Vanguard Mortgage-Backed Securities Index Fund Admiral Shares (VMBSX) NASDAQ
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Currency In USD
Address
PO Box 2600
Valley Forge, PA 19482
United States of America (the)
Phone
6106691000
Sector
Financial Services
Industry
Asset Management
Employees
N/A
First IPO Date
November 23, 2009
This economical index fund primarily invests in pass-through securities backed by U.S. mortgages, issued by government-sponsored entities such as GNMA, FNMA, and FHLMC. Beyond standard bond market fluctuations, a notable exposure is prepayment risk; consequently, the fund's yield is prone to decrease during periods of high mortgage refinancing activity. This offering may suit investors aiming for consistent monthly income over a medium-term horizon, intending it for the fixed income segment of their investment portfolio.