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Vanguard Announces Advisory Changes For Explorer Value Fund
FYI: Vanguard today announced modifications to the investment advisory arrangements of the $317 million Explorer Value Fund (VEVFX). Sterling Capital Management LLC will no longer serve as an advisor to the fund. The portion of the portfolio formerly managed by Sterling (approximately 31% of fund assets) has been equally apportioned to existing managers Frontier Capital Management Co., LLC and Cardinal Capital Management, L.L.C. Regards, Ted https://pressroom.vanguard.com/press_release/Press_Release_Vanguard_Announces_Advisory_Changes_Active_Equity_Fund_060616.html