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Vanguard High Dividend Yield Index Adm VHYAX Fund Analysis

| Analyst rating as of

Morningstar’s Fund Analysis VHYAX

Will VHYAX outperform in future?

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

Higher yield with lower risk.

Associate Analyst


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Vanguard High Dividend Yield provides a delicate balance between pursuing yield and mitigating risk. Weighting stocks by market cap steers the fund toward more stable, large-cap stocks and away from those whose dividends may be distressed. However, while this fund has a strong process, there are risks lingering at the margin that prevent us from assigning it our highest-conviction positive rating. As such, we are downgrading our Morningstar Analyst Rating for the fund's exchange-traded fund share class to Silver from Gold. Its Admiral share class maintains a Silver rating.

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