VFSTX: Vanguard Short-Term Investment-Grade Inv

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VFSTX Vanguard Short-Term Investment-Grade Inv

  • Fund
  • VFSTX
  • Price as of: Dec 06, 2019
  • $10.72
    - $0.01 - 0.09%

Profile

VFSTX - Profile

Vitals

  • YTD Return 2.7%
  • 3 Yr Annualized Return 0.2%
  • 5 Yr Annualized Return 0.1%
  • Net Assets $61.5 B
  • Holdings in Top 10 9.1%

52 WEEK LOW AND HIGH

$10.72
$10.39
$10.79

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.20%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 71.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $3,000
  • IRA $3,000

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Short-Term Bond

Distributions

  • YTD Total Return 2.7%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 0.1%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.71%
DIVIDENDS
  • Dividend Yield 0.9%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Vanguard Short Term Investment Grade Fund
  • Fund Family Name
    Vanguard
  • Inception Date
    Oct 29, 1982
  • Shares Outstanding
    N/A
  • Share Class
    Inv
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Daniel Shaykevich

Fund Description

The Vanguard Short-Term Investment-Grade Fund Investor Shares (VFSTX) is a low-cost, actively managed fund that aims to provide current income while limiting price volatility. Specifically, VFSTX bets on the shorter end of the investment-grade fixed-income spectrum, which includes holding T-bills and corporates. The vast bulk of its portfolio is rated Baa or higher and VFSTX seeks to maintain a weighted average maturity of one to four years.

Given its mandate, VFSTX can serve as a core option for investors worried about rising interest rates or as a satellite position to a broad fixed-income portfolio. The fund is internally managed by Vanguard.


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Performance

VFSTX - Performance

Return Ranking - Trailing

Period VFSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -6.6% 6.4% 26.17%
1 Yr 3.1% -8.9% 7.0% 24.14%
3 Yr 0.2%* -3.8% 4.5% 56.10%
5 Yr 0.1%* -20.5% 3.2% 40.52%
10 Yr 0.1%* -10.2% 2.9% 51.25%

* Annualized

Return Ranking - Calendar

Period VFSTX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.8% -4.1% 1.0% 60.98%
2017 0.0% -0.7% 2.8% 39.83%
2016 0.7% -65.8% 7.1% 40.35%
2015 -0.9% -7.0% 3.0% 21.10%
2014 -0.4% -6.9% 3.2% 15.69%

Total Return Ranking - Trailing

Period VFSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.7% -6.6% 6.4% 28.86%
1 Yr 3.1% -8.9% 7.0% 26.21%
3 Yr 0.2%* -3.8% 4.5% 62.60%
5 Yr 0.1%* -18.8% 3.2% 52.59%
10 Yr 0.1%* -8.5% 3.1% 62.50%

* Annualized

Total Return Ranking - Calendar

Period VFSTX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.8% -4.1% 3.2% 65.85%
2017 0.0% -0.7% 4.7% 55.93%
2016 0.7% -65.2% 8.4% 50.00%
2015 -0.9% -7.0% 3.1% 32.11%
2014 -0.4% -6.9% 3.6% 27.45%

NAV & Total Return History


Holdings

VFSTX - Holdings

Concentration Analysis

VFSTX Category Low Category High VFSTX % Rank
Net Assets 61.5 B 272 K 61.5 B 0.64%
Number of Holdings 2023 7 2023 0.65%
Net Assets in Top 10 5.5 B -5.43 M 5.5 B 0.65%
Weighting of Top 10 9.06% 6.2% 140.4% 86.45%

Top 10 Holdings

  1. United States Treasury Notes 0.12% 2.58%
  2. United States Treasury Notes 1.88% 1.66%
  3. United States Treasury Notes 0.12% 1.01%
  4. United States Treasury Notes 0.12% 0.79%
  5. NEXTERA ENERGY CAPITAL HLDGS INC 3.3% 0.60%
  6. CVS Health Corp 3.7% 0.52%
  7. Duke Energy Corp 3.23% 0.50%
  8. Wells Fargo Bank, National Association 3.32% 0.49%
  9. United Technologies Corporation 3.65% 0.48%
  10. Citibank, N.A. 2.85% 0.44%

Asset Allocation

Weighting Return Low Return High VFSTX % Rank
Bonds
94.87% 22.39% 137.59% 52.26%
Cash
3.55% -50.76% 77.61% 45.16%
Convertible Bonds
1.58% 0.00% 6.33% 39.35%
Stocks
0.00% -0.45% 7.88% 16.77%
Preferred Stocks
0.00% 0.00% 36.25% 15.48%
Other
0.00% -1.14% 13.17% 17.42%

Bond Sector Breakdown

Weighting Return Low Return High VFSTX % Rank
Corporate
61.75% 3.61% 104.45% 23.23%
Securitized
24.03% 0.00% 67.02% 68.39%
Government
10.60% -11.82% 71.21% 54.84%
Cash & Equivalents
3.54% -50.76% 77.61% 43.23%
Municipal
0.07% 0.00% 13.01% 49.03%
Derivative
0.00% -0.18% 27.96% 19.35%

Bond Geographic Breakdown

Weighting Return Low Return High VFSTX % Rank
US
75.11% 0.00% 137.59% 57.42%
Non US
19.76% 0.00% 78.37% 37.42%

Expenses

VFSTX - Expenses

Operational Fees

VFSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.20% 0.02% 83.41% 97.95%
Management Fee 0.18% 0.00% 1.19% 4.49%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.01% 0.41% N/A

Sales Fees

VFSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

VFSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VFSTX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 71.00% 0.00% 573.00% 54.11%

Distributions

VFSTX - Distributions

Dividend Yield Analysis

VFSTX Category Low Category High VFSTX % Rank
Dividend Yield 0.94% 0.00% 3.24% 57.05%

Dividend Distribution Analysis

VFSTX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

VFSTX Category Low Category High VFSTX % Rank
Net Income Ratio 2.71% -2.82% 3.78% 30.14%

Capital Gain Distribution Analysis

VFSTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Semi-Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

VFSTX - Fund Manager Analysis

Managers

Daniel Shaykevich


Start Date

Tenure

Tenure Rank

Apr 13, 2018

1.63

1.6%

Daniel Shaykevich, Principal of Vanguard. He has worked in investment management since 2001, has managed investment portfolios since 2004, has been with Vanguard since 2013. Prior to Vanguard, he was a portfolio manager for BlackRock from 2001 to 2013. He holds a B.S. from Carnegie Mellon University.

Samuel C. Martinez


Start Date

Tenure

Tenure Rank

Apr 13, 2018

1.63

1.6%

Samuel C. Martinez, CFA, Assistant Portfolio Manager at Vanguard. He has been with Vanguard since 2007, has worked in investment management since 2010, has managed investment portfolios since 2014. He holds a B.S. from Southern Utah University and M.B.A from The Wharton School of the University of Pennsylvania.

Arvind Narayanan


Start Date

Tenure

Tenure Rank

Nov 19, 2019

0.03

0.0%

Arvind Narayanan, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since February 2019, has worked in investment management since 2002, has managed investment portfolios since 2006, and has co-managed the Funds since November 2019. Education: B.A., Goucher College; M.B.A., New York University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 23.5 5.19 2.83