Vanguard Short-Term Bond Index Fund Institutional Shares VBITX

Morningstar Medalist Rating
  • NAV / 1-Day Return$10.04  /  −0.10%
  • Fund Size$71.1B
  • Adjusted Expense Ratio0.030%
  • Net Expense Ratio0.040%
  • Fee Level: DistributionLow
  • Share Class TypeInstitutional
  • Morningstar CategoryShort-Term Bond
  • Fixed-Income Style Box (Funds)Medium/Limited
  • Minimum Initial Investment$5M
  • Investment StatusOpen
  • TTM Yield4.14%
  • Average Effective Duration2.60 yrs

Morningstar’s Analysis VBITX

Will VBITX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

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.

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Portfolio Holdings VBITX

  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings9.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes

1.701B
Government

US TREASURY N/B

1.32913M
Government

United States Treasury Notes

1.09755M
Government

United States Treasury Notes

0.86596M
Government

United States Treasury Notes

0.86596M
Government

US TREASURY N/B

0.83579M
Government

United States Treasury Notes

0.83573M
Government

United States Treasury Notes

0.78540M
Government

United States Treasury Notes

0.77537M
Government

United States Treasury Notes

0.77532M
Government

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