- What does VBMPX invest in?
- The primary objective of this fund is to offer extensive access to high-quality U.S. debt instruments. To meet this goal, the portfolio is constructed from a variety of U.S. Treasury bonds and mortgage-backed securities, encompassing a full range of durations including short, intermediate, and long maturities. As with other fixed-income funds, a notable risk is that an uptick in interest rates may cause the market value of the underlying bonds to fall, thereby diminishing the fund's net asset value (NAV). Due to its broad diversification across different bond market segments and maturity profiles, investors may consider this fund a foundational component of their bond holdings.
- What is the expense ratio of VBMPX?
- Vanguard Total Bond Market Index Fund Institutional Plus Shares (VBMPX) charges an expense ratio of 0.02%. This is the annual fee deducted from fund assets to cover management and operations.
- What is VBMPX's dividend yield?
- VBMPX's trailing-twelve-month yield is 4.07%, calculated from the sum of dividends over the past year divided by the current price.
- What is the duration of VBMPX?
- Effective duration measures VBMPX's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VBMPX's current duration is published on the fund's factsheet on the issuer's website.
- What is the credit quality of VBMPX?
- VBMPX's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.
- What is the yield to maturity of VBMPX?
- Yield to maturity (YTM) is the total return you'd earn from VBMPX if every bond in the portfolio is held to maturity at the current price. VBMPX's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.
