Vanguard High-Yield Corporate Fund Investor Shares VWEHX NASDAQ

Vanguard High-Yield Corporate Fund Investor Shares is a fixed-income fund that invests primarily in a diversified portfolio of high-yield corporate bonds, commonly referred to as "junk bonds," which offer higher yields but carry greater credit risk. The fund allocates at least 80% of its assets to corporate bonds rated below Baa by Moody's Investors Service or equivalent ratings from other independent rating agencies, or unrated securities deemed comparable in quality by the fund's advisor. The portfolio focuses on bonds and loans with short- to intermediate-term maturities, providing investors exposure to lower-quality corporate debt with the potential for enhanced income returns.