Vanguard Short-Term Treasury Idx Instl (VSBIX)
| Fund Assets | 27.42B |
| Expense Ratio | 0.05% |
| Min. Investment | $5,000,000 |
| Turnover | 89.00% |
| Dividend (ttm) | 1.01 |
| Dividend Yield | 4.10% |
| Dividend Growth | 2.22% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 29, 2025 |
| Previous Close | 24.60 |
| YTD Return | 3.90% |
| 1-Year Return | 4.65% |
| 5-Year Return | 8.07% |
| 52-Week Low | 24.31 |
| 52-Week High | 24.78 |
| Beta (5Y) | n/a |
| Holdings | 98 |
| Inception Date | Aug 23, 2010 |
About VSBIX
Vanguard Short-Term Treasury Index Fund Institutional Shares is a U.S. mutual fund that tracks a market‑weighted index of short‑maturity U.S. Treasury securities. Its primary purpose is to provide broad, low‑cost exposure to government bonds with limited interest‑rate sensitivity, aiming to reflect the performance of the Bloomberg U.S. Treasury 1–3 Year Index through an indexing and sampling approach. The fund concentrates on high‑quality, dollar‑denominated Treasury notes and bills, emphasizing liquidity and credit quality while maintaining an effective duration typically under two years. It is designed for institutions seeking a core short‑duration government allocation, monthly income distributions, and a transparent, rules‑based methodology. Notable characteristics include a low expense ratio, a large underlying asset base across share classes, and diversification across numerous Treasury issues to closely track the benchmark. By focusing exclusively on U.S. Treasury obligations, the fund minimizes credit risk and serves as a stabilizing component within fixed income portfolios, cash management ladders, or liability‑aware strategies where preserving capital and dampening volatility are priorities.
Performance
VSBIX had a total return of 4.65% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.38%.
Equivalent ETF
VSBIX has an equivalent ETF with the ticker symbol VGSH, the Vanguard Short-Term Treasury ETF. This is an ETF from the same fund company that follows the same index. It has an expense ratio of 0.04% compared to 0.05% for VSBIX.
| Symbol | Name | Expense Ratio |
|---|---|---|
| VGSH | Vanguard Short-Term Treasury ETF | 0.04% |
Other Share Classes
These are alternative share classes of the same fund, from the same provider.
| Symbol | Share Class | Expense Ratio |
|---|---|---|
| VSBSX | Admiral Shares | 0.07% |
Top 10 Holdings
14.33% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Notes | T.1.5 01.31.27 | 1.65% |
| United States Treasury Notes | T.3.75 08.31.26 | 1.52% |
| United States Treasury Notes | T.3.5 09.30.26 | 1.51% |
| United States Treasury Notes | T.1.125 10.31.26 | 1.40% |
| United States Treasury Notes | T.4.375 07.15.27 | 1.40% |
| United States Treasury Notes | T.4.125 10.31.26 | 1.39% |
| United States Treasury Notes | T.4.125 11.15.27 | 1.38% |
| United States Treasury Notes | T.0.75 08.31.26 | 1.36% |
| United States Treasury Notes | T.1.25 12.31.26 | 1.36% |
| United States Treasury Notes | T.3.875 10.15.27 | 1.36% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 29, 2025 | $0.0831 | Sep 2, 2025 |
| Jul 31, 2025 | $0.0837 | Aug 1, 2025 |
| Jun 30, 2025 | $0.0813 | Jul 1, 2025 |
| May 30, 2025 | $0.0856 | Jun 2, 2025 |
| Apr 30, 2025 | $0.0829 | May 1, 2025 |
| Mar 31, 2025 | $0.0861 | Apr 1, 2025 |