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Morningstar

Vanguard Short-Term Corp Bd Idx I VSTBX

Morningstar Analyst Rating
Analyst rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 25.29  /  0.39 %
  • Total Assets 41.3 Bil
  • Adj. Expense Ratio
    0.050%
  • Expense Ratio 0.050%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Short-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 5,000,000
  • Status Open
  • TTM Yield 2.07%
  • Effective Duration 2.67 years

USD | NAV as of Feb 06, 2023 | 1-Day Return as of Feb 06, 2023, 11:32 PM GMT+00:00

Morningstar’s Analysis VSTBX

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

People Pillar

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

A well-constructed portfolio of short-term corporate bonds.

Analyst

Summary

| by Lan Anh Tran

Vanguard Short-Term Corporate Bond offers a well-constructed portfolio of short-term investment-grade bonds at a razor-thin expense ratio. Focusing strictly on corporate bonds should position this fund to capture market rallies better than most of its Morningstar Category peers without pushing it too far into risky territory. The least expensive share classes earn Morningstar Analyst Ratings of Gold, while the admiral shares' relatively higher fee warrant a Silver rating.

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