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Address And Details

100 Vanguard Blvd. , Malvern, PA 19355
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.

Net Asset Value

as of 5:34 PM ET 05/13/2022

Performance

  • 1 Week
  • -0.93%
  • 1 Month
  • -3.80%
  • 3 Months
  • -6.50%
  • 1 Yr Return
  • -10.44%
  • 5 Yr Return
  • -10.29%

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

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 05/12/2022
Minimum Initial $3000
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%
-5.05% -0.59%
3 Year
  • +2.33%
  • +4.02%
+2.33% +4.02%
10 Year
  • +4.68%
  • +5.15%
+4.68% +5.15%
Life Of Fund
  • +7.88%
  • +7.98%
+7.88% +7.98%

Top 10 Holdings

Symbol Company Name % Of Assets
n/a

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