The investment seeks long-term capital appreciation and income. The fund 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.
Fund filings (PDF) »

Asset managers:
James Troyer (Started: Feb 28, 2006)
James P. Barrow (Started: Jun 24, 1985)
George Davis (Started: Dec 11, 2003)
Sheldon Lieberman (Started: Dec 11, 2003)
Christopher H. Blake (Started: Jan 8, 2007)
Jeffrey Shaw (Started: Jan 4, 2006)
Andrew Lacey (Started: Jan 8, 2007)

Advisor Company:
The Vanguard Group, Inc.
Fund family reports on Morningstar »

	1 year	3 years	5 years	10 years
Alpha*	1.69	2.03	0.80	3.42
Beta*	1.05	0.95	1.01	0.85
Mean annual return	1.19	-0.46	0.20	0.35
R-squared*	98.80	97.28	95.40	75.09
Standard deviation	25.01	20.48	16.54	15.78
Sharpe ratio	0.56	-0.38	-0.03	0.08
* Against standard index

Risk measurement details »

Security	Net Assets
International Business Machines Corp (IBM)	3.28%
J.P. Morgan Chase & Co. (JPM)	3.25%
CMT Market Liquidity Rate	2.93%
Bristol-Myers Squibb Company (BMY)	2.69%
Microsoft Corporation (MSFT)	2.58%
Hewlett-Packard Company (HPQ)	2.58%
Imperial Tobacco Group PLC ADR (ITYBY)	2.53%
Occidental Petroleum Corporation (OXY)	2.52%
Philip Morris International Inc (PM)	2.50%
Wells Fargo Company (WFC)	2.36%

Holdings Performance »