A new bond fund has been added to our lineup of active fixed income products: Vanguard Core-Plus Bond Fund (Admiral™ Shares VCPAX, Investor Shares VCPIX). The fund differs from other fixed income products in its focus on riskier areas of the fixed income markets. Vanguard Core-Plus Bond Fund seeks to generate higher returns while still providing the broad exposure of a core bond fund.
You can invest in the fund during our subscription period, which began yesterday, October 12. During the subscription period, all Investor Shares are available for $10 per share and all Admiral™ Shares are available for $20 per share. Purchases made during the subscription period will be held in a custody account until October 25, 2021. On that date, the fund will start investing using its stated strategy. The fund’s minimum investment amounts are $3,000 for Investor Shares and $50,000 for Admiral Shares.