What is the Vanguard Wellington Fund?

The Vanguard Wellington Fund is a diversified mutual fund with a long-term growth horizon and moderate risk exposure to stocks and bonds, explains The Vanguard Group, Inc. Investors can purchase Admiral Shares under the code VWENX or Investor Shares under the code VWELX, as of 2015.

The fund pursues long-term capital appreciation by investing mainly in large cap stocks and investment-grade bonds of medium maturity, according to The Vanguard Group, Inc. The Wellington Fund holds 813 bonds and 96 stocks, as of May 31, 2015. Nearly three-quarters of the equity portion spreads across the financial, health care, information technology, industrial and energy sectors.