Since-inception performance is from the fund's Investor Shares inception on September 6, BIMAL is the responsible entity and issuer of units in the Australian domiciled managed investment schemes referred to in this material, including the Australian domiciled iShares ETFs. If a portfolio's return bore no relationship to the market's returns, its R-squared would be 0.
About the Morningstar Document Library
Beta A measure of the magnitude of a portfolio's past share-price fluctuations in relation to the ups and downs of the overall market or appropriate market index. The market or index is assigned a beta of 1. R-squared A measure of how much of a portfolio's performance can be explained by the returns from the overall market or a benchmark index. If a portfolio's total return precisely matched that of the overall market or benchmark, its R-squared would be 1.
If a portfolio's return bore no relationship to the market's returns, its R-squared would be 0. Duration A measure of the sensitivity of bond—and bond mutual fund—prices to interest rate movements. Average effective maturity taxable bond funds and balanced funds except Tax-Managed Balanced Average Effective Maturity is defined as the average length of time until fixed income securities held by a fund reach maturity and are repaid, taking into consideration that an action such as a call or refunding may cause some bonds to be repaid before they mature.
Average stated maturity municipal bond funds and Tax-Managed Balanced Average stated maturity represents the average of the stated maturity dates for all fixed income securities held by the fund. Average maturity money market funds only Average maturity represents the weighted average maturity of the fund's holdings using the date of the next interest rate adjustment for certain adjustable-rate securities held by the fund.
Yield to maturity The rate of return an investor would receive if the securities held by a portfolio were held to their maturity dates. Purchase fee A charge assessed by an intermediary, such as a broker-dealer or a bank, for assisting in the sale or purchase of a security.
Redemption fee A fee charged by some mutual funds and brokers when an investor sells shares within a specified, usually short, period of time. When charged by a mutual fund, a redemption fee differs from a back-end load because the money is paid back into the fund. Mutual funds generally adopt such fees to discourage market-timing.
Ex-dividend date The date when a security trades without its next scheduled dividend payment, reducing its opening price by the amount of that dividend payment. A buyer who purchases the security on its ex-dividend date will not receive the dividend payment; a seller who sells the security on that day will receive the dividend payment. Record date The date used to determine who is eligible to receive a company or fund's next distribution of dividends or capital gains.
Payable date The date when dividends or capital gains are paid to shareholders. For Vanguard mutual funds, the payable date is usually within two to four days of the record date. The payable date also refers to the date on which a declared stock dividend or bond interest payment is scheduled to be paid.
Reinvest date The date on which an investment's dividend or capital gains income is reinvested, if requested by the shareholder, to purchase additional shares. Also known as the ex-dividend date. Distribution yield The fund's current monthly income dividend per share, annualized by dividing by the number of days in the month and multiplying by as a percentage of the fund's average NAV during the month.
Intraday optimized value ticker Intraday Optimized Value IOV , also known as the Intraday Indicative Value IIV , is the calculated per share price of the ETF which is published every 15 seconds based on the last sale price of each of the underlying securities in the portfolio basket, plus any estimated cash amounts associated with the creation unit.
Investment objectives, risks, charges, expenses, and other important information are contained in the prospectus; read and consider it carefully before investing. Your input was invalid. Vanguard and Morningstar, Inc. Your use of this site signifies that you accept our terms and conditions of use Open a new browser window. Skip to main content. Search the site or get a quote. Learn about mutual funds Discover Vanguard's advantages Choose your mutual funds Decide which type of account Open an account in 3 steps.
There are a few questions to ask yourself while you're considering the right bond fund for your portfolio: Find out if tax-exempt mutual funds are right for you. See a list of Vanguard tax-exempt bond funds. Bond funds come with short-, intermediate-, or long-term maturities.
The longer the maturity, the more sensitive the fund is to changes in interest rates. Bonds that are backed by the government or one of its agencies have the best "creditworthiness" and a lower chance of default than most corporate bonds. Corporate bonds with high credit quality are considered investment grade bonds , and those below investment grade are considered high-yield "junk" bonds. Do you feel more comfortable tracking the market, or would you rather try to beat it? Index funds try to track the performance of a specific market benchmark.
Actively managed funds are steered by our expert portfolio managers who select specific securities for the fund. While this gives you the chance to beat the benchmark, any actively managed fund could just as easily miss the mark. Compare index funds vs. Get a list of Vanguard U. The fund tracks an index with returns hedged in GBP and so Das Sterne-Rating umfasst vier Komponenten: Dieser Prozess mündet in ein punktuelles Sterne-Rating, das täglich aktualisiert wird.
Eine Bewertung mit 5 Sternen spiegelt die Überzeugung wider, dass die Aktie zu ihrem gegenwärtigen Preis vorteilhaft ist; bei einer Bewertung mit 1 Stern ist sie es nicht. Sind unsere zugrundeliegenden Annahmen richtig, pendelt sich der Marktpreis im Allgemeinen innerhalb von drei Jahren bei unserem geschätzten Fair Value ein. Anlagen in Wertpapieren sind Marktrisiken und anderen Risiken ausgesetzt.
Die Wertentwicklung eines Wertpapiers in der Vergangenheit kann sich in der Zukunft fortsetzen oder auch nicht und ist keine Garantie für die künftige Wertentwicklung.