For people who invest directly in individual accounts (including IRAs and rollovers); in joint, brokerage, college savings, or small-business accounts; or in annuities.
For people who invest through their employer in a Vanguard 401(k), 403(b), or other retirement plan.
For retirement plan sponsors, consultants, and nonprofit representatives.
For broker-dealers, registered investment advisors, and trust or bank brokerage professionals.
A simplified, standardized version of a statutory prospectus. Includes discussions of investment objectives and policies, risks, costs, and past performance intended to make it easier to compare all mutual funds regardless of provider. Updated annually.
Includes detailed discussions of investment objectives and policies, risks, costs, and past performance. By law, a prospectus must be provided to a potential investor before he or she can invest. Updated annually.
Statement of additional information
A document provided as a supplement to a mutual fund prospectus. It contains more detailed information about fund policies, operations, and risks. Updated annually.
Investment profile (03/31/2014)
A detailed product overview including style view, returns, holdings, characteristics, quarterly commentary on investment performance, and detailed discussion on the management team and investment process. Updated quarterly.
Investment commentary (03/31/2014)
A detailed product overview including description, style view, returns, holdings, characteristics, and brief quarterly commentary on investment performance. Updated quarterly.
Portfolio holdings information:
The following additional terms and conditions apply to the publication on this Site of any Vanguard fund's portfolio holdings as described above:
The stylebox view considers a fund's potential holdings, including frequently owned categories of securities.
Note: The stylebox view for bond funds uses duration rather than average weighted maturity. Duration is a more accurate measure of interest rate sensitivity because it takes into consideration all mortgage prepayments, puts, and adjustable coupons.
Another share class of this strategy has an earlier inception date, and therefore has more performance and price history.
Also available in
more share classes
, including an
Indexed to Barclays US Trsy Strips 20-30Yr Eq
Vanguard Extended Duration Treasury Index Fund seeks to track the performance of an index of extended-duration zero-coupon U.S. Treasury securities.
The fund is primarily intended for institutional investors with extremely long-term liabilities—20 years or more. Prospective individual investors are urged to consult with their own advisors to determine if the fund is suitable for their overall investment programs and financial positions.
About the benchmark
PRICE AND DISTRIBUTIONS
as of 04/24/2014
The market value of a mutual fund's total assets, minus liabilities, divided by the number of shares outstanding. The value of a single share is called its share value or share price.
A non-money market fund's SEC yield is based on a formula mandated by the Securities and Exchange Commission (SEC) that calculates a fund's hypothetical annualized income, as a percentage of its assets. A security's income, for the purposes of this calculation, is based on the current market yield to maturity (in the case of bonds) or projected dividend yield (for stocks) of the fund's holdings over a trailing 30 day period. This hypothetical income will differ (at times, significantly) from the fund's actual experience; as a result, income distributions from the fund may be higher or lower than implied by the SEC yield.
The SEC yield for a money market fund is calculated by annualizing its daily income distributions for the previous seven days.
BASED ON HOLDINGS' YIELD TO MATURITY FOR PRIOR 30 DAYS;DISTRIBUTION MAY DIFFER
The fund's current monthly income dividend per share, annualized (by dividing by the number of days in the month and multiplying by 365) as a percentage of the fund's average NAV during the month.
KEY FUND FACTS
This represents the total net assets for all share classes of Vanguard's U.S. funds that share the same investment strategy, management and holdings, but does not include any collective trusts sharing the same investment mandate.
Fees and minimums
A fee charged by some mutual funds when an investor buys shares. This fee is not a sales charge or load because it is paid directly to the fund to offset the costs of trading certain securities.
The fund assesses a 0.50% fee ($5.00 per $1,000) on purchases. The fee is paid directly to the fund and therefore is not considered a load.
A fee charged by some mutual funds when an investor sells shares. A redemption fee differs from a back-end load because the money is paid back into the fund. Many funds charge redemption fees only when shares are bought and then sold within a specific period of time, generally in an effort to discourage market-timing and short-term trading. Some brokers also charge their clients redemption fees for the sale of securities.
ETF Knowledge Center™
BondDiversified index portfolio of Treasury STRIPS.
About our styleboxes
as of 03/31/2014
Barclays U.S. Treasury Strips 20-30 Year Equal Par Bond Index
Note: Fee adjusted for mutual funds where applicable.
* Note: This fund does not have a long enough history to provide annual performance data.
** Includes zero-coupon U.S. Treasury securities with maturities ranging from 20 to 30 years.
The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate, so investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited.
Total returns details
Risk and volatility are based on the share class with the earliest inception date.
Risk measures are calculated from trailing 36-month fund returns relative to the associated benchmarks.
An investment in the fund could lose money over short or even long periods. You should expect the fund’s share price and total return to fluctuate within an extremely wide range, much more than the fluctuations of the overall bond market.
Risk and volatility details
Investment profile (03/31/2014)
Investment commentary (03/31/2014)
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RESEARCH & COMMENTARY
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