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Morningstar

Vanguard Long-Term Investment-Grade Adm VWETX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 7.48  /  0.85 %
  • Total Assets 15.8 Bil
  • Adj. Expense Ratio
    0.120%
  • Expense Ratio 0.120%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Long-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Extensive
  • Min. Initial Investment 50,000
  • Status Open
  • TTM Yield 4.81%
  • Effective Duration 13.29 years

USD | NAV as of Sep 22, 2023 | 1-Day Return as of Sep 22, 2023, 10:19 PM GMT+0

Morningstar’s Analysis VWETX

Will VWETX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VWETX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the VWETX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

Parent Pillar

The Parent Pillar is our rating of VWETX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Reliable exposure to long-term corporate bonds.

Senior Analyst Mike Mulach

Mike Mulach

Senior Analyst

Summary

Vanguard Long-Term Investment-Grade’s longtime standout subadvisor Wellington Management remains the anchor with more than three-fourths of assets here, offsetting questions as Vanguard’s solid but less-proven team garners more assets. The strategy earns a Morningstar Analyst Rating of Silver for its admiral shares, while its more-expensive investor shares are rated Bronze.

by Mike Mulach
Rated on Published on

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Portfolio Holdings VWETX

More VWETX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 1523
  • Other Holdings 14
  • % Assets in Top 10 Holdings 6.0
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Mktliq 12/31/2049

0.99
160,270,070
Cash and Equivalents

Microsoft Corporation

0.84
134,645,340
Corporate

United States Treasury Bonds

0.71
114,630,186
Government

Wells Fargo & Company

0.71
114,441,102
Corporate

Goldman Sachs Group, Inc.

0.66
106,184,226
Corporate

Bristol-Myers Squibb Company

0.54
86,986,511
Corporate

JPMorgan Chase & Co.

0.53
86,178,326
Corporate

United States Treasury Bonds

0.53
85,699,156
Government

Citi Treas Tri-Party

0.51
82,400,000
Cash and Equivalents

United States Treasury Bonds

0.51
82,009,875
Government