Vanguard Total Bond Market Index is a well-constructed portfolio of investment-grade U.S.-dollar-denominated bonds. The fund’s broad scope and low fee should allow it to outperform its Morningstar Category peers over the long run. The fund’s more-expensive investor and admiral share classes earn Morningstar Analyst Ratings of Bronze and Silver, respectively, while the rest of the share classes receive Gold ratings.
Will VTBIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VTBIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VTBIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VTBIX’s parent organization’s priorities and whether they’re in line with investors’ interests.