0000932471-14-004939.txt : 20140303 0000932471-14-004939.hdr.sgml : 20140303 20140303080021 ACCESSION NUMBER: 0000932471-14-004939 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 3 FILED AS OF DATE: 20140303 DATE AS OF CHANGE: 20140303 EFFECTIVENESS DATE: 20140303 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VANGUARD WINDSOR FUNDS CENTRAL INDEX KEY: 0000107606 IRS NUMBER: 510082711 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-14336 FILM NUMBER: 14658197 BUSINESS ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482 BUSINESS PHONE: 6106691000 MAIL ADDRESS: STREET 1: PO BOX 2600 STREET 2: V26 CITY: VALLEY FORGE STATE: PA ZIP: 19482 FORMER COMPANY: FORMER CONFORMED NAME: VANGUARD WINDSOR FUNDS/ DATE OF NAME CHANGE: 20011121 FORMER COMPANY: FORMER CONFORMED NAME: VANGUARD/WINDSOR FUNDS INC DATE OF NAME CHANGE: 19931203 FORMER COMPANY: FORMER CONFORMED NAME: WINDSOR FUNDS INC DATE OF NAME CHANGE: 19920703 0000107606 S000004418 Vanguard Windsor II Fund C000012180 Investor Shares VWNFX C000012181 Admiral Shares VWNAX 497 1 mergedwindsorii.htm SUPPLEMENTS mergedwindsorii.htm - Generated by SEC Publisher for SEC Filing

Vanguard WindsorTM II Fund

Supplement to the Prospectus and Summary Prospectus Dated February 26, 2014

Restructuring of the Investment Advisory Team

The board of trustees of Vanguard Windsor II Fund has restructured the Fund’s investment advisory team, removing Armstrong Shaw Associates Inc. (Armstrong Shaw) as an investment advisor and reallocating the assets managed by Armstrong Shaw to Hotchkis and Wiley Capital Management, LLC (Hotchkis and Wiley), one of the Fund’s existing advisors. Barrow, Hanley, Mewhinney & Strauss, LLC (Barrow, Hanley), Lazard Asset Management LLC (Lazard), Sanders Capital, LLC (Sanders), and The Vanguard Group, Inc. (Vanguard), also remain as advisors to the Fund. All references to Armstrong Shaw and all other details and descriptions regarding its management of certain assets of the Fund in the Prospectus and Summary Prospectus are deleted in their entirety.

Barrow, Hanley; Lazard; Sanders; Hotchkis and Wiley; and Vanguard each independently select and maintain a portfolio of common stocks for the Fund. In addition, as with other Vanguard funds that use a multimanager structure, Vanguard will continue to invest a small portion of the Fund’s assets to facilitate cash flows to and from the Fund’s advisors.

The Fund’s investment objective, primary investment strategies, and primary risks are not expected to change.

© 2014 The Vanguard Group, Inc. All rights reserved.  
Vanguard Marketing Corporation, Distributor. PS 73 032014

 


Vanguard Windsor™ Funds

Supplement to the Statement of Additional Information Dated February 26, 2014

Important Changes to Vanguard Windsor II Fund

The board of trustees of Vanguard Windsor II Fund has restructured the Fund’s investment advisory team, removing Armstrong Shaw Associates Inc. (Armstrong Shaw) as an investment advisor and reallocating the assets managed by Armstrong Shaw to Hotchkis and Wiley Capital Management, LLC (Hotchkis and Wiley), one of the Fund’s existing advisors. Barrow, Hanley, Mewhinney & Strauss, LLC (Barrow, Hanley), Lazard Asset Management LLC (Lazard), Sanders Capital, LLC (Sanders), and The Vanguard Group, Inc. (Vanguard), also remain as advisors to the Fund. All references to Armstrong Shaw and all other details and descriptions regarding its management of certain assets of the Fund in the Statement of Additional Information are deleted in their entirety.

© 2014 The Vanguard Group, Inc. All rights reserved.  
Vanguard Marketing Corporation, Distributor. SAI 22A 032014

 

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