VWEAX - Vanguard High-Yield Corporate Fund Admiral Shares

Nasdaq - Nasdaq Delayed Price. Currency in USD

Vanguard High-Yield Corporate Fund Admiral Shares

Vanguard Fixed Income Securities Funds

PO Box 2600 V26

Valley Forge PA 19482

Management Information
Michael L. Hong,Lead Manager since February 13, 2008
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.
Morningstar Style Box
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Morningstar Category
While the investment objective stated in a fund's prospectus may or may not reflect how the fund actually invests, the Morningstar category is assigned based on the underlying securities in each portfolio. Morningstar categories help investors and investment professionals make meaningful comparisons between funds. The categories make it easier to build well-diversified portfolios, assess potential risk, and identify top-performing funds. We place funds in a given category based on their portfolio statistics and compositions over the past three years. If the fund is new and has no portfolio history, we estimate where it will fall before giving it a more permanent category assignment. When necessary, we may change a category assignment based on recent changes to the portfolio.

Fund Overview

CategoryHigh Yield Bond
Fund FamilyVanguard
Net Assets26.8B
YTD Return0.09%
Morningstar Rating★★★★
Inception DateNov 11, 2001

Fund Operations

Last Dividend0.00
Last Cap Gain0.00
Holdings Turnover21.00%
Average for CategoryN/A

Fees & Expenses

ExpenseVWEAXCategory Average
Annual Report Expense Ratio (net)0.13%1.02%
Prospectus Net Expense Ratio0.13%N/A
Prospectus Gross Expense Ratio0.13%N/A
Max 12b1 FeeN/AN/A
Max Front End Sales LoadN/A3.90%
Max Deferred Sales LoadN/A1.37%
3 Yr Expense Projection42N/A
5 Yr Expense Projection73N/A
10 Yr Expense Projection166N/A