Vanguard Short-Term Bond Fund is a fine offering that accurately captures the exposure of the short-term investment-grade U.S. government and investment-grade corporate bond market for a low fee. Under our enhanced ratings framework, the Morningstar Analyst Rating for the fund’s more expensive share classes has been downgraded to a Morningstar Analyst Rating of Bronze from Silver. The cheaper share classes retain Morningstar Analyst Ratings of Silver.
Will VBIRX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
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.
The Parent Pillar is our rating of VBIRX’s parent organization’s priorities and whether they’re in line with investors’ interests.