Morningstar

Vanguard Short-Term Bond Index Fund Institutional Plus Shares VBIPX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $10.01  /  −0.10 %
  • Fund Size $69.5B
  • Adjusted Expense Ratio 0.020%
  • Net Expense Ratio 0.030%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Short-Term Bond
  • Fixed-Income Style Box (Funds) Medium/Limited
  • Minimum Initial Investment $100M
  • Investment Status Open
  • TTM Yield 4.16%
  • Average Effective Duration 2.60 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis VBIPX

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

  • People Pillar

    The People Pillar is our evaluation of the VBIPX 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 VBIPX’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
Rated on Published on

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Portfolio Holdings VBIPX

More VBIPX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes

1.70 1B
Government

US TREASURY N/B

1.32 913M
Government

United States Treasury Notes

1.09 755M
Government

United States Treasury Notes

0.86 596M
Government

United States Treasury Notes

0.86 596M
Government

US TREASURY N/B

0.83 579M
Government

United States Treasury Notes

0.83 573M
Government

United States Treasury Notes

0.78 540M
Government

United States Treasury Notes

0.77 537M
Government

United States Treasury Notes

0.77 532M
Government

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