<SEC-DOCUMENT>0000932471-17-000169-index.html : 20170126
<SEC-HEADER>0000932471-17-000169.hdr.sgml : 20170126
<ACCEPTANCE-DATETIME>20170126095609
ACCESSION NUMBER:		0000932471-17-000169
CONFORMED SUBMISSION TYPE:	497K
PUBLIC DOCUMENT COUNT:		3
FILED AS OF DATE:		20170126
DATE AS OF CHANGE:		20170126
EFFECTIVENESS DATE:		20170126

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			VANGUARD FENWAY FUNDS
		CENTRAL INDEX KEY:			0000826473
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			0930

	FILING VALUES:
		FORM TYPE:		497K
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	033-19446
		FILM NUMBER:		17548317

	BUSINESS ADDRESS:	
		STREET 1:		P.O. BOX 2600
		STREET 2:		V26
		CITY:			VALLEY FORGE
		STATE:			PA
		ZIP:			19482
		BUSINESS PHONE:		6106691000

	MAIL ADDRESS:	
		STREET 1:		P.O. BOX 2600
		STREET 2:		V26
		CITY:			VALLEY FORGE
		STATE:			PA
		ZIP:			19482

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	VANGUARD EQUITY INCOME FUND INC
		DATE OF NAME CHANGE:	19920703
<SERIES-AND-CLASSES-CONTRACTS-DATA>
<EXISTING-SERIES-AND-CLASSES-CONTRACTS>
<SERIES>
<OWNER-CIK>0000826473
<SERIES-ID>S000002579
<SERIES-NAME>Vanguard Equity Income Fund
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000007083
<CLASS-CONTRACT-NAME>Investor Shares
<CLASS-CONTRACT-TICKER-SYMBOL>VEIPX
</CLASS-CONTRACT>
<CLASS-CONTRACT>
<CLASS-CONTRACT-ID>C000007084
<CLASS-CONTRACT-NAME>Admiral Shares
<CLASS-CONTRACT-TICKER-SYMBOL>VEIRX
</CLASS-CONTRACT>
</SERIES>
</EXISTING-SERIES-AND-CLASSES-CONTRACTS>
</SERIES-AND-CLASSES-CONTRACTS-DATA>
</SEC-HEADER>
<DOCUMENT>
<TYPE>497K
<SEQUENCE>1
<FILENAME>sp65012017.htm
<DESCRIPTION>EQUITY INCOME FUND 497K
<TEXT>
Document 1 - file: sp65012017.htm

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>3
<FILENAME>sp65012017x1x1.jpg
<TEXT>
Document 3 - file: sp65012017x1x1.jpg

</DOCUMENT>
<DOCUMENT>
<TYPE>GRAPHIC
<SEQUENCE>4
<FILENAME>sp65012017x5x1.jpg
<TEXT>
Document 4 - file: sp65012017x5x1.jpg

</DOCUMENT>
</SEC-DOCUMENT>