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VWETX Vanguard Long-Term Investment-Grade Adm

  • Fund
  • VWETX
  • Price as of: Dec 05, 2016
  • $10.13
  • + $0.01
  • + 0.10%
  • Category
  • Corporate Bonds

VWETX - Profile

Vitals

  • YTD Return 2.3%
  • 3 Yr Annualized Return 8.9%
  • 5 Yr Annualized Return 6.6%
  • Net Assets $15.2 B
  • Holdings in Top 10 11.1%

52 WEEK LOW AND HIGH

$10.13
$9.86
$11.29

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.12%

SALES FEES

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

BROKERAGE FEES

  • Turnover 35.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$50,000

IRA

N/A

Investment Themes

CATEGORY

Corporate Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Corporate Bond

Distributions

  • YTD Total Return 2.6%
  • 3 Yr Annualized Total Return 8.9%
  • 5 Yr Annualized Total Return 6.6%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 4.27%
DIVIDENDS
  • Dividend Yield 0.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Vanguard Long Term Investment Grade Fund
  • Fund Family Name Vanguard
  • Inception Date Feb 12, 2001
  • Shares Outstanding N/A
  • Share Class Other
  • Currency USD
  • Domiciled Country United States
  • Manager Scott I. St. John

Fund Description

The fund invests in a variety of high-quality and, to a lesser extent, medium-quality fixed income securities, at least 80% of which will be intermediate- and long-term investment-grade securities. High-quality fixed income securities are those rated the equivalent of A3 or better; medium-quality fixed income securities are those rated the equivalent of Baa1, Baa2, or Baa3. The fund's dollar-weighted average maturity is expected to fall within a range that is five years shorter than or five years longer than that of its benchmark index.

VWETX - Performance

Return Ranking - Trailing

Period VWETX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.3% -70.8% 362.6% 40.68% 3
1 Yr 11.6% -4.1% 15.5% 3.83% 1
3 Yr 8.9% * -4.1% 9.2% 1.20% 1
5 Yr 6.6% * 0.1% 8.4% 6.45% 1
10 Yr 7.5% * 2.4% 8.9% 6.43% 1

* Annualized


Return Ranking - Calendar

Period VWETX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -7.9% -18.3% 0.0% 64.37% 5
2014 11.4% -10.0% 12.3% 2.39% 1
2013 -11.1% -24.8% 5.0% 67.42% 5
2012 5.4% -5.4% 10.0% 36.46% 3
2011 10.2% -7.1% 11.6% 3.28% 1

Total Return Ranking - Trailing

Period VWETX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 2.6% -70.8% 396.1% 47.91% 3
1 Yr 11.6% -5.7% 17.6% 3.83% 1
3 Yr 8.9% * -4.1% 9.2% 1.20% 1
5 Yr 6.6% * 0.1% 8.4% 5.53% 1
10 Yr 7.5% * 2.2% 8.9% 6.43% 1

* Annualized


Total Return Ranking - Calendar

Period VWETX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -6.4% -12.2% 4.0% 67.56% 5
2014 13.5% -8.0% 27.7% 2.39% 1
2013 -10.6% -11.2% 9.2% 74.66% 5
2012 7.0% -5.4% 37.6% 51.04% 4
2011 11.9% -5.0% 57.1% 6.56% 1

NAV & Total Return History

VWETX - Holdings

Filings data as of: Sep 30, 2016

Concentration Analysis

VWETX Category Low Category High VWETX % Rank Quintile
Net Assets 15.2 B 6.64 M 28.3 B 1.14% 1
Number of Holdings 781 4 2199 3.42% 1
Net Assets in Top 10 1.71 B -2.9 M 3.33 B 1.14% 1
Weighting of Top 10 11.1% 3.1% 324.1% 30.04% 4

Top 10 Holdings

  1. US Treasury Bond 4.5% 1.35%
  2. Wells Fargo & Co New 5.606% 1.22%
  3. California St Go Bds 7.3% 1.04%
  4. California St Go Bds 7.6% 0.73%
  5. Jpmorgan Chase 6.4% 0.80%
  6. Wal-Mart Stores 6.2% 0.77%
  7. Anheuser Busch Inbev Fin 4.9% 1.66%
  8. Anheuser Busch Inbev Fin 4.7% 0.80%
  9. Ge Cap Intl Fdg 4.418% 1.98%
  10. Wal-Mart Stores 5.625% 0.72%

Asset Allocation

Weighting Category Low Category High VWETX % Rank Quintile
Bonds
94.89% 44.25% 158.08% 17.11% 3
Cash
5.09% -59.36% 54.96% 13.69% 3
Preferred Stocks
0.01% 0.00% 34.98% 18.63% 3
Other
0.00% -26.34% 26.68% 17.11% 4
Convertible Bonds
0.00% 0.00% 29.21% 15.97% 3
Stocks
0.00% -4.31% 17.48% 9.51% 2

Bond Sector Breakdown

Weighting Category Low Category High VWETX % Rank Quintile
Corporate
75.57% 4.19% 101.76% 22.43% 4
Government
11.29% -13.09% 43.38% 6.08% 1
Municipal
7.73% 0.00% 14.53% 0.76% 1
Cash & Equivalents
5.09% -60.18% 54.96% 13.31% 2
Securitized
0.32% 0.00% 111.07% 25.86% 4
Derivative
0.00% -22.49% 2.28% 2.28% 1

Bond Geographic Breakdown

Weighting Category Low Category High VWETX % Rank Quintile
US
85.83% 0.00% 144.58% 9.13% 1
Non US
9.06% -40.06% 69.37% 27.38% 5

VWETX - Expenses

Operational Fees

VWETX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.12% 0.00% 4.40% 50.19% 1
Management Fee 0.10% 0.00% 1.70% 12.55% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.01% 0.40% N/A N/A

Sales Fees

VWETX Fees (% of AUM) Category Low Category High VWETX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.00% 5.50% N/A N/A

Trading Fees

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

VWETX Fees (% of AUM) Category Low Category High VWETX Rank Quintile
Turnover 35.00% 0.00% 1789.00% 24.71% 1

VWETX - Distributions

Dividend Yield Analysis

VWETX Category Low Category High VWETX % Rank Quintile
Dividend Yield 0.5% 0.05% 2.25% 14.29% 1

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VWETX Category Low Category High VWETX % Rank Quintile
Net Income Ratio 4.27% 0.08% 5.89% 10.27% 1

Capital Gain Distribution Analysis

VWETX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Monthly Annually

VWETX - Managers

Scott I. St. John

Manager

Start Date

May 28, 2014

Tenure

2.43

Tenure Rank

14.7%

Scott I. St. John, CFA, Senior Vice President, Partner, and Fixed Income Portfolio Manager, is involved in portfolio management and securities analysis .Scott is a US corporate bond portfolio manager and chair of the US Corporate Bond Strategy Group. Prior to joining Wellington Management in 2003, Scott worked as a fixed income analyst at State Street Research (2001 — 2003). Before that, he was a fixed income analyst at Eaton Vance Management (1995 — 2001) and a commercial loan officer for the Bank of Boston (1994 — 1995). Scott earned his MBA from the University of Rochester (1994) and his BS in business management from Cornell University (1990). Scott also holds the Chartered Financial Analyst designation and is a member of the CFA Institute.


Gregory S. Nassour

Manager

Start Date

Dec 09, 2013

Tenure

2.9

Tenure Rank

14.0%

Nassour, CFA, is a principal of Vanguard. He has been with Vanguard since 1992 and has worked in investment management since 1994, has managed investment portfolios since 2001, Nassour holds the Charted Financial Analyst designation. Education: B.S., West Chester University; M.B.A., Saint Joseph’s University.


Tenure Analysis

Category Low

0.0

Category High

24.7

Category Average

5.31

Category Mode

4.8