VWIAX – Vanguard Wellesley® Income Admiral™ Investment Strategy | Morningstar

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Strategy

The investment seeks to provide long-term growth of income and a high and sustainable level of current income, along with moderate long-term capital appreciation. 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.

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
VWINX	Vanguard Wellesley® Income Fund Investor Shares	No Load	Open			Jul 1, 1970	$7.22B	0.220%	Low	$3,000	−$1.34B
VWIAX	Vanguard Wellesley® Income Fund Admiral™ Shares	Institutional	Open			May 14, 2001	$39.64B	0.150%	Low	$50,000	−$3.74B

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