Vanguard Intermediate-Term Bond is a solid offering because it accurately captures the exposure of the intermediate-term 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 Bronze from Silver. The cheaper share classes retain Silver ratings.
Will VBIIX 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 VBIIX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VBIIX 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 VBIIX’s parent organization’s priorities and whether they’re in line with investors’ interests.