Dividend Growth Fund (VDIGX)

Indexed to NASDAQ US Dividend Achievers Select

  Fact sheet (03/31/2014)

Characteristics

Stylebox

Stocks
Large- and mid-capitalization stocks.



Expected range
Central tendency

About our styleboxes  




Market capitalization
as of 03/31/2014

  VDIGX Benchmark

NASDAQ US Dividend Achievers Select Index

+/- Weight
Large 50.1% 39.1% 11.0%
Medium/Large 46.2% 39.1% 7.1%
Medium 3.7% 13.0% – 9.3%
Medium/Small 0.0% 6.7% – 6.7%
Small 0.0% 2.1% – 2.1%
Total 100.0% 100.0%  

More information about market capitalization  


Fundamentals
as of 03/31/2014

  VDIGX Benchmark

NASDAQ US Dividend Achievers Select Index

+/- Weight
Number of stocks 50 163 – 113
Median market cap $76.8 billion $60.0 billion $16.7 billion
  VDIGX Benchmark

NASDAQ US Dividend Achievers Select Index

Earnings growth rate 8.7% 8.4%
Short-term reserves 2.36% N/A
P/E ratio 17.9x 18.8x
P/B ratio 3.4x 3.3x
Turnover rate (Fiscal year-end 01/31/2014) 11.0% N/A
Return on equity 23.4% 21.3%
Foreign holdings 11.95% N/A

Composition

Sector weightings
as of 03/31/2014

  Sector
 
 VDIGX
 
Benchmark

NASDAQ US Dividend Achievers Select Index

 
+/- Weight
 
Health Care 18.0% 10.7% 7.3%
Industrials 15.4% 21.4% – 6.0%
Consumer Discretionary 14.4% 8.5% 5.9%
Consumer Staples 13.4% 21.6% – 8.2%
Information Technology 11.9% 12.2% – 0.3%
Financials 11.3% 7.0% 4.3%
Energy 10.2% 9.3% 0.9%
Materials 4.4% 8.4% – 4.0%
Utilities 1.0% 0.8% 0.2%
Telecommunication Services 0.0% 0.1% – 0.1%
Other 0.0% 0.0% 0.0%
0%
25%
Total 100.0% 100.0%

Sector categories are based on the Global Industry Classification Standard system.

People and process

Firms

Wellington Management Company, LLP

Product management

Vanguard Dividend Growth Fund seeks above-average current income and long-term growth of capital and income. The advisor, Wellington Management Company, LLP, invests in a diversified array of stable, well-managed companies that have a history of or a potential for growing dividends over time. Valuation is key to security selection, with the advisor preferring stocks that trade at a discount to the market or that possess an attractive risk/reward profile. The advisor is not constrained by a traditional value or growth mandate, but is permitted sufficient style latitude to search a broad investment universe for quality stocks.

Wellington Management Company, LLP

Firm description

Founded in 1928, Wellington Management Company, LLP, Boston, Massachusetts, is among the nation’s oldest and most respected institutional investment managers. The firm has advised Vanguard Dividend Growth Fund since 1992.

Investment Manager Biography

Donald J. Kilbride, Senior Vice President

  • Portfolio manager.
  • Advised the fund since 2006.
  • Worked in investment management since 1996.
  • B.A., College of the Holy Cross.
  • M.B.A., University of North Carolina, Kenan-Flagler Business School.

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