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Vanguard - Investment strategy and policy
Personal Investors

Strategy and policy

Investment strategy

The portfolio invests in Vanguard Windsor™ Fund, which invests mainly in mid- and large-capitalization companies whose stocks are considered by an advisor to be undervalued. Undervalued stocks are generally those that are out of favor with investors and that the advisor feels are trading at prices that are below average in relation to such measures as earnings and book value. These stocks often have above-average dividend yields. The fund uses multiple investment advisors.

Investment policy

The portfolio invests in a Vanguard fund, which follows its own investment policies.

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