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Vanguard High-Yield Corporate Adm (VWEAX)On Jan 7: 5.54  Up 0.02 (0.36%)  
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Profile  As of 30-Nov-09Get Profile for:
Vanguard High-Yield Corporate Adm
PO Box 2600 V26 Valley Forge PA 19482
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Phone: 800-662-2739
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FUND OVERVIEW 
Category:High Yield Bond
Fund Family:Vanguard
Net Assets:5.69B
Year-to-Date Return:35.51%
Yield:7.67%
Morningstar Rating:3 stars
Fund Inception Date:12-Nov-01
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 14-Feb-08
Michael L. Hong, CFA, vice president, fixed-income credit analyst and portfolio manager of Wellington Management, will manage the Vanguard High-Yield Corporate Fund and the VVIF-High-Yield Portfolio. Mr. Hong, 35, who leads the firm?s high-yield credit research team, has been with Wellington Management for 10 years.
INVESTMENT INFORMATION 
Min Initial Investment:$100,000
Min Initial Investment, IRA:$100,000
Min Initial Investment, AIP:$100,000
Min Subsequent Investment:$100
Min Subsequent Investment, IRA:N/A
Min Subsequent Investment, AIP:$100
VWEAX can be purchased from brokerages.
FUND SUMMARY 
The investment seeks high level of current income. The fund invests mainly in a diversified group of high-yielding, higher-risk corporate bonds with medium- and lower-range credit-quality ratings. It invests at least 80% of assets in corporate bonds that are rated below Baa by Moody's and have an equivalent rating by any other independent bond-rating agency; or, if unrated, are determined to be of comparable quality by the advisor. The fund may not invest more than 20% of assets in bonds with credit ratings lower than B or the equivalent, convertible securities, and preferred stocks.
FUND OPERATIONS 
Last Dividend (30-Nov-09): 0.04
Last Cap Gain YFT_NOT_APPLICABLE_ABBREVIATION
Annual Holdings Turnover YFT_NOT_APPLICABLE_ABBREVIATION
Average for Category: 90.06%
FEES & EXPENSES 
ExpenseVWEAXCategory
Avg
Total Expense Ratio:% 1.20%
Max 12b1 Fee:% N/A
Max Front End Sales Load:% 4.46%
Max Deferred Sales Load:% 2.73%
3 Yr Expense Projection*: $ YFT_NOT_APPLICABLE_ABBREVIATION$639
5 Yr Expense Projection*: $ YFT_NOT_APPLICABLE_ABBREVIATION$998
10 Yr Expense Projection*: $ YFT_NOT_APPLICABLE_ABBREVIATION$2,016
* Per $10,000 invested


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