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Changes at Vanguard, but Our Confidence Remains

We downgraded two bond funds after personnel changes at Vanguard, but we will continue our review process as Greg Nassour's replacement is named.

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Christine Benz: Hi, I'm Christine Benz for Morningstar.com. Vanguard has recently seen some personnel changes in its fixed-income effort, and that has some implications for fundholders. Joining me to discuss the changes and discuss the implications are two of Morningstar's fixed-income manager research analysts, Emory Zink and Alaina Bompiedi.

Ladies, thank you so much for being here.

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Emory Zink does not own shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.