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Name

As of 06/02/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Vanguard High-Yield Corporate Fund

VWEHX | Fund

$5.49

$25.7 B

6.26%

$0.34

0.22%

Vitals

YTD Return

1.1%

1 yr return

6.4%

3 Yr Avg Return

7.9%

5 Yr Avg Return

3.9%

Net Assets

$25.7 B

Holdings in Top 10

6.5%

52 WEEK LOW AND HIGH

$5.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.22%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 31.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$3,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/02/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Vanguard High-Yield Corporate Fund

VWEHX | Fund

$5.49

$25.7 B

6.26%

$0.34

0.22%

VWEHX - Profile

Distributions

  • YTD Total Return 1.1%
  • 3 Yr Annualized Total Return 7.9%
  • 5 Yr Annualized Total Return 3.9%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 4.00%
DIVIDENDS
  • Dividend Yield 6.3%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard High-Yield Corporate Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Jan 03, 1994
  • Shares Outstanding
    N/A
  • Share Class
    Investor
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Hong

Fund Description

The Fund employs an active management approach, investing primarily in a diversified group of high-yielding, higher-risk corporate bondswith medium- and lower-range credit quality ratings (commonly known as “junk” bonds). Under normal circumstances, the Fund invests at least 80% of its net assets,plus the amount of any borrowings for investment purposes, in corporate bonds that are rated below Baa by Moody’s or the equivalent by another independent rating agency, or, if unrated, are determined to be of comparable quality by the Fund’s advisors. The Fund’s holdings generally have short-and intermediate-term maturities.With no more than 20% of its assets, the Fund may invest in any of the following, in the aggregate: bonds that are rated below B or the equivalent, fixed- and floating-rate loans of medium to lower-range credit quality, or other securities that may include, but are not limited to, convertible securities or preferred stocks. The loans in which the Fund may invest will be rated Baa or below by Moody’s or the equivalent by another independent rating agency (or, if unrated, will be determined to be of comparable quality by the Fund’s advisors). Certain securities in which the Fund may invest are only eligible for resale pursuant to Rule 144A under the Securities Act of 1933 (144A securities).The Fund may invest in derivatives such as fixed income futures contracts, foreign currency exchange forward contracts, fixed income options (including options on swaps), currency swaps, interest rate swaps, total return swaps, credit default swaps, or other derivatives.
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VWEHX - Performance

Return Ranking - Trailing

Period VWEHX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -5.0% 8.8% 57.70%
1 Yr 6.4% -1.4% 24.8% 58.88%
3 Yr 7.9%* -0.8% 19.7% 63.56%
5 Yr 3.9%* -3.9% 14.4% 42.41%
10 Yr 5.1%* 1.0% 20.8% 41.29%

* Annualized

Return Ranking - Calendar

Period VWEHX Return Category Return Low Category Return High Rank in Category (%)
2025 2.8% -9.4% 9.7% 10.66%
2024 0.0% -25.4% 11.8% 85.28%
2023 5.2% -4.7% 12.2% 48.81%
2022 -13.4% -33.4% 3.6% 21.61%
2021 -0.5% -8.4% 9.8% 69.24%

Total Return Ranking - Trailing

Period VWEHX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.1% -5.0% 8.8% 57.70%
1 Yr 6.4% -1.4% 24.8% 58.88%
3 Yr 7.9%* -0.8% 19.7% 63.56%
5 Yr 3.9%* -3.9% 14.4% 42.41%
10 Yr 5.1%* 1.0% 20.8% 41.29%

* Annualized

Total Return Ranking - Calendar

Period VWEHX Return Category Return Low Category Return High Rank in Category (%)
2025 9.9% -2.1% 18.7% 9.98%
2024 6.8% -12.7% 18.9% 80.37%
2023 12.1% 3.5% 23.2% 53.39%
2022 -8.8% -29.1% 47.8% 22.98%
2021 4.1% -2.8% 16.2% 75.40%

NAV & Total Return History

VWEHX - Holdings

Concentration Analysis

VWEHX Category Low Category High VWEHX % Rank
Net Assets 25.7 B 3.13 M 31.3 B 3.89%
Number of Holdings 1040 2 7288 11.11%
Net Assets in Top 10 1.68 B -492 M 6.47 B 7.01%
Weighting of Top 10 6.50% 4.3% 144.4% 95.73%

Top 10 Holdings

  1. Vanguard Market Liquidity Fund 1.57%
  2. IMOLA MERGER 0.67%
  3. US TREASURY N/B 0.66%
  4. US TREASURY N/B 0.65%
  5. US TREASURY N/B 0.58%
  6. NOM TSY FICC 0.48%
  7. JPM TRIPARTY TREAS FICC 0.48%
  8. BK AMER TSY FICC 0.48%
  9. CCO HOLDINGS LLC 0.46%
  10. 1011778 BC ULC / 0.46%

Asset Allocation

Weighting Return Low Return High VWEHX % Rank
Bonds 		95.18% 0.00% 145.36% 42.13%
Other 		2.58% -39.08% 96.21% 7.69%
Cash 		2.13% -52.00% 48.62% 85.81%
Convertible Bonds 		1.60% 0.00% 17.89% 29.06%
Stocks 		0.11% 0.00% 99.76% 63.28%
Preferred Stocks 		0.00% 0.00% 4.59% 91.97%

Bond Sector Breakdown

Weighting Return Low Return High VWEHX % Rank
Corporate 		93.73% 0.00% 100.00% 58.05%
Government 		4.01% 0.00% 99.07% 8.22%
Cash & Equivalents 		1.57% 0.00% 48.62% 79.32%
Derivative 		0.21% -20.24% 42.26% 14.36%
Securitized 		0.00% 0.00% 97.24% 93.66%
Municipal 		0.00% 0.00% 1.17% 87.67%

Bond Geographic Breakdown

Weighting Return Low Return High VWEHX % Rank
US 		92.99% 0.00% 126.57% 50.26%
Non US 		2.19% 0.00% 60.71% 27.01%

VWEHX - Expenses

Operational Fees

VWEHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.22% 0.04% 25.46% 97.97%
Management Fee 0.21% 0.00% 1.75% 2.88%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

VWEHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 2.25% 5.75% N/A
Deferred Load N/A 1.00% 4.00% 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 31.00% 1.00% 255.00% 7.61%

VWEHX - Distributions

Dividend Yield Analysis

VWEHX Category Low Category High VWEHX % Rank
Dividend Yield 6.26% 0.00% 11.76% 54.39%

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 4.00% -2.39% 9.30% 71.43%

Capital Gain Distribution Analysis

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

Distributions History

View More +

VWEHX - Fund Manager Analysis

Managers

Michael Hong

Start Date

Tenure

Tenure Rank

Feb 14, 2008

14.3

14.3%

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
0.13 37.79 7.49 4.25

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