The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VWNAX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the VWNAX 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 VWNAX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Recommitting to its value roots.
Andrew Daniels
Director
Summary
Vanguard Windsor II continues to have long-term merit following a subadvisor change. The strategy retains its Above Average People rating and its Average Process rating.