Vanguard Short-Term Corporate Bond ETF
VCSH
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USD
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Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Nov 23, 2009
- CIK
- 0001021882
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Short-Term Corporate Bond ETF (VCSH) is an exchange-traded fund that employs an indexing investment approach designed to track the performance of the Bloomberg U.S. 1-5 Year Corporate Bond Index. The fund invests primarily in U.S. dollar-denominated, investment-grade, fixed-rate, taxable corporate bonds issued by U.S. and non-U.S. industrial, utility, and financial companies with maturities between 1 and 5 years; it maintains a dollar-weighted average maturity in this short-term range and allocates at least 80% of its assets to bonds included in the benchmark index. Launched on November 19, 2009, and domiciled in the United States, VCSH is managed by The Vanguard Group, Inc., headquartered in Malvern, Pennsylvania, and serves investors seeking current income with modest price fluctuation and low interest-rate sensitivity. The ETF's portfolio emphasizes high-quality investment-grade securities, providing exposure to approximately 2,554 holdings with a focus on mid-credit quality and limited interest-rate risk; it targets fixed-income investors in the short-term bond category, including those prioritizing moderate income over longer-duration volatility. Geographic operations concentrate on U.S. bonds (about 82%) supplemented by non-U.S. bonds (about 18%), reflecting the index's composition of domestic and select international issuers. As of late 2025, the fund manages total net assets exceeding $46 billion, underscoring its scale within Vanguard's fixed-income offerings. In recent developments, Vanguard announced portfolio manager changes across multiple funds in June 2025, with Jake Riley joining Joshua Barrickman as co-manager for VCSH effective June 26, 2025; this adjustment aligns with broader leadership optimizations at the firm. Amid tightening credit spreads and expectations of further rate cuts into 2026, VCSH has seen heightened investor interest, evidenced by significant new positions from investment managers such as My Personal CFO, LLC (165,923 shares valued at $13.3 million in Q3 2025) and Saranac Partners LTD (51,265 shares valued at $4.1 million). The fund continues monthly distributions, with recent payouts including $0.2911 per share in December 2025, supporting its appeal in a dynamic fixed-income environment.