Vanguard Wellington Fund Admiral Shares
VWENX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- May 14, 2001
- CIK
- 0000105563
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Wellington Fund Admiral Shares (VWENX) is a balanced mutual fund managed by Vanguard Group that seeks long-term capital appreciation and moderate current income through a diversified portfolio consisting of 60% to 70% in dividend-paying and non-dividend-paying common stocks of established large companies and 30% to 40% in investment-grade fixed income securities, including corporate bonds, U.S. Treasury and agency securities, mortgage-backed securities, taxable municipal bonds, and asset-backed securities. The equity sleeve targets 50 to 80 large-cap stocks with a focus on quality companies exhibiting robust balance sheets and earnings potential via an intrinsic value approach, while the fixed-income sleeve emphasizes corporate credit (around 60%), asset-backed and taxable municipal bonds (around 20%), and Treasuries/agencies for liquidity (around 20%), with duration maintained near its benchmark. Available primarily to U.S. investors with a minimum initial investment of $50,000, the Admiral Shares class features a low net expense ratio of 0.17% and targets institutional and high-net-worth individuals in the moderate allocation category. Launched in 2001 as the Admiral Shares class of the original Wellington Fund established in 1928, VWENX operates under the subadvisory of Wellington Management Company LLP, with equity led by Daniel Pozen since 2020 and fixed income by Loren Moran since 2021, supported by dedicated analyst teams leveraging Wellington's global research resources. Headquartered in Malvern, Pennsylvania, through parent Vanguard Group (founded 1975), the fund benefits from Vanguard's low-cost structure and serves clients across the United States, with total assets exceeding $107 billion. Recent developments include a 2024 adjustment to the equity risk management policy capping any single S&P 500 stock's active risk contribution at 10%, prompting additions like an underweight Tesla position to mitigate benchmark concentration risks; increased technology exposure aligning with the S&P 500 (34% as of December 2024); and strong 2024 performance of 14.9% driven by large-cap bias and "Magnificent Seven" holdings. In April 2025, Vanguard entered a strategic alliance with Wellington Management and Blackstone to develop multi-asset solutions integrating public and private markets, with Wellington filing in May 2025 for the inaugural WVB All Markets Fund (launching late 2025), allocating 25%-40% to private markets alongside public stocks and bonds. Vanguard also implemented its largest fee cuts in early 2025 and expanded low-cost bond ETFs, reinforcing its commitment to cost efficiency amid robust asset inflows.