The Vanguard Wellesley Income Fund (VWINX) is a mutual fund that seeks to provide investors with a balanced portfolio of both stocks and bonds. The fund primarily invests in high-quality, income-generating securities, with a focus on dividend-paying stocks and investment-grade bonds. This fund is designed for investors seeking a steady stream of income and moderate long-term growth potential. With a low expense ratio and a long track record of consistent returns, VWINX is a popular choice for those looking for a well-diversified, income-focused investment option.