Morningstar

Vanguard Short-Term Bond Index Fund Institutional Plus Shares VBIPX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 10.01  /  +0.20 %
  • Total Assets 71.0B
  • Adj. Expense Ratio
    0.020%
  • Expense Ratio 0.030%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 100M
  • Status Open
  • TTM Yield 4.16%
  • Effective Duration 2.63 years

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:11 AM GMT+0

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 9.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes

1.98 1B
Government

United States Treasury Notes

1.10 779M
Government

United States Treasury Notes

0.87 619M
Government

United States Treasury Notes

0.86 607M
Government

United States Treasury Notes

0.81 578M
Government

United States Treasury Notes

0.80 570M
Government

United States Treasury Notes

0.79 558M
Government

United States Treasury Notes

0.78 551M
Government

United States Treasury Notes

0.76 541M
Government

United States Treasury Notes

0.75 530M
Government

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