Morningstar

Vanguard Short-Term Government Securities Active Fund Investor Shares VSGBX

Morningstar Medalist Rating
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Medalist Rating as of See Vanguard Investment Hub
  • NAV / 1-Day Return $10.03  /  0.00
  • Fund Size $4.4B
  • Adjusted Expense Ratio 0.200%
  • Net Expense Ratio 0.200%
  • Fee Level: Distribution Below Average
  • Share Class Type No Load
  • Morningstar Category Short Government
  • Fixed-Income Style Box (Funds) High/Limited
  • Minimum Initial Investment $3,000
  • Investment Status Open
  • TTM Yield 3.98%
  • Average Effective Duration 2.99 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis VSGBX

Will VSGBX 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 VSGBX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VSGBX 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 VSGBX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Vanguard Announces Manager Addition to Vanguard Short-Term Federal; Ratings Unchanged

null Ken Noguchi

Ken Noguchi

Analyst Note

Vanguard named Alexander Payne as a comanager of Vanguard Short-Term Federal, effective May 11, 2026. The appointment does not alter the strategy's Above Average People and Process Pillar ratings or its overall Morningstar Medalist Rating.

by Ken Noguchi
Published on

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Portfolio Holdings VSGBX

More VSGBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 24.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes

3.81 166M
Government

United States Treasury Notes

3.59 157M
Government

Federal National Mortgage Association

2.81 122M
Securitized

United States Treasury Notes

2.39 104M
Government

United States Treasury Notes

2.28 99M
Government

Federal Home Loan Mortgage Corp.

2.26 98M
Securitized

United States Treasury Notes

2.25 98M
Government

Federal Home Loan Mortgage Corp.

1.91 83M
Securitized

EFMT 2026-AE5

1.81 79M
Securitized

United States Treasury Notes

1.75 76M
Government

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