Vanguard Equity-Income begins a new era in July 2022 with a manager change on anchor subadvisor Wellington Management’s team. While its approach will remain intact, the need for soon-to-be lead Matthew Hand to prove himself drops the Morningstar Analyst Rating of the fund’s Investor share class to Bronze from Silver; the cheaper Admiral share class retains its Silver rating.
Vanguard Equity-Income Adm VEIRX
NAV / 1-Day Return
85.00
/
0.93
%
Total Assets
54.3 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.190%
Expense Ratio
0.190%
Fee Level
Low
Longest Manager Tenure
14.87
years
Category
Large Value
Investment Style
Large ValueMin. Initial Investment
50,000
Status
Open
TTM Yield
2.33%
Turnover
29%
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will VEIRX 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 VEIRX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the VEIRX 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 VEIRX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Changing of the guard.
