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VanguardEquity Income Fund - The Vanguard Group

Fact sheet | March 31, 2022 Vanguard Vanguard Equity Income FundDomestic stock fund | Admiral SharesFund facts Risk level Low High Total net assets Expense ratio as of 01/31/22 Ticker symbol Turnover rate Inception date fund number 12345 $48,261 MM %VEIRX %08/13/01 0565 investment objectiveVanguard Equity Income fund seeks to provide an above-average level of current Income and reasonable long-term capital appreciation. BenchmarkSpliced Equity Income Index Growth of a $10,000 investment : January 31, 2012 December 31, 2021 $33,907 fund as of 12/31/21 $33,486 Benchmark as of 12/31/21 Annual returnsSpliced Equity Income Index: Russell 1000 Value Index through July 31, 2007; FTSE High Dividend Yield Index thereaft

Frequent trading policies may apply to those funds offered as investment options within your plan. Please log on to vanguard.com for your employer plans or contact Participant Services at 800-523-1188 for additional information. For more information about Vanguard funds or to obtain aprospectus, see below for which situation is right for you .

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