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Morningstar

Vanguard High-Yield Corporate Inv VWEHX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 5.22  /  0.05 %
  • Total Assets 22.7 Bil
  • Adj. Expense Ratio
    0.230%
  • Expense Ratio 0.230%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category High Yield Bond
  • Credit Quality / Interest Rate Sensitivity Low / Limited
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 5.50%
  • Effective Duration 3.82 years

USD | NAV as of Jun 09, 2023 | 1-Day Return as of Jun 09, 2023, 10:18 PM GMT+0

Morningstar’s Analysis VWEHX

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

People Pillar

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

Most of the assets here remain in proven hands.

Senior Analyst Mike Mulach

Mike Mulach

Senior Analyst

Summary

Wellington Management is no longer Vanguard High-Yield Corporate’s sole subadvisor, but it remains the anchor with two thirds of assets here, offsetting questions about the recent appointment of Vanguard’s unproven, in-house high-yield team. Add in rock-bottom fees and the strategy still merits a Morningstar Analyst Rating of Gold on both share classes.

by Mike Mulach
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings VWEHX

More VWEHX Holdings
  • Current Portfolio Date
  • Equity Holdings 0
  • Bond Holdings 778
  • Other Holdings 15
  • % Assets in Top 10 Holdings 7.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes

1.12
257,481,250
Government

Imola Merger Corp.

0.93
215,014,695
Corporate

Herc Holdings Inc

0.77
178,113,436
Corporate

Credit Agricole Triparty Tsy

0.77
176,100,000
Cash and Equivalents

United States Treasury Notes

0.74
169,850,968
Government

Mozart Debt Merger Subordinated Inc.

0.69
159,439,076
Corporate

T-Mobile US Inc

0.68
157,133,221
Corporate

Td Triparty Mortgage

0.68
157,000,000
Cash and Equivalents

United States Treasury Notes

0.68
155,748,656
Government

United States Treasury Bills

0.67
154,362,849
Government