Morningstar

Vanguard Long-Term Investment-Grade Fund Admiral Shares VWETX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 7.35  /  −0.41 %
  • Total Assets 10.1B
  • Adj. Expense Ratio
    0.100%
  • Expense Ratio 0.100%
  • 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 5.18%
  • Effective Duration 12.12 years

USD | NAV as of Jul 22, 2026 | 1-Day Return as of Jul 22, 2026, 12:11 AM GMT+0

Morningstar’s Analysis VWETX

Will VWETX 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 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.

Vanguard Long-Term Investment-Grade Management Change; Ratings Unchanged.

null Ken Noguchi

Ken Noguchi

Analyst Note

Veteran portfolio manager Daniel Shaykevich transitioned off Vanguard Long-Term Investment-Grade on June 30, 2026, to focus on other Vanguard active fixed-income strategies, including emerging-market, core, and core-plus strategies. Shaykevich joined Vanguard in 2013 from BlackRock, bringing more than two decades of industry experience, and now he leads the firm’s emerging-market sector team.

by Ken Noguchi
Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings VWETX

More VWETX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 6.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Mktliq 12/31/2049

1.44 145M
Cash and Equivalents

Anheuser-Busch Companies LLC / Anheuser-Busch InBev Worldwide Inc

1.20 121M
Corporate

United States Treasury Notes

0.69 70M
Government

Wells Fargo & Co.

0.62 63M
Corporate

JPMorgan Chase & Co.

0.61 62M
Corporate

Meta Platforms Inc

0.61 61M
Corporate

AbbVie Inc.

0.58 59M
Corporate

Pfizer Investment Enterprises Pte Ltd.

0.52 52M
Corporate

Morgan Stanley

0.48 48M
Corporate

Comcast Corporation

0.47 47M
Corporate

Sponsor Center