Vanguard Short-Term Bond Index Fund Institutional Plus Shares (VBIPX)

Fund Assets	69.16B
Expense Ratio	0.03%
Min. Investment	$100,000,000
Turnover	56.00%
Dividend (ttm)	0.40
Dividend Yield	3.89%
Dividend Growth	15.04%
Payout Frequency	Monthly
Ex-Dividend Date	Jan 30, 2026

Previous Close	10.35
YTD Return	0.54%
1-Year Return	5.62%
5-Year Return	9.27%
52-Week Low	9.81
52-Week High	10.36
Beta (5Y)	n/a
Holdings	3151
Inception Date	Sep 29, 2011

About VBIPX

Vanguard Short-Term Bond Index Fund Institutional Plus Shares is an index mutual fund designed to track the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index, providing broad exposure to U.S. investment‑grade bonds with short maturities. Its mandate spans Treasury, agency, and high‑quality corporate debt, emphasizing limited interest rate sensitivity typical of the short‑term bond category. The fund employs a market‑value‑weighted approach and an indexing strategy to deliver diversified core fixed income exposure at a very low expense ratio, aiming for efficient representation of the short end of the investment‑grade curve. With thousands of holdings and an effective duration in the low‑to‑mid two‑year range, it seeks to balance income generation with lower volatility relative to intermediate and long‑duration strategies. This share class targets large institutions through a high minimum investment and monthly distributions, serving as a liquidity‑aware building block for cash segmentation, short‑duration core allocation, or liability‑matching needs within multi‑asset portfolios. Its scale and process position it as a benchmark‑like vehicle for managing short‑term interest rate exposure in U.S. fixed income markets.

• Fund Family: Vanguard
• Category: Short-Term Bond
• Performance Rating: Below Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: VBIPX
• Share Class: Institutional Plus Shares
• Index: Bloomberg 1-5 Y Govt/Credit Float Adj TR

Performance

VBIPX had a total return of 5.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.99%.

Equivalent ETF

VBIPX has an equivalent ETF with the ticker symbol BSV, the Vanguard Short-Term Bond ETF. This is an ETF from the same fund company that follows the same index. It has an expense ratio of 0.03% compared to 0.03% for VBIPX.

Symbol	Name	Expense Ratio
BSV	Vanguard Short-Term Bond ETF	0.03%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
VBITX	Institutional Shares	0.04%
VBIRX	Admiral Shares	0.06%
VBISX	Investor Shares	0.15%

Dividend History

Ex-Dividend	Amount	Pay Date
Jan 30, 2026	$0.0351	Feb 2, 2026
Dec 31, 2025	$0.03509	Jan 2, 2026
Nov 28, 2025	$0.03372	Dec 1, 2025
Oct 31, 2025	$0.03475	Nov 3, 2025
Sep 30, 2025	$0.03341	Oct 1, 2025
Aug 29, 2025	$0.03429	Sep 2, 2025