Investment objective & strategy
As of Dec. 19, 2025 · prospectusObjective. Vanguard Global Wellington Fund (the Fund) seeks to provide long-term capital appreciation and moderate current income.
Strategy. The Fund employs an active management approach, typically investing 60% to 70% of its assets in dividend-paying and, to a lesser extent, non-dividend-paying equity securities of established large- and mid-size U.S. and foreign companies. In choosing these securities, the advisor seeks to invest in stocks of companies that appear to be undervalued but have prospects for improvement. These stocks are commonly referred to as value stocks. The Fund invests the remaining 30% to 40% of its assets mainly in U.S. and foreign fixed income securities of any maturity that the advisor believes will generate a moderate level of current income. These fixed income securities may include corporate bonds, government and agency bonds, and/or asset-backed, mortgage-backed, or mortgage-related securities. The Fund … The Fund employs an active management approach, typically investing 60% to 70% of its assets in dividend-paying and, to a lesser extent, non-dividend-paying equity securities of established large- and mid-size U.S. and foreign companies. In choosing these securities, the advisor seeks to invest in stocks of companies that appear to be undervalued but have prospects for improvement. These stocks are commonly referred to as value stocks. The Fund invests the remaining 30% to 40% of its assets mainly in U.S. and foreign fixed income securities of any maturity that the advisor believes will generate a moderate level of current income. These fixed income securities may include corporate bonds, government and agency bonds, and/or asset-backed, mortgage-backed, or mortgage-related securities. The Fund may also invest in foreign currency bonds. In an effort to manage the currency risk associated with investing in foreign currency bonds, the Fund may attempt to hedge its foreign currency exposure. The Fund hedges its foreign currency exposure primarily through the use of foreign currency exchange forward contracts, which are a type of derivative.
Top holdings
As of Feb. 28, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Vanguard Market Liquidity Fund | — | $116.09M | 3.77% |
| SAMSUNG ELECTRON | — | $64.29M | 2.09% |
| ALPHABET INC CL A | — | $59.28M | 1.93% |
| MERCK & CO | — | $54.81M | 1.78% |
| TSMC | — | $51.69M | 1.68% |
| MICROSOFT CORP | — | $48.44M | 1.57% |
| TOTALENERGIES SE | — | $44.14M | 1.44% |
| JOHNSON&JOHNSON | — | $38.62M | 1.26% |
| UNILEVER PLC | — | $38.31M | 1.25% |
| DUKE ENERGY CORP NEW | — | $37.47M | 1.22% |
Portfolio moves
Nov 30, 2025 → Feb 28, 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. |
|---|---|---|
| VANGUARD GLOBAL WELLESLEY INCOME FUND · VGYAX, VGWIX | 46% | 0.30% |
| EQUITY INCOME PORTFOLIO | 21% | 0.29% |
| VANGUARD EQUITY INCOME FUND · VEIPX, VEIRX | 21% | 0.17% |
Advisers
| Firm | Role |
|---|---|
| Wellington Management Company LLP | Adviser |
Footnotes
- Expense ratio as of December 19, 2025, from the fund's prospectus.
- Net assets and holdings count as of February 28, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. Computed by compounding the twelve monthly total returns the fund reported in its SEC N-PORT filings for 2025 (the latest prospectus does not yet chart this year).
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