Vanguard Short-Term Bond Index Fund (VBIPX)
| Fund Assets | 63.85B |
| Expense Ratio | 0.03% |
| Min. Investment | $100,000,000 |
| Turnover | 56.00% |
| Dividend (ttm) | 0.38 |
| Dividend Yield | 3.69% |
| Dividend Growth | 22.73% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 10.30 |
| YTD Return | 2.20% |
| 1-Year Return | 2.72% |
| 5-Year Return | 3.74% |
| 52-Week Low | 10.08 |
| 52-Week High | 10.33 |
| Beta (5Y) | n/a |
| Holdings | 2921 |
| 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.
Performance
VBIPX had a total return of 2.72% in the past year, including dividends. Since the fund's inception, the average annual return has been 1.50%.
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 0.03% for VBIPX.
| Symbol | Name | Expense Ratio |
|---|---|---|
| BSV | Vanguard Short-Term Bond ETF | 0.03% |
Top 10 Holdings
8.48% of assets| Name | Symbol | Weight |
|---|---|---|
| United States Treasury Notes | T.3.875 06.30.30 | 1.23% |
| Mktliq 12/31/2049 | n/a | 1.07% |
| United States Treasury Notes | T.4 02.28.30 | 0.94% |
| United States Treasury Notes | T.4 05.31.30 | 0.83% |
| United States Treasury Notes | T.4.25 11.30.26 | 0.82% |
| United States Treasury Notes | T.4.125 01.31.27 | 0.74% |
| United States Treasury Notes | T.4.625 04.30.29 | 0.72% |
| United States Treasury Notes | T.4 03.31.30 | 0.72% |
| United States Treasury Notes | T.3.75 06.30.27 | 0.71% |
| United States Treasury Notes | T.1.5 01.31.27 | 0.70% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.0341 | Aug 1, 2025 |
| Jun 30, 2025 | $0.03288 | Jul 1, 2025 |
| May 30, 2025 | $0.03369 | Jun 2, 2025 |
| Apr 30, 2025 | $0.03242 | May 1, 2025 |
| Mar 31, 2025 | $0.03311 | Apr 1, 2025 |
| Feb 28, 2025 | $0.02957 | Mar 3, 2025 |