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Trending ETFs

Vanguard High-Yield Corporate Fund

mutual fund
VWEAX
Payout Change
Pending
Price as of:
$5.34 -0.01 -0.19%
primary theme
High Yield Bond
share class
VWEAX (Mutual Fund)

Vanguard High-Yield Corporate Fund

Payout Change
Pending
Price as of:
$5.34 -0.01 -0.19%
primary theme
High Yield Bond
share class
VWEAX (Mutual Fund)

Vanguard High-Yield Corporate Fund

Payout Change
Pending
Price as of:
$5.34 -0.01 -0.19%
primary theme
High Yield Bond
share class

Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$5.34

$23.6 B

6.20%

$0.33

0.12%

Vitals

YTD Return

1.0%

1 yr return

10.0%

3 Yr Avg Return

1.7%

5 Yr Avg Return

3.7%

Net Assets

$23.6 B

Holdings in Top 10

7.1%

52 WEEK LOW AND HIGH

$5.4
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.12%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 31.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$50,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 05/24/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$5.34

$23.6 B

6.20%

$0.33

0.12%

VWEAX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 1.7%
  • 5 Yr Annualized Total Return 3.7%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 4.10%
DIVIDENDS
  • Dividend Yield 6.2%
  • 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
    Admiral
  • Currency
    USD
  • Domiciled Country
    US
  • 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. The Fund 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 advisors.The Fund may not invest more than 20% of its assets in any of the following, in the aggregate: bonds with credit ratings lower than B or the equivalent, convertible securities, preferred stocks, and fixed and floating rate loans of medium- to lower-range credit quality. The loans in which the Fund may invest will be rated Baa or below by 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 advisors. The Fund’s high-yield bonds and loans mostly have short- and intermediate-term maturities.
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VWEAX - Performance

Return Ranking - Trailing

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -7.0% 6.6% 83.15%
1 Yr 10.0% -4.6% 20.7% 67.93%
3 Yr 1.7%* -16.4% 20.2% 39.37%
5 Yr 3.7%* -12.0% 37.0% 36.35%
10 Yr 4.1%* -5.1% 19.4% 14.52%

* Annualized

Return Ranking - Calendar

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
2023 5.2% -4.7% 14.3% 51.03%
2022 -13.4% -33.4% 3.6% 21.21%
2021 -0.5% -8.4% 8.2% 69.10%
2020 0.3% -13.2% 302.7% 42.29%
2019 9.8% -4.4% 13.3% 10.39%

Total Return Ranking - Trailing

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -7.0% 6.6% 83.15%
1 Yr 10.0% -4.6% 20.7% 67.93%
3 Yr 1.7%* -16.4% 20.2% 39.37%
5 Yr 3.7%* -12.0% 37.0% 36.35%
10 Yr 4.1%* -5.1% 19.4% 14.52%

* Annualized

Total Return Ranking - Calendar

Period VWEAX Return Category Return Low Category Return High Rank in Category (%)
2023 12.3% -4.7% 18.7% 46.45%
2022 -8.7% -33.4% 47.8% 21.37%
2021 4.2% -8.4% 12.4% 68.27%
2020 5.9% -9.6% 325.6% 42.47%
2019 16.6% -3.8% 19.4% 6.51%

NAV & Total Return History


VWEAX - Holdings

Concentration Analysis

VWEAX Category Low Category High VWEAX % Rank
Net Assets 23.6 B 1.45 M 23.6 B 0.16%
Number of Holdings 854 2 2736 10.44%
Net Assets in Top 10 1.67 B -492 M 5.09 B 6.33%
Weighting of Top 10 7.10% 4.2% 146.9% 93.04%

Top 10 Holdings

  1. US TREASURY N/B 1.34%
  2. IMOLA MERGER 0.83%
  3. Vanguard Market Liquidity Fund 0.69%
  4. TREASURY BILL 0.66%
  5. US TREASURY N/B 0.65%
  6. US TREASURY N/B 0.62%
  7. HERC HOLDINGS 0.62%
  8. SSC TECH INC 0.58%
  9. MEDLINE BORROWER 0.57%
  10. AERCAP GLOBAL 0.53%

Asset Allocation

Weighting Return Low Return High VWEAX % Rank
Bonds
97.50% -3.13% 154.38% 19.37%
Other
2.18% -63.70% 102.57% 9.18%
Convertible Bonds
1.60% 0.00% 17.89% 28.64%
Cash
0.69% -52.00% 48.07% 88.29%
Stocks
0.00% 0.00% 99.54% 87.09%
Preferred Stocks
0.00% 0.00% 7.88% 70.41%

Bond Sector Breakdown

Weighting Return Low Return High VWEAX % Rank
Corporate
93.73% 0.00% 100.00% 58.80%
Government
4.01% 0.00% 99.07% 6.97%
Cash & Equivalents
0.69% 0.00% 48.07% 76.90%
Derivative
0.19% -15.04% 42.26% 14.24%
Securitized
0.00% 0.00% 97.24% 74.17%
Municipal
0.00% 0.00% 1.17% 52.61%

Bond Geographic Breakdown

Weighting Return Low Return High VWEAX % Rank
US
93.95% -3.13% 129.21% 48.89%
Non US
3.55% 0.00% 98.19% 17.56%

VWEAX - Expenses

Operational Fees

VWEAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.12% 0.02% 38.33% 99.53%
Management Fee 0.11% 0.00% 1.84% 1.42%
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 2.25% 5.75% N/A
Deferred Load N/A 1.00% 5.00% 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 31.00% 1.00% 255.00% 7.93%

VWEAX - Distributions

Dividend Yield Analysis

VWEAX Category Low Category High VWEAX % Rank
Dividend Yield 6.20% 0.00% 11.76% 52.36%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

VWEAX Category Low Category High VWEAX % Rank
Net Income Ratio 4.10% -2.39% 14.30% 64.90%

Capital Gain Distribution Analysis

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

Distributions History

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VWEAX - Fund Manager Analysis

Managers

Michael Hong


Start Date

Tenure

Tenure Rank

Feb 14, 2008

14.3

14.3%

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
0.13 37.79 7.18 8.17