The Vanguard Wellesley Income Fund Admiral Shares (VWIAX) is a low-cost, actively managed conservative-allocation fund that seeks to provide high current income, income growth as well as a reasonable amount of capital growth. The fund holds 60-65% of its assets in bonds and 35-40% in stocks, depending on market conditions. VWIAX primarily invests in large stocks of domestic firms that pay dividends and intermediate government and investment-grade corporate bonds. The fund uses risk management to create the best blend of these asset classes to provide steady growth of income.
Offering a blend of both stocks and bonds, VWIAX makes for a great core position for investors. The fund is managed by Wellington Management Company LLP.
| Period | VWIAX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| YTD | 4.6% | -49.2% | 438.9% | 59.06% | 4 |
| 1 Yr | 5.1% | -26.7% | 45.9% | 69.25% | 4 |
| 3 Yr | 5.5% * | -14.0% | 11.8% | 15.61% | 1 |
| 5 Yr | 6.9% * | -12.0% | 15.4% | 46.12% | 3 |
| 10 Yr | 7.0% * | -5.1% | 8.7% | 3.89% | 1 |
* Annualized
| Period | VWIAX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| 2016 | 3.9% | -65.8% | 23.3% | 31.88% | 2 |
| 2015 | -4.1% | -37.7% | 48.7% | 21.90% | 2 |
| 2014 | 2.9% | -59.3% | 22.9% | 16.46% | 1 |
| 2013 | 3.1% | -17.5% | 36.4% | 66.55% | 4 |
| 2012 | 5.1% | -16.2% | 18.4% | 69.38% | 4 |
| Period | VWIAX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| YTD | 4.6% | -49.2% | 438.9% | 59.24% | 4 |
| 1 Yr | 5.1% | -28.0% | 73.2% | 56.51% | 3 |
| 3 Yr | 5.5% * | -15.0% | 28.2% | 12.89% | 1 |
| 5 Yr | 6.9% * | -12.3% | 15.4% | 42.82% | 3 |
| 10 Yr | 7.0% * | -5.1% | 8.7% | 3.81% | 1 |
* Annualized
| Period | VWIAX Return | Category Return Low | Category Return High | Rank in Category (%) | Quintile |
|---|---|---|---|---|---|
| 2016 | 6.2% | -65.6% | 32.0% | 24.59% | 2 |
| 2015 | 1.4% | -29.3% | 50.4% | 5.15% | 1 |
| 2014 | 9.2% | -54.8% | 25.4% | 14.78% | 1 |
| 2013 | 11.3% | -16.7% | 57.2% | 61.98% | 4 |
| 2012 | 13.4% | -16.2% | 74.5% | 53.12% | 3 |
| VWIAX | Category Low | Category High | VWIAX % Rank | Quintile | |
|---|---|---|---|---|---|
| Net Assets | 53.7 B | 81.4 K | 117 B | 0.27% | 1 |
| Number of Holdings | 1184 | 1 | 12720 | 3.02% | 1 |
| Net Assets in Top 10 | 7.14 B | -654 M | 22.2 B | 0.55% | 1 |
| Weighting of Top 10 | 13.5% | 0.2% | 543.0% | 30.24% | 5 |
| Weighting | Category Low | Category High | VWIAX % Rank | Quintile | |
|---|---|---|---|---|---|
| Bonds | 58.11% | -227.91% | 140.92% | 4.34% | 1 |
| Stocks | 38.45% | -2.59% | 141.14% | 22.34% | 4 |
| Cash | 2.79% | -159.39% | 99.77% | 21.73% | 4 |
| Other | 0.65% | -3.89% | 134.34% | 16.10% | 4 |
| Preferred Stocks | 0.00% | -0.07% | 38.07% | 9.29% | 5 |
| Convertible Bonds | 0.00% | 0.00% | 44.15% | 7.69% | 5 |
| Weighting | Category Low | Category High | VWIAX % Rank | Quintile | |
|---|---|---|---|---|---|
| Financial Services | 5.94% | -8.51% | 69.58% | 18.57% | 4 |
| Consumer Defense | 5.69% | -2.25% | 27.69% | 5.64% | 1 |
| Healthcare | 5.25% | -3.68% | 31.05% | 15.43% | 3 |
| Technology | 5.22% | -6.57% | 70.04% | 18.71% | 4 |
| Energy | 4.45% | -4.89% | 35.09% | 6.93% | 2 |
| Industrials | 3.95% | -3.12% | 48.84% | 17.51% | 4 |
| Utilities | 3.05% | -2.48% | 47.20% | 3.46% | 1 |
| Consumer Cyclical | 2.35% | -10.10% | 54.37% | 20.92% | 4 |
| Basic Materials | 1.38% | -2.54% | 21.85% | 13.67% | 4 |
| Communication Services | 1.16% | -1.63% | 27.16% | 11.69% | 4 |
| Real Estate | 0.00% | -4.86% | 80.93% | 19.49% | 5 |
| Weighting | Category Low | Category High | VWIAX % Rank | Quintile | |
|---|---|---|---|---|---|
| US | 32.33% | -97.12% | 138.58% | 19.21% | 3 |
| Non US | 6.12% | -8.67% | 150.26% | 21.18% | 4 |
| Weighting | Category Low | Category High | VWIAX % Rank | Quintile | |
|---|---|---|---|---|---|
| Corporate | 43.66% | 0.00% | 83.94% | 2.24% | 1 |
| Government | 8.79% | -237.85% | 123.07% | 14.68% | 3 |
| Cash & Equivalents | 2.79% | -159.39% | 123.07% | 21.00% | 4 |
| Municipal | 2.54% | 0.00% | 85.93% | 1.97% | 1 |
| Securitized | 2.50% | -0.01% | 40.82% | 19.17% | 4 |
| Derivative | 0.00% | -84.53% | 26.08% | 3.02% | 4 |
| Weighting | Category Low | Category High | VWIAX % Rank | Quintile | |
|---|---|---|---|---|---|
| US | 44.91% | -267.25% | 103.53% | 5.49% | 1 |
| Non US | 13.20% | -57.44% | 140.92% | 4.25% | 1 |
| VWIAX Fees (% of AUM) | Category Low | Category High | Rank in Category (%) | Quintile | |
|---|---|---|---|---|---|
| Expense Ratio | 0.15% | 0.00% | 165.34% | 18.61% | 1 |
| Management Fee | 0.14% | 0.00% | 2.55% | 5.03% | 2 |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A | N/A |
| Administrative Fee | N/A | 0.00% | 0.83% | N/A | N/A |
| VWIAX Fees (% of AUM) | Category Low | Category High | VWIAX Rank | Quintile | |
|---|---|---|---|---|---|
| Front Load | N/A | 0.14% | 5.75% | N/A | N/A |
| Deferred Load | N/A | 0.75% | 5.50% | N/A | N/A |
| VWIAX Fees (% of AUM) | Category Low | Category High | VWIAX Rank | Quintile | |
|---|---|---|---|---|---|
| Max Redemption Fee | N/A | 0.00% | 2.00% | N/A | N/A |
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.
| VWIAX Fees (% of AUM) | Category Low | Category High | VWIAX Rank | Quintile | |
|---|---|---|---|---|---|
| Turnover | 31.00% | 0.00% | 5609.00% | 11.28% | 2 |
| VWIAX | Category Low | Category High | VWIAX % Rank | Quintile | |
|---|---|---|---|---|---|
| Dividend Yield | 1.8% | 0.00% | 11.33% | 0.38% | 1 |
| VWIAX | Category Low | Category High | Category Mode | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Annually | Monthly | Annually |
| Date | Amount |
|---|---|
| Sep 22, 2014 | $0.458 |
| Jun 23, 2014 | $0.449 |
| Mar 31, 2014 | $0.547 |
| Dec 18, 2013 | $0.513 |
| Sep 27, 2013 | $0.451 |
| Jun 28, 2013 | $0.494 |
| Mar 28, 2013 | $0.428 |
| Dec 18, 2012 | $0.498 |
| Sep 28, 2012 | $0.449 |
| Jun 29, 2012 | $0.486 |
| Mar 30, 2012 | $0.470 |
| Dec 19, 2011 | $0.539 |
| Sep 30, 2011 | $0.504 |
| Jun 30, 2011 | $0.511 |
| Mar 31, 2011 | $0.474 |
| Dec 17, 2010 | $0.540 |
| Sep 28, 2010 | $0.475 |
| Jun 29, 2010 | $0.495 |
| Mar 30, 2010 | $0.467 |
| Dec 22, 2009 | $0.588 |
| Sep 29, 2009 | $0.497 |
| Jun 26, 2009 | $0.541 |
| Mar 27, 2009 | $0.576 |
| Dec 17, 2008 | $1.428 |
| Sep 26, 2008 | $0.593 |
| Jun 27, 2008 | $0.624 |
| Mar 28, 2008 | $0.572 |
| Dec 14, 2007 | $1.316 |
| Sep 24, 2007 | $0.572 |
| Jun 25, 2007 | $0.571 |
| Mar 26, 2007 | $0.496 |
| Dec 18, 2006 | $2.195 |
| Sep 27, 2006 | $0.000 |
| Sep 25, 2006 | $0.570 |
| Jun 26, 2006 | $0.546 |
| Mar 27, 2006 | $0.498 |
| Dec 19, 2005 | $1.561 |
| Dec 19, 2005 | $1.561 |
| Sep 26, 2005 | $0.540 |
| Jun 27, 2005 | $0.523 |
| Mar 28, 2005 | $0.472 |
| Oct 01, 2004 | $0.521 |
| Jun 28, 2004 | $0.523 |
| Mar 29, 2004 | $0.448 |
| Dec 15, 2003 | $0.630 |
| Oct 01, 2003 | $0.533 |
| Jun 23, 2003 | $0.498 |
| Mar 31, 2003 | $0.500 |
| Dec 16, 2002 | $0.590 |
| Oct 01, 2002 | $0.542 |
| Jun 24, 2002 | $0.565 |
| Mar 25, 2002 | $0.541 |
| Oct 01, 2001 | $0.578 |
| Sep 24, 2001 | $0.578 |
| Jun 25, 2001 | $0.573 |
| VWIAX | Category Low | Category High | VWIAX % Rank | Quintile | |
|---|---|---|---|---|---|
| Net Income Ratio | 3.09% | -3.27% | 12.91% | 5.73% | 1 |
| VWIAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Daily | Annually |
Lead Manager
Start Date
Feb 14, 2008Tenure
9.55
Tenure Rank
2.3%
John C. Keogh is Senior Vice President, Partner, and Fixed Income Portfolio Manager. As a fixed income portfolio manager, John is responsible for the management of investment grade fixed income portfolios, primarily for mutual fund and insurance clients. He is chair of the Fixed Income Review Group, which reviews the firm's fixed income portfolios to ensure that they meet client objectives and expectations. In addition, John serves on the CBO (Collateralized Bond Obligation) Investment Review Group. Prior to joining Wellington Management in 1983, John worked at Connecticut National Bank in the Portfolio Management, Economics, Funding, and Capital Markets Groups (1979 —1983). John received his BA in economics from Tufts University (1979).
Manager
Start Date
Jan 01, 2007Tenure
10.67
Tenure Rank
2.0%
W. Michael Reckmeyer, III, CFA, is Senior Managing Director , Partner, and Equity Portfolio Manager. Reckmeyer joined Wellington Management as an investment professional in 1994. As a member of the Value Team, Mike manages portfolios that have an emphasis on dividend income. Mike's mandate is to focus his research effort on large-capitalization, value-oriented stocks. While his research may include any industry, his primary area of coverage is insurance. Mike began his investment career in 1984 when he worked as an analyst following electrical equipment, aerospace, and pollution control companies (1984 —1986). This experience was followed by eight years at Kemper Financial Services where his research focus included paper and forest products, environmental services, and cable and cellular companies (1986 —1994). He received both his MBA (1984) and his BS in mechanical engineering (1981) from the University of Wisconsin. Mike holds the Chartered Financial Analyst designation and is a member of the Philadelphia Financial Analyst Society.
Manager
Start Date
Jan 27, 2017Tenure
0.59
Tenure Rank
7.4%
Mr. Stack has served as portfolio manager for the fixed income portion of the Wellington Management Allocation since its inception in 2013. Mr. Stack joined Wellington Management as an investment professional in 2000.
Manager
Start Date
Jan 27, 2017Tenure
0.59
Tenure Rank
7.4%
Loren L. Moran, CFA, Managing Director and Fixed Income Portfolio Manager of Wellington Management. She has worked in investment management since 2006, has been with Wellington Management since 2014. Education: B.S., Georgetown University.
Category Low
0.0
Category High
49.5
Category Average
5.65
Category Mode
2.7
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