Morningstar

Vanguard Short-Term Federal Fund Investor Shares VSGBX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 10.22  /  0.00
  • Total Assets 4.5B
  • Adj. Expense Ratio
    0.200%
  • Expense Ratio 0.200%
  • Distribution Fee Level Below Average
  • Share Class Type No Load
  • Category Short Government
  • Credit Quality / Interest Rate Sensitivity High/Limited
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 3.85%
  • Effective Duration 2.72 years

USD | NAV as of Jul 18, 2026 | 1-Day Return as of Jul 18, 2026, 12:11 AM GMT+0

Morningstar’s Analysis VSGBX

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

  • People Pillar

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

Vanguard Announces Manager Addition to Vanguard Short-Term Federal; Ratings Unchanged

null Ken Noguchi

Ken Noguchi

Analyst Note

Vanguard named Alexander Payne as a comanager of Vanguard Short-Term Federal, effective May 11, 2026. The appointment does not alter the strategy's Above Average People and Process Pillar ratings or its overall Morningstar Medalist Rating.

by Ken Noguchi
Published on

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Portfolio Holdings VSGBX

More VSGBX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 28.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes

4.29 184M
Government

United States Treasury Notes

4.15 178M
Government

United States Treasury Notes

3.90 167M
Government

Federal National Mortgage Association

2.86 123M
Securitized

United States Treasury Notes

2.45 105M
Government

United States Treasury Notes

2.34 100M
Government

United States Treasury Notes

2.32 100M
Government

United States Treasury Notes

2.31 99M
Government

United States Treasury Notes

2.07 89M
Government

Federal Home Loan Mortgage Corp.

2.00 86M
Securitized

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