John Hancock Retirement Plan Services

Vanguard Wellesley Income Fund (Admiral Shares)

AS OF 2024-06-30
INVESTMENT STRATEGY:

The investment seeks to provide long-term growth of income and a high and sustainable level of current income, along with moderate long-term capital appreciation. The fund invests approximately 60% to 65% of its assets in investment-grade fixed income securities, including corporate, U.S. Treasury, and government agency bonds, as well as mortgage-backed securities. The remaining 35% to 40% of fund assets are invested in common stocks of companies that have a history of above-average dividends or expectations of increasing dividends.

Fund Category:
Balanced/Asset Allocation
Morningstar Categoryc3:
Allocation--30% to 50% Equity

PORTFOLIO DETAILS

Ticker VWIAX
Inception Date 2001-05-14
Gross Expense Ratiof1 (%) 0.16
Net Expense Ratiof1 (%) 0.16
Fund Total Net Assets ($M) 41,508.06
Management Company Wellington Management Company LLP
Portfolio Managers Loren L. Moran
Matthew C Hand
Management Company Contact 800-662-7447
Blackout Holding Period (Days) 30
Blackout Minimum Amount ($) 0.00

TOP TEN HOLDINGS AS OF 2024-03-31

% of Assets

JPMorgan Chase & Co 1.85
Merck & Co Inc 1.53
United States Treasury Notes 1.22
United States Treasury Notes 1.22
ConocoPhillips 1.13
EOG Resources Inc 1.12
Johnson & Johnson 1.11
Pfizer Inc 1.09
Cisco Systems Inc 0.92
Broadcom Inc 0.83

Average Annual Total Returns %

As of 2024-06-30
Vanguard Wellesley Income Fund
YTD 1.96
1 Year 6.92
3 Year 0.88
5 Year 4.27
10 Year 5.07
Since Inception
Dow Jones U.S. Moderately Consi45
YTD 3.07
1 Year 7.54
3 Year 0.54
5 Year 4.51
10 Year 4.95
Since Inception --
Allocation--30% to 50% Equityb5
YTD 4.05
1 Year 9.14
3 Year 0.70
5 Year 4.25
10 Year 4.06
Since Inception --
Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to market volatility, current performance may be less or higher than the figures shown. Investment return and principal value will fluctuate so that upon redemption, shares may be worth more or less than their original cost. Performance data does not reflect deduction of redemption fee, which, if such fee exists, would lower performance. For current to the most recent month-end performance information, please log onto myplan.johnhancock.com or call a John Hancock representative at (800) 294-3575.
  YTD 1 Year 3 Year 5 Year 10 Year Since Inception
Vanguard Wellesley Income Fund 1.96 6.92 0.88 4.27 5.07 --
Dow Jones U.S. Moderately Consi45 3.07 7.54 0.54 4.51 4.95 --
Allocation--30% to 50% Equityb5 4.05 9.14 0.70 4.25 4.06 --
Performance data quoted represents past performance. Past performance is no guarantee of future results. Due to market volatility, current performance may be less or higher than the figures shown. Investment return and principal value will fluctuate so that upon redemption, shares may be worth more or less than their original cost. Performance data does not reflect deduction of redemption fee, which, if such fee exists, would lower performance. For current to the most recent month-end performance information, please log onto myplan.johnhancock.com or call a John Hancock representative at (800) 294-3575.

Hypothetical Growth of $10,000

Portfolio Snapshotb2

  Long % Short % Net %

Top Sectorsb2 (%)

Top Countriesb2 (%)

Morningstar Category: Allocation--30% to 50% Equity

Funds in allocation categories seek to provide both income and capital appreciation by primarily investing in multiple asset classes, including stocks, bonds, and cash. These moderately conservative strategies prioritize preservation of capital over appreciation. They typically expect volatility similar to a strategic equity exposure between 30% and 50%.

Equity Style Box

Fixed Income Style Box

Morningstar Ratingm1

Overall

Out of 446 funds

4 Star Rating
3 Year

Out of 446 funds

3 Star Rating
5 Year

Out of 410 funds

3 Star Rating
10 Year

Out of 305 funds

5 Star Rating

m1. For each fund with at least a three-year history, Morningstar calculates a Morningstar RatingTM based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance(not including the effects of sales charges, loads, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Exchange traded funds and open-ended mutual funds are considered a single population for comparative purposes. The top 10% of funds in each category receive five stars, then next 22.5% receive four stars, the middle 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. The Overall Morningstar RatingTM for a fund is derived from a weighted average of the performance figures associated with its three-, five- and 10-year (if applicable) Morningstar RatingTM metrics. The rating formula most heavily weights the three year rating, using the following calculation: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. Past performance does not guarantee future results.

Key Statistics

Turnover Ratio (%) (annualized) 53
Sharpe Ratiob54 (3y) -0.21
# of Stock Holdings 67
# of Bond Holdings 1366

Morningstar Volatility Analysis

Best 2-month Period Jul. 09 - Sep. 09 10.17
Worst 2-month Period Jan. 20 - Mar. 20 -7.41
Investment
Volatility
Category

This investment has shown a relatively small range of price fluctuations in the past. Based on this measure, currently more than two thirds of all mutual funds with three-year histories have shown higher levels of risk.