Defined-maturity bond funds
in investors’ fixed income portfolios, this paper incorporates the approach of previous Vanguard research (Bennyhoff, Donaldson, and Tolani, 2012) comparing individual bond portfolios and bond funds. Vanguard research January 2014 1 Sources: Morningstar, Inc., and Bloomberg, as of June 30, 2013. Defined-maturity bond funds Authors ................
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