Vanguard Short-Term Investment-Grade I (VFSIX)

Fund Assets	54.69B
Expense Ratio	0.068%
Min. Investment	$5,000,000
Turnover	73.00%
Dividend (ttm)	0.50
Dividend Yield	4.88%
Dividend Growth	3.64%
Payout Frequency	Monthly
Ex-Dividend Date	Oct 30, 2026

Previous Close	10.19
YTD Return	0.71%
1-Year Return	1.59%
5-Year Return	12.81%
52-Week Low	10.14
52-Week High	10.55
Beta (5Y)	0.08
Holdings	2367
Inception Date	Sep 30, 1997

About VFSIX

Vanguard Short-Term Investment-Grade Fund Institutional Shares is an actively managed short-term bond mutual fund focused on delivering current income with limited price volatility. The portfolio primarily holds investment‑grade corporate bonds with short maturities, complemented by selective exposure to U.S. government and asset‑backed securities to balance credit and interest‑rate risk. The strategy maintains a modest effective duration typical of the short-term bond category, aiming to reduce sensitivity to rate changes while emphasizing high and medium credit quality. The fund follows a disciplined, research‑driven approach that targets broad diversification across sectors and issuers within the investment‑grade universe, including industrials, financials, and healthcare corporates. Designed for institutions seeking a low-cost core short‑term fixed income allocation, it pairs an income focus with constrained risk parameters—such as the policy to invest at least 80% of assets in investment‑grade bonds under normal circumstances—supporting capital preservation objectives in cash‑management or ballast roles within diversified portfolios. Its institutional share class offers a low expense profile and large-scale capacity for asset allocation programs.

• Fund Family: Vanguard
• Category: Short-Term Bond
• Performance Rating: Above Average
• Risk Rating: Above Average
• Stock Exchange: Nasdaq
• Ticker Symbol: VFSIX
• Share Class: Institutional Shares
• Index: Bloomberg 1-5 Y Credit TR

Performance

VFSIX had a total return of 1.59% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.58%.

Other Share Classes

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

Symbol	Share Class	Expense Ratio
VFSUX	Admiral Shares	0.09%
VFSTX	Investor Shares	0.20%

Dividend History

Ex-Dividend	Amount	Pay Date
Oct 30, 2026	$0.04191	Nov 2, 2026
Sep 30, 2026	$0.04137	Oct 1, 2026
Aug 31, 2026	$0.04229	Sep 1, 2026
Jul 31, 2026	$0.04232	Aug 3, 2026
Jun 30, 2026	$0.04187	Jul 1, 2026
May 29, 2026	$0.04193	Jun 1, 2026

Data Sources: Tiingo and Finnhub

Historical data is provided by Tiingo. Several fund data points are also provided by Finnhub.

Last checked:

Nov 12, 2026

Data Sources Report a data error