VBMFX

About VBMFX

Vanguard Total Bond Market Index Fund Investor Shares is an open-end mutual fund designed to provide broad exposure to the U.S. investment-grade bond market. Its primary objective is to track the performance of the Bloomberg U.S. Aggregate Float Adjusted Index, which encompasses a wide range of public, investment-grade, taxable fixed income securities, including U.S. Treasury, government agency, corporate, international dollar-denominated, mortgage-backed, and asset-backed securities, all with maturities exceeding one year. The fund employs a sampling strategy to construct a diversified portfolio mirroring the key characteristics and risk factors of its benchmark. Noteworthy for its expansive holdings—typically numbering in the thousands—the fund maintains a notable allocation to U.S. Treasury securities, supporting high credit quality. As a passively managed, intermediate core bond fund, it offers a low expense ratio and monthly income distributions, making it a foundational component for investors seeking stable, income-generating exposure to the U.S. fixed income market and serving as a benchmark for broad bond market performance.