|Expense Ratio (net)||0.23%|
|Category||Allocation--30% to 50% Equity|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||Below Average|
|Beta (5Y Monthly)||0.62|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||Jul 01, 1970|
Vanguard Wellesley Income Fund celebrated its 50th birthday in July. A mutual fund being in business that long has become about as rare as couples reaching their 50th wedding anniversary, and so the fund’s longevity is noteworthy in its own right. Wellesley Income (VWINX) ] was created in July 1970 by the Wellington Management Company, at which a gentleman by the name of John Bogle was working.
A volatile end to 2018 resulted in an overly conservative positioning going into 2019.