Vanguard Health Care Adm VGHAX

Manager Jean Hynes will step down from her portfolio management duties on Vanguard Health Care at the beginning of 2025 to focus on her role as Wellington’s CEO. (Wellington is this strategy’s subadvisor). Hynes, who has delivered strong results since becoming the lead manager in January 2013, has increasingly relied on Wellington’s highly capable team of healthcare investors since assuming the CEO role in 2021. In May 2023, the team promoted Wellington veteran Rebecca Sykes to comanager. Sykes, who joined the firm’s healthcare team in 2007, has worked closely with Hynes for over a decade and is in a good position to succeed her. She possesses deep expertise in healthcare, particularly in pharmaceuticals and biotech, the portfolio’s two largest industries by allocation. Hynes will continue to be available as a valuable resource at Wellington.