VWEHX: Vanguard High-Yield Corporate Inv

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VWEHX Vanguard High-Yield Corporate Inv

  • Fund
  • VWEHX
  • Price as of: Oct 18, 2019
  • $5.90 - $0.00 - 0.00%

VWEHX - Profile

Vitals

  • YTD Return 8.7%
  • 3 Yr Annualized Return 5.7%
  • 5 Yr Annualized Return 5.4%
  • Net Assets $26 B
  • Holdings in Top 10 8.2%

52 WEEK LOW AND HIGH

$5.90
$5.41
$5.91

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

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style High Yield Bond

Distributions

  • YTD Total Return 8.7%
  • 3 Yr Annualized Total Return 5.7%
  • 5 Yr Annualized Total Return 5.4%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 5.55%
DIVIDENDS
  • Dividend Yield 2.9%
  • 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.

VWEHX - Fund Company Quick Screens

VWEHX - Performance

Return Ranking - Trailing

Period VWEHX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.7% -0.1% 22.6% 7.05%
1 Yr 8.0% -7.3% 8.9% 2.22%
3 Yr 5.7%* -4.4% 8.0% 5.79%
5 Yr 5.4%* -4.1% 6.7% 2.25%
10 Yr 7.4%* -4.7% 9.5% 5.31%

* Annualized


Return Ranking - Calendar

Period VWEHX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.3% -17.1% -1.8% 52.30%
2017 1.5% -5.7% 4.8% 23.97%
2016 5.2% 1.1% 13.0% 84.82%
2015 -7.2% -17.8% 9.9% 30.64%
2014 -1.0% -45.8% 27.7% 4.82%

Total Return Ranking - Trailing

Period VWEHX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.7% 0.0% 22.6% 9.69%
1 Yr 8.0% -7.3% 8.9% 1.56%
3 Yr 5.7%* -4.4% 7.6% 4.79%
5 Yr 5.4%* -4.1% 6.7% 1.97%
10 Yr 7.4%* -4.7% 9.5% 6.64%

* Annualized


Total Return Ranking - Calendar

Period VWEHX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.3% -17.1% 0.4% 61.98%
2017 1.5% -5.1% 8.1% 43.81%
2016 5.2% 1.1% 20.7% 88.89%
2015 -7.2% -17.8% 11.7% 46.53%
2014 -1.0% -45.8% 27.7% 27.65%

NAV & Total Return History

VWEHX - Holdings

Concentration Analysis

VWEHX Category Low Category High VWEHX % Rank
Net Assets 26 B 1.01 M 26 B 0.44%
Number of Holdings 505 5 1547 16.78%
Net Assets in Top 10 2.04 B -83.9 M 2.04 B 0.44%
Weighting of Top 10 8.19% 4.7% 127.9% 73.64%

Top 10 Holdings

  1. Sprint Corporation 7.88% 1.22%

  2. United States Treasury Notes 1% 1.00%

  3. United States Treasury Notes 1.38% 1.00%

  4. United States Treasury Notes 1.5% 1.00%

  5. Caesars Resort Collection LLC/CRC Finco Inc 5.25% 0.73%

  6. Credit Suisse Grp FRN 6.25% 0.69%

  7. DISH DBS Corporation 6.75% 0.64%

  8. Navient Corporation 6.75% 0.64%

  9. Bausch Health Companies Inc 6.12% 0.63%

  10. Springleaf Finance Corporation 7.12% 0.63%


Asset Allocation

Weighting Return Low Return High VWEHX % Rank
Bonds
94.76% 83.63% 134.79% 40.52%
Cash
4.09% -35.58% 13.02% 52.51%
Preferred Stocks
0.50% 0.00% 5.03% 14.60%
Convertible Bonds
0.48% 0.00% 3.81% 45.10%
Other
0.17% -38.97% 6.35% 14.38%
Stocks
0.00% -12.26% 8.55% 95.86%

Bond Sector Breakdown

Weighting Return Low Return High VWEHX % Rank
Corporate
92.74% 79.63% 135.87% 65.80%
Cash & Equivalents
4.09% -36.55% 13.02% 51.20%
Government
3.01% -22.81% 7.36% 2.40%
Derivative
0.00% -3.96% 3.59% 81.05%
Securitized
0.00% 0.00% 8.46% 88.24%
Municipal
0.00% 0.00% 0.56% 80.39%

Bond Geographic Breakdown

Weighting Return Low Return High VWEHX % Rank
US
76.98% 69.61% 113.15% 76.25%
Non US
17.78% 0.00% 23.27% 9.37%

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% 1.35% 0.66%
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

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.

VWEHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 21.00% 0.34% 1218.00% 5.47%

VWEHX - Distributions

Dividend Yield Analysis

VWEHX Category Low Category High VWEHX % Rank
Dividend Yield 2.85% 0.00% 8.26% 36.38%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VWEHX Category Low Category High VWEHX % Rank
Net Income Ratio 5.55% 1.79% 9.34% 28.63%

Capital Gain Distribution Analysis

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

VWEHX - Managers

Michael L. Hong

Manager

Start Date

Tenure

Tenure Rank

Feb 14, 2008

11.63

11.6%

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

0.03

Category High

35.13

Category Average

6.41

Category Mode

0.75