5-April-2010
Today I exchanged the approx $77,000 that I had in the Total bond fund (VBMFX) in my personal account into two new bond funds.
VFICX - Intermediate term investment grade bond fund
VWEHX - High Yield Corp bond fund
I did this because I discovered that VBMFX is heavily invested in US Government securities and US mortgage backed securities. I do not want to invest in the US Government and also want to get a higher yield on my money. 40.1% of the VBMFX fund is invested in Treasury/Agency funds and 31.4% is in Government Mortgage-Backed funds. That's almost 72% of the entire fund!!!!
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