This Vanguard Fund Is Conservatism at Its Best
Gold-rated Vanguard Wellesley Income's management, proven strategy, and rock-bottom fees inspire confidence for the long term.
The following is our latest Fund Analyst Report for Vanguard Wellesley Income (VWINX). Morningstar Premium Members have access to full analyst reports such as this for more than 1,000 of the largest and best mutual funds. Not a Premium Member? Gain full access to our analyst reports and advanced tools immediately when you try Morningstar Premium free for 14 days.
Vanguard Wellesley’s outperformance over the past year through May 2016 epitomizes why it receives a Morningstar Analyst Rating of Gold. In a rough market, the fund's 4.9% gain edged past its customized benchmark (weighted 65% in the Barclays U.S. Credit A or Better Index, 35% in the FTSE High Dividend Yield Index) and placed in the allocation--30% to 50% equity Morningstar Category's top 1%. The fund's longer-term record is also superior. Since the shared tenure of fixed-income manager John Keogh and equity manager Michael Reckmeyer began in July 2008, the fund’s 8% annualized gain through May 2016 places second out of about 100 peers, while its Morningstar Risk-Adjusted Return places first.
Alec Lucas does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.