Vanguard Short-Term Investment Grade sports strict guardrails and rock-bottom fees, making it a sensible candidate for short-term bond exposure. Its cheaper share classes retain their Morningstar Analyst Ratings of Bronze, while its more expensive share class receives a downgrade to Neutral.
Vanguard Short-Term Investment-Grade I VFSIX
NAV / 1-Day Return
11.01
/
0.10
%
Total Assets
67.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.070%
Expense Ratio
0.070%
Fee Level
Low
Longest Manager Tenure
2.64
years
Category
US Fund Short-Term Bond
Credit Quality / Interest Rate Sensitivity
Medium / LimitedMin. Initial Investment
5,000,000
Status
Open
TTM Yield
2.43%
Effective Duration
2.66
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will VFSIX outperform in 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.
Cost-effective exposure to short-term bonds.
