fund lineup.
  • Representing Vanguard's investment approach and product lineup internally and externally.

Daniel Reyes

Principal, Portfolio Review Group

Investment Strategy Group

  • 92 investment professionals (28 Ph.D.s).
  • Empirical research on fiduciary and investment committee issues.
  • Economic analysis and insight.
  • Portfolio modeling.

Joseph H. Davis, Ph.D.

Global Chief Economist and Global Head, Investment Strategy Group

Fixed Income Group

  • 20 investment professionals (123 CFA Charterholders, 106 graduate degree holders).
  • Managing active and index taxable and municipal bond funds and ETFs, money markets, and stable value.
  • 88% of Vanguard's active bond funds outperformed their peer group average returns over the last 10 years (Source: LSEG Lipper as of December 31, 2025).3
  • $2.9 trillion assets under management.

Sara Devereux

CIO VCM, Global Head of Fixed Income

The success of our fixed income investing is the direct result of our collaborative investment team, integrated risk management, and unique client alignment. Sara Devereux Global Head of Fixed Income

Investment Management & Finance Risk

  • 97 professionals (48 MBAs/Masters & 28 CFA Charterholders).
  • Independent team reporting to the CRO.
  • Proactive and thorough risk insights for investments.

Sujatha Srinivasan

Principal, Global Head of Investment Management & Finance Risk

Strategic Retirement Consulting

  • 20 staff.
  • 23 years average Vanguard tenure.
  • 8 advanced degrees (4 JDs).
  • QPA, 12 QKA, 4 CPC, 1 CEBS, 2 CFP, 1 FSPA, 1 Six Sigma Black Belt.
  • Fiduciary, plan design, and regulatory expertise for defined contribution plans.

David Stinnett

Principal and Department Head, Strategic Retirement Consulting

Let’s talk

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Personalized experiences Go to Advice

1 Vanguard and Morningstar's Target-Date Strategy Landscape: 2025.

2 DC assets are based on AUM in both Vanguard-administered plans and those administered by others. Other figures are based on AUM market share of the TDF industry. Sources: Vanguard and Morningstar, Inc., as of December 31, 2025.

3 For the ten-year period ended December 31, 2025, 42 of 48 Vanguard active bond funds (88%) outperformed their peer group averages. For the ten-year period ended March 31, 2026, 43 of 52 Vanguard active bond funds (83%) outperformed their peer group averages. Results will vary for other time periods. Only funds with a minimum ten-year history were included in the comparison. (Source: LSEG Lipper.) 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 our website at www.vanguard.com/performance.

*Data as of April 30, 2026.

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

All investing is subject to risk, including the possible loss of the money you invest. Diversification does not ensure a profit or protect against a loss.

Investments in Target Retirement Funds are subject to the risks of their underlying funds. The year in the Fund name refers to the approximate year (the target date) when an investor in the Fund would retire and leave the workforce. The Fund will gradually shift its emphasis from more aggressive investments to more conservative ones based on its target date. The Income Fund has a fixed investment allocation and is designed for investors who are already retired. An investment in a Target Retirement Fund is not guaranteed at any time, including on or after the target date.