Vanguard Wellington U.S. Growth Active ETF (VUSG)

The Vanguard Wellington U.S. Growth Active ETF is an actively managed equity fund sponsored by Vanguard, with portfolio management provided by Wellington Management Company, a long-standing subadviser to many Vanguard funds.

The fund invests mainly in stocks of U.S. companies that the managers believe offer above-average prospects for growth in revenue and earnings. Holdings are chosen through fundamental research rather than by tracking an index, so the portfolio can differ meaningfully from broad growth benchmarks in sector weights and individual positions.

The ETF brings Wellington's active growth-stock approach into an exchange-traded format. Vanguard is headquartered in Malvern, Pennsylvania, and Wellington Management is based in Boston.