Bloomberg Barclays US Aggregate Bond Index
The chance that during periods of falling interest rates, homeowners will refinance their mortgages before their maturity dates, resulting in prepayment of mortgage-backed securities held by the fund. Vanguard economic and market outlook: Bond Invests in U. The Bloomberg Barclays US Aggregate Bond Index is a market capitalization -weighted index, meaning the securities in the index are weighted according to the market size of each bond type.
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A fee charged by some mutual funds when an investor buys shares. This fee is not a sales charge or load because it is paid directly to the fund to offset the costs of trading certain securities. A fee charged by some mutual funds when an investor sells shares. A redemption fee differs from a back-end load because the money is paid back into the fund. Many funds charge redemption fees only when shares are bought and then sold within a specific period of time, generally in an effort to discourage market-timing and short-term trading.
Some brokers also charge their clients redemption fees for the sale of securities. This represents the total net assets for all share classes of Vanguard's U. Bond Invests in U. Treasury, investment-grade corporate, mortgage-backed, and asset-backed securities.
Central tendency Expected range. How to read our stylebox. Aggregate Float Adjusted Index thereafter. The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. Average effective maturity taxable bond funds and balanced funds except Tax-Managed Balanced Average Effective Maturity is defined as the average length of time until fixed income securities held by a fund reach maturity and are repaid, taking into consideration that an action such as a call or refunding may cause some bonds to be repaid before they mature.
Average stated maturity municipal bond funds and Tax-Managed Balanced Average stated maturity represents the average of the stated maturity dates for all fixed income securities held by the fund. Average maturity money market funds only Average maturity represents the weighted average maturity of the fund's holdings using the date of the next interest rate adjustment for certain adjustable-rate securities held by the fund.
Risk and volatility are based on the share class with the earliest inception date. Risk measures are calculated from trailing month fund returns relative to the associated benchmarks. An investment in the fund could lose money over short or even long periods. The chance that bond prices will decline because of rising interest rates. Interest rate risk should be moderate for the fund because it invests primarily in short- and intermediate-term bonds, whose prices are less sensitive to interest rate changes than are the prices of long-term bonds.
The chance that during periods of falling interest rates, homeowners will refinance their mortgages before their maturity dates, resulting in prepayment of mortgage-backed securities held by the fund. The chance that during periods of rising interest rates, certain debt obligations will be paid off substantially more slowly than originally anticipated, and the value of those securities may fall.
For funds that invest in mortgage-backed securities, extension risk is the chance that during periods of rising interest rates, homeowners will prepay their mortgages at slower rates. Credit risk should be low for the fund because it purchases only bonds that are of investment-grade quality.
The chance that during periods of falling interest rates, issuers of callable bonds may call redeem securities with higher coupon rates or interest rates before their maturity dates. The chance that the securities selected for the fund, in the aggregate, will not provide investment performance matching that of the index. Index sampling risk for the fund should be low. Risk and volatility details. Our fixed income benchmarks. Statement of additional information.
Pension investing in 60 seconds: Key components of pension portfolio management. New actively-managed global credit bond fund launching in fourth quarter. Vanguard economic and market outlook: Down but not out. Your input was invalid. Summary prospectus A simplified, standardized version of a statutory prospectus. Statutory prospectus Includes detailed discussions of investment objectives and policies, risks, costs, and past performance. Statement of additional information A document provided as a supplement to a mutual fund prospectus.
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Vanguard may also publish on this Site, in the fund's holdings on the webpages, the ten largest stock portfolio holdings of a Vanguard fund, and the aggregate percentage that these holdings represent of the fund's total net assets and equities, as of the most recent month-end, ten business days after the end of the month.
Vanguard may also publish on this site, in the fund's holdings on the webpages, a detailed list of the securities held in certain actively managed Vanguard ETFs portfolio holdings on a daily basis. Vanguard may publish on this Site, in the fund's holdings on the webpages, a detailed list of the securities aggregated by issuer for money market funds held in a Vanguard fund portfolio holdings as of the most recent calendar-quarter-end, 30 days after the end of the calendar quarter, except for Vanguard Market Neutral Fund 60 calendar days after the end of the calendar quarter , Vanguard index funds 15 calendar days after the end of the month , and Vanguard Money Market Funds within five [5 business days after the last business day of the preceding month.
Except with respect to Vanguard Money Market Funds, Vanguard may exclude any portion of these portfolio holdings from publication on this Site when deemed in the best interest of the fund.
Except with respect to Vanguard Money Market Funds, the portfolio holdings are provided on a delayed basis and will not necessarily represent all of the actual investments held by the relevant Vanguard fund. Portfolio holdings may exclude any temporary cash investments and equity index products. All bonds have a final maturity of at least one year. Subindices based on intermediate maturity bands range from 1 to 9. The table below shows the annual distribution of credit quality holdings in the index.
The following expandable table provides return data for the index. The annual returns of the index from to date have ranged between Index fund managers therefore use sampling strategies when attempting to construct index funds tracking the index. Bond market indexing Indexing Indexing overview Indexing: Ferri, All About Index Funds ; p. Aggregate Factsheet , ; Bloomberg Barclays U.
S Aggregate Factsheet , Retrieved from " https: Navigation menu Personal tools Log in. Views Read View source View history. Interaction Recent changes Getting started Editor's reference Sandbox. This page was last edited on 22 January , at Click for complete Disclaimer. Milestones in the Evolution of the Bloomberg Barclays U. Published yields changed from yield to maturity to yield to worst.
Yankee sector absorbed into the Corporate Index.