Vanguard Windsor II Fund Admiral Shares
VWNAX
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
- Address
- Valley Forge PA 19482 Valley Forge PA United States of America 19482
- IPO Date
- May 14, 2001
- CIK
- 0000107606
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Windsor II Fund Admiral Shares (VWNAX) is an actively managed open-end mutual fund that seeks long-term capital appreciation and income by investing primarily in large- and mid-capitalization undervalued stocks considered by its advisors to offer value opportunities; it employs a multi-manager approach with subadvisors including Harris Associates d/b/a Oakmark Funds (managing approximately 35% of assets with a blend of value and growth stocks), Aristotle Capital Management (roughly 25%, focusing on undervalued firms with growth catalysts), Hotchkis & Wiley (25%, emphasizing discounted cash flows), and Sanders Capital (25%, targeting high-quality franchises at attractive valuations); the portfolio holds about 185 stocks, with 85% in U.S. equities, 10% non-U.S. stocks, and 5% cash, emphasizing companies with wide or narrow economic moats for diversification and punchier top holdings. Offered through The Vanguard Group, Inc., founded in 1975 and headquartered in Malvern, Pennsylvania, the Admiral Shares class features a low expense ratio of 0.25%, a minimum initial investment of USD 50,000, semiannual dividends (most recent USD 0.664 paid December 18, 2024, yielding 1.44% TTM), and total net assets exceeding USD 63 billion as of December 2025; it targets institutional and high-net-worth investors in the large-value category per Morningstar metrics, with operations domiciled in the United States and available for sale therein. In recent developments, Vanguard announced advisory changes effective around December 2025, removing Lazard Asset Management (previously managing 25-35% of assets) from the fund and reallocating those assets to Harris Associates d/b/a Oakmark Funds, while retaining Aristotle Capital, Hotchkis & Wiley, and Sanders Capital at their target allocations; this shift, which boosts the expense ratio by 0.02%, aims to enhance value orientation amid a portfolio evolution from blend-tilted (39% value, 47% core, 10% growth as of September 2024) back to large-value positioning; Vanguard's broader 2025 initiatives under CEO Salim Ramji include major fee reductions costing USD 350 million, a new advice/wealth management division, and low-cost bond ETF launches internationally.