Vanguard Multi-Sector Fund

The Vanguard Multi-Sector Fund is an actively managed exchange-traded fund focused on delivering total return and a moderate-to-high level of current income. This fund strategically invests across a broad swath of fixed income sectors, including U.S. investment-grade bonds, high-yield corporate securities, emerging markets debt, and structured products. The portfolio is diversified by both sector and credit quality, incorporating everything from government Treasuries to lower-rated and emerging market bonds, all selected through a disciplined, risk-controlled process. Led by Vanguard’s experienced Fixed Income Group, management relies on both top-down macroeconomic perspectives and bottom-up security selection to construct the portfolio, with robust risk management embedded throughout the process. The fund’s active approach enables it to dynamically adjust sector and issuer exposures in response to evolving credit and interest rate environments. With its blend of traditional and nontraditional bond allocations, the Vanguard Multi-Sector Fund serves as a flexible fixed income solution, aiming to help investors achieve a balanced combination of income and capital appreciation within a diversified portfolio.