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Vanguard Equity-Income Fund Admiral Shares VEIRX Fund Analysis

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Morningstar’s Analysis VEIRX

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  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VEIRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VEIRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of VEIRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Vanguard Adds a Seasoned Manager to Vanguard Equity-Income; Ratings Unchanged.

null Todd Trubey

Todd Trubey

Analyst Note

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.

by Todd Trubey
Published on

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