Vanguard is continuing to build out its active ETF lineup—this time, in-house.
The firm filed initial paperwork with the SEC today to launch Vanguard U.S. Small-Mid Cap Active ETF. The fund is scheduled to debut around December 3, 2026, but Vanguard has a habit of delaying its ETF launches (see here, for example), so don't be surprised if it slips into 2027.
This one's a change of pace.