VFSTX: Vanguard Short-Term Investment-Grade Inv

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VFSTX Vanguard Short-Term Investment-Grade Inv

  • Fund
  • VFSTX
  • Price as of: Nov 15, 2019
  • $10.73 - $0.00 - 0.00%

VFSTX - Profile

Vitals

  • YTD Return 2.8%
  • 3 Yr Annualized Return 0.2%
  • 5 Yr Annualized Return 0.0%
  • Net Assets $61.3 B
  • Holdings in Top 10 9.1%

52 WEEK LOW AND HIGH

$10.73
$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 CATEGORY

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

Distributions

  • YTD Total Return 2.8%
  • 3 Yr Annualized Total Return 0.2%
  • 5 Yr Annualized Total Return 0.0%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 2.71%
DIVIDENDS
  • Dividend Yield 1.2%
  • 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.

VFSTX - Performance

Return Ranking - Trailing

Period VFSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -6.6% 6.3% 29.86%
1 Yr 3.2% -9.0% 7.0% 21.58%
3 Yr 0.2%* -3.8% 4.4% 64.46%
5 Yr 0.0%* -2.8% 3.1% 38.26%
10 Yr 0.1%* -7.3% 3.0% 42.17%

* Annualized


Return Ranking - Calendar

Period VFSTX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.8% -4.1% 1.0% 61.79%
2017 0.0% -0.7% 2.8% 45.76%
2016 0.7% -65.8% 7.1% 37.72%
2015 -0.9% -7.0% 3.0% 21.82%
2014 -0.4% -6.9% 3.2% 16.50%

Total Return Ranking - Trailing

Period VFSTX Return Category Return Low Category Return High Rank in Category (%)
YTD 2.8% -6.6% 6.3% 31.25%
1 Yr 3.2% -9.0% 7.0% 23.02%
3 Yr 0.2%* -3.8% 4.4% 66.94%
5 Yr 0.0%* -2.4% 3.1% 52.17%
10 Yr 0.1%* -7.3% 3.0% 55.42%

* Annualized


Total Return Ranking - Calendar

Period VFSTX Return Category Return Low Category Return High Rank in Category (%)
2018 -1.8% -4.1% 3.2% 66.67%
2017 0.0% -0.7% 4.7% 60.17%
2016 0.7% -65.2% 8.4% 47.37%
2015 -0.9% -7.0% 3.1% 31.82%
2014 -0.4% -6.9% 3.6% 28.16%

NAV & Total Return History

VFSTX - Holdings

Concentration Analysis

VFSTX Category Low Category High VFSTX % Rank
Net Assets 61.3 B 272 K 61.3 B 1.33%
Number of Holdings 2023 7 2023 1.34%
Net Assets in Top 10 5.5 B -5.43 M 6.25 B 6.04%
Weighting of Top 10 9.06% 6.2% 124.0% 86.58%

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% 153.66% 51.68%
Cash
3.55% -62.99% 77.61% 53.02%
Convertible Bonds
1.58% 0.00% 12.38% 33.56%
Stocks
0.00% -0.48% 7.80% 52.35%
Preferred Stocks
0.00% 0.00% 36.74% 51.68%
Other
0.00% -1.14% 13.35% 48.99%

Bond Sector Breakdown

Weighting Return Low Return High VFSTX % Rank
Corporate
61.75% 3.16% 104.45% 26.85%
Securitized
24.03% 0.00% 66.51% 57.05%
Government
10.60% -11.82% 77.57% 53.69%
Cash & Equivalents
3.54% -62.94% 77.61% 51.01%
Municipal
0.07% 0.00% 13.01% 42.95%
Derivative
0.00% -0.03% 26.12% 58.39%

Bond Geographic Breakdown

Weighting Return Low Return High VFSTX % Rank
US
75.11% 0.00% 143.98% 56.38%
Non US
19.76% 0.00% 80.83% 45.64%

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% 97.87%
Management Fee 0.18% 0.00% 1.19% 6.00%
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

Turnover 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% 53.57%

VFSTX - Distributions

Dividend Yield Analysis

VFSTX Category Low Category High VFSTX % Rank
Dividend Yield 1.17% 0.00% 3.24% 49.33%

Dividend Distribution Analysis

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

Dividend Payout History


Net Income Ratio Analysis

VFSTX Category Low Category High VFSTX % Rank
Net Income Ratio 2.71% -2.82% 3.78% 30.50%

Capital Gain Distribution Analysis

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

VFSTX - Managers

Daniel Shaykevich

Manager

Start Date

Tenure

Tenure Rank

Apr 13, 2018

1.55

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

Manager

Start Date

Tenure

Tenure Rank

Apr 13, 2018

1.55

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.


Tenure Analysis

Category Low

0.04

Category High

23.42

Category Average

5.01

Category Mode

2.75