Manager perspectives

Vanguard Wellington Fund's sturdy roots run deep

April 24, 2023

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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