Asset Allocation Strategies

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Vanguard Wellesley Income Fund holdings -


Stocks - 36.69%

Bonds - 61.24%

Short-term reserves - 2.07%
_______________________________


30 day SEC yield - 3.4% as of 11/30/2018

Expense ratio - 0.22%

Fund total net assets
$51.7 billion

Net assets of 10 largest holdings
11.6%

Number of stocks
72

Number of bonds
1042

Average effective maturity
9.3 years%

Average duration
6.3 years

10 largest holdings

(11.60% of total net assets) as of 10/31/2018

1 JPMorgan Chase & Co.
2 Verizon Communications Inc.
3 Johnson & Johnson
4 Pfizer Inc.
5 Cisco Systems Inc.
6 Philip Morris International Inc.
7 Chevron Corp.
8 Eli Lilly & Co.
9 Comcast Corp.
10 Suncor Energy Inc.




>>> 72 Stock Holdings

JPMorgan Chase & Co.
Johnson & Johnson
Cisco Systems Inc.
Pfizer Inc.
Verizon Communications Inc.
Suncor Energy Inc.
Philip Morris International Inc.
Chevron Corp.
Eli Lilly & Co.
Exxon Mobil Corp.
DowDuPont Inc.
Intel Corp.
Comcast Corp. Class A
Unilever NV
Wells Fargo & Co.
Merck & Co. Inc.
Medtronic plc
Analog Devices Inc.
MetLife Inc.
Coca-Cola Co.
Union Pacific Corp.
Eaton Corp. plc
Lockheed Martin Corp.
Dominion Energy Inc.
Caterpillar Inc.
Crown Castle International Corp.
Bristol-Myers Squibb Co.
Novartis AG
NextEra Energy Inc.
Eversource Energy
TransCanada Corp.
Procter & Gamble Co.
QUALCOMM Inc.
PepsiCo Inc.
Duke Energy Corp.
3M Co.
McDonald's Corp.
Canadian Natural Resources Ltd.
Koninklijke Philips NV
Roche Holding AG
Sempra Energy
Travelers Cos. Inc.
American Electric Power Co. Inc.
Kinder Morgan Inc./DE
Nutrien Ltd.
Home Depot Inc.
Occidental Petroleum Corp.
BAE Systems plc
Schlumberger Ltd.
Kraft Heinz Co.
Chubb Ltd.
BB&T Corp.
International Paper Co.
Maxim Integrated Products Inc.
M&T Bank Corp.
BCE Inc.
American International Group Inc.
Nestle SA
Xcel Energy Inc.
British American Tobacco plc
PNC Financial Services Group Inc.
Mondelez International Inc. Class A
Exelon Corp.
Phillips 66
Sysco Corp.
Cie Generale des Etablissements Michelin SCA
Bank of Nova Scotia
BlackRock Inc.
LyondellBasell Industries NV Class A
Edison International
Broadcom Inc.
KLA-Tencor Corp.

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