Vanguard Long-Term Investment-Grade Fund Investor Shares
VWESX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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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
- PO Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Jan 2, 1980
- CIK
- 0000106444
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Long-Term Investment-Grade Fund Investor Shares (VWESX) is an open-end mutual fund managed by The Vanguard Group, Inc., that seeks to provide a high and sustainable level of current income by investing primarily in a diversified portfolio of long-term investment-grade debt securities. The fund invests at least 80% of its assets in high-quality (rated investment-grade) bonds with maturities exceeding 10 years, including corporate bonds, U.S. Treasury and agency securities, municipal bonds, and mortgage-backed securities; it may allocate up to a lesser extent to medium-quality bonds and employ derivatives such as futures, swaps, and options for risk management and efficiency. Top holdings typically include issuers like Anheuser-Busch Companies LLC, Microsoft Corp., United States Treasury securities, JPMorgan Chase & Co., and Wells Fargo, with approximately 82% in corporate bonds, 8% in government securities, and 8% in taxable municipals, alongside minor cash and equity exposures; the portfolio maintains medium credit quality and extensive interest-rate sensitivity with an effective duration of about 12.8 years. Offered as part of Vanguard's investor share class, VWESX features a low net expense ratio of 0.21%, no sales loads, a minimum initial investment of $3,000, and subsequent investments from $1, with total net assets exceeding $11 billion as of recent reports. The fund targets individual and institutional investors seeking long-term bond exposure within the investment-grade segment of the fixed-income market, primarily in the United States, where it is domiciled and available for sale. Launched on July 9, 1973, and managed by a team including Scott St. John (since 2014), Daniel Shaykevich (since 2018), and Arvind Narayanan (since 2019), the fund operates from The Vanguard Group's headquarters in Malvern, Pennsylvania. Vanguard, founded in 1975 as the second-largest provider of ETFs and largest of mutual funds worldwide with over $11 trillion in global assets under management, owns the fund through its unique client-owned structure and supports operations across offices in the U.S., Canada, Europe, Asia, and Australia. In recent developments, VWESX featured in portfolio reallocation changes announced for Vanguard STAR Fund (VGSTX) in December 2024, with complete divestment from its long-term investment-grade holding to accommodate the launch of the new STAR Core-Plus Bond Fund (VCPSX) in Q1 2025, reflecting Vanguard's strategic shift toward enhanced fixed-income flexibility and balance in multi-asset funds. The fund has maintained its core investment objective and strategy amid broader Vanguard fee reductions in 2025 across various products, underscoring ongoing cost efficiencies for investors. No major partnerships, acquisitions, funding rounds, or product launches specific to VWESX have been reported in the last 1-2 years, with performance updates showing year-to-date returns around 7.5% as of mid-2025 amid favorable long-term bond market conditions.