Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX)
Vanguard Long-Term Investment-Grade Fund Investor Shares operates in the Asset Management industry of the Financial Services sector, headquartered in Malvern, PA, US. The stock last traded at $7.26, up 0.14% on the session, giving a market capitalisation of $10.17B. On trailing twelve-month figures it carries a trailing P/E of 38.21, a net margin of 28.6%. Its beta of 1.99 implies it has historically moved more than the broad market.
This fund offers broad investment in a diverse selection of medium- and high-quality, investment-grade corporate bonds, typically holding those with an extended average maturity of 15 to 25 years. Its portfolio is primarily composed of corporate debt instruments, supplemented by a modest allocation to taxable municipal bonds, all adhering to this long-term maturity profile. A principal risk for this offering is its susceptibility to interest rate fluctuations; an increase in rates could devalue its underlying bonds, consequently impacting the fund's share price. Investors should be aware that longer-duration bonds are particularly sensitive to such interest rate changes. This fund may appeal to those seeking steady interest income who are also prepared to accept substantial interest rate risk.
Vanguard Long-Term Investment-Grade Fund Investor Shares is most often compared with the following Financial Services names: