Vanguard Unveils Actively Managed High-Yield Bond ETF
Vanguard announced its launch of the Vanguard High-Yield Active ETF (VGHY), an active fixed income ETF managed by Vanguard Fixed Income Group.
“The addition of VGHY to Vanguard’s lineup exemplifies our decades-long commitment to disciplined credit investing,” said Michael Chang, head of High-Yield Portfolio Management at Vanguard. “This ETF is powered by a deeply integrated team of credit analysts, traders, and risk specialists who collaborate daily to uncover value and manage risk across the high-yield landscape. Our goal is to deliver an actively managed solution that adapts dynamically to market conditions with precision and purpose to outperform its benchmark and peers.”
VGHY is designed to provide diversified exposure across the full high-yield credit quality spectrum, with the limited flexibility to invest in sectors such as leveraged loans and U.S. investment-grade corporate bonds.
According to Vanguard, the new ETF aims to meet investor demand for income through professionally managed access to high-yield corporate bonds. VGHY has an estimated expense ratio of 0.22%.
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Amanda Umpierrez is the Managing Editor of 401(k) Specialist magazine. She is a financial services reporter with nearly a decade of experience and a passion for telling stories and reporting news. She is originally from Queens, New York, but now resides in Denver, Colorado.
