Vanguard Long-Term Investment-Grade Fund extends average maturity

By Toni Weeks

San Diego, Nov. 22 - Vanguard Long-Term Investment-Grade Fund announced in a 497 filing with the Securities and Exchange Commission that the fund's dollar-weighted average maturity is now expected to fall within a range that is five years shorter than or five years longer than that of its benchmark, correlating with a maturity that generally will be 15 to 30 years.

Previously, the fund was expected to maintain a dollar-weighted average maturity of 15 to 25 years.

The fund's investment adviser is Boston-based Wellington Management Co., LLP.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.