VEIPX - Vanguard Equity-Income Fund Investor Shares

Nasdaq - Nasdaq Delayed Price. Currency in USD

Vanguard Equity-Income Fund Investor Shares

Vangurd Fenway Funds

P.O. Box 2600, V26

Valley Forge PA 19482

800-662-7447
Management Information
W. Michael P. Reckmeyer,Lead Manager since August 14, 2007
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.
Morningstar Style Box
Yahoo partners with Morningstar a leading market research and investment data group to help investors rate and compare funds on Yahoo Finance. The Morningstar Category is shown next to the Morningstar Style Box which identifies a fund's investment focus, based on the underlying securities in the fund.
Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryLarge Value
Fund FamilyVanguard
Net Assets35.22B
YTD Return-11.17%
Yield2.90%
Morningstar Rating★★★★★
Inception DateMar 20, 1988

Fund Operations

Last Dividend0.00
Last Cap Gain0.00
Holdings Turnover32.00%
Average for CategoryN/A

Fees & Expenses

ExpenseVEIPXCategory Average
Annual Report Expense Ratio (net)0.27%0.99%
Prospectus Net Expense Ratio0.27%N/A
Prospectus Gross Expense Ratio0.27%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A5.36%
Max Deferred Sales LoadN/A1.39%
3 Yr Expense Projection87N/A
5 Yr Expense Projection152N/A
10 Yr Expense Projection343N/A