| Fund Inception | 05/14/2001 |
| Name of Issuer | Vanguard |
| Fund Advisor(s) | Hotchkis and Wiley Capital Mgmt LLC Harris Associates L.P. Sanders Capital, LLC Aristotle Capital Management, LLC |
| Sub-Advisor(s) | -- |
Fund Managers for VWNAX
George Davis
Portfolio Manager since 12/11/2003
George Davis serves as Executive Chairman and portfolio manager on the Large Cap Fundamental Value and Large Cap Disciplined Value portfolios. He is a member of the capital goods and financials sector teams.
Prior to joining the firm, Mr. Davis was an assistant to the senior partner of RCM Capital Management. He began his career in equity research with internships at Cramer, Rosenthal & McGlynn and Fidelity Management & Research. Mr. Davis received his BA in Economics and History and MBA from Stanford University.
Lewis Sanders
Portfolio Manager since 01/13/2010
Lewis A. Sanders, Chief Executive Officer and Co-Chief Investment Officer of Sanders Capital, LLC. He has worked in investment management since 1968; has managed investment portfolios since 1981; has been with Sanders since 2009; and has co-managed a portion of the Fund since 2010. Education: B.S., Columbia University
John Mahedy
Portfolio Manager since 01/13/2010
Mahedy was named Co-CIO -- US Value equities in 2003. He continues to serve as director of research -- US Value Equities, a position he has held since 2001. Previously, he was a senior research analyst in Bernsteins institutional research and brokerage unit, covering the domestic and international energy industry from 1995 to 2001. He has been with Sanders since 2009; and has co-managed a portion of the Fund since 2010.
Mahedy holds the Chartered Financial Analyst designation.
Education: B.S. and M.B.A., New York University.
Scott McBride
Portfolio Manager since 01/07/2019
Scott McBride serves as CEO and portfolio manager on the Large Cap Fundamental Value, Large Cap Disciplined Value, Global Value and Focused Global Value portfolios. He covers technology companies and is a member of the consumer, technology, healthcare and financial sector teams.
Prior to joining the firm, Mr. McBride was an associate consultant with Deloitte Consulting and worked as an investment marketing analyst with Fidelity Investments. Mr. McBride, a CFA® charterholder, received his BA in Economics from Georgetown University and MBA from Columbia University.
Gregory Padilla
Portfolio Manager since 12/16/2019
Gregory (Greg) Padilla is Portfolio Manager and Managing Partner at Aristotle Capital. He serves as a portfolio manager on the U.S. (“Value Equityâ€) and Global Equity portfolios. Prior to joining the firm, Greg was Managing Director, Portfolio Manager and Analyst at Vinik Asset Management, LP and Tradewinds Global Investors, LLC.
Greg earned his Bachelor of Science degree in Finance from Arizona State University and his MBA with honors and concentration in investments and financial markets from the University of Southern California. He is a CFA® charterholder.
Howard Gleicher
Portfolio Manager since 12/16/2019
Howard Gleicher is CEO and Chief Investment Officer of Aristotle Capital. Having begun in the investment industry in 1985, Howard heads the firm and leads the investment effort. Prior to founding Aristotle Capital, Howard was co-founder, CEO and Chief Investment Officer at Metropolitan West Capital Management, LLC. Howard’s prior investment-related experience includes serving as Principal, Portfolio Manager and Investment Policy Committee member at Palley-Needelman Asset Management, Inc., and Equity Portfolio Manager at Pacific Investment Management Company (PIMCO).
William Nygren
Portfolio Manager since 12/15/2025
• Vice President of the Oakmark Funds
• Portfolio Manager of the Oakmark Fund and the Oakmark Select Fund
• Portfolio Manager of the Oakmark U.S. Large Cap ETF
• Portfolio Manager of the U.S. Large Value Strategy
• BS (University of Minnesota, 1980)
• MS (University of Wisconsin-Madison, Applied Security Analysis Program, 1981)
• Director of Research at Harris Associates (1990-98); Equity Analyst with Harris Associates (1983-90); Investment Analyst with Northwestern Mutual Life Insurance Co. (1981-83)
Michael Nicolas
Portfolio Manager since 12/15/2025
• Vice President of the Oakmark Funds
• Portfolio Manager of the Oakmark Fund and the Oakmark Equity and Income Fund
• Portfolio Manager of the Oakmark U.S. Large Cap ETF
• Portfolio Manager of the U.S. Large Value and Equity and Income Strategies
• BA (University of Wisconsin-Madison, 2002)
• Managing Director at Lakeview Investment Group (2005-13); Sr. Analyst at Stratford Advisory Group (2002-05)
Robert Bierig
Portfolio Manager since 12/15/2025
• Vice President of the Oakmark Funds
• Portfolio Manager of the Oakmark Fund and the Oakmark Select Fund
• Portfolio Manager of the Oakmark U.S. Large Cap ETF
• Portfolio Manager of the U.S. Large Value and U.S. Concentrated Strategies and certain high net worth accounts
• BA (Duke University, 2000)
• Managing Principal at Amethyst Capital Management (2011); Managing Director at GEICO Investments (2007-10); Investor at Frist Capital (2005-07); Investment Analyst at ESL Investments (2002-05); Investment Banking Analyst at Morgan Stanley (2000-02)
