VWEHX: Vanguard High-Yield Corporate Inv

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VWEHX Vanguard High-Yield Corporate Inv


Profile

VWEHX - Profile

Vitals

  • YTD Return 0.5%
  • 3 Yr Annualized Return 0.4%
  • 5 Yr Annualized Return -0.2%
  • Net Assets $26.8 B
  • Holdings in Top 10 8.0%

52 WEEK LOW AND HIGH

$5.99
$5.70
$6.00

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 N/A

Fund Classification


Distributions

  • YTD Total Return 0.5%
  • 3 Yr Annualized Total Return 0.4%
  • 5 Yr Annualized Total Return -0.2%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 5.55%
DIVIDENDS
  • Dividend Yield 0.9%
  • 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 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.


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Categories

Fund Company Quick Screens

VWEHX - Fund Company Quick Screens


Performance

VWEHX - Performance

Return Ranking - Trailing

Period VWEHX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -0.8% 2.4% 24.35%
1 Yr 4.7% -1.9% 7.1% 9.83%
3 Yr 0.4%* -5.3% 1.5% 7.85%
5 Yr -0.2%* -4.5% 1.5% 23.99%
10 Yr 0.9%* -4.7% 2.1% 3.35%

* Annualized

Return Ranking - Calendar

Period VWEHX Return Category Return Low Category Return High Rank in Category (%)
2019 9.8% -0.2% 23.9% 8.10%
2018 -8.3% -17.1% -1.8% 53.64%
2017 1.5% -5.7% 4.8% 25.06%
2016 5.2% -5.3% 13.0% 84.95%
2015 -7.2% -20.6% 1.0% 28.03%

Total Return Ranking - Trailing

Period VWEHX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.5% -0.8% 2.4% 24.35%
1 Yr 4.7% -1.9% 7.1% 9.83%
3 Yr 0.4%* -5.3% 4.1% 29.37%
5 Yr -0.2%* -4.5% 5.0% 43.35%
10 Yr 0.9%* -4.7% 7.5% 25.84%

* Annualized

Total Return Ranking - Calendar

Period VWEHX Return Category Return Low Category Return High Rank in Category (%)
2019 9.8% -0.2% 23.9% 10.50%
2018 -8.3% -17.1% 0.4% 62.73%
2017 1.5% -5.1% 8.1% 43.73%
2016 5.2% -5.3% 20.7% 88.98%
2015 -7.2% -20.6% 1.0% 43.06%

NAV & Total Return History


Holdings

VWEHX - Holdings

Concentration Analysis

VWEHX Category Low Category High VWEHX % Rank
Net Assets 26.8 B 1.02 M 26.8 B 0.43%
Number of Holdings 512 5 1532 19.14%
Net Assets in Top 10 2.1 B -449 M 2.1 B 0.43%
Weighting of Top 10 7.98% 4.3% 99.3% 74.67%

Top 10 Holdings

  1. Sprint Corporation 7.88% 1.18%
  2. United States Treasury Notes 1.62% 0.95%
  3. United States Treasury Notes 1.5% 0.95%
  4. United States Treasury Notes 1.5% 0.95%
  5. Caesars Resort Collection LLC/CRC Finco Inc 5.25% 0.80%
  6. Credit Suisse Grp FRN 6.25% 0.68%
  7. ALTICE FRANCE S.A 7.38% 0.63%
  8. Springleaf Finance Corporation 7.12% 0.63%
  9. DISH DBS Corporation 6.75% 0.61%
  10. Bausch Health Companies Inc 6.12% 0.61%

Asset Allocation

Weighting Return Low Return High VWEHX % Rank
Bonds
94.28% 82.79% 143.50% 53.55%
Cash
4.74% -43.73% 21.02% 36.13%
Preferred Stocks
0.47% 0.00% 5.37% 16.56%
Convertible Bonds
0.45% 0.00% 4.64% 42.15%
Other
0.05% -10.16% 6.34% 25.16%
Stocks
0.00% -12.70% 9.17% 97.42%

Bond Sector Breakdown

Weighting Return Low Return High VWEHX % Rank
Corporate
92.40% 9.69% 100.00% 71.83%
Cash & Equivalents
4.74% -0.82% 49.29% 40.00%
Government
2.85% 0.00% 35.67% 1.72%
Derivative
0.00% -0.02% 15.37% 96.99%
Securitized
0.00% 0.00% 46.32% 98.06%
Municipal
0.00% 0.00% 2.95% 96.56%

Bond Geographic Breakdown

Weighting Return Low Return High VWEHX % Rank
US
77.18% 67.67% 118.63% 80.65%
Non US
17.10% 0.00% 29.53% 18.92%

Expenses

VWEHX - Expenses

Operational Fees

VWEHX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.23% 0.13% 20.17% 99.78%
Management Fee 0.21% 0.00% 1.60% 0.65%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.30% 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

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% 1.88% 433.00% 3.91%

Distributions

VWEHX - Distributions

Dividend Yield Analysis

VWEHX Category Low Category High VWEHX % Rank
Dividend Yield 0.87% 0.00% 3.58% 48.60%

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 5.55% -0.01% 9.34% 33.33%

Capital Gain Distribution Analysis

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

Dividend Payout History

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Fund Manager Analysis

VWEHX - Fund Manager Analysis

Managers

Michael Hong


Start Date

Tenure

Tenure Rank

Feb 14, 2008

11.97

12.0%

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 Category High Category Average Category Mode
0.04 35.46 6.44 1.08