Investment objective & strategy
As of Jan. 28, 2026 · prospectusObjective. Vanguard Wellington U.S. Value Active ETF (the Fund) seeks to provide long-term capital appreciation.
Strategy. The Fund employs an active management approach, investing primarily in large- and mid-capitalization companies whose stocks are considered by the Funds advisor to be undervalued. Undervalued stocks are generally those that are out of favor with investors and that the advisor believes are trading at prices that are below average in relation to measures such as earnings and book value. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in U.S. securities. For the purposes of the 80% policy, a U.S. security is any security that is issued by a U.S. company. The Fund employs an active management approach, investing primarily in large- and mid-capitalization companies whose stocks are considered by the Funds advisor to be undervalued. Undervalued stocks are generally those that are out of favor with investors and that the advisor believes are trading at prices that are below average in relation to measures such as earnings and book value. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in U.S. securities. For the purposes of the 80% policy, a U.S. security is any security that is issued by a U.S. company.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| MICROSOFT CORP | — | $1.55M | 2.87% |
| AMAZON.COM INC | — | $1.55M | 2.85% |
| ALPHABET INC CL A | — | $1.44M | 2.66% |
| MERCK & CO | — | $1.43M | 2.64% |
| SLB LTD | — | $1.22M | 2.25% |
| CHUBB LTD | — | $1.21M | 2.24% |
| Vanguard Market Liquidity Fund | — | $1.11M | 2.05% |
| ASML HOLDING-NY | — | $1.03M | 1.89% |
| DOVER CORP | — | $939.28K | 1.73% |
| EQUINIX INC | — | $916.52K | 1.69% |
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 WINDSOR FUND · VWNDX, VWNEX | 64% | 0.18% |
| VANGUARD ADVICE SELECT GLOBAL VALUE FUND · VAGVX | 57% | 0.42% |
| HARTFORD CAPITAL APPRECIATION HLS FUND · HIACX, HIBCX, HCPCX | 45% | 0.67% |
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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