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Vanguard High-Yield Corporate Adm VWEAX Fund Analysis

Morningstar Medalist Rating
| Medalist Rating as of | See Vanguard Investment Hub

Morningstar’s Analysis VWEAX

Will VWEAX 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 VWEAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VWEAX 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 VWEAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Despite some changes at the top, this strategy retains its appeal.

Senior Analyst Mike Mulach

Mike Mulach

Senior Analyst

Summary

The departure of a longtime manager at Vanguard High-Yield Corporate results in a People rating downgrade to Average from Above Average, but the strategy’s well-constructed, relatively conservative approach retains an Above Average Process rating.

by Mike Mulach
Rated on Published on

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