Investment objective & strategy
As of Feb. 27, 2026 · prospectusObjective. Vanguard Selected Value Fund (the Fund) seeks to provide long-term capital appreciation and income.
Strategy. The Fund employs an active management approach, investing mainly in the stocks of mid-size U.S. companies considered by an advisor to be undervalued. Undervalued stocks are generally those that are out of favor with investors and are trading at prices that the advisor believes are below average in relation to measures such as earnings and book value. These stocks often have above-average dividend yields. The Fund has multiple advisors, each of which independently selects and maintains a portfolio of common stocks for the Fund. Although the Fund mainly invests in U.S. stocks, it reserves the right to invest up to 25% of its assets in foreign securities, which may include depositary receipts. Foreign securities may be traded on U.S. or … The Fund employs an active management approach, investing mainly in the stocks of mid-size U.S. companies considered by an advisor to be undervalued. Undervalued stocks are generally those that are out of favor with investors and are trading at prices that the advisor believes are below average in relation to measures such as earnings and book value. These stocks often have above-average dividend yields. The Fund has multiple advisors, each of which independently selects and maintains a portfolio of common stocks for the Fund. Although the Fund mainly invests in U.S. stocks, it reserves the right to invest up to 25% of its assets in foreign securities, which may include depositary receipts. Foreign securities may be traded on U.S. or foreign markets.
Top holdings
As of Jan. 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Vanguard Market Liquidity Fund | — | $305.85M | 4.68% |
| AerCap Holdings N.V. (Ireland) | AER US | $166.72M | 2.55% |
| COREBRIDGE FINANCIAL INC | — | $108.10M | 1.65% |
| GILDAN ACTIVEWEAR INC | — | $106.58M | 1.63% |
| PPG INDUSTRIES INC | — | $86.72M | 1.33% |
| LKQ CORP | — | $86.06M | 1.32% |
| RENAISSANCERE | — | $85.92M | 1.32% |
| MAGNA INTL | — | $83.13M | 1.27% |
| ADVANCE AUTO PARTS INC | — | $82.58M | 1.26% |
| WHITE MOUNTAINS | — | $82.49M | 1.26% |
Portfolio moves
Oct 31, 2025 → Jan 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| Pzena Mid Cap Value Fund · PZVMX, PZIMX | 32% | 0.90% |
| VANGUARD WINDSOR FUND · VWNDX, VWNEX | 22% | 0.18% |
| Classic Value Fund · PZFVX, JCVCX, JCVIX, JCVFX, JCVVX, JCVWX, JCVSX | 20% | 0.75% |
Advisers
| Firm | Role |
|---|---|
| Pzena Investment Management, LLC | Adviser |
| Cooke & Bieler, LP | Adviser |
| Wellington Management Company LLP | Adviser |
Footnotes
- Expense ratio as of February 27, 2026, from the fund's prospectus.
- Net assets and holdings count as of January 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
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