Vanguard Short-Term Bond Idx InstlPls (VBIPX)

Fund Assets	69.54B
Expense Ratio	0.02%
Min. Investment	$100,000,000
Turnover	55.00%
Dividend (ttm)	0.42
Dividend Yield	4.16%
Dividend Growth	7.15%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	10.02
YTD Return	-0.09%
1-Year Return	0.72%
5-Year Return	8.03%
52-Week Low	9.98
52-Week High	10.37
Beta (5Y)	-0.01
Holdings	3157
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 0.72% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.63%.

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 0.02% 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	0.03%
VBIRX	Admiral Shares	0.06%
VBISX	Investor Shares	0.15%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03474	Oct 1, 2026
Aug 31, 2026	$0.03563	Sep 1, 2026
Jul 31, 2026	$0.03558	Aug 3, 2026
Jun 30, 2026	$0.03433	Jul 1, 2026
May 29, 2026	$0.03539	Jun 1, 2026
Apr 30, 2026	$0.03426	May 1, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 22, 2026

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