Morningstar

Vanguard Short-Term Investment-Grade Fund Institutional Shares VFSIX

Morningstar Medalist Rating
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  • NAV / 1-Day Return$10.23  /  −0.10%
  • Fund Size$54.7B
  • Adjusted Expense Ratio0.070%
  • Net Expense Ratio0.070%
  • Fee Level: DistributionLow
  • Share Class TypeInstitutional
  • Morningstar CategoryShort-Term Bond
  • Fixed-Income Style Box (Funds)Medium/Limited
  • Minimum Initial Investment$5M
  • Investment StatusOpen
  • TTM Yield4.86%
  • Average Effective Duration2.71 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis VFSIX

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

  • People Pillar

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

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

null Ken Noguchi

Ken Noguchi

Analyst Note

Veteran portfolio manager Daniel Shaykevich transitioned off Vanguard Short-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

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Portfolio Holdings VFSIX

More VFSIX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings6.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes

1.04569M
Government

United States Treasury Notes

0.92501M
Government

Mktliq 12/31/2049

0.90489M
Cash and Equivalents

United States Treasury Notes

0.67365M
Government

Abbott Laboratories

0.66359M
Corporate

United States Treasury Notes

0.61332M
Government

Boeing Co.

0.55299M
Corporate

United States Treasury Notes

0.50275M
Government

United States Treasury Notes

0.44241M
Government

Space Exploration Technologies Corp.

0.44240M
Corporate

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