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VWESX Vanguard Long-Term Investment-Grade Inv

  • Fund
  • VWESX
  • Price as of: Apr 24, 2019
  • $10.08 + $0.06 + 0.60%
  • Category
  • Corporate Bonds

VWESX - Profile

Vitals

  • YTD Return 5.3%
  • 3 Yr Annualized Return -1.3%
  • 5 Yr Annualized Return -0.4%
  • Net Assets $17.7 B
  • Holdings in Top 10 8.4%

52 WEEK LOW AND HIGH

$10.08
$9.28
$10.14

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.22%

SALES FEES

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

BROKERAGE FEES

  • Turnover 32.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

$3,000

Investment Themes

CATEGORY

Corporate Bonds
  • Fund Type Open End Mutual Fund
  • Investment Style Corporate Bond

Distributions

  • YTD Total Return 5.3%
  • 3 Yr Annualized Total Return -1.3%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 4.08%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Vanguard Long Term Investment Grade Fund
  • Fund Family Name Vanguard
  • Inception Date Jul 09, 1973
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States

Fund Description

The Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) is a low-cost, actively managed fund designed to provide a high level of current income. VWESX achieves this by betting on high-quality, long-term bonds. The fund focuses on corporate bonds but does have the flexibility to invest in Treasuries, MBS and other similarly rated debt securities. Managers at the fund use a bottom-up fundamental credit selection process to choose bonds for the portfolio.

Given its low costs, VWESX makes an ideal core position in any income seeker’s portfolio. The fund is managed by Vanguard Fixed Income Group and Wellington Management Company LLP.

VWESX - Performance

Return Ranking - Trailing

Period VWESX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% -1.0% 7.3% 20.52%
1 Yr 3.8% -4.6% 4.4% 3.49%
3 Yr -1.3%* -2.8% 2.4% 98.18%
5 Yr -0.4%* -5.4% 1.9% 43.58%
10 Yr 2.5%* -4.3% 4.1% 30.16%

* Annualized


Return Ranking - Calendar

Period VWESX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.1% -11.7% 2.7% 96.07%
2017 5.9% -2.5% 8.3% 7.17%
2016 1.6% -3.1% 11.6% 74.55%
2015 -7.9% -18.3% 0.0% 89.55%
2014 11.4% -8.4% 12.3% 3.29%

Total Return Ranking - Trailing

Period VWESX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.3% -1.0% 7.3% 25.33%
1 Yr 3.8% -3.7% 7.1% 22.27%
3 Yr -1.3%* -1.3% 7.5% 100.00%
5 Yr -0.4%* -3.1% 5.2% 72.02%
10 Yr 2.5%* -1.8% 10.3% 65.87%

* Annualized


Total Return Ranking - Calendar

Period VWESX Return Category Return Low Category Return High Rank in Category (%)
2018 -10.1% -11.7% 3.9% 96.07%
2017 5.9% -2.5% 11.6% 17.49%
2016 1.6% -3.1% 17.7% 78.18%
2015 -7.9% -16.2% 3.7% 90.45%
2014 11.4% -8.0% 17.6% 3.76%

NAV & Total Return History

VWESX - Holdings

Concentration Analysis

VWESX Category Low Category High VWESX % Rank
Net Assets 17.7 B 10.7 M 29.5 B 3.49%
Number of Holdings 912 6 2217 10.92%
Net Assets in Top 10 1.36 B -205 M 3.34 B 10.48%
Weighting of Top 10 8.44% 0.0% 147.9% 96.07%

Top 10 Holdings

  1. United States Treasury Bonds 4.5% 2.05%

  2. Wells Fargo & Company 5.61% 0.94%

  3. United States Treasury Bonds 4.75% 0.86%

  4. Anheuser-Busch Companies LLC / Anheuser-Busch InBev Worldwide Inc 4.9% 0.81%

  5. Goldman Sachs Group, Inc. 4.02% 0.73%

  6. CALIFORNIA ST 7.3% 0.64%

  7. United States Treasury Bonds 4.38% 0.64%

  8. Amazon.com, Inc. 4.05% 0.62%

  9. Medtronic, Inc. 4.62% 0.58%

  10. Anheuser-Busch Companies LLC / Anheuser-Busch InBev Worldwide Inc 4.7% 0.56%


Asset Allocation

Weighting Return Low Return High VWESX % Rank
Bonds
97.61% 0.00% 173.58% 25.33%
Cash
1.96% -84.03% 100.00% 62.45%
Other
0.38% -34.36% 6.75% 22.71%
Convertible Bonds
0.04% 0.00% 16.87% 74.67%
Stocks
0.00% -5.28% 14.51% 97.38%
Preferred Stocks
0.00% 0.00% 29.57% 98.69%

Bond Sector Breakdown

Weighting Return Low Return High VWESX % Rank
Corporate
77.60% 0.00% 103.00% 63.32%
Municipal
10.48% 0.00% 12.62% 1.75%
Government
7.98% -27.58% 60.03% 34.93%
Cash & Equivalents
1.96% -84.06% 100.00% 61.57%
Securitized
1.60% 0.00% 115.76% 53.28%
Derivative
0.00% -0.38% 73.03% 89.52%

Bond Geographic Breakdown

Weighting Return Low Return High VWESX % Rank
US
91.27% 0.00% 153.73% 12.66%
Non US
6.34% -0.62% 51.45% 84.72%

VWESX - Expenses

Operational Fees

VWESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.22% 0.00% 3.46% 93.45%
Management Fee 0.19% 0.00% 1.70% 8.73%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.40% N/A

Sales Fees

VWESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 0.00% 5.50% N/A

Trading Fees

VWESX 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.

VWESX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 32.00% 6.00% 1515.00% 17.90%

VWESX - Distributions

Dividend Yield Analysis

VWESX Category Low Category High VWESX % Rank
Dividend Yield 0.04% 0.00% 0.32% 21.83%

Dividend Distribution Analysis

VWESX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

VWESX Category Low Category High VWESX % Rank
Net Income Ratio 4.08% 0.12% 5.67% 11.35%

Capital Gain Distribution Analysis

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

VWESX - Managers

Tenure Analysis

Category Low

0.01

Category High

23.26

Category Average

6.06

Category Mode

1.08