Morningstar® Investment Profile™   Morningstar®
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Vanguard VIF Equity Income
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2022-05-31
Out of 1145
Large Value Funds
Morningstar®
Style Box™
What is this?
As of 2022-03-31
Total Fund Assets ($ Mil)
1,984.41
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks to provide an above-average level of current income and reasonable long-term capital appreciation.
The Portfolio invests mainly in common stocks of mid-size and large companies whose stocks 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 Portfolio 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). 
  Investment Risks
There are no additional fund specific investment risks (e.g. liquidity risk, currency risk, foreign investment risk, etc.) associated with this fund beyond the normal risks generally associated with investing in a mutual fund.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 88.8
Bullet Non-U.S. Stocks Non-U.S. Stocks 6.7
Bullet Bonds Bonds 0.0
Bullet Cash Cash 4.5
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2022-03-31
Morningstar Equity Sectors
% of Stocks
Cyclical 28.74
Basic Materials 3.79
Consumer Cyclical 4.41
Financial Services 20.16
Real Estate 0.38
Sensitive 32.48
Communication Services 3.66
Energy 8.46
Industrials 10.69
Technology 9.67
Defensive 38.78
Consumer Defensive 13.55
Healthcare 17.27
Utilities 7.96
Data through 2022-03-31
Holding Status
Total Number of Stock Holdings 188
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 23.52
Turnover % (as of 2021-12-31) 41.00
30 Day SEC Yield % 2.18
Top Holdings
Sector P/E % of Net
Assets
Johnson & Johnson 24.20 3.42
JPMorgan Chase & Co 9.80 3.05
Pfizer Inc 11.95 2.63
Procter & Gamble Co 25.85 2.60
Cisco Systems Inc 15.81 2.13
Morgan Stanley 10.96 2.03
Chubb Ltd --- 1.97
Comcast Corp Class A 14.24 1.93
ConocoPhillips 11.57 1.88
Eli Lilly and Co 46.57 1.88
Data through 2022-03-31
  Principal Risks   
Loss of Money, Not FDIC Insured, Market/Market Volatility, Equity Securities, Management
Show Risk Definitions
  Other Information
Inception Date: 1993-06-07
Portfolio Manager(s)
W. Michael Reckmeyer   (2007-04-30)
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.
Sharon Hill   (2021-02-26)
Hill, Senior Vice President, is head of equity quantitative research and analytics. Dr. Sharon Hill heads the firm’s equity quantitative research team in the Americas and is a member of the firm’s asset allocation committee, which is responsible for building and managing multi-asset class portfolios. Dr. Hill joined Macquarie Investment Management (MIM), which includes the former Delaware Investments, in 2000 as a senior programmer/analyst within the IT department, and then moved to the equity group as a quantitative analyst in 2002 before assuming her current position in 2004. Before joining the firm, she worked as a professor of mathematics at Rowan University and as a software developer for Bloomberg, where she focused on fixed income applications. Dr. Hill holds a bachelor’s degree, with honors, in mathematics from the City University of New York at Brooklyn College, as well as a master’s degree and Ph.D. in mathematics from the University of Connecticut. Her academic publications include work on water waves, complex spring systems, and global investments. She is a member of the Society of Quantitative Analysts and she is on the program committee of the Journal of Investment Management.
Matthew C. Hand   (2021-10-05)
Matthew Hand, CFA, Managing Director and Equity Research Analyst of Wellington Management, has been involved in portfolio management for the Fund since 2019 and has been involved in securities analysis for the Fund since 2004. Mr. Hand joined Wellington Management as an investment professional in 2004.
Investment Advisor(s)
Vanguard Group Inc
Wellington Management Company LLP
Issuer
Vanguard
Subadvisor(s)
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