SECURITIES AND EXCHANGE COMMISSION | |
Washington, D.C. 20549 | |
Form N-1A | |
REGISTRATION STATEMENT (NO. 2-14336) | |
UNDER THE SECURITIES ACT OF 1933 | [X] |
Pre-Effective Amendment No. | [ ] |
Post-Effective Amendment No. 136 | [X] |
and | |
REGISTRATION STATEMENT (NO. 811-00834) UNDER THE INVESTMENT COMPANY ACT | |
OF 1940 | |
Amendment No. 139 | [X] |
VANGUARD WINDSOR FUNDS | |
(Exact Name of Registrant as Specified in Declaration of Trust) | |
P.O. Box 2600, Valley Forge, PA 19482 | |
(Address of Principal Executive Office) | |
Registrants Telephone Number (610) 669-1000 |
Anne E. Robinson, Esquire | |
P.O. Box 876 | |
Valley Forge, PA 19482 | |
Approximate Date of Proposed Public Offering: | |
It is proposed that this filing will become effective (check appropriate box) | |
[X] | immediately upon filing pursuant to paragraph (b) |
[] | on <date> pursuant to paragraph (b) |
[ ] | 60 days after filing pursuant to paragraph (a)(1) |
[ ] | on (date) pursuant to paragraph (a)(1) |
[ ] | 75 days after filing pursuant to paragraph (a)(2) |
[ ] | on (date) pursuant to paragraph (a)(2) of rule 485 |
If appropriate, check the following box: | |
[ ] | This post-effective amendment designates a new effective date for a |
previously filed post-effective amendment. |
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant hereby certifies that it meets all requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Post-Effective Amendment to this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the Town of Valley Forge and the Commonwealth of Pennsylvania, on the 19th day of March, 2019.
VANGUARD WINDSOR FUNDS
BY:___________/s/ Mortimer J. Buckley*_________
Mortimer J. Buckley
Chairman and Chief Executive Officer
Pursuant to the requirements of the Securities Act of 1933, this Post-Effective Amendment to the Registration Statement has been signed below by the following persons in the capacities and on the date indicated:
Signature | Title | Date |
/S/ MORTIMER J. BUCKLEY* | Chairman and Chief Executive Officer | March 19, 2019 |
Mortimer J. Buckley | ||
/S/ EMERSON U. FULLWOOD* | Trustee | March 19, 2019 |
Emerson U. Fullwood | ||
/S/ AMY GUTMANN* | Trustee | March 19, 2019 |
Amy Gutmann | ||
/S/ F. JOSEPH LOUGHREY* | Trustee | March 19, 2019 |
F. Joseph Loughrey | ||
/S/ MARK LOUGHRIDGWHITE DE* | Trustee | March 19, 2019 |
Mark Loughridge | ||
/S/ SCOTT C. MALPASS* | Trustee | March 19, 2019 |
Scott C. Malpass | ||
/S/ DEANNA MULLIGAN* | Trustee | March 19, 2019 |
Deanna Mulligan | ||
/S/ ANDRÉ F. PEROLD* | Trustee | March 19, 2019 |
André F. Perold | ||
/S/ SARAH BLOOM RASKIN* | Trustee | March 19, 2019 |
Sarah Bloom Raskin | ||
/S/ PETER F. VOLANAKIS* | Trustee | March 19, 2019 |
Peter F. Volanakis | ||
/S/ THOMAS J. HIGGINS* | Chief Financial Officer | March 19, 2019 |
Thomas J. Higgins |
*By: /s/ Anne E. Robinson
Anne E. Robinson, pursuant to a Power of Attorney filed on January 18, 2018, see File Number 33-32216, Incorporated by Reference.
INDEX TO EXHIBITS | |
XBRL Instance Document | Ex-101.INS |
XBRL Taxonomy Extension Schema Document | Ex-101.SCH |
XBRL Taxonomy Extension Calculation Linkbase Document | Ex-101.CAL |
XBRL Taxonomy Extension Definition Linkbase Document. | Ex-101.DEF |
XBRL Taxonomy Extension Labels Linkbase Document | Ex-101.LAB |
XBRL Taxonomy Extension Presentation Linkbase Document | Ex-101.PRE |
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Document Type | dei_DocumentType | 485BPOS |
Document Period End Date | dei_DocumentPeriodEndDate | Oct. 31, 2018 |
Registrant Name | dei_EntityRegistrantName | VANGUARD WINDSOR FUNDS |
Central Index Key | dei_EntityCentralIndexKey | 0000107606 |
Amendment Flag | dei_AmendmentFlag | false |
Document Creation Date | dei_DocumentCreationDate | Feb. 27, 2019 |
Document Effective Date | dei_DocumentEffectiveDate | Feb. 27, 2019 |
Prospectus Date | rr_ProspectusDate | Feb. 27, 2019 |
Entity Inv Company Type | dei_EntityInvCompanyType | N-1A |
Retail | Vanguard Windsor Fund | ||||||||||||||||||||||||||
Fund Summary | ||||||||||||||||||||||||||
Investment Objective | ||||||||||||||||||||||||||
The Fund seeks to provide long-term capital appreciation and income. | ||||||||||||||||||||||||||
Fees and Expenses | ||||||||||||||||||||||||||
The following table describes the fees and expenses you may pay if you buy and hold Investor Shares or Admiral Shares of the Fund. | ||||||||||||||||||||||||||
Shareholder Fees<br/><br/> (Fees paid directly from your investment) | ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||
Annual Fund Operating Expenses<br/><br/> (Expenses that you pay each year as a percentage of the value of your investment) | ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||
Examples | ||||||||||||||||||||||||||
The following examples are intended to help you compare the cost of investing in the Fund’s Investor Shares or Admiral Shares with the cost of investing in other mutual funds. They illustrate the hypothetical expenses that you would incur over various periods if you were to invest $10,000 in the Fund’s shares. These examples assume that the shares provide a return of 5% each year and that total annual fund operating expenses remain as stated in the preceding table. You would incur these hypothetical expenses whether or not you were to redeem your investment at the end of the given period. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||
Portfolio Turnover | ||||||||||||||||||||||||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in more taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the previous expense examples, reduce the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 33% of the average value of its portfolio. | ||||||||||||||||||||||||||
Principal Investment Strategies | ||||||||||||||||||||||||||
The Fund invests mainly in large- and mid-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 believes are trading at prices that are below average in relation to measures such as earnings and book value. The Fund uses multiple investment advisors. Each advisor independently selects and maintains a portfolio of common stocks for the Fund. | ||||||||||||||||||||||||||
Principal Risks | ||||||||||||||||||||||||||
An investment in the Fund could lose money over short or long periods of time. You should expect the Fund’s share price and total return to fluctuate within a wide range. The Fund is subject to the following risks, which could affect the Fund’s performance: • Stock market risk, which is the chance that stock prices overall will decline. Stock markets tend to move in cycles, with periods of rising prices and periods of falling prices. • Investment style risk, which is the chance that returns from large- and mid-capitalization value stocks will trail returns from the overall stock market. Large- and mid-cap value stocks each tend to go through cycles of doing better—or worse—than other segments of the stock market or the stock market in general. These periods have, in the past, lasted for as long as several years. Historically, mid-cap value stocks have been more volatile in price than large-cap value stocks. The stock prices of mid-size companies tend to experience greater volatility because, among other things, mid-size companies tend to be more sensitive to changing economic conditions. • Manager risk, which is the chance that poor security selection will cause the Fund to underperform relevant benchmarks or other funds with a similar investment objective. In addition, significant investment in the financial sector subjects the Fund to proportionately higher exposure to the risks of this sector. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. | ||||||||||||||||||||||||||
Annual Total Returns | ||||||||||||||||||||||||||
The following bar chart and table are intended to help you understand the risks of investing in the Fund. The bar chart shows how the performance of the Fund‘s Investor Shares has varied from one calendar year to another over the periods shown. The table shows how the average annual total returns of the share classes presented compare with those of a relevant market index, which has investment characteristics similar to those of the Fund. Keep in mind that the Fund’s past performance (before and after taxes) does not indicate how the Fund will perform in the future. Updated performance information is available on our website at vanguard.com/performance or by calling Vanguard toll-free at 800-662-7447. | ||||||||||||||||||||||||||
Annual Total Returns — Vanguard Windsor Fund Investor Shares | ||||||||||||||||||||||||||
During the periods shown in the bar chart, the highest return for a calendar quarter was 18.93% (quarter ended September 30, 2009), and the lowest return for a quarter was –17.68% (quarter ended September 30, 2011). | ||||||||||||||||||||||||||
Average Annual Total Returns for Periods Ended December 31, 2018 | ||||||||||||||||||||||||||
| ||||||||||||||||||||||||||
Actual after-tax returns depend on your tax situation and may differ from those shown in the preceding table. When after-tax returns are calculated, it is assumed that the shareholder was in the highest individual federal marginal income tax bracket at the time of each distribution of income or capital gains or upon redemption. State and local income taxes are not reflected in the calculations. Please note that after-tax returns are shown only for the Investor Shares and may differ for each share class. After-tax returns are not relevant for a shareholder who holds fund shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan. Also, figures captioned Return After Taxes on Distributions and Sale of Fund Shares may be higher than other figures for the same period if a capital loss occurs upon redemption and results in an assumed tax deduction for the shareholder. |
Label | Element | Value | ||||
---|---|---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||||
Registrant Name | dei_EntityRegistrantName | VANGUARD WINDSOR FUNDS | ||||
Prospectus Date | rr_ProspectusDate | Feb. 27, 2019 | ||||
Retail | Vanguard Windsor Fund | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Risk/Return [Heading] | rr_RiskReturnHeading | Fund Summary | ||||
Objective [Heading] | rr_ObjectiveHeading | Investment Objective | ||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Fund seeks to provide long-term capital appreciation and income. | ||||
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses | ||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | The following table describes the fees and expenses you may pay if you buy and hold Investor Shares or Admiral Shares of the Fund. | ||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees<br/><br/> (Fees paid directly from your investment) | ||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses<br/><br/> (Expenses that you pay each year as a percentage of the value of your investment) | ||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover | ||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in more taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the previous expense examples, reduce the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 33% of the average value of its portfolio. | ||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 33.00% | ||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Examples | ||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | The following examples are intended to help you compare the cost of investing in the Fund’s Investor Shares or Admiral Shares with the cost of investing in other mutual funds. They illustrate the hypothetical expenses that you would incur over various periods if you were to invest $10,000 in the Fund’s shares. These examples assume that the shares provide a return of 5% each year and that total annual fund operating expenses remain as stated in the preceding table. You would incur these hypothetical expenses whether or not you were to redeem your investment at the end of the given period. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | ||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund invests mainly in large- and mid-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 believes are trading at prices that are below average in relation to measures such as earnings and book value. The Fund uses multiple investment advisors. Each advisor independently selects and maintains a portfolio of common stocks for the Fund. | ||||
Risk [Heading] | rr_RiskHeading | Principal Risks | ||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | An investment in the Fund could lose money over short or long periods of time. You should expect the Fund’s share price and total return to fluctuate within a wide range. The Fund is subject to the following risks, which could affect the Fund’s performance: • Stock market risk, which is the chance that stock prices overall will decline. Stock markets tend to move in cycles, with periods of rising prices and periods of falling prices. • Investment style risk, which is the chance that returns from large- and mid-capitalization value stocks will trail returns from the overall stock market. Large- and mid-cap value stocks each tend to go through cycles of doing better—or worse—than other segments of the stock market or the stock market in general. These periods have, in the past, lasted for as long as several years. Historically, mid-cap value stocks have been more volatile in price than large-cap value stocks. The stock prices of mid-size companies tend to experience greater volatility because, among other things, mid-size companies tend to be more sensitive to changing economic conditions. • Manager risk, which is the chance that poor security selection will cause the Fund to underperform relevant benchmarks or other funds with a similar investment objective. In addition, significant investment in the financial sector subjects the Fund to proportionately higher exposure to the risks of this sector. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. |
||||
Risk Lose Money [Text] | rr_RiskLoseMoney | An investment in the Fund could lose money over short or long periods of time. | ||||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. | ||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Annual Total Returns | ||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The following bar chart and table are intended to help you understand the risks of investing in the Fund. The bar chart shows how the performance of the Fund‘s Investor Shares has varied from one calendar year to another over the periods shown. The table shows how the average annual total returns of the share classes presented compare with those of a relevant market index, which has investment characteristics similar to those of the Fund. Keep in mind that the Fund’s past performance (before and after taxes) does not indicate how the Fund will perform in the future. Updated performance information is available on our website at vanguard.com/performance or by calling Vanguard toll-free at 800-662-7447. | ||||
Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The following bar chart and table are intended to help you understand the risks of investing in the Fund. The bar chart shows how the performance of the Fund‘s Investor Shares has varied from one calendar year to another over the periods shown. The table shows how the average annual total returns of the share classes presented compare with those of a relevant market index, which has investment characteristics similar to those of the Fund. | ||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | 800-662-7447 | ||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | vanguard.com/performance | ||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | Keep in mind that the Fund’s past performance (before and after taxes) does not indicate how the Fund will perform in the future. | ||||
Bar Chart [Heading] | rr_BarChartHeading | Annual Total Returns — Vanguard Windsor Fund Investor Shares | ||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | During the periods shown in the bar chart, the highest return for a calendar quarter was 18.93% (quarter ended September 30, 2009), and the lowest return for a quarter was –17.68% (quarter ended September 30, 2011). | ||||
Performance Table Heading | rr_PerformanceTableHeading | Average Annual Total Returns for Periods Ended December 31, 2018 | ||||
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | When after-tax returns are calculated, it is assumed that the shareholder was in the highest individual federal marginal income tax bracket at the time of each distribution of income or capital gains or upon redemption. State and local income taxes are not reflected in the calculations. | ||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | After-tax returns are not relevant for a shareholder who holds fund shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan. | ||||
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | Please note that after-tax returns are shown only for the Investor Shares and may differ for each share class. | ||||
Performance Table Explanation after Tax Higher | rr_PerformanceTableExplanationAfterTaxHigher | Also, figures captioned Return After Taxes on Distributions and Sale of Fund Shares may be higher than other figures for the same period if a capital loss occurs upon redemption and results in an assumed tax deduction for the shareholder. | ||||
Performance Table Narrative | rr_PerformanceTableNarrativeTextBlock | Actual after-tax returns depend on your tax situation and may differ from those shown in the preceding table. When after-tax returns are calculated, it is assumed that the shareholder was in the highest individual federal marginal income tax bracket at the time of each distribution of income or capital gains or upon redemption. State and local income taxes are not reflected in the calculations. Please note that after-tax returns are shown only for the Investor Shares and may differ for each share class. After-tax returns are not relevant for a shareholder who holds fund shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan. Also, figures captioned Return After Taxes on Distributions and Sale of Fund Shares may be higher than other figures for the same period if a capital loss occurs upon redemption and results in an assumed tax deduction for the shareholder. | ||||
Retail | Vanguard Windsor Fund | Investor Shares | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Purchase Fee | rr_MaximumCumulativeSalesChargeOverOther | none | ||||
Sales Charge (Load) Imposed on Purchases | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Sales Charge (Load) Imposed on Reinvested Dividends | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||
Redemption Fee | rr_RedemptionFeeOverRedemption | none | ||||
Account Service Fee (for certain fund account balances below $10,000) | rr_MaximumAccountFee | $ 20 | [1] | |||
Management Fees | rr_ManagementFeesOverAssets | 0.30% | ||||
12b-1 Distribution Fee | rr_DistributionAndService12b1FeesOverAssets | none | ||||
Other Expenses | rr_OtherExpensesOverAssets | 0.01% | ||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.31% | ||||
1 Year | rr_ExpenseExampleYear01 | $ 32 | ||||
3 Years | rr_ExpenseExampleYear03 | 100 | ||||
5 Years | rr_ExpenseExampleYear05 | 174 | ||||
10 Years | rr_ExpenseExampleYear10 | 393 | ||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 32 | ||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 100 | ||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 174 | ||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | $ 393 | ||||
2009 | rr_AnnualReturn2009 | 34.69% | ||||
2010 | rr_AnnualReturn2010 | 14.82% | ||||
2011 | rr_AnnualReturn2011 | (4.00%) | ||||
2012 | rr_AnnualReturn2012 | 20.78% | ||||
2013 | rr_AnnualReturn2013 | 36.08% | ||||
2014 | rr_AnnualReturn2014 | 11.82% | ||||
2015 | rr_AnnualReturn2015 | (3.32%) | ||||
2016 | rr_AnnualReturn2016 | 12.49% | ||||
2017 | rr_AnnualReturn2017 | 19.10% | ||||
2018 | rr_AnnualReturn2018 | (12.46%) | ||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | highest return | ||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Sep. 30, 2009 | ||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 18.93% | ||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | lowest return | ||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Sep. 30, 2011 | ||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (17.68%) | ||||
1 Year | rr_AverageAnnualReturnYear01 | (12.46%) | ||||
5 Years | rr_AverageAnnualReturnYear05 | 4.86% | ||||
10 Years | rr_AverageAnnualReturnYear10 | 11.96% | ||||
Retail | Vanguard Windsor Fund | Admiral Shares | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Purchase Fee | rr_MaximumCumulativeSalesChargeOverOther | none | ||||
Sales Charge (Load) Imposed on Purchases | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Sales Charge (Load) Imposed on Reinvested Dividends | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||
Redemption Fee | rr_RedemptionFeeOverRedemption | none | ||||
Account Service Fee (for certain fund account balances below $10,000) | rr_MaximumAccountFee | $ 20 | [1] | |||
Management Fees | rr_ManagementFeesOverAssets | 0.21% | ||||
12b-1 Distribution Fee | rr_DistributionAndService12b1FeesOverAssets | none | ||||
Other Expenses | rr_OtherExpensesOverAssets | none | [2] | |||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.21% | ||||
1 Year | rr_ExpenseExampleYear01 | $ 22 | ||||
3 Years | rr_ExpenseExampleYear03 | 68 | ||||
5 Years | rr_ExpenseExampleYear05 | 118 | ||||
10 Years | rr_ExpenseExampleYear10 | 268 | ||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 22 | ||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 68 | ||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 118 | ||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | $ 268 | ||||
1 Year | rr_AverageAnnualReturnYear01 | (12.36%) | ||||
5 Years | rr_AverageAnnualReturnYear05 | 4.96% | ||||
10 Years | rr_AverageAnnualReturnYear10 | 12.07% | ||||
Retail | Vanguard Windsor Fund | Return After Taxes on Distributions | Investor Shares | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
1 Year | rr_AverageAnnualReturnYear01 | (14.88%) | ||||
5 Years | rr_AverageAnnualReturnYear05 | 3.15% | ||||
10 Years | rr_AverageAnnualReturnYear10 | 10.90% | ||||
Retail | Vanguard Windsor Fund | Return After Taxes on Distributions and Sale of Fund Shares | Investor Shares | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
1 Year | rr_AverageAnnualReturnYear01 | (5.64%) | ||||
5 Years | rr_AverageAnnualReturnYear05 | 3.72% | ||||
10 Years | rr_AverageAnnualReturnYear10 | 9.94% | ||||
Retail | Vanguard Windsor Fund | Russell 1000 Value Index (reflects no deduction for fees, expenses, or taxes) | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
1 Year | rr_AverageAnnualReturnYear01 | (8.27%) | ||||
5 Years | rr_AverageAnnualReturnYear05 | 5.95% | ||||
10 Years | rr_AverageAnnualReturnYear10 | 11.18% | ||||
|
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Retail | Vanguard Windsor II Fund | |||||||||||||||||||||||||||||||||||||
Fund Summary | |||||||||||||||||||||||||||||||||||||
Investment Objective | |||||||||||||||||||||||||||||||||||||
The Fund seeks to provide long-term capital appreciation and income. | |||||||||||||||||||||||||||||||||||||
Fees and Expenses | |||||||||||||||||||||||||||||||||||||
The following table describes the fees and expenses you may pay if you buy and hold Investor Shares or Admiral Shares of the Fund. | |||||||||||||||||||||||||||||||||||||
Shareholder Fees<br/><br/> (Fees paid directly from your investment) | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||
Annual Fund Operating Expenses<br/><br/> (Expenses that you pay each year as a percentage of the value of your investment) | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||
Examples | |||||||||||||||||||||||||||||||||||||
The following examples are intended to help you compare the cost of investing in the Fund’s Investor Shares or Admiral Shares with the cost of investing in other mutual funds. They illustrate the hypothetical expenses that you would incur over various periods if you were to invest $10,000 in the Fund’s shares. These examples assume that the shares provide a return of 5% each year and that total annual fund operating expenses remain as stated in the preceding table. You would incur these hypothetical expenses whether or not you were to redeem your investment at the end of the given period. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||
Portfolio Turnover | |||||||||||||||||||||||||||||||||||||
The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in more taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the previous expense examples, reduce the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 29% of the average value of its portfolio. | |||||||||||||||||||||||||||||||||||||
Principal Investment Strategies | |||||||||||||||||||||||||||||||||||||
The Fund invests mainly in large- and mid-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 believes are trading at prices that are below average in relation to measures such as earnings and book value. These stocks often have above-average dividend yields. The Fund uses multiple investment advisors. Each advisor independently selects and maintains a portfolio of common stocks for the Fund. | |||||||||||||||||||||||||||||||||||||
Principal Risks | |||||||||||||||||||||||||||||||||||||
An investment in the Fund could lose money over short or long periods of time. You should expect the Fund’s share price and total return to fluctuate within a wide range. The Fund is subject to the following risks, which could affect the Fund’s performance: • Stock market risk, which is the chance that stock prices overall will decline. Stock markets tend to move in cycles, with periods of rising prices and periods of falling prices. • Investment style risk, which is the chance that returns from large- and mid-capitalization value stocks will trail returns from the overall stock market. Large- and mid-cap value stocks each tend to go through cycles of doing better—or worse—than other segments of the stock market or the stock market in general. These periods have, in the past, lasted for as long as several years. Historically, mid-cap value stocks have been more volatile in price than large-cap value stocks. The stock prices of mid-size companies tend to experience greater volatility because, among other things, mid-size companies tend to be more sensitive to changing economic conditions. • Manager risk, which is the chance that poor security selection will cause the Fund to underperform relevant benchmarks or other funds with a similar investment objective. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. | |||||||||||||||||||||||||||||||||||||
Annual Total Returns | |||||||||||||||||||||||||||||||||||||
The following bar chart and table are intended to help you understand the risks of investing in the Fund. The bar chart shows how the performance of the Fund‘s Investor Shares has varied from one calendar year to another over the periods shown. The table shows how the average annual total returns of the share classes presented compare with those of relevant market indexes, which have investment characteristics similar to those of the Fund. Keep in mind that the Fund’s past performance (before and after taxes) does not indicate how the Fund will perform in the future. Updated performance information is available on our website at vanguard.com/performance or by calling Vanguard toll-free at 800-662-7447. | |||||||||||||||||||||||||||||||||||||
Annual Total Returns — Vanguard Windsor II Fund Investor Shares | |||||||||||||||||||||||||||||||||||||
During the periods shown in the bar chart, the highest return for a calendar quarter was 17.78% (quarter ended June 30, 2009), and the lowest return for a quarter was –14.84% (quarter ended September 30, 2011). | |||||||||||||||||||||||||||||||||||||
Average Annual Total Returns for Periods Ended December 31, 2018 | |||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||
Actual after-tax returns depend on your tax situation and may differ from those shown in the preceding table. When after-tax returns are calculated, it is assumed that the shareholder was in the highest individual federal marginal income tax bracket at the time of each distribution of income or capital gains or upon redemption. State and local income taxes are not reflected in the calculations. Please note that after-tax returns are shown only for the Investor Shares and may differ for each share class. After-tax returns are not relevant for a shareholder who holds fund shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan. Also, figures captioned Return After Taxes on Distributions and Sale of Fund Shares may be higher than other figures for the same period if a capital loss occurs upon redemption and results in an assumed tax deduction for the shareholder. |
Label | Element | Value | ||||
---|---|---|---|---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |||||
Registrant Name | dei_EntityRegistrantName | VANGUARD WINDSOR FUNDS | ||||
Prospectus Date | rr_ProspectusDate | Feb. 27, 2019 | ||||
Retail | Vanguard Windsor II Fund | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Risk/Return [Heading] | rr_RiskReturnHeading | Fund Summary | ||||
Objective [Heading] | rr_ObjectiveHeading | Investment Objective | ||||
Objective, Primary [Text Block] | rr_ObjectivePrimaryTextBlock | The Fund seeks to provide long-term capital appreciation and income. | ||||
Expense [Heading] | rr_ExpenseHeading | Fees and Expenses | ||||
Expense Narrative [Text Block] | rr_ExpenseNarrativeTextBlock | The following table describes the fees and expenses you may pay if you buy and hold Investor Shares or Admiral Shares of the Fund. | ||||
Shareholder Fees Caption [Text] | rr_ShareholderFeesCaption | Shareholder Fees<br/><br/> (Fees paid directly from your investment) | ||||
Operating Expenses Caption [Text] | rr_OperatingExpensesCaption | Annual Fund Operating Expenses<br/><br/> (Expenses that you pay each year as a percentage of the value of your investment) | ||||
Portfolio Turnover [Heading] | rr_PortfolioTurnoverHeading | Portfolio Turnover | ||||
Portfolio Turnover [Text Block] | rr_PortfolioTurnoverTextBlock | The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in more taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the previous expense examples, reduce the Fund’s performance. During the most recent fiscal year, the Fund’s portfolio turnover rate was 29% of the average value of its portfolio. | ||||
Portfolio Turnover, Rate | rr_PortfolioTurnoverRate | 29.00% | ||||
Expense Example [Heading] | rr_ExpenseExampleHeading | Examples | ||||
Expense Example Narrative [Text Block] | rr_ExpenseExampleNarrativeTextBlock | The following examples are intended to help you compare the cost of investing in the Fund’s Investor Shares or Admiral Shares with the cost of investing in other mutual funds. They illustrate the hypothetical expenses that you would incur over various periods if you were to invest $10,000 in the Fund’s shares. These examples assume that the shares provide a return of 5% each year and that total annual fund operating expenses remain as stated in the preceding table. You would incur these hypothetical expenses whether or not you were to redeem your investment at the end of the given period. Although your actual costs may be higher or lower, based on these assumptions your costs would be: | ||||
Strategy [Heading] | rr_StrategyHeading | Principal Investment Strategies | ||||
Strategy Narrative [Text Block] | rr_StrategyNarrativeTextBlock | The Fund invests mainly in large- and mid-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 believes are trading at prices that are below average in relation to measures such as earnings and book value. These stocks often have above-average dividend yields. The Fund uses multiple investment advisors. Each advisor independently selects and maintains a portfolio of common stocks for the Fund. | ||||
Risk [Heading] | rr_RiskHeading | Principal Risks | ||||
Risk Narrative [Text Block] | rr_RiskNarrativeTextBlock | An investment in the Fund could lose money over short or long periods of time. You should expect the Fund’s share price and total return to fluctuate within a wide range. The Fund is subject to the following risks, which could affect the Fund’s performance: • Stock market risk, which is the chance that stock prices overall will decline. Stock markets tend to move in cycles, with periods of rising prices and periods of falling prices. • Investment style risk, which is the chance that returns from large- and mid-capitalization value stocks will trail returns from the overall stock market. Large- and mid-cap value stocks each tend to go through cycles of doing better—or worse—than other segments of the stock market or the stock market in general. These periods have, in the past, lasted for as long as several years. Historically, mid-cap value stocks have been more volatile in price than large-cap value stocks. The stock prices of mid-size companies tend to experience greater volatility because, among other things, mid-size companies tend to be more sensitive to changing economic conditions. • Manager risk, which is the chance that poor security selection will cause the Fund to underperform relevant benchmarks or other funds with a similar investment objective. An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. |
||||
Risk Lose Money [Text] | rr_RiskLoseMoney | An investment in the Fund could lose money over short or long periods of time. | ||||
Risk Not Insured Depository Institution [Text] | rr_RiskNotInsuredDepositoryInstitution | An investment in the Fund is not a deposit of a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. | ||||
Bar Chart and Performance Table [Heading] | rr_BarChartAndPerformanceTableHeading | Annual Total Returns | ||||
Performance Narrative [Text Block] | rr_PerformanceNarrativeTextBlock | The following bar chart and table are intended to help you understand the risks of investing in the Fund. The bar chart shows how the performance of the Fund‘s Investor Shares has varied from one calendar year to another over the periods shown. The table shows how the average annual total returns of the share classes presented compare with those of relevant market indexes, which have investment characteristics similar to those of the Fund. Keep in mind that the Fund’s past performance (before and after taxes) does not indicate how the Fund will perform in the future. Updated performance information is available on our website at vanguard.com/performance or by calling Vanguard toll-free at 800-662-7447. | ||||
Performance Information Illustrates Variability of Returns [Text] | rr_PerformanceInformationIllustratesVariabilityOfReturns | The following bar chart and table are intended to help you understand the risks of investing in the Fund. The bar chart shows how the performance of the Fund‘s Investor Shares has varied from one calendar year to another over the periods shown. The table shows how the average annual total returns of the share classes presented compare with those of relevant market indexes, which have investment characteristics similar to those of the Fund. | ||||
Performance Availability Phone [Text] | rr_PerformanceAvailabilityPhone | 800-662-7447 | ||||
Performance Availability Website Address [Text] | rr_PerformanceAvailabilityWebSiteAddress | vanguard.com/performance | ||||
Performance Past Does Not Indicate Future [Text] | rr_PerformancePastDoesNotIndicateFuture | Keep in mind that the Fund’s past performance (before and after taxes) does not indicate how the Fund will perform in the future. | ||||
Bar Chart [Heading] | rr_BarChartHeading | Annual Total Returns — Vanguard Windsor II Fund Investor Shares | ||||
Bar Chart Closing [Text Block] | rr_BarChartClosingTextBlock | During the periods shown in the bar chart, the highest return for a calendar quarter was 17.78% (quarter ended June 30, 2009), and the lowest return for a quarter was –14.84% (quarter ended September 30, 2011). | ||||
Performance Table Heading | rr_PerformanceTableHeading | Average Annual Total Returns for Periods Ended December 31, 2018 | ||||
Performance Table Uses Highest Federal Rate | rr_PerformanceTableUsesHighestFederalRate | When after-tax returns are calculated, it is assumed that the shareholder was in the highest individual federal marginal income tax bracket at the time of each distribution of income or capital gains or upon redemption. State and local income taxes are not reflected in the calculations. | ||||
Performance Table Not Relevant to Tax Deferred | rr_PerformanceTableNotRelevantToTaxDeferred | After-tax returns are not relevant for a shareholder who holds fund shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan. | ||||
Performance Table One Class of after Tax Shown [Text] | rr_PerformanceTableOneClassOfAfterTaxShown | Please note that after-tax returns are shown only for the Investor Shares and may differ for each share class. | ||||
Performance Table Explanation after Tax Higher | rr_PerformanceTableExplanationAfterTaxHigher | Also, figures captioned Return After Taxes on Distributions and Sale of Fund Shares may be higher than other figures for the same period if a capital loss occurs upon redemption and results in an assumed tax deduction for the shareholder. | ||||
Performance Table Narrative | rr_PerformanceTableNarrativeTextBlock | Actual after-tax returns depend on your tax situation and may differ from those shown in the preceding table. When after-tax returns are calculated, it is assumed that the shareholder was in the highest individual federal marginal income tax bracket at the time of each distribution of income or capital gains or upon redemption. State and local income taxes are not reflected in the calculations. Please note that after-tax returns are shown only for the Investor Shares and may differ for each share class. After-tax returns are not relevant for a shareholder who holds fund shares in a tax-deferred account, such as an individual retirement account or a 401(k) plan. Also, figures captioned Return After Taxes on Distributions and Sale of Fund Shares may be higher than other figures for the same period if a capital loss occurs upon redemption and results in an assumed tax deduction for the shareholder. | ||||
Retail | Vanguard Windsor II Fund | Investor Shares | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Purchase Fee | rr_MaximumCumulativeSalesChargeOverOther | none | ||||
Sales Charge (Load) Imposed on Purchases | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Sales Charge (Load) Imposed on Reinvested Dividends | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||
Redemption Fee | rr_RedemptionFeeOverRedemption | none | ||||
Account Service Fee (for certain fund account balances below $10,000) | rr_MaximumAccountFee | $ 20 | [1] | |||
Management Fees | rr_ManagementFeesOverAssets | 0.31% | ||||
12b-1 Distribution Fee | rr_DistributionAndService12b1FeesOverAssets | none | ||||
Other Expenses | rr_OtherExpensesOverAssets | 0.02% | ||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.33% | ||||
1 Year | rr_ExpenseExampleYear01 | $ 34 | ||||
3 Years | rr_ExpenseExampleYear03 | 106 | ||||
5 Years | rr_ExpenseExampleYear05 | 185 | ||||
10 Years | rr_ExpenseExampleYear10 | 418 | ||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 34 | ||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 106 | ||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 185 | ||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | $ 418 | ||||
2009 | rr_AnnualReturn2009 | 27.05% | ||||
2010 | rr_AnnualReturn2010 | 10.62% | ||||
2011 | rr_AnnualReturn2011 | 2.70% | ||||
2012 | rr_AnnualReturn2012 | 16.72% | ||||
2013 | rr_AnnualReturn2013 | 30.69% | ||||
2014 | rr_AnnualReturn2014 | 11.16% | ||||
2015 | rr_AnnualReturn2015 | (3.22%) | ||||
2016 | rr_AnnualReturn2016 | 13.41% | ||||
2017 | rr_AnnualReturn2017 | 16.78% | ||||
2018 | rr_AnnualReturn2018 | (8.58%) | ||||
Highest Quarterly Return, Label | rr_HighestQuarterlyReturnLabel | highest return | ||||
Highest Quarterly Return, Date | rr_BarChartHighestQuarterlyReturnDate | Jun. 30, 2009 | ||||
Highest Quarterly Return | rr_BarChartHighestQuarterlyReturn | 17.78% | ||||
Lowest Quarterly Return, Label | rr_LowestQuarterlyReturnLabel | lowest return | ||||
Lowest Quarterly Return, Date | rr_BarChartLowestQuarterlyReturnDate | Sep. 30, 2011 | ||||
Lowest Quarterly Return | rr_BarChartLowestQuarterlyReturn | (14.84%) | ||||
1 Year | rr_AverageAnnualReturnYear01 | (8.58%) | ||||
5 Years | rr_AverageAnnualReturnYear05 | 5.43% | ||||
10 Years | rr_AverageAnnualReturnYear10 | 11.11% | ||||
Retail | Vanguard Windsor II Fund | Admiral Shares | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
Purchase Fee | rr_MaximumCumulativeSalesChargeOverOther | none | ||||
Sales Charge (Load) Imposed on Purchases | rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice | none | ||||
Sales Charge (Load) Imposed on Reinvested Dividends | rr_MaximumSalesChargeOnReinvestedDividendsAndDistributionsOverOther | none | ||||
Redemption Fee | rr_RedemptionFeeOverRedemption | none | ||||
Account Service Fee (for certain fund account balances below $10,000) | rr_MaximumAccountFee | $ 20 | [1] | |||
Management Fees | rr_ManagementFeesOverAssets | 0.24% | ||||
12b-1 Distribution Fee | rr_DistributionAndService12b1FeesOverAssets | none | ||||
Other Expenses | rr_OtherExpensesOverAssets | 0.01% | ||||
Total Annual Fund Operating Expenses | rr_ExpensesOverAssets | 0.25% | ||||
1 Year | rr_ExpenseExampleYear01 | $ 26 | ||||
3 Years | rr_ExpenseExampleYear03 | 80 | ||||
5 Years | rr_ExpenseExampleYear05 | 141 | ||||
10 Years | rr_ExpenseExampleYear10 | 318 | ||||
1 Year | rr_ExpenseExampleNoRedemptionYear01 | 26 | ||||
3 Years | rr_ExpenseExampleNoRedemptionYear03 | 80 | ||||
5 Years | rr_ExpenseExampleNoRedemptionYear05 | 141 | ||||
10 Years | rr_ExpenseExampleNoRedemptionYear10 | $ 318 | ||||
1 Year | rr_AverageAnnualReturnYear01 | (8.53%) | ||||
5 Years | rr_AverageAnnualReturnYear05 | 5.51% | ||||
10 Years | rr_AverageAnnualReturnYear10 | 11.20% | ||||
Retail | Vanguard Windsor II Fund | Return After Taxes on Distributions | Investor Shares | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
1 Year | rr_AverageAnnualReturnYear01 | (10.82%) | ||||
5 Years | rr_AverageAnnualReturnYear05 | 3.28% | ||||
10 Years | rr_AverageAnnualReturnYear10 | 9.71% | ||||
Retail | Vanguard Windsor II Fund | Return After Taxes on Distributions and Sale of Fund Shares | Investor Shares | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
1 Year | rr_AverageAnnualReturnYear01 | (3.50%) | ||||
5 Years | rr_AverageAnnualReturnYear05 | 4.09% | ||||
10 Years | rr_AverageAnnualReturnYear10 | 9.12% | ||||
Retail | Vanguard Windsor II Fund | Russell 1000 Value Index | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
1 Year | rr_AverageAnnualReturnYear01 | (8.27%) | [2] | |||
5 Years | rr_AverageAnnualReturnYear05 | 5.95% | [2] | |||
10 Years | rr_AverageAnnualReturnYear10 | 11.18% | [2] | |||
Retail | Vanguard Windsor II Fund | Standard & Poor's 500 Index | ||||||
Risk/Return: | rr_RiskReturnAbstract | |||||
1 Year | rr_AverageAnnualReturnYear01 | (4.38%) | [2] | |||
5 Years | rr_AverageAnnualReturnYear05 | 8.49% | [2] | |||
10 Years | rr_AverageAnnualReturnYear10 | 13.12% | [2] | |||
|
Label | Element | Value |
---|---|---|
Risk/Return: | rr_RiskReturnAbstract | |
Registrant Name | dei_EntityRegistrantName | VANGUARD WINDSOR FUNDS |
Prospectus Date | rr_ProspectusDate | Feb. 27, 2019 |
Document Creation Date | dei_DocumentCreationDate | Feb. 27, 2019 |
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