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VWNFX Vanguard Windsor™ II Inv

  • Fund
  • VWNFX
  • Price as of: Aug 08, 2016
  • $35.60
  • - $0.03
  • - 0.08%
  • Category
  • Large Cap Value Equities

VWNFX - Profile

Vitals

  • YTD Return 6.3%
  • 3 Yr Annualized Return 7.7%
  • 5 Yr Annualized Return 11.7%
  • Net Assets $46.1 B
  • Holdings in Top 10 24.8%

52 WEEK LOW AND HIGH

$35.60
$29.65
$37.28

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.34%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 26.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

$3,000

Investment Themes

CATEGORY

Large Cap Value Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Large Value

Distributions

  • YTD Total Return 6.3%
  • 3 Yr Annualized Total Return 7.7%
  • 5 Yr Annualized Total Return 11.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.12%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Semi-Annually

Fund Details

  • Legal Name Vanguard Windsor™ II Fund
  • Fund Family Name Vanguard
  • Inception Date Jun 24, 1985
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Jeff G. Fahrenbruch

Fund Description

The Vanguard Windsor II Fund Investor Shares (VWNFX) is a low-cost, actively managed fund that bets on value equities. With a focus on stock selection and risk control, the managers of the fund use fundamental and quantitative approaches to select large- and mid-cap stocks that exhibit value tendencies. VWNFX hopes to exploit these factors to create income and grow an investor’s portfolio.

VWNFX’s low costs and value pull make it a great core fund for investors. The fund is comanaged by Barrow, Hanley, Mewhinney & Strauss, Vanguard Equity Investment Group, Hotchkiss and Wiley Capital Management, Lazard Asset Management and Sanders Capital.

VWNFX - Performance

Return Ranking - Trailing

Period VWNFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.3% -49.0% 20.6% 44.11% 3
1 Yr 1.3% -16.5% 24.9% 50.14% 3
3 Yr 7.7% * -3.3% 12.6% 39.32% 2
5 Yr 11.7% * -0.1% 15.3% 28.79% 2
10 Yr 6.2% * 0.3% 9.5% 35.64% 2

* Annualized


Return Ranking - Calendar

Period VWNFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -10.2% -47.3% 4.5% 58.72% 4
2014 N/A -10.5% 7.1% N/A N/A
2013 N/A 23.2% 38.5% N/A N/A
2012 N/A 9.9% 35.8% N/A N/A
2011 N/A -34.9% 7.5% N/A N/A

Total Return Ranking - Trailing

Period VWNFX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 6.3% -49.0% 20.6% 44.77% 3
1 Yr 1.3% -19.4% 21.9% 41.86% 3
3 Yr 7.7% * -3.3% 12.6% 33.88% 2
5 Yr 11.7% * -0.1% 15.3% 25.19% 2
10 Yr 6.2% * 0.3% 9.5% 34.03% 2

* Annualized


Total Return Ranking - Calendar

Period VWNFX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -10.2% -47.3% 4.5% 58.72% 4
2014 N/A -10.5% 8.7% N/A N/A
2013 N/A 31.7% 41.8% N/A N/A
2012 N/A 13.8% 43.8% N/A N/A
2011 N/A -37.1% 12.6% N/A N/A

NAV & Total Return History

VWNFX - Holdings

Filings data as of: Mar 31, 2016

Concentration Analysis

VWNFX Category Low Category High VWNFX % Rank Quintile
Net Assets 46.1 B 273 K 82.2 B 0.29% 1
Number of Holdings 272 1 1019 2.38% 1
Net Assets in Top 10 11.1 B 0 24.3 B 0.38% 1
Weighting of Top 10 24.8% 0.0% 100.1% 20.84% 4

Top 10 Holdings

  1. Microsoft Corp 3.22%
  2. JPMorgan Chase & Co 2.73%
  3. Pfizer Inc 2.83%
  4. Wells Fargo & Co 2.52%
  5. Medtronic PLC 2.55%
  6. Philip Morris International Inc 2.36%
  7. Bank of America Corporation 2.33%
  8. Johnson & Johnson 2.12%
  9. United Technologies Corp 2.08%
  10. Johnson Controls Inc 2.07%

Asset Allocation

Weighting Category Low Category High VWNFX % Rank Quintile
Stocks
97.44% 0.00% 145.57% 11.61% 3
Cash
2.46% -45.58% 100.00% 11.51% 3
Other
0.10% -2.39% 29.06% 7.42% 2
Convertible Bonds
0.00% 0.00% 6.26% 1.24% 1
Preferred Stocks
0.00% 0.00% 16.29% 3.04% 1
Bonds
0.00% -0.25% 68.80% 3.90% 1

Stock Sector Breakdown

Weighting Category Low Category High VWNFX % Rank Quintile
Financial Services
20.82% 0.00% 41.32% 16.11% 3
Healthcare
18.16% 0.00% 29.91% 2.67% 1
Technology
13.39% 0.00% 28.40% 8.10% 2
Energy
10.37% 0.00% 29.15% 12.87% 3
Consumer Cyclical
9.70% 0.00% 36.79% 9.82% 2
Industrials
9.01% 0.00% 31.23% 18.30% 4
Consumer Defense
7.83% -1.99% 26.19% 13.35% 3
Communication Services
3.02% -0.78% 14.21% 15.16% 4
Utilities
2.71% 0.00% 77.60% 17.06% 4
Basic Materials
1.98% 0.00% 18.87% 17.45% 4
Real Estate
0.47% -0.42% 20.47% 15.16% 3

Stock Geographic Breakdown

Weighting Category Low Category High VWNFX % Rank Quintile
US
88.75% 0.00% 135.19% 19.22% 4
Non US
8.69% 0.00% 97.88% 8.18% 2

VWNFX - Expenses

Operational Fees

VWNFX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.34% 0.05% 21.67% 22.55% 1
Management Fee 0.32% 0.00% 1.20% 5.52% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.50% N/A N/A

Sales Fees

VWNFX Fees (% of AUM) Category Low Category High VWNFX Rank Quintile
Front Load N/A 1.00% 5.75% N/A N/A
Deferred Load N/A 1.00% 5.50% N/A N/A

Trading Fees

VWNFX Fees (% of AUM) Category Low Category High VWNFX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VWNFX Fees (% of AUM) Category Low Category High VWNFX Rank Quintile
Turnover 26.00% 0.00% 293.00% 11.80% 2

VWNFX - Distributions

Dividend Yield Analysis

VWNFX Category Low Category High VWNFX % Rank Quintile
Dividend Yield 0.9% 0.00% 3.58% 1.17% 1

Dividend Distribution Analysis

VWNFX Category Low Category High Category Mode
Dividend Distribution Frequency Semi-Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

VWNFX Category Low Category High VWNFX % Rank Quintile
Net Income Ratio 2.12% -1.41% 3.44% 6.85% 1

Capital Gain Distribution Analysis

VWNFX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Daily Annually

VWNFX - Managers

Jeff G. Fahrenbruch

Manager

Start Date

Feb 27, 2013

Tenure

3.42

Tenure Rank

9.4%

Jeff G. Fahrenbruch, CFA, Managing Director of Barrow, Hanley. He has worked in investment management since 1997; has been with Barrow, Hanley since 2002; has managed investment portfolios since 2012; and has served as an associate portfolio manager for a portion of the Fund since 2013. Education: B.B.A., University of Texas.


David W. Ganucheau

Manager

Start Date

Feb 27, 2013

Tenure

3.42

Tenure Rank

9.4%

David W. Ganucheau, CFA, Managing Director of Barrow, Hanley. He has worked in investment management since 1996; has been with Barrow, Hanley since 2004; has managed investment portfolios since 2012; and has served as an associate portfolio manager for a portion of the Fund since 2013. Education: B.B.A., Southern Medhodist University.


Sheldon J. Lieberman

Manager

Start Date

Dec 11, 2003

Tenure

12.65

Tenure Rank

3.0%

Lieberman is a principal and portfolio manager of Hotchkis and Wiley Capital Management LLC. He joined the firm in 1994 as a portfolio manager and analyst.


Lewis A. Sanders

Manager

Start Date

Jan 13, 2010

Tenure

6.55

Tenure Rank

6.3%

Lewis A. Sanders, Chief Executive Officer and Co-Chief Investment Officer of Sanders Capital, LLC. He has worked in investment management since 1968; has managed investment portfolios since 1981; has been with Sanders since 2009; and has co-managed a portion of the Fund since 2010. Education: B.S., Columbia University


John P. Mahedy

Manager

Start Date

Jan 13, 2010

Tenure

6.55

Tenure Rank

6.3%

Mahedy was named Co-CIO -- US Value equities in 2003. He continues to serve as director of research -- US Value Equities, a position he has held since 2001. Previously, he was a senior research analyst in Bernsteins institutional research and brokerage unit, covering the domestic and international energy industry from 1995 to 2001. He has been with Sanders since 2009; and has co-managed a portion of the Fund since 2010. Mahedy holds the Chartered Financial Analyst designation. Education: B.S. and M.B.A., New York University.


Christopher H. Blake

Manager

Start Date

Jan 08, 2007

Tenure

9.57

Tenure Rank

4.5%

Christopher Blake Managing Director, Portfolio Manager/Analyst Lazard Asset Management LLC (New York) Christopher Blake is a Portfolio Manager/Analyst on the U.S. Strategic Equity (including the North American Equity Fund, the brand name of the U.S. Strategic Equity offshore fund), U.S. Equity Concentrated and U.S. Mid Cap Equity portfolio teams. He began working in the investment field in 1995 as a Lazard Research Analyst. He has a BSBA in Finance from the University of Denver.


James P. Stetler

Manager

Start Date

Feb 27, 2012

Tenure

4.43

Tenure Rank

8.4%

Stetler is a Principal of Vanguard. He has been with Vanguard since 1982; worked in investment management since 1996; He has managed a portion of the Fund since 2003. and has co-managed a portion of the Fund since 2012. Education: B.S., Susquehanna University; M.B.A., Saint Joseph’s University.


Andrew D. Lacey

Manager

Start Date

Jan 08, 2007

Tenure

9.57

Tenure Rank

4.5%

Andrew Lacey Deputy Chairman, U.S. and Global Strategies Lazard Asset Management LLC (New York) Andrew Lacey is Deputy Chairman of Lazard Asset Management responsible for oversight of the firm's U.S. and global strategies. He is also a Portfolio Manager/Analyst on various U.S. and global equity teams. Andrew began working in the investment field in 1995 when he joined Lazard as a Research Analyst covering the technology sector. From 1989 to 1994, Andrew was a teacher at the Pingry School and Buckingham Browne & Nichols.


Anatoly Shtekhman

Manager

Start Date

Feb 25, 2016

Tenure

0.43

Tenure Rank

12.8%

Anatoly Shtekhman, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since 2007 and has managed investment portfolios and has co-managed a portion of the Fund since 2016. Education: B.S., University of Scranton; M.S., Boston College; M.B.A., The Wharton School of the University of Pennsylvania.


Binbin Guo

Manager

Start Date

Feb 25, 2016

Tenure

0.43

Tenure Rank

12.8%

Binbin Guo, Ph.D., Principal of Vanguard and head of Equity Research and Portfolio Strategies of Vanguard’s Quantitative Equity Group. He has oversight responsibility for the quantitative research team and develops portfolio strategies for equity and alternative asset classes. He has been with Vanguard since 2007 and has co-managed a portion of the Fund since 2016. Education: B.S. and M.S., Tsinghua University, China; Ph.D. and M.Phil., Yale University.


George H. Davis

Manager

Start Date

Dec 11, 2003

Tenure

12.65

Tenure Rank

3.0%

Mr. Davis joined Hotchkis and Wiley Capital Management in 1988. Along with management of portfolios, Mr. Davis actively visits company management and industry analysts as part of the research process. Mr. Davis was formerly an assistant to the senior partner of RCM Capital Management and a consultant to Fidelity Management & Research. Mr. Davis began his career in equity research with Cramer, Rosenthal & McGlynn after completing internships at Smith Barney, Harris, Upham Inc. and the trust department of First Commercial Bank of Little Rock. He is a member of the Los Angeles Society of Financial Analysts. Mr. Davis received his BA in Economics and History and his MBA from Stanford University. He is NASD Series 7, 63, and 65 qualified.


Tenure Analysis

Category Low

0.1

Category High

37.9

Category Average

6.92

Category Mode

1.6