Vanguard High Yield Corporate Fd: (MF: VWEHX)
NAV
$6.21
NAV Day Change
0.00 (0.00%)
May 16 06:06 PM ET
General Information As Of 04/30/13
| %Yield | 5.60 |
| %SEC Yield | 4.24 |
| %YTD Return (as of 04/30/13) | 3.42 |
| Objective* | Fixed Income - Corp High Yield |
| Peer* | CH IT |
Portfolio Statistics
| %Unrealized Gain YTD | 7.26 |
| Net Assets (Mil $) 04/30/2013 | 5,607.00 |
| %Turnover 04/30/2013 | 30.00 |
Fees
| %Max Sales Load | NA |
| %Min Sales Load | NA |
| %Max Deferred Load | NA |
Expenses
| %Max 12b-1 Fee | 0.00 |
| %Max Management Fee | 0.20 |
| Redemption Fee | NA |
| Expense Ratio | 0.23 |
Allocation
| Large Growth | NA |
| Large Value | NA |
| Small Growth | NA |
| Small Value | NA |
| Foreign Stock | NA |
| Emerging Market | NA |
| Precious Metal | NA |
| Intermediate Bond | NA |
| Foreign Bond | NA |
| High Yield Bond | NA |
Portfolio Information
Composition
| As of 01/31/2013 | %of Net Assets |
| Stock | 0.00 |
| Cash | 3.44 |
| Bonds | 94.39 |
| Preferred | 1.55 |
| Convertibles | 0.00 |
| Foreign Stock | 0.00 |
| Foreign Bonds | 0.00 |
| Hedge | 0.00 |
| Other | 0.62 |
Sector / Country Weightings
| As of 04/30/2013 | % of Portfolio |
|---|---|
| NA | NA |
Portfolio Holdings
| Top Holdings (As of 01/31/2013) | % of Portfolio | Value (Mil$) |
|---|---|---|
| SPRINT NEXTEL CORP | 0.99 | 180.76 |
| BARCLAYS BANK PLC | 0.88 | 160.56 |
| ING US INC | 0.84 | 154.25 |
| HCA INC | 0.83 | 152.83 |
| CIT GRP INC | 0.82 | 150.80 |
| DISH DBS CORP | 0.82 | 149.59 |
| CIT GRP INC | 0.74 | 135.13 |
| WARNER CHILCOTT CO LLC WA | 0.72 | 132.51 |
| AIR LEASE CORP | 0.72 | 132.22 |
| SPRINT NEXTEL CORP | 0.69 | 126.64 |
Contact Information
| Family | Vanguard Group |
| Addrerss | 100 Vanguard Blvd. Malvern, PA 19355 |
| Phone | 800 662-7447 |
Zacks Premium Research
Zacks Mutual Fund Rank: 4 - Sell 
| #4 |
Fund Description
Vanguard High-Yield Corporate Fund was incepted in December 1978 and is managed by the Wellington Management Company. The objective of the fund is to seek a high level of interest income. The fund invests in high-yield corporate bonds, or 'junk bonds,' which pay high interest rates because they are considered to carry greater risk of default than bonds with higher credit ratings. The management seek to reduce this risk somewhat through solid credit research and broad diversification across companies and industries, and by emphasizing high-yield bonds with relatively stronger credit ratings. The fund invests at least 80% of the fund's holdings have credit ratings of B or above and no more than 20% of assets will be invested in securities rated below B or in unrated bonds of similar quality. The management builds the fund on a company-by-company basis, focusing on the nature of a company's business, its strategy, and the quality of its management. The fund rarely adjust its makeup because of expected interest-rate changes. This is because high-yield bonds are less sensitive to interest-rate changes than higher-quality bonds, and are more expensive to trade. The fund declares dividends on daily basis and distributes them on the first business day of each month. Capital gains are distributed in December.
Stock Holding % of Net Assets
| As Of | 01/31/2013 |
| Total Issues | NA |
| Avg. P/E | NA |
| Avg. P/Book | NA |
| Avg. EPS Growth | NA |
| Avg. Market Value (Mil $) | NA |
Risk
| 3 Year | 5 Year | 10 Year | |
|---|---|---|---|
| Beta | 0.15 | 1.22 | 0.88 |
| Alpha | 9.78 | 2.83 | 3.19 |
| R Squared | 0.00 | 0.13 | 0.16 |
| Std. Dev. | 6.32 | 11.99 | 9.38 |
| Sharpe | 1.68 | 0.80 | 2.00 |
Shareholder Information
| Manager | Michael L. Hong |
| Since | 02/08 |
| Manager Rating | NA |
| Inception Date | 12/27/1978 |
| Shareholders | NA |
| Dividends Paid | M |
| Minimum Initial Investment | $ |
| Minimum Subsequent Investment | $100 |
| IRA Minimum | $99 |
| IRA Available | Y | Check Writing | N | Phone Invest | Y |
| Phone Exchange | Y | Phone Redeem | Y | Auto Invest | Y |
| Wire Redeem | Y | Wire Fee | Y | Wire Transfer | Y |
Zacks Commentary for VWEHX
Zacks Blog: Top 5 Zacks #1 Ranked High Yield Mutual Funds
Oct 30, 2012
Zacks Blog: Top 5 Zacks #1 Ranked High Yield Mutual Funds
Sep 21, 2012
Zacks Blog: Top 5 Zacks #1 Ranked High Yield Mutual Funds
Aug 17, 2012
Zacks Blog: Top 5 Zacks #1 Ranked High Yield Mutual Funds
Jul 16, 2012
Zacks Blog: Top 5 Zacks #1 Ranked High Yield Mutual Funds
Jul 16, 2012
Zacks News for VWEHX
Race to Safety: Best High-Yielders - TheStreet.com
Jul 24, 2012
The Hidden Risks of High-Yield ETFs - TheStreet.com
Jul 9, 2012
Protect Your Portfolio With High-Yield Bond Funds - TheStreet.com
Mar 26, 2012
Junk bonds are hot, but there`s still plenty of fire - CNNMoney
Oct 24, 2011
Mixing Managed Funds With ETFs - TheStreet.com
Jul 6, 2011
Make Money in 2011: Your Investments - CNNMoney
Nov 11, 2010
Bonds: Avoid the next great bubble - CNNMoney
Jun 4, 2010
