VWEAX: Vanguard High Yield Corporate Fund - MutualFunds.com
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Vanguard High-Yield Corporate Adm

VWEAX - Snapshot

Vitals

  • YTD Return 0.3%
  • 3 Yr Annualized Return 7.1%
  • 5 Yr Annualized Return 6.5%
  • Net Assets $29.6 B
  • Holdings in Top 10 9.1%

52 WEEK LOW AND HIGH

$6.00
$5.75
$6.01

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.13%

SALES FEES

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

BROKERAGE FEES

  • Turnover 38.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $50,000
  • IRA N/A

Fund Classification

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

Compare VWEAX to Popular High Yield Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$6.00

0.00%

$29.65 B

3.91%

$0.23

0.33%

0.23%

$7.90

-0.13%

$23.58 B

4.39%

$0.35

1.41%

0.62%

$5.59

0.00%

$22.71 B

4.92%

$0.27

1.45%

0.80%

$87.34

-0.57%

$20.37 B

4.43%

$3.89

0.16%

0.48%

$10.55

0.00%

$19.41 B

4.89%

$0.52

4.04%

0.73%

VWEAX - Profile

Distributions

  • YTD Total Return 0.3%
  • 3 Yr Annualized Total Return 7.1%
  • 5 Yr Annualized Total Return 6.5%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 4.60%
DIVIDENDS
  • Dividend Yield 4.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard High Yield Corporate Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Nov 12, 2001
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Michael Hong

Fund Description

The fund invests primarily in a diversified group of high-yielding, higher-risk corporate bonds-commonly known as "junk bonds"-with medium- and lower-range credit-quality ratings. It invests at least 80% of its assets in corporate bonds that are rated below Baa by Moody's Investors Service, Inc. (Moody's); have an equivalent rating by any other independent bond-rating agency; or, if unrated, are determined to be of comparable quality by the fund's advisor. The fund's high-yield bonds and loans mostly have short- and intermediate-term maturities.


VWEAX - Performance

Return Ranking - Trailing

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -69.0% 13.0% 70.97%
1 Yr 11.6% -14.1% 50.8% 84.08%
3 Yr 7.1%* -11.6% 17.7% 27.49%
5 Yr 6.5%* -5.3% 13.9% 49.85%
10 Yr 6.2%* 1.4% 9.9% 22.07%

* Annualized

Return Ranking - Calendar

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
2020 0.3% -75.1% 399.1% 39.84%
2019 9.8% -56.9% 226.1% 9.00%
2018 -8.3% -61.3% -0.4% 50.07%
2017 1.5% -49.0% 18.8% 34.81%
2016 5.2% -25.2% 28.6% 83.48%

Total Return Ranking - Trailing

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.3% -69.0% 13.0% 70.84%
1 Yr 11.6% -16.7% 57.3% 73.80%
3 Yr 7.1%* -11.6% 16.5% 25.76%
5 Yr 6.5%* -5.3% 13.2% 44.72%
10 Yr 6.2%* 1.4% 9.9% 20.51%

* Annualized

Total Return Ranking - Calendar

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
2020 0.3% -75.1% 399.1% 39.84%
2019 9.8% -56.9% 23.9% 11.25%
2018 -8.3% -61.3% 1.3% 58.87%
2017 1.5% -49.0% 18.8% 49.26%
2016 5.2% -25.2% 39.0% 87.57%

NAV & Total Return History


VWEAX - Holdings

Concentration Analysis

VWEAX Category Low Category High VWEAX % Rank
Net Assets 29.6 B 3.71 M 29.6 B 0.14%
Number of Holdings 607 1 2442 19.70%
Net Assets in Top 10 2.58 B -493 M 3.93 B 0.25%
Weighting of Top 10 9.14% 2.5% 100.0% 71.48%

Top 10 Holdings

  1. T-Mobile US, Inc. 1.10%
  2. United States Treasury Notes 1.00%
  3. United States Treasury Notes 0.99%
  4. United States Treasury Notes 0.99%
  5. United States Treasury Notes 0.98%
  6. United States Treasury Notes 1.5% 0.98%
  7. United States Treasury Notes 0.98%
  8. United States Treasury Notes 0.92%
  9. United States Treasury Bills 0.92%
  10. United States Treasury Notes 0.89%

Asset Allocation

Weighting Return Low Return High VWEAX % Rank
Bonds
91.97% 0.00% 147.88% 68.33%
Cash
5.06% -44.84% 100.00% 21.20%
Convertible Bonds
2.11% 0.00% 19.02% 36.53%
Preferred Stocks
0.43% 0.00% 19.22% 34.16%
Stocks
0.42% -10.91% 31.60% 47.01%
Other
0.00% -52.60% 32.06% 57.73%

Stock Sector Breakdown

Weighting Return Low Return High VWEAX % Rank
Financial Services
50.55% 0.00% 100.00% 10.09%
Energy
49.45% 0.00% 100.00% 41.68%
Utilities
0.00% 0.00% 100.00% 51.40%
Technology
0.00% 0.00% 61.28% 50.09%
Real Estate
0.00% 0.00% 100.00% 49.16%
Industrials
0.00% 0.00% 100.00% 61.31%
Healthcare
0.00% 0.00% 44.61% 55.70%
Communication Services
0.00% 0.00% 100.00% 70.28%
Consumer Defense
0.00% 0.00% 100.00% 46.54%
Consumer Cyclical
0.00% 0.00% 100.00% 60.00%
Basic Materials
0.00% 0.00% 100.00% 60.00%

Stock Geographic Breakdown

Weighting Return Low Return High VWEAX % Rank
Non US
0.21% 0.00% 14.47% 15.34%
US
0.21% -13.16% 30.16% 54.24%

Bond Sector Breakdown

Weighting Return Low Return High VWEAX % Rank
Corporate
89.86% 0.00% 100.00% 75.41%
Cash & Equivalents
5.19% 0.00% 100.00% 25.84%
Government
4.95% 0.00% 71.25% 8.36%
Derivative
0.00% 0.00% 46.55% 53.93%
Securitized
0.00% 0.00% 95.33% 66.17%
Municipal
0.00% 0.00% 11.44% 42.45%

Bond Geographic Breakdown

Weighting Return Low Return High VWEAX % Rank
US
76.41% 0.00% 123.46% 69.20%
Non US
15.56% 0.00% 97.21% 26.81%

VWEAX - Expenses

Operational Fees

VWEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.13% 0.01% 4.79% 99.23%
Management Fee 0.12% 0.00% 1.84% 1.63%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

VWEAX 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

VWEAX 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.

VWEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 38.00% 0.00% 349.00% 12.93%

VWEAX - Distributions

Dividend Yield Analysis

VWEAX Category Low Category High VWEAX % Rank
Dividend Yield 4.00% 0.00% 3.95% 42.84%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

VWEAX Category Low Category High VWEAX % Rank
Net Income Ratio 4.60% -2.17% 10.53% 65.60%

Capital Gain Distribution Analysis

VWEAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Semi-Monthly Annually

Dividend Payout History

View More +

VWEAX - Fund Manager Analysis

Managers

Michael Hong


Start Date

Tenure

Tenure Rank

Feb 14, 2008

13.38

13.4%

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
0.06 36.88 6.82 2.0