Any investors hoping to find a Mutual Fund Equity Report fund could think about starting with Vanguard Wellesley Income Admiral (
VWIAX Quick Quote VWIAX - Free Report) . VWIAX has a Zacks Mutual Fund Rank of 1 (Strong Buy), which is based on nine forecasting factors like size, cost, and past performance. History of Fund/Manager
Vanguard Group is based in Malvern, PA, and is the manager of VWIAX. Vanguard Wellesley Income Admiral debuted in May of 2001. Since then, VWIAX has accumulated assets of about $50.11 billion, according to the most recently available information. Loren L. Moran is the fund's current manager and has held that role since January of 2017.
Obviously, what investors are looking for in these funds is strong performance relative to their peers. This fund in particular has delivered a 5-year annualized total return of 5.42%, and it sits in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of 4.74%, which places it in the top third during this time-frame.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. VWIAX's standard deviation over the past three years is 8.53% compared to the category average of 12.48%. Over the past 5 years, the standard deviation of the fund is 7.31% compared to the category average of 11.01%. This makes the fund less volatile than its peers over the past half-decade.
With a 5-year beta of 0.38, the fund is likely to be less volatile than the market average. Alpha is an additional metric to take into consideration, since it represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which in this case, is the S&P 500. With a negative alpha of -0.26, managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
For investors, taking a closer look at cost-related metrics is key, since costs are increasingly important for mutual fund investing. Competition is heating up in this space, and a lower cost product will likely outperform its otherwise identical counterpart, all things being equal. In terms of fees, VWIAX is a no load fund. It has an expense ratio of 0.16% compared to the category average of 0.86%. Looking at the fund from a cost perspective, VWIAX is actually cheaper than its peers.
Investors need to be aware that with this product, the minimum initial investment is $50,000; each subsequent investment needs to be at least $1.
Overall, Vanguard Wellesley Income Admiral ( VWIAX ) has a high Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, this fund looks like a good potential choice for investors right now.
Don't stop here for your research on Mutual Fund Equity Report funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out
www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare VWIAX to its peers as well for additional information. If you are more of a stock investor, make sure to also check out our Zacks Rank, and our full suite of tools we have available for novice and professional investors alike.