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VWEHX Vanguard High-Yield Corporate Inv

  • Fund
  • VWEHX
  • Price as of: Jun 22, 2018
  • $5.74
  • - $0.00
  • - 0.00%
  • Category
  • High Yield Bonds

VWEHX - Profile

Vitals

  • YTD Return -3.0%
  • 3 Yr Annualized Return 3.9%
  • 5 Yr Annualized Return 4.3%
  • Net Assets $23.5 B
  • Holdings in Top 10 8.7%

52 WEEK LOW AND HIGH

$5.74
$5.70
$5.99

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.23%

SALES FEES

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

BROKERAGE FEES

  • Turnover 27.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

$3,000

Investment Themes

CATEGORY

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

Distributions

  • YTD Total Return -3.0%
  • 3 Yr Annualized Total Return 3.9%
  • 5 Yr Annualized Total Return 4.3%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 5.20%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Vanguard High Yield Corporate Fund
  • Fund Family Name Vanguard
  • Inception Date Dec 27, 1978
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Michael L. Hong

Fund Description

The Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) is a low-cost, actively managed bond fund that seeks to provide a high level of current income. VWEHX invests in high-yield or junk bonds. These are bonds made to firms with less-than-stellar 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, VWEHX makes a great core choice for investors looking to add to their income portfolios. The fund is managed by Wellington Management Company LLP.

VWEHX - Performance

Return Ranking - Trailing

Period VWEHX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.0% -100.0% 10775.8% 61.28% 5
1 Yr 0.9% -100.0% 20.4% 74.07% 4
3 Yr 3.9% * -100.0% 9.8% 32.63% 2
5 Yr 4.3% * -100.0% 11.6% 31.89% 2
10 Yr 6.6% * -12.4% 12.4% 39.78% 2

* Annualized


Return Ranking - Calendar

Period VWEHX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.5% -72.4% 28.5% 29.57% 2
2016 5.2% -23.4% 332.1% 47.79% 4
2015 -7.2% -34.3% 1.0% 23.90% 2
2014 -1.0% -21.7% 31.6% 13.03% 1
2013 -1.3% -16.9% 22.2% 52.92% 4

Total Return Ranking - Trailing

Period VWEHX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD -3.0% -100.0% 10775.8% 61.37% 5
1 Yr 0.9% -100.0% 20.4% 55.40% 3
3 Yr 3.9% * -100.0% 9.8% 26.98% 2
5 Yr 4.3% * -100.0% 11.6% 28.25% 2
10 Yr 6.6% * -12.4% 12.4% 37.17% 2

* Annualized


Total Return Ranking - Calendar

Period VWEHX Return Category Return Low Category Return High Rank in Category (%) Quintile
2017 1.5% -72.4% 28.5% 29.82% 2
2016 5.2% -13.3% 332.1% 55.32% 4
2015 -6.7% -30.4% 9.9% 41.08% 3
2014 -1.0% -18.4% 55.9% 38.38% 3
2013 -1.3% -16.9% 39.9% 69.84% 5

NAV & Total Return History

VWEHX - Holdings

Filings data as of: Mar 31, 2018

Concentration Analysis

VWEHX Category Low Category High VWEHX % Rank Quintile
Net Assets 23.5 B 660 K 23.5 B 0.15% 1
Number of Holdings 487 1 1548 6.13% 1
Net Assets in Top 10 2.06 B -32.2 M 3.39 B 0.46% 1
Weighting of Top 10 8.7% 0.0% 151.4% 26.23% 4

Top 10 Holdings

  1. United States Treasury Notes 0.75% 1.05%
  2. United States Treasury Notes 0.88% 1.05%
  3. United States Treasury Notes 1.12% 1.05%
  4. First Data Corporation 7% 0.80%
  5. Univision Commmunications Inc. 5.12% 0.79%
  6. Navient Corporation 6.75% 0.71%
  7. Navient Corporation 6.5% 0.67%
  8. Sprint Corporation 7.88% 1.29%
  9. DISH DBS Corporation 6.75% 0.65%
  10. Caesars Resort Collection LLC/CRC Finco Inc 5.25% 0.65%

Asset Allocation

Weighting Category Low Category High VWEHX % Rank Quintile
Bonds
91.29% -13.09% 107.80% 19.94% 4
Cash
4.00% -11.47% 113.09% 15.18% 2
Convertible Bonds
2.16% 0.00% 22.32% 5.37% 1
Other
2.03% -19.81% 38.60% 8.13% 2
Preferred Stocks
0.52% 0.00% 13.07% 10.43% 2
Stocks
0.00% 0.00% 99.15% 17.79% 5

Bond Sector Breakdown

Weighting Category Low Category High VWEHX % Rank Quintile
Corporate
90.82% 0.00% 105.17% 18.25% 4
Cash & Equivalents
4.00% -7.60% 100.00% 14.57% 2
Government
3.15% -10.58% 70.92% 4.75% 1
Derivative
0.00% -19.62% 13.09% 5.06% 5
Securitized
0.00% 0.00% 58.69% 15.34% 5
Municipal
0.00% 0.00% 100.00% 3.37% 5

Bond Geographic Breakdown

Weighting Category Low Category High VWEHX % Rank Quintile
US
78.34% -13.09% 100.00% 15.80% 3
Non US
12.95% -0.13% 50.23% 20.40% 3

VWEHX - Expenses

Operational Fees

VWEHX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.23% 0.00% 5.43% 29.34% 1
Management Fee 0.20% 0.00% 1.00% 7.98% 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

VWEHX Fees (% of AUM) Category Low Category High VWEHX 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

VWEHX Fees (% of AUM) Category Low Category High VWEHX 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.

VWEHX Fees (% of AUM) Category Low Category High VWEHX Rank Quintile
Turnover 27.00% 6.98% 1517.00% 17.51% 1

VWEHX - Distributions

Dividend Yield Analysis

VWEHX Category Low Category High VWEHX % Rank Quintile
Dividend Yield 0.3% 0.00% 6.16% 41.82% 4

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VWEHX Category Low Category High VWEHX % Rank Quintile
Net Income Ratio 5.20% -2.30% 8.71% 19.51% 3

Capital Gain Distribution Analysis

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

VWEHX - Managers

Michael L. Hong

Manager

Start Date

Feb 14, 2008

Tenure

10.3

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

58.0

Category Average

6.87

Category Mode

0.1