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VWEAX Vanguard High-Yield Corporate Adm

  • Fund
  • VWEAX
  • Price as of: Apr 23, 2019
  • $5.82 - $0.00 - 0.00%
  • Category
  • High Yield Bonds

VWEAX - Profile

Vitals

  • YTD Return 7.2%
  • 3 Yr Annualized Return 0.8%
  • 5 Yr Annualized Return -1.0%
  • Net Assets $23.9 B
  • Holdings in Top 10 8.4%

52 WEEK LOW AND HIGH

$5.82
$5.41
$5.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.13%

SALES FEES

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

BROKERAGE FEES

  • Turnover 21.00%

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 7.2%
  • 3 Yr Annualized Total Return 0.8%
  • 5 Yr Annualized Total Return -1.0%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 5.65%
DIVIDENDS
  • Dividend Yield 0.1%
  • 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

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 (%)
YTD 7.2% -6.5% 21.6% 20.44%
1 Yr 0.9% -8.8% 4.7% 16.43%
3 Yr 0.8%* -6.9% 7.1% 61.38%
5 Yr -1.0%* -8.2% 2.6% 20.17%
10 Yr 2.4%* -13.8% 6.2% 40.94%

* Annualized


Return Ranking - Calendar

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.3% -23.1% -0.4% 56.39%
2017 1.5% -9.5% 28.5% 34.92%
2016 5.2% -14.4% 28.6% 80.79%
2015 -7.2% -34.3% 1.0% 29.85%
2014 -1.0% -23.1% 27.7% 9.03%

Total Return Ranking - Trailing

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.2% -6.5% 21.6% 24.45%
1 Yr 0.9% -8.8% 6.3% 32.05%
3 Yr 0.8%* -6.9% 11.6% 69.10%
5 Yr -1.0%* -7.8% 6.5% 40.56%
10 Yr 2.4%* -13.8% 9.8% 59.42%

* Annualized


Total Return Ranking - Calendar

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.3% -23.1% 1.3% 64.50%
2017 1.5% -4.9% 36.8% 48.76%
2016 5.2% -14.4% 39.0% 86.01%
2015 -7.2% -28.3% 4.3% 42.17%
2014 -1.0% -21.8% 27.7% 29.30%

NAV & Total Return History

VWEAX - Holdings

Concentration Analysis

VWEAX Category Low Category High VWEAX % Rank
Net Assets 23.9 B 696 K 23.9 B 0.20%
Number of Holdings 466 6 1644 20.84%
Net Assets in Top 10 1.81 B -36.7 K 3.59 B 0.60%
Weighting of Top 10 8.41% 5.4% 99.8% 77.56%

Top 10 Holdings

  1. Sprint Corporation 7.88% 1.34%

  2. United States Treasury Notes 0.88% 1.16%

  3. United States Treasury Notes 0.75% 1.15%

  4. Univision Commmunications Inc. 5.12% 0.78%

  5. Credit Suisse Grp FRN 6.25% 0.72%

  6. DISH DBS Corporation 6.75% 0.70%

  7. Caesars Resort Collection LLC/CRC Finco Inc 5.25% 0.66%

  8. Navient Corporation 6.75% 0.65%

  9. Navient Corporation 6.5% 0.63%

  10. Bausch Health Companies Inc 6.12% 0.62%


Asset Allocation

Weighting Return Low Return High VWEAX % Rank
Bonds
94.25% -14.92% 104.54% 40.08%
Cash
2.01% -10.77% 114.92% 75.35%
Other
1.85% -5.62% 22.60% 5.61%
Convertible Bonds
1.33% 0.00% 17.73% 18.84%
Preferred Stocks
0.56% 0.00% 12.83% 16.63%
Stocks
0.00% -0.05% 99.43% 79.16%

Bond Sector Breakdown

Weighting Return Low Return High VWEAX % Rank
Corporate
93.83% 0.00% 105.22% 46.29%
Government
2.31% -8.28% 66.73% 7.21%
Cash & Equivalents
2.01% -10.95% 114.92% 75.35%
Derivative
0.00% -14.92% 15.20% 38.68%
Securitized
0.00% 0.00% 61.92% 59.32%
Municipal
0.00% 0.00% 99.98% 37.68%

Bond Geographic Breakdown

Weighting Return Low Return High VWEAX % Rank
US
75.98% -14.92% 99.77% 68.54%
Non US
18.27% 0.00% 58.16% 20.04%

VWEAX - Expenses

Operational Fees

VWEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.13% 0.00% 6.42% 99.40%
Management Fee 0.12% 0.00% 1.00% 0.60%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% 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

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 Return Low Category Return High Rank in Category (%)
Turnover 21.00% 5.00% 1334.00% 8.22%

VWEAX - Distributions

Dividend Yield Analysis

VWEAX Category Low Category High VWEAX % Rank
Dividend Yield 0.05% 0.00% 0.46% 38.08%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VWEAX Category Low Category High VWEAX % Rank
Net Income Ratio 5.65% -1.92% 7.02% 16.23%

Capital Gain Distribution Analysis

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

VWEAX - Managers

Tenure Analysis

Category Low

0.0

Category High

34.62

Category Average

6.84

Category Mode

0.25