VWEHX is an under performing hi-yield fund. Here is what my hi-yield funds did last week:
SPHIX + .92%
PRHYX + .83%
What did VWEHX do?...+.81%.
The management of this fund should be fired. The fund has Treasuries in it that all money managers I hear from say are headed in the toilet. Adam Bold of the Money Store does not even recommend it.
If you want less money in your pocket you are welcome to invest in VWEHX. But I prefer to eat steak instead of hot dogs.
This is not a long term buy and hold fund. Look at the graph from 1998, a total muster bluck. Buy and holders were Hosed by the Wall St. con artists. No other class of bond funds have cratered like junk. If you dare get it, watch it like a hawk with a stop loss base and dump it there.
It sounds like you like high risk and high fee services. That is very good, as it spreads the wealth around and you are now in Obama's favor. That is important if he becomes a Monarch.
since I'm not a "share the wealth" with the losers kind of guy,
I guess I could be in trouble now that Prince Teleprompter is to be King Teleprompter.
Backed up by prince (hairy)Reid and princess (nancy) Pelosi..
What a winning triad that makes.
Do watch your wallets closely.
It's the man behind the curtain, running the teleprompter and pulling the strings on the "puppet" that scares me.
Good luck to all here.
I think that, to be fair, this fund is less of a junk fund than the competitors. The quality ratings for holdings tend to be higher than other junk bond funds. I think that the other funds might be a bit riskier, but probably offer greater average returns. I'm satisfied here for my taxable bond investments. For folks looking for a true high yield fund, I agree that other mutual funds might be better. Vanguard just doesn't seem to do the high risk stuff very well/aggressively.
When I sold out I retained 500 shares just to keep my acount open IN CASE this fund changes its investment strategy and gets more aggressive. So far,it doesn't appear to be doing that. In the meantime I think all of you with substantial positions ought to be fighting mad that you missed out on higher price appreciation and higher dividends as compared to other junk funds. You should be clamoring to Vanguard to change the management and strategy of VWEHX. If they do I will come back in and sing the praises of VWEHX.
I was in this fund for 20 years. I'm not a basher! I finally had to cut the cord when I saw how much it was underperforming....and I'm glad I did! I can't believe how loyal you people are to this fund. It is causing all of you to miss out on a great run in junk. But if you like having less money in your pocket than you could have stick with VWEHX.
You will notice a few chronic VWEHX bashers (always the same people) who come here repeatedly for only one reason. Either they have an agenda, or they just like to whine as a hobby. Try the "ignore user" feature.