About VBIMX
Vanguard Intermediate-Term Bond Index Fund Institutional Shares is a mutual fund designed to track the performance of the Bloomberg U.S. 5-10 Year Government/Credit Float Adjusted Index. This fund primarily invests in a diversified mix of U.S. government, investment-grade corporate, and international dollar-denominated bonds with maturities between five and ten years. Its primary purpose is to offer moderate current income while maintaining a risk profile that is typically associated with intermediate-term bonds, which balances yield and sensitivity to interest rate changes. With over 2,000 holdings, the fund’s structure allows for broad exposure across sectors, including U.S. Treasury, agency, and high-quality corporate debt. Recognized for its low expense ratio and efficient indexing strategy, the fund is tailored for institutional investors seeking stable, core fixed income exposure within a portfolio. It regularly distributes dividends on a monthly basis and is managed by a team with a disciplined, process-driven approach. The fund plays a key role in the fixed income market by offering investors an accessible, low-cost route to broad-based, intermediate-term bond exposure with competitive yields relative to peers.
Fund Family Vanguard
Category Intermediate Core Bond
Performance Rating Above Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol VBIMX
Share Class Institutional Shares
Index Bloomberg US 5-10 Yr Gov/Cr Float Adj TR
VBIMX had a total return of -2.68% in the past year, including dividends. Since the fund's
inception, the average annual return has been 3.47%.
