# Vanguard Wellesley Income Fund Admiral Shares (VWIAX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vwiax for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Vanguard · Asset class: Multi-Asset - Strategy: Actively Managed · Inception: 2001-05-14 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. ## Key Facts | Metric | Value | |---|---| | Price | $62.18 | | Expense Ratio | 0.15% | | Assets Under Management | $44.60B | | NAV | $61.99 | | Holdings Count | 0 | | Distribution Yield (TTM) | 7.92% | | Annual Distribution (TTM) | $4.93 /share | | Distribution Frequency | Quarterly | | 52-Week Range | $60.31 – $65.21 | | Beta | 0.71 | ## Latest Distribution - Amount: $0.5669 /share - Ex-date: 2026-09-18 - Pay date: 2026-09-21 ## Frequently Asked Questions ### 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. ### Does VWIAX pay a dividend? Yes, Vanguard Wellesley Income Fund Admiral Shares (VWIAX) distributes dividends to shareholders. The trailing-twelve-month yield is 7.92%. Full dividend history is on this page. ### How often does VWIAX pay dividends? Vanguard Wellesley Income Fund Admiral Shares pays dividends Quarterly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is VWIAX's next ex-dividend date? The most recently announced ex-dividend date for VWIAX was 2026-09-18. The next ex-date typically follows Quarterly; once announced it appears at the top of the dividend history table on this page. ### How much will VWIAX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.15% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does VWIAX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VWIAX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does VWIAX cost more than a fund like VOO? VWIAX is actively managed (current expense ratio 0.15%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether VWIAX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to VWIAX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VWIAX (0.15%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/vwiax - Distribution history: https://www.dividenddata.com/funds/vwiax/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vwiax/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vwiax/expenses - Peer comparison: https://www.dividenddata.com/funds/vwiax/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.