VANGUARD ANNOUNCES ADVISORY CHANGES FOR VANGUARD INTERNATIONAL VALUE FUND VANGUELY FORGE, Pa. , June 16, 2025 /PRNewswire/ – Vanguard today announced changes to the investment advisory arrangements of Vanguard International Value Fund. Lazard Asset Management LLC has been removed as an advisor on the fund. Lazard has been replaced by a new advisor for Vanguard and the fund, Altrinsic Global Advisors, LLC. Existing advisors ARGA Investment Management, LP and Sprucegrove Investment Management Ltd will remain. The three advisors will each have a target allocation of 33% of the $11.9 billion International Value Fund. These strategic adjustments reflect Vanguard’s ongoing commitment to optimizing its fund offerings and enhancing shareholder value. Vanguard’s manager research team conducts rigorous, ongoing reviews of current and prospective investment advisors, focusing on the fundamental drivers of long-term success for investors. This proactive approach goes beyond short-term performance metrics, ensuring that the fund’s management aligns with Vanguard’s core investment philosophy. Vanguard believes that the addition of Altrinsic Global Advisors, LLC, will significantly benefit current and future shareholders of the Vanguard International Value Fund. The change underscores Vanguard's dedication to providing investors with access to top-tier investment expertise and a diversified approach to international value investing. ARGA Investment Management, LP and Sprucegrove Investment Management Ltd have advised the fund since 2012 and 2020, respectively, demonstrating a long-standing partnership built on trust and mutual success. While Altrinsic Global Advisors, LLC is a new advisor for Vanguard, they bring a wealth of experience to the table, having managed international equities for 25 years. This extensive track record, combined with their deep industry knowledge, provides investors with confidence in their ability to generate sustainable returns. Vanguard holds strong conviction that all three managers’ distinct approaches to value investing within the international equity markets will complement each other, ultimately improving the fund’s construction and overall performance.

Altrinsic Global Advisors, LLC, founded in 2000, is a global equity asset manager headquartered out of Stamford, CT, specializing in managing global, international, and emerging market equity strategies. The firm’s investment philosophy centers around applying time-tested principles of fundamental, intrinsic value investing. This approach leverages the expertise of its investment professionals, incorporating cross-border perspectives, extensive networks, and disciplined bottom-up analysis to capitalize on undervalued opportunities. Altrinsic seeks to deliver long-term capital appreciation through prudently constructed portfolios that reflect its conviction in these strategies. The portion of the fund advised by Altrinsic Global Advisors, LLC, will be managed by a team of experienced portfolio managers, including John Hock (Founder and Chief Investment Officer), Rich McCormick (Co-Chief Investment Officer), and John DeVita (Director of Research). Mr. Hock brings over 30 years of industry experience, while Mr. McCormick has been with the firm since 2009, and Mr. DeVita joined in 2000. Today’s Best Finance Deals About Vanguard Founded in 1975, Vanguard is one of the world’s leading investment management companies. The firm offers investments, advice, and retirement services to tens of millions of individual investors around the globe—directly, through workplace plans, and through financial intermediaries. Vanguard operates under a unique, investor-owned structure where Vanguard fund shareholders own the funds, which in turn own Vanguard. As such, Vanguard adheres to a simple purpose: To take a stand for all investors, to treat them fairly, and to give them the best chance for investment success. For more information, visit vanguard.com. All figures as of April 30, 2025 , unless stated otherwise. For more information about Vanguard funds, visit vanguard.com to obtain a prospectus or, if available, a summary prospectus. Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing. All investing is subject to risk, including the possible loss of the money you invest. Vanguard Marketing Corporation, Distributor. SOURCE Vanguard © 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.