Manager perspectives

Vanguard Wellington Fund's sturdy roots run deep

April 24, 2023

Q&A
As the manager for the equity portion of Vanguard Wellington Fund, what is your investment objective and what are you looking to achieve?
So, not a lot has changed in the 90-plus years since this fund’s inception! Many investors consider this fund a stalwart, and a good option when looking to fill out a 65/35 portfolio. Can you share a high-level description of your investment philosophy?
This graphic displays the equation Earnings per share growth + Dividend yield = Value creation
What do you think of as your active edge?
July will mark your three-year anniversary as lead manager for the equity portion of the fund. What are some of your lessons learned or reflections?
We know you’re not macro-driven and that you aim to build the portfolio company by company; that said, what kind of environment are you expecting over the next few years, given where markets are today?
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Meet the expert

Daniel J. Pozen
Vanguard Information and Insights

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