As a Vanguard customer for 15 years I now see their diversification within funds to be a weakness, i.e., I am one of "those investors who wish to more finely tune their exposures and to tactically manage their risks and opportunities." Low fees look like a wry joke when you're down 50%.
"...the fund, which has been around since April 2007, has a relatively stable NAV–it’s closed every month between 70 and 78." I.e., it has no record in a period of high inflation. I've been through this with Vanguard: as interest rates rise, the market value of their holdings declines - that's bonds for you. To maintain share price, they sell higher yielding holdings, which makes their yield decline. You've got to be one of the first to get out at turnaround, but can you recognize turnaround?
ETF Family Attributes: Vanguard [View article]
For Safety, Two Income Securities [View article]
I.e., it has no record in a period of high inflation. I've been through this with Vanguard: as interest rates rise, the market value of their holdings declines - that's bonds for you. To maintain share price, they sell higher yielding holdings, which makes their yield decline. You've got to be one of the first to get out at turnaround, but can you recognize turnaround?