VWINX: Vanguard Wellesley® Income Inv

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VWINX Vanguard Wellesley® Income Inv

  • Fund
  • VWINX
  • Price as of: Dec 06, 2019
  • $27.52
    + $0.05 + 0.18%

Profile

VWINX - Profile

Vitals

  • YTD Return 12.6%
  • 3 Yr Annualized Return 2.1%
  • 5 Yr Annualized Return 0.9%
  • Net Assets $59 B
  • Holdings in Top 10 11.5%

52 WEEK LOW AND HIGH

$27.52
$23.96
$27.55

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.23%

SALES FEES

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

BROKERAGE FEES

  • Turnover 28.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000
  • IRA $3,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Allocation--30% to 50% Equity

Distributions

  • YTD Total Return 12.6%
  • 3 Yr Annualized Total Return 2.1%
  • 5 Yr Annualized Total Return 0.9%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.08%
DIVIDENDS
  • Dividend Yield 0.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Vanguard Wellesley® Income Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Jul 01, 1970
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    W. Michael Reckmeyer

Fund Description

The Vanguard Wellesley Income Fund Investor Shares (VWINX) is a low-cost, actively managed conservative-allocation fund that seeks to provide high current income, income growth as well as a reasonable amount of capital growth. The fund holds approximately 60-65% of its assets in bonds and 35-40% in stocks, depending on market conditions. VWINX primarily invests in large stocks of domestics firms that pay dividends and intermediate government and investment-grade corporate bonds. The fund uses risk management to create the best blend of these asset classes to provide steady growth of income.

Offering a blend of both stocks and bonds, VWINX makes a great core position for investors. The fund is managed by Wellington Management Company LLP.


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Categories

Fund Company Quick Screens

VWINX - Fund Company Quick Screens


Performance

VWINX - Performance

Return Ranking - Trailing

Period VWINX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.6% -46.3% 41.1% 52.71%
1 Yr 5.8% -42.6% 32.9% 61.62%
3 Yr 2.1%* -35.7% 15.6% 56.86%
5 Yr 0.9%* -40.1% 13.5% 50.20%
10 Yr 3.0%* -38.9% 17.9% 67.00%

* Annualized

Return Ranking - Calendar

Period VWINX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.4% -31.8% 19.0% 47.11%
2017 5.8% -44.7% 46.3% 53.17%
2016 3.9% -84.5% 146.1% 46.64%
2015 -4.1% -40.7% 14.6% 23.84%
2014 2.9% -35.0% 306.6% 26.85%

Total Return Ranking - Trailing

Period VWINX Return Category Return Low Category Return High Rank in Category (%)
YTD 12.6% -46.3% 41.1% 53.04%
1 Yr 5.8% -42.6% 32.9% 72.65%
3 Yr 2.1%* -35.7% 15.6% 80.97%
5 Yr 0.9%* -40.1% 13.5% 82.61%
10 Yr 3.0%* -38.9% 18.8% 87.04%

* Annualized

Total Return Ranking - Calendar

Period VWINX Return Category Return Low Category Return High Rank in Category (%)
2018 -9.4% -27.4% 19.0% 71.44%
2017 5.8% -44.7% 46.3% 78.97%
2016 3.9% -84.5% 146.1% 76.61%
2015 -4.1% -36.9% 14.6% 64.79%
2014 2.9% -35.0% 306.6% 72.28%

NAV & Total Return History


Holdings

VWINX - Holdings

Concentration Analysis

VWINX Category Low Category High VWINX % Rank
Net Assets 59 B 619 K 157 B 2.75%
Number of Holdings 1331 2 13643 9.60%
Net Assets in Top 10 6.75 B -206 M 29 B 3.16%
Weighting of Top 10 11.48% 8.9% 210.3% 98.63%

Top 10 Holdings

  1. JPMorgan Chase & Co 1.65%
  2. Verizon Communications Inc 1.28%
  3. Cisco Systems Inc 1.25%
  4. United States Treasury Notes 2.38% 1.17%
  5. Bank of America Corp 1.12%
  6. Pfizer Inc 1.10%
  7. Johnson & Johnson 1.04%
  8. Lockheed Martin Corp 0.96%
  9. Exxon Mobil Corp 0.96%
  10. Comcast Corp Class A 0.95%

Asset Allocation

Weighting Return Low Return High VWINX % Rank
Bonds
58.99% -4.17% 79.17% 20.25%
Stocks
36.12% -41.01% 77.78% 62.76%
Cash
3.71% -110.26% 61.28% 58.54%
Convertible Bonds
1.18% 0.00% 75.96% 16.46%
Preferred Stocks
0.00% 0.00% 49.94% 80.27%
Other
0.00% -41.44% 209.72% 70.04%

Stock Sector Breakdown

Weighting Return Low Return High VWINX % Rank
Healthcare
6.00% -6.04% 20.92% 47.13%
Financial Services
5.95% -7.21% 30.29% 58.17%
Consumer Defense
4.87% -2.62% 12.35% 21.66%
Energy
3.58% -2.02% 68.57% 19.75%
Technology
3.49% -6.80% 28.79% 76.11%
Industrials
3.22% -2.39% 24.85% 67.52%
Utilities
3.17% -2.30% 64.34% 14.01%
Communication Services
2.50% -2.17% 9.78% 37.37%
Consumer Cyclical
1.46% -10.60% 25.25% 83.97%
Real Estate
0.78% -8.18% 51.84% 75.69%
Basic Materials
0.59% -2.22% 15.06% 80.25%

Stock Geographic Breakdown

Weighting Return Low Return High VWINX % Rank
US
30.63% -41.02% 75.95% 59.60%
Non US
5.49% -2.07% 29.45% 46.41%

Bond Sector Breakdown

Weighting Return Low Return High VWINX % Rank
Corporate
41.65% 0.00% 85.45% 9.07%
Government
8.17% -45.95% 75.63% 66.56%
Securitized
7.36% 0.00% 45.59% 55.91%
Cash & Equivalents
3.71% -110.26% 72.04% 58.12%
Municipal
2.99% 0.00% 58.76% 7.07%
Derivative
0.00% -11.79% 2.88% 46.52%

Bond Geographic Breakdown

Weighting Return Low Return High VWINX % Rank
US
48.34% -5.44% 87.85% 25.95%
Non US
10.65% -14.01% 19.86% 6.43%

Expenses

VWINX - Expenses

Operational Fees

VWINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.23% 0.00% 18.45% 93.45%
Management Fee 0.21% 0.00% 2.00% 25.34%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.83% N/A

Sales Fees

VWINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

VWINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 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.

VWINX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 28.00% 0.00% 1488.00% 29.47%

Distributions

VWINX - Distributions

Dividend Yield Analysis

VWINX Category Low Category High VWINX % Rank
Dividend Yield 0.69% 0.00% 11.03% 45.15%

Dividend Distribution Analysis

VWINX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annually Quarterly Annually

Net Income Ratio Analysis

VWINX Category Low Category High VWINX % Rank
Net Income Ratio 3.08% -4.40% 6.65% 9.67%

Capital Gain Distribution Analysis

VWINX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

VWINX - Fund Manager Analysis

Managers

W. Michael Reckmeyer


Start Date

Tenure

Tenure Rank

Jan 01, 2007

12.92

12.9%

W. Michael Reckmeyer, III, CFA, is Senior Managing Director , Partner, and Equity Portfolio Manager. Reckmeyer joined Wellington Management as an investment professional in 1994. As a member of the Value Team, Mike manages portfolios that have an emphasis on dividend income. Mike's mandate is to focus his research effort on large-capitalization, value-oriented stocks. While his research may include any industry, his primary area of coverage is insurance. Mike began his investment career in 1984 when he worked as an analyst following electrical equipment, aerospace, and pollution control companies (1984 —1986). This experience was followed by eight years at Kemper Financial Services where his research focus included paper and forest products, environmental services, and cable and cellular companies (1986 —1994). He received both his MBA (1984) and his BS in mechanical engineering (1981) from the University of Wisconsin. Mike holds the Chartered Financial Analyst designation and is a member of the Philadelphia Financial Analyst Society.

Loren L. Moran


Start Date

Tenure

Tenure Rank

Jan 27, 2017

2.84

2.8%

Loren L. Moran, CFA, Managing Director and Fixed Income Portfolio Manager of Wellington Management. She has worked in investment management since 2001, has been with Wellington Management since 2014. Education: B.S., Georgetown University.

Michael E. Stack


Start Date

Tenure

Tenure Rank

Jan 27, 2017

2.84

2.8%

Michael E. Stack is Senior Managing Director and Fixed Income Portfolio Manager of Wellington Management. Mr. Stack joined Wellington Management as an investment professional in 2000.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.0 35.94 6.98 7.54