Morningstar

Vanguard Health Care Inv VGHCX Fund Analysis

Morningstar Medalist Rating
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Morningstar’s Analysis VGHCX

Will VGHCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VGHCX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VGHCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of VGHCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Jean Hynes to Step Down as Vanguard Health Care Manager; Ratings Unchanged

null Andrew Redden

Andrew Redden

Analyst Note

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.

by Andrew Redden
Published on

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