Morningstar

Vanguard Short-Term Bond Index Fund Institutional Shares VBITX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 10.15  /  −0.10 %
  • Total Assets 70.6B
  • Adj. Expense Ratio
    0.030%
  • Expense Ratio 0.040%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 5M
  • Status Open
  • TTM Yield 4.05%
  • Effective Duration 2.63 years

USD | NAV as of Aug 11, 2026 | 1-Day Return as of Aug 11, 2026, 12:10 AM GMT+0

Morningstar’s Analysis VBITX

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

  • People Pillar

    The People Pillar is our evaluation of the VBITX 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 VBITX’s parent organization’s priorities and whether they’re in line with investors’ interests.

The fund’s conservative portfolio earns it a downgrade.

Associate Analyst Brendan McCann

Brendan McCann

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 VBITX

More VBITX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 8.9
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes

1.19 831M
Government

United States Treasury Notes

1.12 779M
Government

United States Treasury Notes

0.95 667M
Government

United States Treasury Notes

0.89 619M
Government

United States Treasury Notes

0.88 612M
Government

United States Treasury Notes

0.81 567M
Government

United States Treasury Notes

0.79 554M
Government

United States Treasury Notes

0.78 547M
Government

United States Treasury Notes

0.77 536M
Government

United States Treasury Notes

0.76 534M
Government

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