EQUITY INCOME PORTFOLIO
Actively managed U.S. stock fund
As of its 2026 Q2 report, EQUITY INCOME PORTFOLIO held 204 positions with $2.50B in net assets. Its ten largest holdings made up 23.5% of the fund. The fund costs 0.29% a year. Over the 12 months to May 2026, it returned 23.6%, with dividends reinvested. In 2026 Q2 it added 31 new positions and exited 24.
Vanguard Variable Insurance Funds Equity Income Portfolio (the Fund ) seeks to provide an above-average level of current income and reasonable long-term capital appreciation.
The fund invests in common stocks of mid-size and large companies selected for above-average dividend yields and perceived undervaluation relative to peers, with a preference for companies with consistent dividend-payment histories. Multiple independent advisors each build and manage their own equity portfolios for the fund. Because each advisor independently selects securities, the fund's overall holdings and performance may diverge from what any single advisor would achieve alone.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
AVGOBroadcom Inc | 7.87% | $196.82M | 521.0K | $377.75 |
2.49% | $62.23M | 484.3K | $128.50 | |
2.29% | $57.29M | 225.6K | $253.97 | |
2.15% | $53.92M | 946.2K | $56.98 | |
1.85% | $46.31M | 263.5K | $175.78 | |
1.67% | $41.84M | 356.2K | $117.46 | |
1.34% | $33.43M | 1.9M | $17.73 | |
1.30% | $32.44M | 337.0K | $96.25 | |
Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 1.28% | $31.93M | — | — |
Unilever PLC | 1.27% | $31.71M | 527.4K | $60.12 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
The 200 largest of 204 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 96.51% |
| Cash & short-term | 1.92% |
| Derivatives | -0.03% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
By sector
- Financials
- 20.5%
- Information Technology
- 16.5%
- Health Care
- 14.1%
- Industrials
- 10.4%
- 10 other sectors
- 38.6%
- Financials
- 20.5%
- Information Technology
- 16.5%
- Health Care
- 14.1%
- Industrials
- 10.4%
- Energy
- 7.9%
- Utilities
- 6.7%
- Consumer Staples
- 6.3%
- Communication Services
- 3.1%
- Consumer Discretionary
- 3.1%
- Other
- 2.9%
- International
- 2.8%
- Materials
- 2.3%
- Real Estate
- 2.2%
- Cash
- 1.3%
How it has done
C000012155 share class · total returns with dividends reinvested
Volatility over the last 12 months: 9.54%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Fees & fund details
EQUITY INCOME PORTFOLIO is an actively managed U.S. equity fund. 15% of EQUITY INCOME PORTFOLIO’s stock holdings are in companies whose revenue grew in the top quartile of U.S. companies over the last five fiscal years (covering 93% of the fund’s equity).
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Expense ratio, by class
- 0.29%
- Portfolio turnover
- 58.00% a year · as of 2026 Q2
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
31 new· the largest 8
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