Why having the right investment management team matters

February 3, 2017


Head of Vanguard Municipal Group Chris Alwine explains how the members of his experienced team of investment professionals strive to provide competitive returns without taking excessive risk. This proven approach has allowed our bond funds to consistently outperform their peer-group averages.*

* For the ten-year period ended December 31, 2016, 51 of 54 Vanguard bond funds outperformed their peer-group averages; results will vary for other time periods. Only mutual funds with a minimum ten-year history were included in the comparison. (Source: Lipper, a Thomson Reuters Company,) Note that the competitive performance data shown represent past performance, which is not a guarantee of future results, and that all investments are subject to risks. For the most recent performance, visit our website.


  • All investing is subject to risk, including possible loss of principal.

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Advisor's Digest

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Advisor's Digest for March 19, 2018

Advisor's Digest

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