https://www.prnewswire.com/news-release ... 24779.html
Where have you gone, Jack Bogle
A nation turns its lonely eyes to you
VALLEY FORGE, Pa., April 4, 2019 /PRNewswire/ -- Vanguard today filed a preliminary registration statement with the Securities and Exchange Commission for Vanguard Commodity Strategy Fund. The new actively-managed fund, which is expected to launch in June 2019, will offer investors added portfolio diversification, along with a potential hedge against inflation risk by investing primarily in commodities and treasury inflation protected securities (TIPS).
"The Commodity Strategy Fund will be a low-cost, broad-based option for advisors and institutional investors seeking additional diversification and inflation protection for a well-balanced portfolio," said Matt Brancato, head of Vanguard's Portfolio Review Department. "We believe the commodity exposure can serve as an effective inflation hedge and also provide value in mitigating stock and bond risks."
Vanguard's new fund will bring a low-cost entrant to the commodity category, which has an average expense ratio of 1.25%.1 The fund will solely offer Admiral Shares at a $50,000 investment minimum, with an estimated expense ratio of 0.20%—less than a sixth of the cost of competing broad-based commodity-linked funds.