VNSTX — Vaughan Nelson Select Fund
Data updated: 2026-07-29
VNSTX — Vaughan Nelson Select Fund. United States Large Cap Blend / Core Equity · $578.39M AUM. Holdings, fees, performance and SEC filings.
VNSTX Fund Overview
VNSTX — Vaughan Nelson Select Fund is a US mutual fund managed by Natixis Funds Trust II, categorised as United States Large Cap Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Natixis Funds Trust II
- Category: United States Large Cap Blend / Core Equity
- Assets under management: $578.39M
- Ticker: VNSTX
- SEC CIK: 0000052136
- SEC series ID: S000037523
- Share class ID: C000188121
VNSTX Investment Objective and Strategy
Vaughan Nelson Select Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Natixis Funds Trust II.
Investment objective
The Fund seeks long-term capital appreciation.
Principal investment strategy
The Fund, under normal market conditions, will invest primarily in equity securities, including common stocks, preferred stocks, limited partnership interests, interests in limited liability companies, real estate investment trusts (REITs) or other trusts and similar securities. The Fund is non-diversified, which means that it may invest a greater percentage of its assets in a particular issuer and may invest in fewer issuers than a diversified fund. Typically, the Funds portfolio will hold 20 to 40 securities. The Fund may invest in companies with any market capitalization, although, it will typically focus its investments in mid- to large-capitalization companies. While the Fund typically invests in equity securities, it may also invest in debt securities, including below investment grade fixed-income securities (commonly known as junk bonds).
A fixed-income security is considered below investment grade quality when none of the three major rating agencies (Moodys Investors Service, Inc., Fitch Ratings, Inc. or S&P Global Ratings) have rated the securities in one of their top four ratings categories. Vaughan Nelson Investment Management, L.P. (Vaughan Nelson) invests in companies of all market capitalizations with a focus on those companies meeting Vaughan Nelsons return expectations. Vaughan Nelson uses a bottom-up value oriented investment process in constructing the Funds portfolio. Vaughan Nelson seeks companies with the following characteristics, although not all of the companies selected will have these attributes: Companies earning a positive return on capital with stable-to-improving returns. Companies valued at discount to their asset value.
Companies with an attractive and sustainable dividend level. In selecting investments for the Fund, Vaughan Nelson generally employs the following strategies: Vaughan Nelson employs a value-driven investment philosophy that selects securities selling at a relatively low value based on discounted cash flow models. Vaughan Nelson selects companies that it believes are out-of-favor or misunderstood. Vaughan Nelson starts with the entire U.S. exchange-traded equity investment universe. Vaughan Nelson then narrows the investment universe by using fundamental analysis to construct a portfolio of 20 to 40 securities. Vaughan Nelson uses fundamental analysis to construct a portfolio that, in the opinion of Vaughan Nelson, is made up of quality companies with the potential to provide significant increases in share price over a three year period.
Vaughan Nelson will also employ its value driven investment philosophy to identify out-of-favor or misunderstood debt securities. Vaughan Nelson will generally sell a security when it reaches Vaughan Nelsons price target or when the issuer shows a change in financial condition, competitive pressures, poor management decisions or internal or external forces reducing future expected returns from the investment thesis. The Fund also may: Invest in convertible preferred stock and convertible debt securities. Invest in publicly traded master limited partnerships. Invest in foreign securities, including emerging market securities, traded in U.S. markets directly or through depositary receipt programs such as American Depositary Receipts (ADRs) and Global Depositary Receipts (GDRs). Invest in REITs.
Invest in securities offered in initial public offerings (IPOs), securities issued pursuant to Rule 144A under the Securities Act of 1933 (Rule 144A securities) and other privately placed investments such as private equity investments.
VNSTX Holdings
Top 10 holdings of Vaughan Nelson Select Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| NVIDIA Corp | 8.57% |
| Alphabet Inc | 7.34% |
| Taiwan Semiconductor Manufacturing Co Ltd | 6.65% |
| Eli Lilly & Co | 6.37% |
| Apple Inc | 5.46% |
| Exxon Mobil Corp | 4.88% |
| Amazon.com Inc | 4.52% |
| Cummins Inc | 4.00% |
| Eaton Corp PLC | 3.77% |
| Monolithic Power Systems Inc | 3.77% |
VNSTX Portfolio Allocation
Asset-class allocation of Vaughan Nelson Select Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 97.2% |
| Cash & Equivalents | 2.8% |
VNSTX Performance
Total returns for VNSTX (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 8.5% |
| 1 year | 24.0% |
| 3 years (annualised) | 13.7% |
| 5 years (annualised) | 10.6% |
VNSTX Risk Information
Risk metrics for VNSTX, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 15.1%
VNSTX Costs and Fees
VNSTX costs about $110 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.10%
- Gross expense ratio: 1.13%
- Portfolio turnover: 64%
- Brokerage commissions: 3.37 bps of average net assets (SEC N-CEN)
VNSTX Cashflows
Over the 12 months to 2026-05, Vaughan Nelson Select Fund had net outflows of $48.77M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-05 | −$4.87M |
| 2026-04 | −$3.49M |
| 2026-03 | $8.59M |
| 2026-02 | $510.41K |
| 2026-01 | −$8.20M |
| 2025-12 | $33.27M |
VNSTX Debt Constituents
No individual debt constituents are reported in Vaughan Nelson Select Fund's latest SEC N-PORT filing.
VNSTX Prospectus and SEC Filings
Official Vaughan Nelson Select Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-03-28
- Prospectus (485BPOS) — filed 2024-03-28
- Prospectus supplement (497) — filed 2026-04-06
- Portfolio holdings (N-PORT) — filed 2026-07-29
- Portfolio holdings (N-PORT) — filed 2026-04-23
- Portfolio holdings (N-PORT) — filed 2026-01-28
- Annual census (N-CEN) — filed 2026-02-12
- Annual census (N-CEN) — filed 2025-02-11
Related Funds
Other United States Large Cap Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.