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    Vanguard High-Yield Corporate Inv (VWEHX)

    5.66 Down 0.06(1.05%) Jun 24

    Profile as of May 30, 2016Get Profile for:
    Vanguard High-Yield Corporate Inv
    Vanguard Fixed Income Securities FundsPO Box 2600 V26Valley Forge PA 19482
    Phone: 800-662-7447
    Fund Overview 
    Category:High Yield Bond
    Fund Family:Vanguard
    Net Assets:18.52B
    Year-to-Date Return:4.91%
    Morningstar Rating:4 stars
    Fund Inception Date:Dec 27, 1978
    Morningstar Style Box 
    High Yield Bond
    [View Category Definition]
    View Top High Yield Bond Funds
    About the Morningstar Style Box
    Management Information 
    Michael L. Hong
    Lead Manager since Feb 14, 2008
    Michael L. Hong, CFA, vice president, fixed-income credit analyst and portfolio manager of Wellington Management. Mr. Hong, 35, who leads the firm’s high-yield credit research team. He has worked in investment management with Wellington Management since 1997. Education: A.B., Harvard College.
    Investment Information 
    Min Initial Investment:3,000
    Min Initial Investment, IRA:3,000
    Min Initial Investment, AIP:N/A
    Min Subsequent Investment:1
    Min Subsequent Investment, IRA:1
    Min Subsequent Investment, AIP:0
    VWEHX can be purchased from 102 brokerages.

    Fund Summary 
    The investment seeks to provide a high level of current income. 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.

    Fund Operations 
    Last Dividend (Dec 23, 2015) : 0.00
    Last Cap Gain : 0.00
    Annual Holdings Turnover (Jun 22, 2016) : 34.00%
    Average for Category:63.72%
    Fees & Expenses 
    ExpenseVWEHXCategory Avg
    Annual Report Expense Ratio (net):0.23%1.07%
    Prospectus Net Expense Ratio:0.23%N/A
    Prospectus Gross Expense Ratio:0.23%N/A
    Max 12b1 Fee:N/AN/A
    Max Front End Sales Load:N/A4.15%
    Max Deferred Sales Load: N/A1.92%
    3 Yr Expense Projection*:74485
    5 Yr Expense Projection*:130772
    10 Yr Expense Projection*:2931,594
    * Per $10,000 invested