Fact sheet | September 30, 2020

ファクトシートには以下の内容が記載されています。

Vanguard ®

バンガードウェルズリー
インカムファンド
VanguardWellesley®
Income Fund
Balanced fund (stocks and bonds) | Investor Shares
Fund facts
Risklevel
リスクレベルLow
123High
45Total net
純資産総額

Expense ratio
信託報酬率$12,260 MM

0.23%

assetsInvestment objective

投資目的・スタンス
Vanguard Wellesley Income Fund seeks toprovide long-term growth of income and a highand sustainable level of current income, alongwith moderate long-term capital appreciation.
Investment strategy

投資戦略について
The fund invests approximately 60% to 65% ofits assets in investment-grade corporate, U.S.
Treasury, and government agency bonds, as well
as mortgage-backed securities. The remaining
35% to 40% of fund assets are invested incommon stocks of companies that have ahistory of above-average dividends or
expectations of increasing dividends.

Tickerティッカー

as of 01/31/20

symbolTurnover rate
売買回転率

Inception
設定日
date

Fund
number

30.0%

07/01/700027

as of 09/30/20

VWINX

ベンチマークBenchmarkWellesley Income Composite Index

ファンドの成長率
Growthof a $10,000 investment : January 31, 2010—December 31, 2019$21,610Fund as of 12/31/19$21,105
Benchmarkas of 12/31/19
2010

2011

2012

2013

2014

2015

2016

Annual returns

2010

Fund

10.65

Benchmark

10.36

2017

2018

2011

2012

2013

2014

2015

9.63

10.06

9.19

8.07

1.28

8.94

9.88

8.44

9.33

0.79

2019

2016

2017

2018

2019

8.08

10.20

-2.57

16.39

8.44

9.06

-2.79

16.08

年次リターン
Annual returns

For the most up-to-date fund data,
please scan the QR code below.

Total returns
トータルリターン

Periods ended September 30, 2020

Total returns

QuarterYear to date

One yearThree years

Five years

Ten years

Fund

2.31%

2.72%

5.19%

6.29%

7.31%

7.34%

Benchmark

1.94%

0.93%

3.54%

5.39%

6.67%

6.97%

The performance data shown represent past performance, which is not a guarantee of future
リターンに関するご注意
results. Investment returns and principal value will fluctuate, so investors’ shares, when sold,may be worth more or less than their original cost. Current performance may be lower or higher
than the performance data cited. For performance data current to the most recent month-end,
visit our website at vanguard.com/performance .
Figures for periods of less than one year are cumulative returns. All other figures represent averageannual returns. Performance figures include the reinvestment of all dividends and any capital gains
distributions. All returns are net of expenses.

Fundallocation
資産配分
BondStock

Wellesley Income Composite Index: Weighted 65% bonds and 35% stocks. For bonds: Lehman U.S. Long Credit AAor Better Bond Index through March 31, 2000, and Bloomberg Barclays U.S. Credit A or Better Bond Index thereafter.
For stocks: 26% S&P 500/Barra Value Index and 9% S&P Utilities Index through June 30, 1996, when the utilities
component was split into the S&P Utilities Index (4.5%) and the S&P Telephone Index (4.5%); as of January 1, 2002,
the S&P Telephone Index was replaced by the S&P Integrated Telecommunication Services Index; as of July 1, 2006,
the S&P 500/Barra Value Index was replaced by the S&P 500/Citigroup Value Index; as of August 1, 2007, the threestock indexes were replaced by the FTSE High Dividend Yield Index.

59.1%
38.2

Short-Term Reserves

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2.7

Fact sheet | September 30, 2020

Vanguard Wellesley Income FundBalanced fund (stocks and bonds) | Investor Shares

債券発行体の分類
Distribution
by issuer–bonds

Ten largest holdings*

上位10銘柄1

Johnson & Johnson

2

Pfizer Inc.

3

Cisco Systems Inc.

4

Comcast Corp.

5

Procter & Gamble Co.

6

JPMorgan Chase & Co.

7

Verizon Communications Inc.

8

Bank of America Corp.

9

Medtronic plc

38.0%
28.1
9.6
9.1
7.2

Government
Foreign
Asset-Backed
Commercial Mortgage-Backed

4.0
2.3
1.4
0.3

Health Care
Financials
Consumer Staples
Industrials
Information Tech
Utilities

18.8%
17.3
14.1
13.3
9.8
8.9

Communication Services
Consumer Discretionary
EnergyReal Estate
Materials
Other

6.6
4.6
3.4
2.2
1.0
0.0

セクター別の割合
Sector Diversification

10 Progressive Corp.
Top 10 as % of total net assets

Industrial
FinanceUtilities
Treasury/Agency
Other

12.2%

* The holdings listed exclude any temporary cash
investments and equity index products.

Sector categories are based on the Global Industry Classification Standard (“GICS”), except
for the “Other” category (if applicable), which includes securities that have not been
provided a GICS classification as of the effective reporting period.
（ご参考）セクターに関する用語
・Health Care：ヘルスケア・Financials：金融関連・Consumer Staples ：生活必需品
・Industrials：資本財・サービス
・Information Tech ：IT関連
・Utilities：公共関連

Communication Services
Consumer Discretionary
EnergyReal Estate
Materials：通信：一般消費財：エネルギー：不動産：素材※上記以外の項目も記載される場合がございます。

リスクについての説明

Connect with Vanguard ® > vanguard.com
Plain talk about risk
The fund is subject to several bond and stock market risks, any of which could cause an investor to lose money. However, because bond and stock prices canmove in different directions or to different degrees, the fund’s bond and short-term investment holdings may counteract some of the volatility experienced by
the fund’s stock holdings. The fund’s performance could be hurt by:Interest rate risk: The chance that bond prices will decline because of rising interest rates.
Income risk: The chance that the fund’s income will decline because of falling interest rates.
Credit risk: The chance that a bond issuer will fail to pay interest or principal in a timely manner or that negative perceptions of the issuer’s ability to make suchpayments will cause the price of that bond to decline. Credit risk should be low for the fund because it purchases only bonds that are of investment-grade
quality.
Call risk: The chance that during periods of falling interest rates, issuers of callable bonds may call (redeem) securities with higher coupon rates or interest
rates before their maturity dates. The fund would then lose any price appreciation above the bond’s call price and would be forced to reinvest the unanticipatedproceeds at lower interest rates, resulting in a decline in the fund’s income.
Stock market risk: The chance that stock prices overall will decline. Stock markets tend to move in cycles, with periods of rising stock prices and periods offalling stock prices.
Investment style risk: The chance that returns from large-capitalization value stocks will trail returns from the overall stock market. Large-cap stocks tend togo through cycles of doing better—or worse—than other segments of the stock market or the stock market in general. These periods have, in the past, lasted
for as long as several years.
Manager risk: The chance that poor security selection will cause the fund to underperform relevant benchmarks or other funds with a similar investment
objective.
Note on frequent trading restrictions
Frequent trading policies may apply to those funds offered as investment options within your plan. Please log on to vanguard.com for your employer plans orcontact Participant Services at 800-523-1188 for additional information.
For more information about Vanguard funds or to obtain a prospectus, see below for which situation is right for you.
If you receive your retirement plan statement from Vanguard or log on to Vanguard’s website to view your plan, visit vanguard.com or call 800-523-1188 .
If you receive your retirement plan statement from a service provider other than Vanguard or log on to a recordkeeper’s website that is not Vanguard to view
your plan, please call 855-402-2646 .
Visit vanguard.com to obtain a prospectus or, if available, a summary prospectus . Investment objectives, risks, charges, expenses, and otherimportant information about a fund are contained in the prospectus; read and consider it carefully before investing .
Financial advisor clients: For more information about Vanguard funds, contact your financial advisor to obtain a prospectus.

Investment Products: Not FDIC Insured • No Bank Guarantee • May Lose Value© 2020 The Vanguard Group, Inc. All rights reserved. Vanguard Marketing Corporation, Distributor.

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