| Ticker: | VWESX |
| Manager: | Lucius T. Hill III |
| Manager Since: | 02/08 |
| NAV (05/20/2013): | 10.62 |
| Objective: | Fixed Income - Corp Inv |
| Peer: | CG LT |
| Net Assets ($mil): | 4429.00 |
| Inception: | 07/09/1973 |
The fund was incepted in July 1973 and is managed by the Wellington Management Company. The fund's main objective is to seek a high and sustainable level of interest income. The fund invests in a widely diversified group of long-term bonds, most of them issued by corporations with strong credit ratings. It may also invest in U.S. Treasury securities and mortgage-backed securities. The fund, to achieve a high degree of stability in interest income, maintains an average maturity of between 15 and 25 years. Within that range, the average maturity may be adjusted to take advantage of expected changes in interest rates. The fund also seeks to improve returns or its income stream by emphasizing individual securities and sectors of the bond market that represent good value based upon historical yield relationships. Dividends are declared daily and distributed monthly. Capital gains, if any, are distributed annually in Decem...
| Stocks | 0.00% |
| Foreign Stocks | 0.00% |
| Cash | 1.50% |
| Bonds | 97.61% |
| Foreign Bonds | 0.00% |
| Preferred | 0.00% |
| Convertible | 0.00% |
| Other | 0.90% |
| Foreign Hedged | 0.00% |
| Large Growth | NA |
| Large Value | NA |
| Small Growth | NA |
| Small Value | NA |
| Foreign Stock | NA |
| Emerging Market | NA |
| Precious Metals | NA |
| Intermediate Bond | NA |
| High Yield Bond | NA |
| Foreign Bond | NA |
| Beta v. S&P 500 | -0.12 |
| Beta v. EAFE | 0.11 |
| Beta v. Barclays Agg Bond | 2.62 |
| Alpha 3 Yr | -2.76 |
| Alpha 5 Yr | -4.80 |
| R-Sq 3 Yr | 0.65 |
| R-Sq 5 Yr | 0.78 |
| Std Dev 3 Yr | 8.16 |
| Std Dev 5 Yr | 11.84 |
| Sharpe 3 Yr | 1.50 |
| Sharpe 5 Yr | 0.93 |
| Expense Ratio | 0.22 |
| % Max Load | NA |
| % Min Load | NA |
| % Deferred Load | NA |
| % Redemption | NA |
| % Max 12 B1 Fee | 0.00 |
| % Max Mgt Fee | 0.19 |
| Min Initial Investment | 3000 |
| Min Subsequent Investment | 100 |
| 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | YTD | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV ($) | 9.27 | 9.55 | 9.52 | 9.25 | 9.06 | 8.72 | 8.92 | 9.34 | 10.29 | 10.85 | 10.62 |
| Total Return (%) | 6.25 | 8.93 | 5.00 | 2.34 | 3.25 | 2.29 | 8.75 | 10.71 | 17.14 | 10.79 | 2.53 |
| Annual Dividend Yield (%) | 5.41 | 5.19 | 5.03 | 4.88 | 5.05 | 5.62 | 5.59 | 5.35 | 4.80 | 4.38 | 4.29 |
| Relative Performance | |||||||||||
| Rel Performance-S&P500(%) | 21.50 | 45.96 | 25.77 | -19.87 | -37.05 | -21.46 | 28.21 | 41.55 | 92.82 | 65.59 | 16.51 |
| Rel Performance-Obj.Ret.(%) | 10.40 | 60.46 | 35.23 | -10.49 | -19.22 | 94.70 | -37.50 | 39.98 | 127.90 | 47.91 | 12.40 |
| Ret.Quintile vs Obj(1 is best) | 2 | 1 | 1 | 5 | 4 | 1 | 4 | 1 | 1 | 1 | 1 |
| Turnover, Yields, and Gains | |||||||||||
| Fund Assets Net($mil) | 3,851 | 3,861 | 4,408 | 4,173 | 4,304 | 3,110 | 3,871 | 4,291 | 4,004 | 4,524 | 4,429 |
| Annual Turnover (%) | 33.00 | 11.00 | 16.00 | 0.00 | 15.00 | 15.00 | 24.00 | 21.00 | 19.00 | 29.00 | 21.00 |
| Annual Dividend Paid ($) | 0.52 | 0.52 | 0.50 | 0.47 | 0.48 | 0.51 | 0.52 | 0.52 | 0.52 | 0.50 | 0.16 |
| Annual Capital Gains Paid($) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.08 | 0.03 | 0.00 |
| 1 Month | 3 Month | 6 Month | YTD | 1 Year | 3 Year | 5 Year | 10 Year | 15 Year | 20 Year | |
|---|---|---|---|---|---|---|---|---|---|---|
| Total Return (through 05/13) | 3.57% | 4.05% | 0.61% | 2.53% | 10.17% | 11.99% | 10.51% | 7.26% | 7.43% | 7.69% |
| Ret. Percentile vs. Obj. (1 is best) | 1 | 2 | 75 | 11 | 6 | 1 | 1 | 3 | 2 | 1 |
| Average Price/Earnings | NA |
| Average Price/Book | NA |
| Average EPS Growth | NA |
| Average Market Value | NA |
| Name | Weight | Shares |
|---|---|---|
| Data not available | ||