VFICX – Fund Analysis – Vanguard Interm-Term Invmt-Grade Inv | Morningstar

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Will VFICX outperform in the future?

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Process Pillar

The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VFICX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar

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

Vanguard Intermediate-Term Investment-Grade Management Change; Ratings Unchanged.

null Ken Noguchi

Ken Noguchi

Analyst Note

Veteran portfolio manager Daniel Shaykevich transitioned off Vanguard Intermediate-Term Investment-Grade on June 30, 2026, to focus on other active Vanguard fixed-income strategies, including emerging-market, core, and core-plus strategies. Shaykevich joined Vanguard in 2013 from BlackRock, bringing more than two decades of industry experience, and now he leads the firm’s emerging-market sector team.

by Ken Noguchi

Published on Jul 1, 2026

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