Fund Facts  

Inception Date: May 14, 2001
Ticker Symbol: VWENX
Morningstar Category:Allocation--50% to 70% Equity
As of Jun 30, 2016
Fund Net Assets ($millions) $90,329

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks to provide long-term capital appreciation and moderate current income.

Principal Investment Strategies  

The fund invests 60% to 70% of its assets in dividend-paying and, to a lesser extent, non-dividend-paying common stocks of established large companies. The remaining 30% to 40% of the fund's assets are invested mainly in fixed income securities that the advisor believes will generate a moderate level of current income. These securities include investment-grade corporate bonds, with some exposure to U.S. Treasury and government agency bonds, and mortgage-backed securities.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Fund’s prospectus or other disclosure documents for information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Jun 30, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Vanguard Wellington Admirala3.08%5.06%4.84%8.39%9.05%7.50%7.27%
S&P 500 Indexa,b2.46%3.84%3.99%11.66%12.10%7.42%N/A
Morningstar Allocation -- 50% to 70% Equitya,c2.19%3.17%-0.13%5.86%6.14%5.24%N/A

Fund past performance, as shown, is no guarantee of how the fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total Expensesa0.18%

 

a. Certain information including, but not limited to, benchmark performance or other performance and/or fee information, is provided by Morningstar, Inc., © 2016 All rights reserved. This information: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed and (3) is not warranted to be accurate, complete or timely. Neither Morningstar and/or its content providers are responsible for any damages or losses arising from any use of information. Morningstar is a registered trademark of Morningstar, Inc.

b. The S&P 500 Index consists of 500 companies representing larger capitalization stocks traded in the U.S.

c. The Fund’s Morningstar Category Average is a group of funds with similar investment objectives and strategies and is the equal-weighted return of all funds per category. Morningstar places funds in certain categories based on a fund’s historical portfolio holdings.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Jun 16, 2016Jun 16, 2016$0.454000000
Mar 16, 2016Mar 16, 2016$0.405000000
Dec 24, 2015Dec 24, 2015$2.908000000
Sep 18, 2015Sep 18, 2015$0.433000000
Jun 19, 2015Jun 19, 2015$0.433000000
Mar 26, 2015Mar 26, 2015$0.409000000
Dec 26, 2014Dec 26, 2014$3.095000000
Sep 19, 2014Sep 19, 2014$0.432000000
Jun 20, 2014Jun 20, 2014$0.417000000
Mar 28, 2014Mar 28, 2014$0.431000000
Dec 26, 2013Dec 26, 2013$3.126000000
Sep 26, 2013Sep 26, 2013$0.411000000
Jun 27, 2013Jun 27, 2013$0.428000000
Mar 27, 2013Mar 27, 2013$0.381000000
Dec 28, 2012Dec 28, 2012$1.245000000
Sep 27, 2012Sep 27, 2012$0.400000000
Jun 28, 2012Jun 28, 2012$0.425000000
Mar 29, 2012Mar 29, 2012$0.403000000
 

Morningstar Information

Morningstar Rating   As of Jun 30, 2016
Period Stars Category Size
Overall 5 Stars820
3-Year 5 Stars820
5-Year 5 Stars704
10-Year 5 Stars479

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Jun 30, 2016
Equity Stylebox Fixed Income Stylebox
Large ValueMedium Extensive
Allocation of Assets As of Mar 31, 2016
Type of Asset Percent
Equity65%
Fixed Income33%
Cash/Other2%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Mar 31, 2016
Asset ClassPercent
Domestic Stock57.7%
Foreign Stock7.8%
Domestic Bond26.8%
Foreign Bond6.2%
Preferred0.0%
Convertible0.0%
Cash1.0%
Other0.5%

Due to rounding, percentages shown may not add up to 100%.

 
Fixed Income Sector As of Mar 31, 2016
SectorPercent
Corporate22.2%
Government6.3%
Securitized3.4%
Municipal1.1%
Cash & Equivalents1.0%

Exposure reflects fixed income securities only and will sum to the fixed income exposure of the fund.

 
Credit Quality As of Mar 31, 2016
Quality LevelPercent
AAA23.8%
AA12.3%
A44.7%
BBB19.3%
BB0.0%
B0.0%
Below B0.0%
Not Rated0.0%

Due to rounding, percentages shown may not add up to 100%. Exposure reflects fixed income securities only.

 
Top Ten Holdings As of Mar 31, 2016
Holding NamePercent
Wells Fargo & Co2.3%
Microsoft Corp2.2%
Merck & Co Inc2.0%
Verizon Communications Inc1.9%
Comcast Corp Class A1.9%
Chevron Corp1.6%
Alphabet Inc A1.6%
JPMorgan Chase & Co1.5%
Chubb Ltd1.4%
Intel Corp1.4%
 

Statistics

Portfolio Statistics As of Jun 30, 2016
Statistic3-Year5-Year
Beta1.030.98
Alpha2.473.15
Standard Deviation7.497.99
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.