VANGUARD DIVERSIFIED EQUITY FUND
Actively managed U.S. stock fund
As of its 2026 Q2 report, VANGUARD DIVERSIFIED EQUITY FUND held 7 positions with $2.93B in net assets. Its ten largest holdings made up 100.0% of the fund. The VDEQX share class costs 0.35% a year. Over the 12 months to May 2026, VDEQX returned 23.4%, with dividends reinvested. In 2026 Q3 it added no new positions and exited none.
Vanguard Diversified Equity Fund (the Fund) seeks to provide long-term capital appreciation and dividend income.
The fund is a fund of funds that invests in a diversified group of actively-managed Vanguard equity mutual funds rather than in individual securities, gaining indirect exposure to large-, mid-, and small-capitalization domestic equity securities. Under normal circumstances, the fund maintains at least 80% of its net assets in equity securities through its underlying funds. Because returns depend on the performance and holdings of the underlying funds selected, results will diverge from any single equity benchmark.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Vanguard US Growth Fund | 29.66% | $868.86M | 11.7M | $74.06 |
Vanguard Growth and Income Fund | 20.12% | $589.40M | 8.4M | $70.12 |
Vanguard Windsor Fund | 20.10% | $588.66M | 25.5M | $23.09 |
Vanguard Windsor II Fund | 15.04% | $440.45M | 8.9M | $49.48 |
Vanguard Explorer Fund | 10.27% | $300.72M | 2.4M | $127.35 |
Vanguard Mid-Cap Growth Fund | 4.81% | $140.85M | 5.9M | $23.94 |
Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 0.00% | $0.00M | — | — |
Reported price is the fund's own reported value divided by its own reported shares at 2026-04-30 — not a live quote, and not what the fund paid.
All 7 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 | 96.78% |
| Cash & short-term | 3.44% |
| Derivatives | 0.00% |
Look-through blends 6 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
How it has done
VDEQX share class · total returns with dividends reinvested
Volatility over the last 12 months: 12.38%. Past returns are a record, not a forecast.
Jun 2026 and Jul 2026 have been filed since the trailing figures were struck, so they are 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
VANGUARD DIVERSIFIED EQUITY FUND is an actively managed U.S. equity fund.
- Asset class
- Equity
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Fund of funds
- Expense ratio, by class
- 0.35%· VDEQX 0.35%
- Portfolio turnover
- 9.00% a year · as of 2026 Q1
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.
0 new
0 exited
Understand how this fund fits with the rest.
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