Vanguard Morgan GrowthVMRGX

Vanguard Morgan Growth has a lot of moving parts, but it's moving in the right direction.

This fund now has five managers independently running portions of the portfolio. Four of them, Wellington Management, Jennison Associates, Frontier Capital Management, and Kalmar Investments, use fundamental research to find large-, mid-, and some small-cap domestic stocks with higher-quality attributes, such as strong balance sheets and cash flows, as well as reasonable valuations, such as price/sales.  Read more 

Four of the fund's five independent managers follow fundamental approaches: Wellington's Paul Marrkand looks for moderately priced growth stocks that have the potential to surge. Kathleen McCarragher of Jennison Associates looks for big but fast-growing companies with durable competitive advantages.  Read more 

Jim Stetler from Vanguard's in-house quantitative equity group manages roughly a fifth of this fund. Paul Marrkand and his team from Wellington Management are responsible for nearly 40%. The rest of the fund is divided among Stephen Knightly of Frontier Capital Management, Ford Draper Jr.  Read more 

Several cooks don't necessarily spoil the broth. Vanguard splits this fund's assets among four talented advisors who invest in midsize and large companies. Helped by low expenses, the fund boasts competitive long-term returns.  Read more