Vanguard Equity Income Fund Admiral Shares
VEIRX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Aug 13, 2001
- CIK
- 0000826473
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Equity-Income Fund Admiral Shares (VEIRX) is an open-end mutual fund that seeks above-average current income and reasonable long-term capital appreciation by investing primarily in common stocks of mid-size, large-cap, and very large-cap U.S. and foreign companies that pay above-average dividends and are undervalued relative to the market or similar securities; the fund normally invests at least 80% of its assets in dividend-paying equities, utilizing two complementary investment sleeves managed by Wellington Management and Vanguard Quantitative Equity Group (QEG), resulting in a diversified portfolio typically comprising 200 or more holdings with moderate overweightings in sectors such as financials, healthcare, technology, consumer staples, and energy, including top positions like Broadcom Inc., JPMorgan Chase & Co., and Johnson & Johnson. The fund employs Wellington's traditional qualitative approach for approximately two-thirds of assets, selecting 60-70 quality companies with durable earnings, attractive growing dividends, and discounted valuations relative to the FTSE High Dividend Yield Index benchmark, often allocating 10% or more to non-U.S. stocks such as Pernod Ricard or Roche; QEG manages the remaining third quantitatively, targeting stocks from the same benchmark via a model emphasizing four factors—valuation, quality, sentiment, and dividend growth—with sector-neutral weightings and around 150 domestic holdings to generate returns through broad stock selection. Inception for the Admiral Shares occurred on August 13, 2001, with the underlying fund established March 21, 1988; it is domiciled in the United States, available primarily to U.S. investors with a minimum initial investment of $50,000, and headquartered under The Vanguard Group, Inc. in Malvern, Pennsylvania. Recent portfolio management changes include Sharon Hill of Vanguard QEG assuming lead responsibility for her sleeve on October 1, 2021, following retirements and a revamp of the quantitative model in mid-2022 to better emphasize dividend factors; Matthew Hand of Wellington Management became lead portfolio manager for his sleeve in July 2022 upon Michael Reckmeyer's retirement, maintaining the established 20-year process while co-leading with a six-person team. Assets under management stand at approximately $63 billion as of December 2025, with a low adjusted expense ratio of 0.18%, 42% turnover, and a trailing 12-month yield of 2.20%, primarily serving individual and institutional investors seeking large-value equity income exposure; geographic allocation includes about 89% U.S. stocks, 8-9% non-U.S. equities concentrated in Europe and developed markets, and minimal cash.