The fund’s credit profile as a result tends to look tame relative to more aggressive intermediate core bond category peers ... each has about 40-45 years of industry experience.

The fund has historically parked around 40% of its assets here, and this number has steadily climbed to 45% in recent years ... to head of Vanguard’s bond index group. Portfolio management ...

Treasury yields from 7 to 30 years out trade at or above 3%, a day after Fed delivers half-point rate hike ...