Compare the duration and credit quality of the following Vanguard bond funds. What do they tell us about maturity risk and default risk? Investment-Grade Vanguard Intermediate-Term Corporate Bond Index Fund Admiral Shares (VICSX) Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) Vanguard Long-Term Corporate Bond Index Fund Admiral Shares (VLTCX) Below-Investment-Grade Vanguard High-Yield Corporate Fund Investor Shares (VWEHX) Tips To answer the question about maturity risk and default risk of the Vanguard funds, create a table using the "Bond Default and Maturity Template". On default risk, the Vanguard pages show the distribution of ratings for each fund. What does that distribution tell you about the default risk of each fund and the difference between the yield to maturity of each fund and its expected return (i.e. it's likely realized return). On maturity risk, the Vanguard pages show the duration and also maturity of each fund. Think of why the durations of different funds differs. Also, look at the difference between duration and maturity in each fund. Why is that difference greater in some funds than in others