You might recognize Vanguard for its wide lineup of low-cost equity index funds and the lasting legacy of its late founder and chairman, John Bogle. Less appreciated is that The Vanguard Group, which Bogle founded in May 1975, has also been a major force in bond investing for decades.
That presence dates back to 1986. Fresh off the launch of its first stock fund, Vanguard introduced the Vanguard Total Bond Market Index Fund (VBTLX). It was a meaningful shift.
