Effective Sept. 29, 2026, Vanguard added Cesar Orosco, the head of quantitative equity, to the management team of Vanguard Equity-Income. On this strategy, Orosco joins Sharon Hill, a senior portfolio manager and head of a team that manages income-oriented mandates (such as this strategy), global factor funds, and select multi-asset strategies. She has been lead manager of the quantitative sleeve of Vanguard Equity-Income, with very strong results, since Feb. 26, 2021. Orosco remains a manager of Vanguard Strategic Equity and Vanguard Strategic Small-Cap Equity, which he has led since Feb. 26, 2021, with extremely strong results. This move comes as part of a set of manager changes on 14 mutual funds where the quantitative group manages the strategy or a portion of it. In each case, the fund had a single quantitative group portfolio manager and going forward will have two. These moves add another expert to each strategy and strengthen its resilience.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VEIPX’s performance objective and investment process is for both security selection and portfolio construction.
United States