VEIRX: Vanguard Equity-Income Adm

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VEIRX Vanguard Equity-Income Adm


Profile

VEIRX - Profile

Vitals

  • YTD Return -11.3%
  • 3 Yr Annualized Return -1.7%
  • 5 Yr Annualized Return 3.3%
  • Net Assets $36 B
  • Holdings in Top 10 25.8%

52 WEEK LOW AND HIGH

$70.58
$51.97
$81.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.18%

SALES FEES

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

BROKERAGE FEES

  • Turnover 32.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $50,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -11.3%
  • 3 Yr Annualized Total Return -1.7%
  • 5 Yr Annualized Total Return 3.3%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.93%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Vanguard Equity Income Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Aug 13, 2001
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    James Stetler

Fund Description

The fund invests mainly in common stocks of mid-size and large companies whose stocks typically pay above-average levels of dividend income and are, in the opinion of the purchasing advisor, undervalued relative to similar stocks. In addition, the advisors generally look for companies that they believe are committed to paying dividends consistently. Under normal circumstances, it will invest at least 80% of its assets in equity securities. The fund uses multiple investment advisors.


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Fund Company Quick Screens

Performance

VEIRX - Performance

Return Ranking - Trailing

Period VEIRX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.3% -46.3% 242.8% 36.40%
1 Yr -7.8% -47.7% 228.5% 34.88%
3 Yr -1.7%* -23.9% 45.6% 28.64%
5 Yr 3.3%* -20.6% 29.7% 23.03%
10 Yr 6.1%* -14.4% 17.6% 21.53%

* Annualized

Return Ranking - Calendar

Period VEIRX Return Category Return Low Category Return High Rank in Category (%)
2019 19.8% -32.1% 48.5% 42.95%
2018 -14.8% -62.4% 16.7% 34.50%
2017 14.0% -16.4% 24.6% 16.44%
2016 10.4% -27.9% 31.0% 46.77%
2015 -5.3% -43.1% 1.3% 18.56%

Total Return Ranking - Trailing

Period VEIRX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.3% -46.3% 242.8% 36.40%
1 Yr -7.8% -47.7% 228.5% 34.88%
3 Yr -1.7%* -23.5% 55.9% 53.15%
5 Yr 3.3%* -14.0% 37.9% 57.73%
10 Yr 6.1%* -5.4% 17.6% 66.10%

* Annualized

Total Return Ranking - Calendar

Period VEIRX Return Category Return Low Category Return High Rank in Category (%)
2019 19.8% -32.1% 48.5% 43.14%
2018 -14.8% -37.1% 17.4% 65.40%
2017 14.0% -9.5% 28.4% 58.79%
2016 10.4% -27.9% 32.2% 78.53%
2015 -5.3% -28.9% 3.9% 55.09%

NAV & Total Return History


Holdings

VEIRX - Holdings

Concentration Analysis

VEIRX Category Low Category High VEIRX % Rank
Net Assets 36 B 400 K 84.1 B 3.28%
Number of Holdings 190 1 1110 12.41%
Net Assets in Top 10 8.75 B 68.9 K 19.2 B 3.47%
Weighting of Top 10 25.83% 6.8% 186.4% 57.82%

Top 10 Holdings

  1. Johnson & Johnson 3.65%
  2. Cisco Systems Inc 2.91%
  3. JPMorgan Chase & Co 2.80%
  4. Procter & Gamble Co 2.70%
  5. Intel Corp 2.68%
  6. Verizon Communications Inc 2.54%
  7. Pfizer Inc 2.38%
  8. Comcast Corp Class A 2.32%
  9. Merck & Co Inc 2.03%
  10. Bank of America Corp 1.81%

Asset Allocation

Weighting Return Low Return High VEIRX % Rank
Stocks
97.08% 81.40% 145.03% 77.19%
Cash
2.92% -129.21% 18.17% 17.15%
Preferred Stocks
0.00% 0.00% 15.00% 16.70%
Other
0.00% -1.57% 90.90% 13.14%
Convertible Bonds
0.00% 0.00% 6.27% 11.86%
Bonds
0.00% 0.00% 60.26% 14.69%

Stock Sector Breakdown

Weighting Return Low Return High VEIRX % Rank
Healthcare
17.92% 0.00% 37.21% 20.77%
Financial Services
17.50% 0.00% 60.93% 67.65%
Consumer Defense
13.36% 0.00% 31.06% 13.14%
Technology
11.62% 0.00% 32.15% 51.93%
Industrials
11.14% 0.00% 45.45% 57.90%
Utilities
8.63% 0.00% 47.14% 6.43%
Communication Services
6.14% 0.00% 21.24% 61.03%
Energy
4.96% 0.00% 93.48% 50.00%
Consumer Cyclical
4.72% 0.00% 30.92% 78.40%
Basic Materials
2.54% 0.00% 18.84% 65.72%
Real Estate
1.46% 0.00% 12.92% 69.76%

Stock Geographic Breakdown

Weighting Return Low Return High VEIRX % Rank
US
90.66% 76.16% 143.73% 67.79%
Non US
6.42% 0.00% 18.17% 33.76%

Expenses

VEIRX - Expenses

Operational Fees

VEIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.18% 0.00% 19.26% 98.60%
Management Fee 0.17% 0.00% 1.50% 2.20%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.50% N/A

Sales Fees

VEIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

VEIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

VEIRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 32.00% 0.00% 462.00% 36.92%

Distributions

VEIRX - Distributions

Dividend Yield Analysis

VEIRX Category Low Category High VEIRX % Rank
Dividend Yield 0.00% 0.00% 8.64% 11.04%

Dividend Distribution Analysis

VEIRX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

VEIRX Category Low Category High VEIRX % Rank
Net Income Ratio 2.93% -0.69% 5.26% 2.31%

Capital Gain Distribution Analysis

VEIRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

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Fund Manager Analysis

VEIRX - Fund Manager Analysis

Managers

James Stetler


Start Date

Tenure

Tenure Rank

Dec 31, 2003

16.68

16.7%

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

W. Michael Reckmeyer


Start Date

Tenure

Tenure Rank

Aug 15, 2007

13.05

13.1%

W. Michael Reckmeyer, III, CFA, is Senior Managing Director , Partner, and Equity Portfolio Manager. Reckmeyer joined Wellington Management as an investment professional in 1994. As a member of the Value Team, Mike manages portfolios that have an emphasis on dividend income. Mike's mandate is to focus his research effort on large-capitalization, value-oriented stocks. While his research may include any industry, his primary area of coverage is insurance. Mike began his investment career in 1984 when he worked as an analyst following electrical equipment, aerospace, and pollution control companies (1984 —1986). This experience was followed by eight years at Kemper Financial Services where his research focus included paper and forest products, environmental services, and cable and cellular companies (1986 —1994). He received both his MBA (1984) and his BS in mechanical engineering (1981) from the University of Wisconsin. Mike holds the Chartered Financial Analyst designation and is a member of the Philadelphia Financial Analyst Society.

Binbin Guo


Start Date

Tenure

Tenure Rank

Jan 27, 2016

4.6

4.6%

Binbin Guo, Ph.D., Principal of Vanguard and head of the Alpha Equity Investment team within Vanguard’s Quantitative Equity Group. He oversees the active quantitative equity funds and separately managed equity accounts. 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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.08 84.84 7.33 4.96