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Vanguard - Vanguard -  Funds by Style Box - bonds

Funds, Stocks & ETFs  »  More Ways to Research Funds  »  Vanguard Funds by Style

Vanguard Funds by Style Box

Vanguard uses a 9-box grid called a style box to illustrate how our bond fund holdings are distributed by credit quality and average maturity. Credit quality is a measure of a bond issuer's ability to pay interest and repay principal in a timely manner. Quality ranges from Treasury bonds or agency bonds (generally the highest quality issues), investment-grade corporate (medium to high quality), and below investment grade. Average maturity is the length of time until the bonds in the fund are due to be repaid. Maturities are classified as short, intermediate, or long-term.

Knowing a fund's investment style can help you understand how it might fit in your portfolio. This information can also help you build a portfolio that's broadly diversified across markets and less susceptible to sharp swings in any one market area.

Investments in bonds are subject to interest rate, credit, and inflation risk.

Domestic Bond Fund Style Box
 
Short-Term Treasury Grade Mid-Term Treasury Grade Long-Term Treasury Grade
Avg. Weighted
Maturity
Short Med Long    
      Treasury/
Agency
Quality
      Inv.-Grade
Corp
      Below
Inv.-Grade

Taxable Bond Funds

Short-Term Bond Index Inv

Short-Term Federal Inv

Short-Term Treasury Inv

STerm Inf Pro Sec Idx Inv

Tax-Exempt Bond Funds

Ltd-Term Tax-Exempt Inv

Short-Term Tax-Exempt Inv

Avg. Weighted
Maturity
Short Med Long    
      Treasury/
Agency
Quality
      Inv.-Grade
Corp
      Below
Inv.-Grade

Taxable Bond Funds

Em Mkt Gov Bond Ix Inv

GNMA Fund Investor Shares

Inflation-Protect Sec Inv

Inter-Term Bond Index Inv

Inter-Term Treasury Inv

Total Bond Mkt Index Inv

Tax-Exempt Bond Funds

CA IT Tax-Exempt Investor

Inter-Term Tax-Exempt Inv

Avg. Weighted
Maturity
Short Med Long    
      Treasury/
Agency
Quality
      Inv.-Grade
Corp
      Below
Inv.-Grade

Taxable Bond Funds

Long-Term Bond Index

Long-Term Treasury Inv

Tax-Exempt Bond Funds

CA LT Tax-Exempt Investor

Long-Term Tax-Exempt Inv

MA Tax-Exempt Fund

NJ LT Tax-Exempt Investor

NY LT Tax-Exempt Investor

OH LT Tax-Exempt Fund

PA LT Tax-Exempt Investor

Short-Term Investor Grade Mid-Term Investor Grade Long-Term Investor Grade
Avg. Weighted
Maturity
Short Med Long    
      Treasury/
Agency
Quality
      Inv.-Grade
Corp
      Below
Inv.-Grade

Taxable Bond Funds

S-T Investment-Grade Inv

Avg. Weighted
Maturity
Short Med Long    
      Treasury/
Agency
Quality
      Inv.-Grade
Corp
      Below
Inv.-Grade

Taxable Bond Funds

I-T Investment-Grade Inv

Tot Intl Bond Ix Investor

Avg. Weighted
Maturity
Short Med Long    
      Treasury/
Agency
Quality
      Inv.-Grade
Corp
      Below
Inv.-Grade

Taxable Bond Funds

Long-Term Invest-Gr Inv

Tax-Exempt Bond Funds

High-Yield Tax-Exempt Inv

Short-Term Below Investor Grade Mid-Term Below Investor Grade Long-Term Below Investor Grade
Avg. Weighted
Maturity
Short Med Long    
      Treasury/
Agency
Quality
      Inv.-Grade
Corp
      Below
Inv.-Grade

Avg. Weighted
Maturity
Short Med Long    
      Treasury/
Agency
Quality
      Inv.-Grade
Corp
      Below
Inv.-Grade

Taxable Bond Funds

High-Yield Corp Fund Inv

Avg. Weighted
Maturity
Short Med Long    
      Treasury/
Agency
Quality
      Inv.-Grade
Corp
      Below
Inv.-Grade



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