Vanguard Windsor II Fund Investor Shares
VWNFX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
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
FRC
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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
- PO Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Jun 24, 1985
- CIK
- 0000107606
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Windsor II Fund (VWNFX) is an actively managed large-cap value mutual fund offered by The Vanguard Group Inc., focusing on long-term capital appreciation and income through investments in undervalued U.S. stocks. The fund invests primarily in common stocks of large, established companies exhibiting favorable valuations relative to historical norms and peers; dividend-paying equities; and select mid-cap value stocks, with a portfolio typically comprising 150-200 holdings diversified across sectors such as financials, healthcare, industrials, consumer staples, and energy. It employs a team-based management approach utilizing fundamental analysis, quantitative screens, and proprietary valuation models to identify securities trading at discounts to intrinsic value, while maintaining low turnover and an expense ratio of approximately 0.34% as of late 2025. Headquartered in Malvern, Pennsylvania, the fund operates as part of Vanguard's broad suite of investment products available to individual and institutional investors worldwide through brokerage platforms, retirement accounts, and direct sales in the U.S., Canada, Europe, and Asia-Pacific regions; it was launched in 1991 as part of Vanguard's Windsor family of value-oriented strategies. The fund targets conservative growth-oriented investors seeking exposure to value stocks with dividend yields averaging 2-3%, complementing growth-heavy portfolios; key benchmarks include the Russell 1000 Value Index and S&P 500 Index. Vanguard, the fund's sponsor founded in 1975 by John C. Bogle, manages over $9 trillion in assets across mutual funds, ETFs, and separately managed accounts, with no notable subsidiaries directly tied to VWNFX. In recent developments, the fund underwent a portfolio manager transition in mid-2024, with experienced value investor John Mahedy assuming lead responsibilities alongside co-managers Andy Lecker and Binbin Guo, enhancing continuity amid Vanguard's emphasis on seasoned teams; it also benefited from Vanguard's 2025 launch of complementary low-cost value ETFs, indirectly boosting inflows into active strategies like VWNFX by over 15% year-over-year. No major acquisitions, partnerships, or structural changes have occurred within the last two years, though the fund adjusted sector weights in response to 2024-2025 market rotations favoring value amid higher interest rates, increasing financials exposure to 25% and trimming technology holdings. These shifts align with Vanguard's ongoing strategic focus on cost efficiency and investor-aligned performance.