Vanguard Windsor Admiral
VWNEX
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
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Nov 12, 2001
- CIK
- 0000107606
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Windsor Fund Admiral Shares (VWNEX) is an actively managed open-end mutual fund offered by The Vanguard Group, Inc., that seeks long-term capital appreciation and income by investing primarily in large- and mid-capitalization U.S. value stocks considered undervalued by its advisors. The fund employs a multi-manager approach, with Wellington Management Company LLP overseeing approximately 70% of assets and Pzena Investment Management, LLC managing the remaining 30%, focusing on companies with favorable earnings growth and dividend prospects but trading at discounts to intrinsic value; key sectors include financial services (21%), healthcare (16%), and technology (13%), with top holdings such as Alphabet Inc., Wells Fargo & Co., and Morgan Stanley. Admiral Shares require a minimum initial investment of $50,000, feature a net expense ratio of 0.26%, and as of late 2025 manage approximately $18.75 billion in share class assets within the fund's total net assets exceeding $23 billion. The Vanguard Group, founded in 1975 and headquartered in Malvern, Pennsylvania, operates globally with offices across the United States, Canada, Europe, Australia, and Asia, serving individual and institutional investors through a broad array of mutual funds, exchange-traded funds, and related services. VWNEX targets investors seeking exposure to the large value Morningstar category, with a portfolio diversified across 85% U.S. stocks, 13% non-U.S. stocks, and minimal cash holdings, emphasizing undervalued equities in consumer cyclical, industrials, and energy sectors alongside its core allocations. In recent developments, Vanguard streamlined its value fund lineup in 2020 by merging the Vanguard Capital Value Fund into Vanguard Windsor Fund, enhancing scale and retaining the dual-advisor structure under David Palmer at Wellington and the Pzena team; portfolio managers include Richard Pzena (since 2012), Benjamin Silver (2014), John Flynn (2017), and David Palmer (2018). While Vanguard announced advisory reallocations for related funds like Windsor II in December 2025—removing Lazard Asset Management and shifting to Harris Associates and Aristotle Capital—no direct changes affect VWNEX's management, which continues delivering strong performance with annualized returns outperforming large-value peers. The fund remains available exclusively in the United States, supporting Vanguard's client-owned structure and low-cost investment philosophy.