VWEAX: Vanguard High-Yield Corporate Adm

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VWEAX Vanguard High-Yield Corporate Adm

  • Fund
  • VWEAX
  • Price as of: Dec 05, 2019
  • $5.91
    - $0.00 - 0.00%

Profile

VWEAX - Profile

Vitals

  • YTD Return 8.8%
  • 3 Yr Annualized Return 0.6%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $26.2 B
  • Holdings in Top 10 8.1%

52 WEEK LOW AND HIGH

$5.91
$5.41
$5.91

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

Fund Classification


Distributions

  • YTD Total Return 8.8%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 5.65%
DIVIDENDS
  • Dividend Yield 1.9%
  • 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 L. Hong

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.


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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 8.8% 1.1% 22.7% 6.47%
1 Yr 6.5% -0.8% 12.9% 22.75%
3 Yr 0.6%* -2.3% 8.9% 32.32%
5 Yr -0.2%* -2.9% 6.4% 37.43%
10 Yr 0.9%* -4.7% 7.9% 32.47%

* Annualized

Return Ranking - Calendar

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.3% -17.1% -2.2% 55.74%
2017 1.5% -5.7% 4.8% 21.47%
2016 5.2% 1.1% 13.0% 84.53%
2015 -7.2% -17.8% 9.9% 31.18%
2014 -1.0% -45.8% 27.7% 5.28%

Total Return Ranking - Trailing

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.8% 1.1% 22.4% 8.71%
1 Yr 6.5% -4.6% 12.9% 20.95%
3 Yr 0.6%* -1.7% 8.9% 46.21%
5 Yr -0.2%* -2.8% 6.4% 52.79%
10 Yr 0.9%* -4.7% 7.9% 46.75%

* Annualized

Total Return Ranking - Calendar

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.3% -17.1% 1.3% 65.57%
2017 1.5% -5.1% 10.5% 42.41%
2016 5.2% 1.1% 20.7% 88.67%
2015 -7.2% -17.8% 11.7% 47.35%
2014 -1.0% -45.8% 27.7% 30.03%

NAV & Total Return History


Holdings

VWEAX - Holdings

Concentration Analysis

VWEAX Category Low Category High VWEAX % Rank
Net Assets 26.2 B 9.61 M 26.2 B 0.22%
Number of Holdings 533 5 1557 14.13%
Net Assets in Top 10 2.07 B 0 2.07 B 0.22%
Weighting of Top 10 8.14% 0.0% 127.9% 70.64%

Top 10 Holdings

  1. Sprint Corporation 7.88% 1.21%
  2. United States Treasury Notes 1.38% 0.98%
  3. United States Treasury Notes 1.5% 0.98%
  4. United States Treasury Notes 1.5% 0.98%
  5. Caesars Resort Collection LLC/CRC Finco Inc 5.25% 0.81%
  6. Credit Suisse Grp FRN 6.25% 0.68%
  7. Bausch Health Companies Inc 6.12% 0.63%
  8. DISH DBS Corporation 6.75% 0.63%
  9. Springleaf Finance Corporation 7.12% 0.62%
  10. Univision Commmunications Inc. 5.12% 0.61%

Asset Allocation

Weighting Return Low Return High VWEAX % Rank
Bonds
96.24% 0.00% 109.78% 22.74%
Cash
2.64% -2.95% 100.00% 75.94%
Preferred Stocks
0.49% 0.00% 5.10% 14.57%
Convertible Bonds
0.47% 0.00% 3.80% 38.19%
Other
0.16% -15.51% 6.34% 13.02%
Stocks
0.00% -12.26% 8.79% 79.47%

Bond Sector Breakdown

Weighting Return Low Return High VWEAX % Rank
Corporate
94.26% 0.00% 110.31% 51.88%
Government
2.94% -5.99% 7.54% 2.21%
Cash & Equivalents
2.64% -2.75% 100.00% 75.94%
Derivative
0.00% -1.56% 3.59% 40.84%
Securitized
0.00% 0.00% 10.43% 58.28%
Municipal
0.00% 0.00% 0.40% 35.10%

Bond Geographic Breakdown

Weighting Return Low Return High VWEAX % Rank
US
78.06% 0.00% 97.45% 61.37%
Non US
18.18% 0.00% 19.32% 5.08%

Expenses

VWEAX - Expenses

Operational Fees

VWEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.13% 0.13% 18.62% 100.00%
Management Fee 0.12% 0.00% 1.44% 0.44%
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

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% 0.34% 623.00% 4.22%

Distributions

VWEAX - Distributions

Dividend Yield Analysis

VWEAX Category Low Category High VWEAX % Rank
Dividend Yield 1.90% 0.00% 6.79% 41.28%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

VWEAX Category Low Category High VWEAX % Rank
Net Income Ratio 5.65% 1.79% 6.59% 24.55%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

VWEAX - Fund Manager Analysis

Managers

Michael L. Hong


Start Date

Tenure

Tenure Rank

Feb 14, 2008

11.8

11.8%

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 Category High Category Average Category Mode
0.2 35.29 6.64 5.17