FYI: Vanguard reopened its Dividend Growth fund in early August, three years after it closing it to new investors to prevent it from getting too unwieldy.
The $37.2 billion fund (ticker: VDIGX) is one of six low-fee dividend-focused options in Vanguard’s stable—all of which are open to new investors. As of June 30, the Valley Forge, Pa., company was managing assets of $5.7 trillion—three-quarters of which is in passive products like exchange-traded funds.
The Vanguard Dividend Growth fund and the Vanguard Equity Income fund (VEIRX) are both actively managed; the others are passive.
The firm wasn’t always as focused on dividends. The Dividend Growth fund didn’t take on its current mandate until 2001, for instance.
Regards,
Ted
https://www.barrons.com/articles/vanguard-cashes-in-on-dividend-funds-51566468001?refsec=income-investing
