Vanguard Wellesley Income Fund Admiral Shares

Frequently Asked Questions About VWIAX

What does VWIAX invest in?

The fund employs an active management approach, typically investing 60% to 65% of its assets in investment-grade fixed income securities, including corporate, U.S. Treasury, and government agency bonds, as well as mortgage-backed securities. The remaining 35% to 40% of fund assets are invested in common stocks of companies that have a history of above-average dividends or expectations of increasing dividends.

What is the expense ratio of VWIAX?

Vanguard Wellesley Income Fund Admiral Shares (VWIAX) charges an expense ratio of 0.15%. This is the annual fee deducted from fund assets to cover management and operations.

What is VWIAX's dividend yield?

VWIAX's trailing-twelve-month yield is 7.92%, calculated from the sum of dividends over the past year divided by the current price.

How big is VWIAX?

Vanguard Wellesley Income Fund Admiral Shares (VWIAX) manages $44.60B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is VWIAX actively managed or an index fund?

VWIAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (VWIAX's is 0.15%) in exchange for the discretion to over- or under-weight positions.

When was VWIAX launched?

Vanguard Wellesley Income Fund Admiral Shares (VWIAX) launched in May 2001 and is managed by Vanguard.