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Morningstar

Vanguard High-Yield Corporate Adm VWEAX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 5.29  /  0.43 %
  • Total Assets 22.0 Bil
  • Adj. Expense Ratio
    0.130%
  • Expense Ratio 0.130%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 50,000
  • Status Open
  • TTM Yield 5.90%
  • Effective Duration 3.68 years

USD | NAV as of Dec 01, 2023 | 1-Day Return as of Dec 01, 2023, 11:24 PM GMT+0

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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Portfolio Holdings VWEAX

More VWEAX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 811
  • Other Holdings 11
  • % Assets in Top 10 Holdings 7.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes

1.61
358,689,412
Government

Imola Merger Corp.

0.91
201,999,001
Corporate

United States Treasury Bills

0.70
155,474,747
Government

United States Treasury Notes

0.69
152,485,473
Government

United States Treasury Bills

0.68
151,775,338
Government

Herc Holdings Inc

0.65
145,041,125
Corporate

SS&C Technologies, Inc.

0.63
139,209,846
Corporate

Mozart Debt Merger Subordinated Inc.

0.62
138,407,488
Corporate

Mktliq 12/31/2049

0.59
131,723,685
Cash and Equivalents

Rbc Triparty Mtge

0.57
126,600,000
Cash and Equivalents