Morningstar

Vanguard Short-Term Bond Index Fund Admiral Shares VBIRX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $10.01  /  0.00
  • Fund Size $69.5B
  • Adjusted Expense Ratio 0.060%
  • Net Expense Ratio 0.060%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Short-Term Bond
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $3,000
  • Investment Status Open
  • TTM Yield 4.13%
  • Average Effective Duration 2.62 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis VBIRX

Will VBIRX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VBIRX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VBIRX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of VBIRX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The fund’s conservative portfolio earns it a downgrade.

Senior Associate Analyst Brendan McCann

Brendan McCann

Senior Associate Analyst

Summary

Vanguard Short-Term Bond Index is a reasonable choice for short-term bond exposure. But its conservative risk/reward profile limits its ability to stand out, resulting in a Process Pillar downgrade to Average from Above Average.

by Brendan McCann
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Portfolio Holdings VBIRX

More VBIRX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes

1.98 1B
Government

United States Treasury Notes

1.10 779M
Government

United States Treasury Notes

0.87 619M
Government

United States Treasury Notes

0.86 607M
Government

United States Treasury Notes

0.81 578M
Government

United States Treasury Notes

0.80 570M
Government

United States Treasury Notes

0.79 558M
Government

United States Treasury Notes

0.78 551M
Government

United States Treasury Notes

0.76 541M
Government

United States Treasury Notes

0.75 530M
Government

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