Binbin Guo, of Vanguard’s in-house Quantitative Equity Group, will leave the management team of Vanguard Equity-Income and retire in September 2021, the firm recently announced. Guo’s departure comes in the aftermath of former QEG manager James Stetler’s July 2021 retirement, and the Feb. 26, 2021, naming of Sharon Hill as a manager. Hill, who has roughly two decades of industry experience, will oversee QEG’s roughly one third slice of the fund while Wellington Management’s Michael Reckmeyer will continue to subadvise the rest. The fund’s two share classes retain their Morningstar Analyst Rating of Silver.
Vanguard Equity-Income Adm VEIRX
NAV / 1-Day Return
91.17
/
0.68
%
Total Assets
48.6 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
13.94
years
Category
Large Value
Investment Style
Large ValueMin. Initial Investment
50,000
Status
Open
TTM Yield
2.30%
Turnover
35%
Premium
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.
Manager Retirement Announced at Vanguard Equity-Income; Ratings Unchanged
