VWESX – Vanguard Long-Term Investment-Grade Inv Investment Strategy | Morningstar

Morningstar

Strategy

The investment seeks to provide a high and sustainable level of current income. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in investment-grade fixed income securities. For purposes of the 80% policy, investment-grade fixed income securities are those rated the equivalent of Baa3 and above by Moody’s or another independent rating agency or, if unrated, are determined to be of comparable quality by the fund’s advisor. It may invest in derivatives instruments, such as options, futures contracts, and other swap agreements.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VWESX	Vanguard Long-Term Investment-Grade Fund Investor Shares	No Load	Open			Jul 9, 1973	$819.57M	0.210%	Below Average	$3,000	−$126.76M
VWETX	Vanguard Long-Term Investment-Grade Fund Admiral Shares	Institutional	Open			Feb 12, 2001	$8.94B	0.100%	Below Average	$50,000	−$803.71M

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