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Vanguard Windsor™ II Admiral™  VWNAX
Please click on the Investment Option Disclosure link above for more information.
Release date as of 2021-10-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
What is this?
As of 2021-10-31
Out of 1146
Large Value Funds
Style Box™
What is this?
As of 2021-06-30
Total Fund Assets ($ Mil)
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks to provide long-term capital appreciation and income.
The fund invests mainly in large- and mid-capitalization companies whose stocks are considered by an advisor to be undervalued. Undervalued stocks are generally those that are out of favor with investors and that the advisor believes are trading at prices that are below average in relation to measures such as earnings and book value. These stocks often have above-average dividend yields. It uses multiple investment advisors.
  Morningstar Category: Large Value
Large-value portfolios invest primarily in big U.S. companies that are less expensive or growing more slowly than other large-cap stocks. Stocks in the top 70% of the capitalization of the U.S. equity market are defined as large cap. Value is defined based on low valuations (low price ratios and high dividend yields) and slow growth (low growth rates for earnings, sales, book value, and cash flow). 
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 89.4
Bullet Non-U.S. Stocks Non-U.S. Stocks 10.5
Bullet Bonds Bonds 0.0
Bullet Cash Cash 0.1
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2021-06-30
Morningstar Equity Sectors
% of Stocks
Cyclical 32.42
Basic Materials 1.50
Consumer Cyclical 8.79
Financial Services 20.42
Real Estate 1.71
Sensitive 43.12
Communication Services 8.31
Energy 5.10
Industrials 8.74
Technology 20.97
Defensive 24.47
Consumer Defensive 6.29
Healthcare 17.58
Utilities 0.60
Data through 2021-06-30
Holding Status
Total Number of Stock Holdings 177
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 23.09
Turnover % (as of 2020-10-31) 61.00
30 Day SEC Yield % 1.08
Top Holdings
Sector P/E % of Net
Microsoft Corp 37.09 5.32
Alphabet Inc Class A 28.54 3.10
Medtronic PLC 41.91 2.56
Apple Inc 26.70 1.90
Bank of America Corp 14.31 1.87
Johnson & Johnson 24.35 1.76
Wells Fargo & Co 13.64 1.75
Honeywell International Inc 28.14 1.66
Citigroup Inc 6.55 1.65
Danaher Corp 40.12 1.52
Data through 2021-06-30
  Principal Risks   
Loss of Money, Not FDIC Insured, Market/Market Volatility, Equity Securities, Management
Show Risk Definitions
  Other Information
Inception Date: 2001-05-14
Portfolio Manager(s)
Scott McBride   (2019-01-07)
In his role as portfolio manager, Mr. McBride plays an integral part in the investment research review and decision-making process as well as coordinates the day-to-day management of Large Cap Fundamental Value, Large Cap Diversified Value and Global Value portfolios. He also provides expertise and insight into the consumer, financials, healthcare and technology sectors. Prior to joining the firm, Mr. McBride was an associate consultant with Deloitte Consulting and worked as an investment marketing analyst with Fidelity Investments. Mr. McBride, a CFA charterholder, received his BA in Economics from Georgetown University and MBA from Columbia University.
Ronald Temple   (2018-07-20)
Ronald Temple is a Managing Director and Co-Head of Multi-Asset and Head of US Equity. In this role, Ron is responsible for overseeing the firm's multi-asset and US equity strategies as well as several global equity strategies. He is also a Portfolio Manager/Analyst on various US and global equity teams. He joined Lazard in 2001 with ten years of global experience including fixed-income derivative trading, risk management, corporate finance and corporate strategy. Ron has an MPP from Harvard University and graduated magna cum laude with a BA in Economics & Public Policy from Duke University.
Gregory D. Padilla   (2019-12-16)
Gregory Padilla is a member of the Aristotle Capital research team and a veteran of the investment industry. Prior to joining Aristotle Capital, Greg was a Managing Director and Portfolio Manager at Vinik Asset Management, LP and Tradewinds Global Investors, LLC. While at Tradewinds, Greg was a key member of the All-Cap Equity strategy, the Global All-Cap strategy and Global Natural Resource strategy. During his tenure, these three strategies received Lipper awards for top ranking in their respective categories.
Howard Gleicher   (2019-12-16)
Howard Gleicher is CEO and Chief Investment Officer of Aristotle Capital. Having begun in the investment industry in 1985, Howard heads the firm and leads the investment effort. Prior to founding Aristotle Capital, Howard was co-founder, CEO and Chief Investment Officer at Metropolitan West Capital Management, LLC. Howard’s prior investment-related experience includes serving as Principal, Portfolio Manager and Investment Policy Committee member at Palley-Needelman Asset Management, Inc., and Equity Portfolio Manager at Pacific Investment Management Company (PIMCO).
George H. Davis   (2003-12-11)
In his role as portfolio manager, Mr. Davis plays an integral part in the investment research review and decision-making process. He coordinates the day-to-day management of Large Cap Fundamental Value, Large Cap Diversified Value, Mid-Cap Value and Value Opportunities portfolios, represents these strategies to current and prospective clients, as well as provides expertise and insight into the capital goods and financials sectors. Prior to joining the firm, Mr. Davis was an assistant to the senior partner of RCM Capital Management. He began his career in equity research with internships at Cramer, Rosenthal & McGlynn and Fidelity Management & Research. Mr. Davis received his BA in Economics and History and MBA from Stanford University.
Lewis A. Sanders   (2010-01-13)
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   (2010-01-13)
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.
Andrew D. Lacey   (2007-01-08)
Andrew Lacey is a Managing Director and a Portfolio Manager/Analyst on various US equity strategies as well as Global Equity Select. He began working in the investment field upon joining the firm in 1995 as a Research Analyst covering the technology sector. Andrew has an MBA from Columbia University and a BA (Hons) from the College of Social Studies, Wesleyan University. Prior to joining Lazard, Andrew was a teacher at the Pingry School and Buckingham Browne & Nichols for five years. He continues to be involved in education as a board member for KIPP New Jersey and Link Education Partners.
Investment Advisor(s)
Lazard Asset Management LLC
Hotchkis and Wiley Capital Mgmt LLC
Sanders Capital, LLC
Aristotle Capital Management, LLC
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