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Apple Owns More Corporate Debt Than the Biggest Bond Fund

Company has $148B of its $257B in cash invested in corporate bonds.

By Claire Boston, Bloomberg | Updated on May 04, 2017

If Apple Inc. were a bond fund, it would dwarf the competition.

The iPhone-maker has $148 billion of its record $257 billion cash pile invested in corporate debt alone, according to a company filing from Wednesday. That’s enough to buy all the assets in the world’s largest fixed-income mutual fund, the Vanguard Total Bond Market Index Fund, which has about $145 billion of assets including company, government and mortgage bonds.

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