Morningstar

Vanguard Core-Plus Bond Fund Admiral Shares VCPAX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 17.08  /  −0.12 %
  • Total Assets 955.8M
  • Adj. Expense Ratio
    0.200%
  • Expense Ratio 0.200%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Intermediate Core-Plus Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Moderate
  • Min. Initial Investment 50,000
  • Status Open
  • TTM Yield 4.43%
  • Effective Duration 5.59 years

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

Morningstar’s Analysis VCPAX

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

  • People Pillar

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

A compelling core plus bond offering with a good price.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

Vanguard Core-Plus Bond Fund’s experienced management team and robust supporting cast have consistently executed a thoughtful approach, earning a People rating upgrade to Above Average from Average.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings VCPAX

More VCPAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings −2.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Federal National Mortgage Association 5.26923%

1.46 14M
Securitized

Federal National Mortgage Association 6.23077%

1.00 9M
Securitized

Federal National Mortgage Association 5.5%

0.97 9M
Securitized

Federal National Mortgage Association 5.5%

0.96 9M
Securitized

Federal National Mortgage Association 4.5%

0.93 9M
Securitized

United States Treasury Notes

0.92 9M
Government

Asian Development Bank

0.82 8M
Government

Kreditanstalt Fuer Wiederaufbau

0.77 7M
Government

SA Global Sukuk Ltd.

0.65 6M
Corporate

Federal National Mortgage Association

0.64 6M
Securitized

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