Morningstar

Vanguard Ultra-Short-Term Bond Fund Investor Shares VUBFX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 9.95  /  −0.30 %
  • Total Assets 16.0B
  • Adj. Expense Ratio
    0.200%
  • Expense Ratio 0.200%
  • Distribution Fee Level Low
  • Share Class Type No Load
  • Category Ultrashort Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 3.96%
  • Effective Duration 0.95 years

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:11 AM GMT+0

Morningstar’s Analysis VUBFX

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

  • People Pillar

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

A solid ultrashort-bond option at a great price.

Analyst Ken Noguchi

Ken Noguchi

Analyst

Summary

Vanguard Ultra-Short Bond ETF benefits from its managers’ complementary expertise and Vanguard’s deep fixed-income capabilities, though its straightforward approach has yet to meaningfully distinguish it from rivals.

by Ken Noguchi
Rated on Published on

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Portfolio Holdings VUBFX

More VUBFX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.3
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bills

5.65 897M
Government

British Columbia (Province Of)

0.79 126M
Government

United States Treasury Notes

0.79 125M
Government

U.S. Bank National Association

0.78 123M
Corporate

Charles Schwab Corp. (The)

0.67 106M
Corporate

AT&T Inc

0.59 94M
Corporate

Bank of Montreal

0.53 84M
Corporate

NTT Finance Corp

0.52 82M
Corporate

Canadian Imperial Bank of Commerce

0.51 82M
Corporate

Regions Bank of Alabama

0.51 81M
Corporate

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