Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. Vanguard Strategic Equity Fund (the Fund) seeks to provide long-term capital appreciation.
Strategy. The Fund employs an active management approach, investing in small- and mid-capitalization domestic equity securities based on the advisors assessment of the relative return potential of the securities. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities. For purposes of the 80% policy, equity securities include common stocks, preferred stocks, warrants to purchase common stocks and preferred stocks, depositary receipts, and other securities with equity characteristics. The Fund employs an active management approach, investing in small- and mid-capitalization domestic equity securities based on the advisors assessment of the relative return potential of the securities. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in equity securities. For purposes of the 80% policy, equity securities include common stocks, preferred stocks, warrants to purchase common stocks and preferred stocks, depositary receipts, and other securities with equity characteristics.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| STATE STREET CORP | — | $88.75M | 0.88% |
| EDISON INTL | — | $85.28M | 0.84% |
| EMCOR GROUP INC | — | $84.09M | 0.83% |
| CF INDUSTRIES HOLDINGS INC | — | $76.97M | 0.76% |
| CMS ENERGY CORP | — | $73.80M | 0.73% |
| CIRRUS LOGIC INC | — | $69.60M | 0.69% |
| ROKU INC CLASS A | — | $67.82M | 0.67% |
| RANGE RESOURCES CORP | — | $67.37M | 0.67% |
| BWX TECHNOLOGIES INC | — | $66.64M | 0.66% |
| ALLISON TRANSMISSION HLDGS INC | — | $64.71M | 0.64% |
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. |
|---|---|---|
| VANGUARD STRATEGIC SMALL-CAP EQUITY FUND · VSTCX | 49% | 0.21% |
| VANGUARD MARKET NEUTRAL FUND · VMNFX, VMNIX | 42% | 1.34% |
| VANGUARD SMALL-CAP INDEX FUND · NAESX, VSMAX, VSCIX, VB, VSCPX | 34% | 0.02% |
Advisers
| Firm | Role |
|---|---|
| The Vanguard Group, Inc. | Adviser |
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.
- 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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