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VWEAX Vanguard High-Yield Corporate Adm

  • Fund
  • VWEAX
  • Price as of: Sep 22, 2017
  • $5.98
  • - $0.00
  • - 0.00%
  • Category
  • High Yield Bonds

VWEAX - Profile

Vitals

  • YTD Return 2.6%
  • 3 Yr Annualized Return 5.0%
  • 5 Yr Annualized Return 5.9%
  • Net Assets $24.4 B
  • Holdings in Top 10 8.8%

52 WEEK LOW AND HIGH

$5.98
$5.74
$5.99

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.13%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 26.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$50,000

IRA

$50,000

Investment Themes

CATEGORY

High Yield Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return 5.0%
  • 5 Yr Annualized Total Return 5.9%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 5.58%
DIVIDENDS
  • Dividend Yield 0.4%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Vanguard High Yield Corporate Fund
  • Fund Family Name Vanguard
  • Inception Date Nov 12, 2001
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Michael L. Hong

Fund Description

The Vanguard High-Yield Corporate Fund Admiral Shares (VWEAX) is a low-cost, actively managed bond fund that seeks to provide a high level of current income. VWEAX invests in high-yield or junk bonds. These are bonds from firms with less-than-ideal credit ratings. As such, they pay a higher coupon. The fund uses rigorous credit management and research in order to find undervalued bonds that support its mandate.

As a low-cost option, VWEAX makes a great core choice for investors looking to beef up their income portfolios. The fund is managed by Wellington Management Company LLP.

VWEAX - Performance

Return Ranking - Trailing

Period VWEAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.6% -58.4% 10775.8% 18.82% 2
1 Yr 7.7% -30.5% 26.1% 39.04% 2
3 Yr 5.0% * -13.1% 8.7% 5.67% 1
5 Yr 5.9% * -11.0% 13.6% 24.59% 2
10 Yr 7.0% * -12.6% 12.4% 26.49% 2

* Annualized


Return Ranking - Calendar

Period VWEAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 5.2% -14.1% 332.1% 51.04% 4
2015 -7.2% -34.3% 1.0% 18.82% 2
2014 -1.0% -21.7% 10.4% 6.41% 1
2013 -1.3% -16.9% 31.6% 52.21% 4
2012 7.4% -18.5% 17.6% 33.62% 3

Total Return Ranking - Trailing

Period VWEAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.6% -58.4% 10775.8% 18.85% 2
1 Yr 7.7% -30.5% 26.1% 28.86% 2
3 Yr 5.0% * -13.1% 8.7% 4.86% 1
5 Yr 5.9% * -11.0% 13.6% 20.77% 2
10 Yr 7.0% * -12.6% 12.4% 24.50% 2

* Annualized


Total Return Ranking - Calendar

Period VWEAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 5.2% -14.1% 332.1% 59.20% 5
2015 -6.7% -30.4% 4.6% 37.32% 3
2014 -1.0% -18.4% 10.4% 36.05% 3
2013 -1.3% -16.9% 55.9% 68.91% 5
2012 7.4% -18.5% 33.1% 58.79% 4

NAV & Total Return History

VWEAX - Holdings

Filings data as of: Jun 30, 2017

Concentration Analysis

VWEAX Category Low Category High VWEAX % Rank Quintile
Net Assets 24.4 B 768 K 24.4 B 0.15% 1
Number of Holdings 517 1 1463 5.67% 1
Net Assets in Top 10 2.06 B -32.2 M 2.66 B 0.46% 1
Weighting of Top 10 8.8% 0.0% 100.0% 25.31% 4

Top 10 Holdings

  1. US Treasury Note 1% 1.09%
  2. US Treasury Note 0.75% 1.06%
  3. US Treasury Note 0.625% 1.00%
  4. Univision Comms 144A 5.125% 0.84%
  5. First Data 144A 7% 0.83%
  6. Dish Dbs 6.75% 0.72%
  7. Bldg Matls Corp Amer 144A 6% 0.63%
  8. Sprint 7.875% 1.35%
  9. Chs / Cmnty Health Sys 6.875% 0.64%
  10. Sprint Cap 6.875% 0.62%

Asset Allocation

Weighting Category Low Category High VWEAX % Rank Quintile
Bonds
93.37% -16.96% 107.80% 10.43% 2
Cash
3.06% -11.47% 116.96% 20.40% 4
Other
1.46% -6.16% 38.60% 16.41% 3
Preferred Stocks
0.84% 0.00% 21.64% 6.90% 1
Convertible Bonds
0.68% 0.00% 18.92% 9.36% 2
Stocks
0.59% -0.01% 97.38% 11.66% 2

Stock Sector Breakdown

Weighting Category Low Category High VWEAX % Rank Quintile
Utilities
0.00% -0.07% 3.16% N/A N/A
Technology
0.00% -0.42% 27.31% N/A N/A
Real Estate
0.00% 0.00% 11.28% N/A N/A
Industrials
0.00% -0.09% 12.45% N/A N/A
Healthcare
0.00% 0.00% 17.03% N/A N/A
Financial Services
0.00% 0.00% 19.54% N/A N/A
Energy
0.00% -0.14% 9.63% N/A N/A
Communication Services
0.00% -0.08% 4.06% N/A N/A
Consumer Defense
0.00% -0.10% 6.19% N/A N/A
Consumer Cyclical
0.00% 0.00% 13.97% N/A N/A
Basic Materials
0.00% 0.00% 4.07% N/A N/A

Stock Geographic Breakdown

Weighting Category Low Category High VWEAX % Rank Quintile
US
0.59% -0.01% 79.34% 10.89% 2
Non US
0.00% -0.02% 53.64% 7.21% 2

Bond Sector Breakdown

Weighting Category Low Category High VWEAX % Rank Quintile
Corporate
91.35% 0.00% 101.98% 13.04% 3
Government
3.15% -6.62% 68.99% 4.45% 1
Cash & Equivalents
3.06% -7.60% 100.00% 20.09% 4
Securitized
0.11% 0.00% 58.87% 14.42% 3
Derivative
0.00% -19.62% 16.96% 3.68% 1
Municipal
0.00% 0.00% 99.39% 4.60% 1

Bond Geographic Breakdown

Weighting Category Low Category High VWEAX % Rank Quintile
US
76.27% -16.96% 100.00% 11.04% 2
Non US
17.10% 0.00% 48.59% 17.64% 3

VWEAX - Expenses

Operational Fees

VWEAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.13% 0.00% 5.24% 28.88% 1
Management Fee 0.12% 0.00% 1.00% 7.67% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.45% N/A N/A

Sales Fees

VWEAX Fees (% of AUM) Category Low Category High VWEAX Rank Quintile
Front Load N/A 2.00% 5.75% N/A N/A
Deferred Load N/A 0.75% 5.50% N/A N/A

Trading Fees

VWEAX Fees (% of AUM) Category Low Category High VWEAX Rank Quintile
Max Redemption Fee N/A 1.00% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VWEAX Fees (% of AUM) Category Low Category High VWEAX Rank Quintile
Turnover 26.00% 3.52% 1851.00% 18.13% 1

VWEAX - Distributions

Dividend Yield Analysis

VWEAX Category Low Category High VWEAX % Rank Quintile
Dividend Yield 0.4% 0.00% 6.16% 39.02% 3

Dividend Distribution Analysis

VWEAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

VWEAX Category Low Category High VWEAX % Rank Quintile
Net Income Ratio 5.58% -2.63% 12.36% 16.74% 2

Capital Gain Distribution Analysis

VWEAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Quarterly Annually

VWEAX - Managers

Michael L. Hong

Manager

Start Date

Feb 14, 2008

Tenure

9.55

Tenure Rank

5.5%

Michael L. Hong, CFA, Managing Director and Fixed Income Portfolio Manager of Wellington Management. He has worked in investment management with Wellington Management since 1997. Education: A.B., Harvard College.


Tenure Analysis

Category Low

0.0

Category High

57.3

Category Average

6.77

Category Mode

2.7