Summary
Vanguard Equity Income Fund Investor Shares is a mutual fund run by Vanguard. It does not trade on an exchange: you buy it from the fund company at a price set once a day. Positions inside: 231. The ten largest make up 23% of the fund.
- Yearly costs
- 0.26%
- Fund size
- $64.2B
- Positions
- 231
- Dividend yield
- 9.29%
- Running since
- 1988
What speaks for it
- Costs of 0.26% a year are below the middle of comparable funds (0.40%).
- Widely spread: the ten largest positions make up only 23% of the fund.
- A large fund with $64.2B under management.
- It has been running since 1988.
What to watch
- 89% of the fund is in one country (United States).
A fund has no Bulios Score and no Fair Price of its own - both are computed from the results of a single company. This page shows what is inside the fund and what it costs instead.
Price
Performance
- 1 month
- +3.6%
- 3 months
- +1.3%
- This year
- +12%
- 1 year
- +4.9%
- 3 years
- +30%
- 5 years
- +8.9%
- 10 years
- +59%
- Avg. market cap
- $439.5B
- P/E
- 21.9x
- Forward P/E
- 16.2x
- P/S
- 2.1x
- P/B
- 3.0x
- P/FCF
- 14.7x
- EV/EBITDA
- 16.1x
- Dividend yield
- 2.03%
- ROIC
- 12.5%
- ROE
- 23.2%
- Gross margin
- 53.5%
- Operating margin
- 26.1%
- Net margin
- 19.0%
- Payout ratio
- 44.3%
- Net debt/EBITDA
- 3.3x
- Beta
- 0.67
Weighted average of the 50 largest companies, which make up 60% of the fund. Banks and insurers are left out of the gross margin, the ROIC and the EBITDA figures.
What is inside?
Widely spread- 1 AVBroadcom AVGO 8.0%
- 2 MRMerck & Co. MRK 2.4%
- 3 JNJohnson & Johnson JNJ 2.3%
- 4 BABank of America BAC 2.2%
- 5 FADiamondback Energy, Inc. FANG 1.8%
- 6 CSCisco CSCO 1.4%
- 7 HBHuntington Bancshares HBAN 1.3%
- 8 DIDisney DIS 1.3%
- 9 MTM&T Bank Corporation MTB 1.3%
- 10 ULUnilever UL 1.3%
Positions in the fund: 231. The ten largest make up 23% of it.
Composition as of Oct 18, 2026.
Where is it spread?
One countryBy sector
- Financials 21%
- Technology 18%
- Healthcare 16%
- Industrials 9.2%
- Consumer defensive 8.4%
- Other 28%
By country
- United States 89%
- United Kingdom 3.2%
- Ireland 2.4%
- Netherlands 0.8%
- Other countries 4.5%
By company size
- Mega cap 31%
- Large cap 64%
- Mid cap 4.6%
By the company's market value: Mega cap from $200B, Large cap from $10B, Mid cap from $2B, Small cap from $300M, Micro cap below $300M.
Largest sector: Financials (21%). Largest country: United States (89%). Largest size group: Large cap (64%).
What does it cost me?
Cheap- A year from $10,000
- $26.00
- Over 20 years
- $1,284
From every $10,000 invested the fund takes $26.00 a year. You do not pay it separately - it is taken out of the fund's value. Over 20 years at 5% yearly growth that adds up to about $1,284.
How has it done?
Growing slowly- A year on average, 10 years
- +4.7%
- Deepest drop
- -19%
- Yearly volatility
- 13%
Average yearly growth over the last ten years: 4.7%. Deepest drop in these years: 19% below the earlier high.
Does it pay dividends?
Yes, it pays out- Yield
- 9.29%
- Payments a year
- 4
- Last payment
- $0.28
Over the last 12 months it paid $4.59 per share, which is 9.29% of today's price. The last payment was $0.28 on Mar 20, 2026.
How expensive are the companies inside?
Usual valuation- P/E of the companies inside
- 21.9
- Average Bulios Score
- 67 out of 100
Weight by Bulios Fair Price
- Undervalued 22%
- Fairly valued 22%
- Overvalued 56%
On average the companies inside trade for 21.9 times their yearly profit. By Fair Price, 56% of the rated weight comes out as overvalued.
Counted from its largest companies (50), which make up 60% of the fund. Each company counts by its weight. We use the metrics, the Bulios Score and the Fair Price of the companies themselves.
Can I buy it as an ETF?
A mutual fund is bought from the fund company. These ETFs hold much of the same and trade on an exchange, so an ordinary broker carries them.
| Fund | Domicile | Size | 1-year change | Dividends | ||
|---|---|---|---|---|---|---|
VY VYM Vanguard High Dividend Yield Index Fund | United States | 0.04% | $95.8B | +14% | Pays out | 44% |
DG DGRO iShares Core Dividend Growth ETF | United States | 0.08% | $44.0B | +16% | Pays out | 37% |
DL DLN WisdomTree U.S. LargeCap Dividend Fund | United States | 0.28% | $6.31B | +14% | Pays out | 35% |
VT VTV Vanguard Value Index Fund | United States | 0.03% | $252.2B | +20% | Pays out | 35% |
DT DTD WisdomTree U.S. Total Dividend Fund | United States | 0.28% | $1.66B | +14% | Pays out | 35% |
PF PFM Invesco Dividend Achievers ETF | United States | 0.52% | $795.7M | +12% | Pays out | 34% |
