|Expense Ratio (net)||0.14%|
|Last Cap Gain||0.00|
|Morningstar Risk Rating||Above Average|
|Beta (5Y Monthly)||1.04|
|5y Average Return||N/A|
|Average for Category||N/A|
|Inception Date||Apr. 27, 1992|
This article originally appeared in Morningstar Direct Cloud and Morningstar Office Cloud. Taxable-bond funds had their best year ever with inflows of $413.9 billion in 2019, while U.S. equity funds lost $41.3 billion. Among all long-term fund groups, the municipal and taxable-bond Morningstar Categories paced the inflows.