Address And Details
100 Vanguard Blvd. , Malvern, PA 19355 | |
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Fund Manager | Michael L. Hong |
Manager Tenure | 14 Years 3 Months |
Strategy And Objective
The Fund seeks to provide a high level of current income. The Fund invests primarily in a diversified group of high-yielding, higher-risk corporate bonds commonly known as junk bonds with medium- and lower-range credit quality ratings. The Fund invests at least 80% of its assets in corporate bonds that are rated below Baa by Moodys Investors Service, Inc. (Moodys); have an equivalent rating by any other independent bond rating agency; or, if unrated, are determined to be of comparable quality by the Funds advisor. The Fund may not invest more than 20% of its assets in any of the following, in the aggregate: bonds with credit ratings lower than B or the equivalent, convertible securities, preferred stocks, and fixed and floating rate loans of medium- to lower-range credit quality. The loans in which the Fund may invest will be rated Baa or below by Moodys; have an equivalent rating by any other independent bond rating agency; or, if unrated, are determined to be of comparable quality by the Funds advisor. The Funds high-yield bonds and loans mostly have short- and intermediate-term maturities.
Equity Sector Breakdown
ConsumerDurables | n/a | |
Energy | n/a | |
Finance | n/a | |
Health | n/a | |
IndustrialCyclical | n/a | |
NonDurables | n/a | |
RetailTrade | n/a | |
Services | n/a | |
Technology | n/a | |
Utilities | n/a |
Asset Allocation
Asset Type | % Of Allocation | |
---|---|---|
Bonds | 97.50% | |
Cash | 2.70% | |
Stocks | 0.00% | |
Preferred | 0.00% | |
Convertible | 0.00% | |
ForeignStocks | 0.00% | |
ForeignBonds | 0.00% | |
ForeignHedged | 0.00% | |
Other | -0.20% |
Total Net Assets | 3.26 B |
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Risk Measures
Criteria | 3 Years | 5 Years | 10 Years |
---|---|---|---|
Alpha | 2.16 | 2.27 | 3.41 |
Beta | 0.80 | 0.69 | 0.67 |
R Squared | 0.20 | 0.15 | 0.16 |
Std Deviation | 8.24 | 6.97 | 5.87 |
Sharpe Ratio | 0.25 | 0.35 | n/a |
Purchase Information
as of 5:41 PM ET 05/12/2022Minimum Initial | $3000 |
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Minimum Additional | $1 |
Minimum Initial IRA | $0 |
Performance
Timeframe | Average Annual Current Performance Monthly As Of 04/30/2022 | Average Annual Current Performance Quarterly As Of 03/31/2022 | Avg Annual Current Performance Monthly As Of 04/30/2022 | Avg Annual Current Performance Quarterly As Of 03/31/2022 |
---|---|---|---|---|
1 Year |
|
|
-5.05% | -0.59% |
3 Year |
|
|
+2.33% | +4.02% |
10 Year |
|
|
+4.68% | +5.15% |
Life Of Fund |
|
|
+7.88% | +7.98% |