Vanguard Wellesley Income Inv (VWINX - MF report) a Zacks Ranked #1 (Strong Buy) was created in July 1970 and is managed by Wellington Management Company. The objective of VWINX is to seek high level of income, long-term growth of income, and moderate long-term growth of capital. VWINX's assets are divided between bonds and common stocks, with 60% to 65% of its assets in high-quality long-term and intermediate-term bonds and the remainder in dividend-paying stocks. In keeping with VWINX's conservative orientation, asset allocation changes are made gradually when desirable to improve the income stream or in reaction to the relative value of the stock and bond markets.

This Allocation Balanced product, as of the last filing, allocates their fund in four major groups; Intermediate Bond, Large Value, Large Growth and Foreign Stock. Further, as of the last filing, Microsoft Corporation (MSFT), Wells Fargo & Company (WFC), and JPMorgan Chase & Co. (JPM) were the top holdings for VWINX.

Vanguard Wellesley Income Inv, managed by Vanguard Group, carries an expense ratio of 0.23%. Moreover, VWINX requires a minimal initial investment of $3,000.

VWINX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 3, 5 year benchmarks; 3 year 3.87% and 5 year 6.06%. To see how this fund performed compared in its category, please click here.

VWINX’s performance, as of the last filing, when compared to funds in its category was in the top 4% in 1 year, top 32% over the past 3 years, and in the 11% over the past 5 years.