Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. Vanguard Wellington Dividend Growth Active ETF (the Fund) seeks to provide a growing stream of income over time and long-term capital appreciation and current income.
Strategy. The Fund employs an active management approach, investing primarily in stocks that tend to offer current dividends. The Fund focuses on stocks of high-quality companies that have prospects for long-term total returns as a result of their ability to grow earnings and their willingness to increase dividends over time. These stocks typically (but not always) are large-cap, undervalued relative to the market, and show potential for increasing dividends. The Fund seeks to invest broadly across industry sectors. The Fund is considered nondiversified, as defined under the Investment Company Act of 1940, which means that it may invest a greater percentage of its assets in the securities of particular issuers as compared with diversified funds. The Fund employs an active management approach, investing primarily in stocks that tend to offer current dividends. The Fund focuses on stocks of high-quality companies that have prospects for long-term total returns as a result of their ability to grow earnings and their willingness to increase dividends over time. These stocks typically (but not always) are large-cap, undervalued relative to the market, and show potential for increasing dividends. The Fund seeks to invest broadly across industry sectors. The Fund is considered nondiversified, as defined under the Investment Company Act of 1940, which means that it may invest a greater percentage of its assets in the securities of particular issuers as compared with diversified funds.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| BROADCOM INC | — | $1.36M | 5.67% |
| MICROSOFT CORP | — | $1.22M | 5.12% |
| LILLY ELI and CO | — | $1.14M | 4.78% |
| MASTERCARD INC CL A | — | $1.04M | 4.36% |
| LINDE PLC | — | $1.03M | 4.32% |
| NORTHROP GRUMMAN CORP | — | $980.38K | 4.10% |
| HONEYWELL INTL INC | — | $971.70K | 4.06% |
| TEXAS INSTRUMENTS INC | — | $876.15K | 3.66% |
| TJX COS INC | — | $860.78K | 3.60% |
| HOME DEPOT INC | — | $790.32K | 3.30% |
Portfolio moves
Dec 31, 2025 → Mar 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. |
|---|---|---|
| MML Focused Equity Fund | 89% | 0.88% |
| VANGUARD ADVICE SELECT DIVIDEND GROWTH FUND · VADGX | 89% | 0.36% |
| VANGUARD DIVIDEND GROWTH FUND · VDIGX | 76% | 0.22% |
Footnotes
- Expense ratio as of January 28, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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