VALLEY
FORGE, Pa., Jan. 26,
2023 /PRNewswire/ -- Vanguard today announced that
the actively managed Vanguard Multi-Sector Income Bond Fund is now
available for public investment, offering investors diversified
exposure to fixed income credit sectors. The fund, managed by
Vanguard Fixed Income Group, provides clients with a flexible,
risk-controlled approach that enables portfolio managers to seek
the best opportunities across various sectors and credit
qualities.
"Vanguard Multi-Sector Income Bond Fund provides investors
access to our world-class fixed income investment talent through a
low-cost strategy with high alpha potential," said Sara Devereux, global head of Vanguard Fixed
Income Group. "We believe the fund can help clients meet their
long-term investment objectives by serving as a complement to a
well-diversified portfolio."
Vanguard Multi-Sector Income Bond Fund can invest in a wide
range of fixed income asset classes but will offer exposure
primarily to U.S. high-yield corporate securities, U.S.
investment-grade securities, and emerging markets debt of all
credit quality ratings—three areas of the market where Vanguard has
demonstrated expertise. By appropriately weighting these three
allocations within the fund's custom benchmark, Vanguard aims to
provide greater performance transparency than solely using a broad
fixed income benchmark commonly used by competing multisector
products. The fund has an estimated expense ratio of 0.40% for
Investor Shares and 0.30% for Admiral™, compared with an average
expense ratio of 0.66% for industry peers.1
A distinguished leader in global fixed income
For more
than 40 years, Vanguard Fixed Income Group has distinguished itself
with deep investment capabilities, disciplined security selection
processes, and rigorous risk management techniques, resulting in
consistent, long-term performance. Vanguard continues to invest in
its active bond portfolio management capabilities and offers a
carefully curated and enduring lineup that continues to provide
long-term value and meets evolving investor needs.
Vanguard's active and index fixed income investment product
lineup encompasses a full range of broadly diversified core and
more targeted satellite exposures across the duration and credit
quality spectrums. Vanguard has a long track record of
outperformance with 98% of Vanguard active fixed income funds
surpassing their peer group averages over the past 10 years ended
December 31, 2022.2
About Vanguard
Founded in 1975, Vanguard is one of the world's leading investment
management companies. The firm offers investments, advice, and
retirement services to individual investors, institutions, and
financial professionals. Vanguard operates under a unique,
investor-owned structure where Vanguard fund shareholders own the
funds, which in turn own Vanguard. As such, Vanguard adheres to a
simple purpose: To take a stand for all investors, to treat them
fairly, and to give them the best chance for investment success.
For more information, visit vanguard.com.
All figures as of December 31,
2022, unless stated otherwise.
1 Peer group is Morningstar's multisector income
category
2 For the ten-year period ended December 31, 2022, 80 of 90 Vanguard bond funds
outperformed their peer group averages; results will vary for other
time periods. Only funds with a minimum ten-year history were
included in the comparisons. (Source: Lipper, a Thomson Reuters
Company) Note that this competitive performance data
represents past performance, which is not a guarantee of future
results, and that all investments are subject to risks. For the
most recent performance, visit our website at
www.vanguard.com/performance.
For more information about Vanguard funds,
visit vanguard.com to obtain a prospectus or, if
available, a summary prospectus. Investment objectives, risks,
charges, expenses, and other important information are contained in
the prospectus; read and consider it carefully before
investing.
All investing is subject to risk, including the possible loss of
the money you invest.
Vanguard Marketing Corporation, Distributor.
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SOURCE Vanguard
