Morningstar

Vanguard High-Yield Corporate Fund Admiral Shares VWEAX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $5.29  /  0.00
  • Fund Size $24.8B
  • Adjusted Expense Ratio 0.120%
  • Net Expense Ratio 0.120%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category High Yield Bond
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $50,000
  • Investment Status Open
  • TTM Yield 6.59%
  • Average Effective Duration 2.74 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis VWEAX

Will VWEAX outperform in the 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.

A defensive playbook.

Associate Director Tom Murphy

Tom Murphy

Associate Director

Summary

Vanguard High-Yield Corporate’s thoughtful and relatively conservative approach helps it stand out from riskier peers in the high-yield bond Morningstar Category.

by Tom Murphy
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Portfolio Holdings VWEAX

More VWEAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 5.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Mktliq 12/31/2049

0.87 219M
Cash and Equivalents

United States Treasury Notes

0.65 164M
Government

United States Treasury Notes

0.65 163M
Government

Bk Amer Mtg Ficc

0.57 145M
—

Bk Amer Tsy Ficc

0.53 135M
Cash and Equivalents

Meridian Arc Holdco LLC

0.53 134M
Corporate

Ingram Micro Inc.

0.48 121M
Corporate

1261229 Bc Ltd.

0.47 120M
Corporate

Td Triparty Mortgage

0.47 120M
Cash and Equivalents

United States Treasury Notes

0.47 118M
Government

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