Morningstar® Investment Profile™   Morningstar®
Disclosure
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Vanguard VIF High Yield Bond
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2022-05-31
Out of 631
High Yield Bond Funds
Morningstar®
Style Box™
What is this?
As of 2022-03-31
Total Fund Assets ($ Mil)
681.01
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks to provide a high level of current income.
The fund invests primarily in a diversified group of high-yielding, higher-risk corporate bonds-commonly known as "junk bonds"-with medium- and lower-range credit-quality ratings. It invests at least 80% of its assets in corporate bonds that are rated below Baa. The fund may not invest more than 20% of its assets in any of the following, in the aggregate: bonds with credit ratings lower than B or the equivalent, convertible securities, preferred stocks, and fixed and floating rate loans of medium- to lower-range credit quality.
  Morningstar Category: High Yield Bond
High-yield bond portfolios concentrate on lower-quality bonds, which are riskier than those of higher-quality companies. These portfolios generally offer higher yields than other types of portfolios, but they are also more vulnerable to economic and credit risk. These portfolios primarily invest in U.S. high-income debt securities where at least 65% or more of bond assets are not rated or are rated by a major agency such as Standard & Poor's or Moody's at the level of BB (considered speculative for taxable bonds) and below. 
  Investment Risks
High-Yield Bond Funds: Funds that invest in lower-rated debt securities (commonly referred to as junk bonds) involve additional risk because of the lower credit quality of the securities in the portfolio. There are risks associated with the possibility of a higher level of volatility and increased risk of default.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 0.0
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.0
Bullet Bonds Bonds 95.5
Bullet Cash Cash 2.8
Bullet Other Other 1.7
Asset Allocation Rescaled Graph
Data through 2022-03-31
Morningstar Fixed-Income Sectors
% Fund
Government 0.00
Corporate 97.22
Securitized 0.00
Municipal 0.00
Cash & Equivalents 2.78
Other 0.00
Data through 2022-03-31
Credit Analysis
% Bonds
AAA 0.00
AA -0.02
A 0.00
BBB 4.95
BB 55.45
B 32.01
Below B 4.54
Not Rated 3.07
Data through 2022-03-31
Credit Analysis Graph
Holding Status
Total Number of Stock Holdings 0
Total Number of Bond Holdings 569
% of Net Assets in Top 10 Holdings 7.33
Turnover % (as of 2021-12-31) 30.00
30 Day SEC Yield % 5.69
Top Holdings
Maturity
Date
Shares
Value
$000
% of Net
Assets
T-Mobile US Inc --- 6,974 7,414 1.07
Imola Merger Corp. --- 6,300 6,067 0.88
Herc Holdings Inc --- 5,966 6,048 0.87
Mozart Debt Merger Subordinated Incorporated --- 5,695 5,268 0.76
Xerox Holdings Corporation --- 4,685 4,577 0.66
DUN & BRADSTREET --- 4,545 4,499 0.65
Credit Suisse Group AG --- 4,455 4,499 0.65
Iqvia Inc --- 4,093 4,141 0.60
Nokia Corp --- 3,460 4,120 0.60
SS&C Technologies, Inc. --- 4,075 4,108 0.59
Data through 2022-03-31
  Principal Risks   
Credit and Counterparty, Extension, Prepayment (Call), Loss of Money, Not FDIC Insured, Income, Interest Rate, Market/Market Volatility, High-Yield Securities, Restricted/Illiquid Securities, Management
Show Risk Definitions
  Other Information
Inception Date: 1996-06-03
Portfolio Manager(s)
Michael L. Hong   (2008-02-14)
Michael L. Hong, CFA, Senior Managing Director and Fixed Income Portfolio Manager of Wellington Management. He has worked in investment management with Wellington Management since 1997 and has managed the Portfolio since 2008. Education: A.B., Harvard College.
Investment Advisor(s)
Wellington Management Company LLP
Issuer
Vanguard
Subadvisor(s)
---
Show Data Definitions

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