Vanguard Long-Term Investment-Grade Investor ( VWESX ) a Zacks Rank #1 (Strong Buy) was incepted in July 1973 and is managed by the Wellington Management Company. VWESX's main objective is to seek a high and sustainable level of interest income. VWESX invests in a widely diversified group of long-term bonds, most of them issued by corporations with strong credit ratings. VWESX may also invest in U.S. Treasury securities and mortgage-backed securities. VWESX, to achieve a high degree of stability in interest income, maintains an average maturity of between 15 and 25 years. Within that range, the average maturity may be adjusted to take advantage of expected changes in interest rates. VWESX also seeks to improve returns or its income stream by emphasizing individual securities and sectors of the bond market that represent good value based upon historical yield relationships.
Vanguard Long-Term Investment-Grade Investor, managed by Vanguard Group , carries an expense ratio of 0.21%. Moreover, VWESX requires a minimal initial investment of $3,000.
VWESX has a history of positive total returns for over 10 years. Specifically, the fund's returns over the 1, 3, 5 year benchmarks; 1 year 8.26%, 3 year 6.36% and 5 year 7.82%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here .
VWESX's performance, as of the last filing, when compared to funds in its category was in the top 1% in 1 year, top 1% over the past 3 years, and in the 1% over the past 5 years.
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