VWEAX: Vanguard High-Yield Corporate Adm

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VWEAX Vanguard High-Yield Corporate Adm


Profile

VWEAX - Profile

Vitals

  • YTD Return -2.9%
  • 3 Yr Annualized Return -1.1%
  • 5 Yr Annualized Return 0.1%
  • Net Assets $27.2 B
  • Holdings in Top 10 9.3%

52 WEEK LOW AND HIGH

$5.79
$4.80
$6.00

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.13%

SALES FEES

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

BROKERAGE FEES

  • Turnover 28.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $50,000
  • IRA N/A

Fund Classification


Distributions

  • YTD Total Return -2.9%
  • 3 Yr Annualized Total Return -1.1%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 5.26%
DIVIDENDS
  • Dividend Yield 0.0%
  • 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
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Hong

Fund Description

The fund invests primarily in a diversified group of high-yielding, higher-risk corporate bonds-commonly known as "junk bonds"-with medium- and lower-range credit-quality ratings. It invests at least 80% of its assets in corporate bonds that are rated below Baa by Moody's Investors Service, Inc. (Moody's); have an equivalent rating by any other independent bond-rating agency; or, if unrated, are determined to be of comparable quality by the fund's advisor. The fund's high-yield bonds and loans mostly have short- and intermediate-term maturities.


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Categories

Fund Company Quick Screens

VWEAX - Fund Company Quick Screens


Performance

VWEAX - Performance

Return Ranking - Trailing

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.9% -54.8% 284.6% 28.27%
1 Yr -1.9% -53.8% 289.2% 20.37%
3 Yr -1.1%* -24.6% 56.8% 17.45%
5 Yr 0.1%* -2.3% 32.3% 18.27%
10 Yr 0.2%* -2.3% 1.2% 6.67%

* Annualized

Return Ranking - Calendar

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
2019 9.8% -4.2% 23.9% 7.61%
2018 -8.3% -17.1% -0.4% 50.00%
2017 1.5% -5.7% 4.9% 24.77%
2016 5.2% 0.3% 11.8% 83.71%
2015 -7.2% -15.0% 1.0% 26.74%

Total Return Ranking - Trailing

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
YTD -2.9% -54.8% 284.6% 28.27%
1 Yr -1.9% -53.8% 289.2% 20.37%
3 Yr -1.1%* -24.6% 56.8% 36.29%
5 Yr 0.1%* -2.3% 32.3% 38.54%
10 Yr 0.2%* -2.3% 6.3% 31.67%

* Annualized

Total Return Ranking - Calendar

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
2019 9.8% -4.2% 23.9% 10.50%
2018 -8.3% -17.1% 0.4% 58.84%
2017 1.5% -5.1% 9.3% 45.32%
2016 5.2% 0.5% 20.7% 87.22%
2015 -7.2% -14.4% 1.0% 44.10%

NAV & Total Return History


Holdings

VWEAX - Holdings

Concentration Analysis

VWEAX Category Low Category High VWEAX % Rank
Net Assets 27.2 B 251 K 27.2 B 0.25%
Number of Holdings 566 4 1684 15.19%
Net Assets in Top 10 2.37 B -36.5 M 2.65 B 2.03%
Weighting of Top 10 9.28% 5.5% 100.0% 62.05%

Top 10 Holdings

  1. T-Mobile US, Inc. 7.88% 1.20%
  2. United States Treasury Notes 2.62% 1.00%
  3. United States Treasury Notes 2.38% 1.00%
  4. United States Treasury Notes 2% 0.99%
  5. United States Treasury Notes 1.62% 0.98%
  6. United States Treasury Notes 1.5% 0.98%
  7. United States Treasury Bills 0.01% 0.98%
  8. HCA Inc. 3.5% 0.74%
  9. ALTICE FRANCE S.A 7.38% 0.72%
  10. Herc Holdings Inc 5.5% 0.70%

Asset Allocation

Weighting Return Low Return High VWEAX % Rank
Bonds
94.35% 82.82% 125.18% 66.08%
Cash
4.77% -1.29% 17.18% 20.76%
Convertible Bonds
0.45% 0.00% 6.33% 46.33%
Preferred Stocks
0.42% 0.00% 4.16% 15.70%
Stocks
0.00% -28.46% 9.10% 62.53%
Other
0.00% -1.39% 5.14% 32.66%

Bond Sector Breakdown

Weighting Return Low Return High VWEAX % Rank
Corporate
90.28% 0.00% 100.00% 83.29%
Government
4.95% 0.00% 93.17% 3.04%
Cash & Equivalents
4.77% 0.00% 17.18% 21.01%
Derivative
0.00% 0.00% 24.47% 19.49%
Securitized
0.00% 0.00% 10.88% 39.49%
Municipal
0.00% 0.00% 5.04% 10.63%

Bond Geographic Breakdown

Weighting Return Low Return High VWEAX % Rank
US
75.89% 67.67% 108.57% 86.08%
Non US
18.46% 0.00% 29.53% 3.29%

Expenses

VWEAX - Expenses

Operational Fees

VWEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.13% 0.13% 20.17% 100.00%
Management Fee 0.12% 0.00% 1.60% 1.27%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.30% N/A

Sales Fees

VWEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

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

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 Return Low Category Return High Rank in Category (%)
Turnover 28.00% 1.88% 493.00% 6.07%

Distributions

VWEAX - Distributions

Dividend Yield Analysis

VWEAX Category Low Category High VWEAX % Rank
Dividend Yield 0.00% 0.00% 2.43% 4.56%

Dividend Distribution Analysis

VWEAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Quarterly Monthly Monthly

Net Income Ratio Analysis

VWEAX Category Low Category High VWEAX % Rank
Net Income Ratio 5.26% -0.01% 7.32% 40.89%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

VWEAX - Fund Manager Analysis

Managers

Michael Hong


Start Date

Tenure

Tenure Rank

Feb 14, 2008

12.55

12.6%

Michael L. Hong, CFA, Senior Managing Director and Fixed Income Portfolio Manager of Wellington Management. He has worked in investment management with Wellington Management since 1997 and has managed the Portfolio since 2008. Education: A.B., Harvard College.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.04 36.05 6.99 1.67