The Vanguard High Yield Corporate Fund (VWEHX) is a mutual fund that primarily invests in high-yield corporate bonds. This fund aims to provide investors with a high level of current income while also maintaining a level of capital appreciation. It is managed by Vanguard, a reputable investment management company known for its low-cost index funds. VWEHX may be a suitable option for investors seeking a higher yield than traditional investment-grade bonds, but with a higher level of risk.