VWEHX: Vanguard High-Yield Corporate Inv

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VWEHX Vanguard High-Yield Corporate Inv

  • Fund
  • VWEHX
  • Price as of: Dec 06, 2019
  • $5.92
    + $0.01 + 0.17%

Profile

VWEHX - Profile

Vitals

  • YTD Return 9.0%
  • 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

$5.92
$5.41
$5.92

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.23%

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) $3,000
  • IRA $3,000

Fund Classification


Distributions

  • YTD Total Return 9.0%
  • 3 Yr Annualized Total Return 0.6%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 5.55%
DIVIDENDS
  • Dividend Yield 1.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard High Yield Corporate Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Dec 27, 1978
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael L. Hong

Fund Description

The Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) is a low-cost, actively managed bond fund that seeks to provide a high level of current income. VWEHX invests in high-yield or junk bonds. These are bonds made to firms with less-than-stellar 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, VWEHX makes a great core choice for investors looking to add to their income portfolios. The fund is managed by Wellington Management Company LLP.


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Categories

Fund Company Quick Screens

VWEHX - Fund Company Quick Screens


Performance

VWEHX - Performance

Return Ranking - Trailing

Period VWEHX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% -0.5% 23.1% 7.38%
1 Yr 6.3% -3.9% 13.0% 23.43%
3 Yr 0.6%* -4.9% 9.1% 32.10%
5 Yr -0.2%* -4.8% 6.6% 39.45%
10 Yr 0.9%* -4.2% 9.5% 35.24%

* Annualized

Return Ranking - Calendar

Period VWEHX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.3% -17.1% -1.8% 55.23%
2017 1.5% -5.7% 4.8% 21.88%
2016 5.2% -5.3% 13.4% 84.68%
2015 -7.2% -17.8% 9.9% 31.14%
2014 -1.0% -45.8% 27.7% 5.43%

Total Return Ranking - Trailing

Period VWEHX Return Category Return Low Category Return High Rank in Category (%)
YTD 9.0% -0.5% 23.1% 10.63%
1 Yr 6.3% -3.9% 13.0% 22.56%
3 Yr 0.6%* -4.9% 9.1% 48.40%
5 Yr -0.2%* -4.8% 6.6% 55.89%
10 Yr 0.9%* -4.2% 9.5% 50.66%

* Annualized

Total Return Ranking - Calendar

Period VWEHX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.3% -17.1% 1.3% 64.77%
2017 1.5% -5.1% 10.5% 42.24%
2016 5.2% -5.3% 20.7% 88.71%
2015 -7.2% -17.8% 11.7% 46.86%
2014 -1.0% -45.8% 27.7% 29.39%

NAV & Total Return History


Holdings

VWEHX - Holdings

Concentration Analysis

VWEHX Category Low Category High VWEHX % Rank
Net Assets 26.2 B 1.01 M 26.2 B 0.43%
Number of Holdings 533 5 1557 14.16%
Net Assets in Top 10 2.07 B -83.9 M 2.07 B 0.43%
Weighting of Top 10 8.14% 4.6% 129.0% 71.89%

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 VWEHX % Rank
Bonds
96.24% 81.52% 132.57% 25.11%
Cash
2.64% -32.84% 32.42% 75.11%
Preferred Stocks
0.49% 0.00% 5.24% 14.81%
Convertible Bonds
0.47% 0.00% 3.80% 37.98%
Other
0.16% -32.24% 6.34% 13.30%
Stocks
0.00% -12.70% 8.79% 93.99%

Bond Sector Breakdown

Weighting Return Low Return High VWEHX % Rank
Corporate
94.26% 12.92% 135.30% 53.43%
Government
2.94% -22.81% 42.51% 2.79%
Cash & Equivalents
2.64% -34.87% 32.42% 75.11%
Derivative
0.00% -1.56% 3.59% 74.68%
Securitized
0.00% 0.00% 49.12% 85.19%
Municipal
0.00% 0.00% 3.14% 80.26%

Bond Geographic Breakdown

Weighting Return Low Return High VWEHX % Rank
US
78.06% 66.34% 112.31% 62.23%
Non US
18.18% 0.00% 23.27% 6.01%

Expenses

VWEHX - Expenses

Operational Fees

VWEHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.23% 0.13% 18.62% 99.78%
Management Fee 0.21% 0.00% 1.44% 0.65%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.45% N/A

Sales Fees

VWEHX 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

VWEHX 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.

VWEHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 0.34% 623.00% 4.75%

Distributions

VWEHX - Distributions

Dividend Yield Analysis

VWEHX Category Low Category High VWEHX % Rank
Dividend Yield 1.86% 0.00% 6.77% 46.78%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

VWEHX Category Low Category High VWEHX % Rank
Net Income Ratio 5.55% 1.79% 9.34% 30.37%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

Fund Manager Analysis

VWEHX - 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 6.62 5.17