PDF Defined-maturity bond funds - Vanguard
Connect with Vanguard > vanguard.com Executive summary. Although defined-maturity bond funds (DMFs) made up significantly less than 1% of the $3.3 trillion U.S. bond fund market as of June 30, 2013,1 DMFs have experienced notable growth in recent years. Investors who adopt DMFs may be provided an alternative ................
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