VCSH – Vanguard Short-Term Corporate Bond ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity. The fund manager employs an indexing investment approach designed to track the performance of the Bloomberg U.S. 1-5 Year Corporate Bond Index, which includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable debt securities issued by U.S. and non-U.S. industrial, utility, and financial companies, all with maturities between 1 and 5 years. Under normal circumstances, it invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the bonds that make up the Target Index.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VCSH	Vanguard Short-Term Corporate Bond Index Fund ETF Shares	ETF	Open			Nov 19, 2009	$45.96B	0.030%	—	—	$5.09B
VSTBX	Vanguard Short-Term Corporate Bond Index Fund Institutional Shares	Institutional	Open			Nov 19, 2009	$2.64B	0.030%	Low	$5M	$111.40M
VSCSX	Vanguard Short-Term Corporate Bond Index Fund Admiral Shares	Institutional	Open			Nov 18, 2010	$4.39B	0.060%	Low	$3,000	−$36.87M

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