Vanguard Short-Term Investment-Grade Fund Investor Shares
VFSTX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- PO Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Oct 29, 1982
- CIK
- 0000106444
- Website
- vanguard.com
- Similar Companies
- Business
- Vanguard Short-Term Investment Grade Fund Investor Shares (VFSTX) is a mutual fund managed by The Vanguard Group Inc that seeks to provide current income with a significant portion of the fund's assets invested in investment-grade debt securities with maturities of less than five years, including U.S. Treasury, agency, and mortgage-backed securities; corporate bonds; and asset-backed securities. The fund employs a laddered portfolio strategy across various sectors such as government, corporate, and securitized debt, maintaining an average duration typically under three years to mitigate interest rate risk while targeting a yield advantage over comparable benchmarks like the Bloomberg U.S. 1-5 Year Government/Credit Float Adjusted Index. It offers share classes including Investor Shares (VFSTX) with a minimum initial investment of $3,000, Admiral Shares (VFSAX) for lower expense ratios, and Institutional Shares for eligible investors; services include automatic investment plans, dividend reinvestment, and exchange privileges within Vanguard's fund family. Established as part of Vanguard's fixed income offerings since 1991 and headquartered in Malvern, Pennsylvania, the fund operates globally through its investments in domestic and international debt markets, serving individual investors, retirement plans, and institutional clients seeking short-term, low-volatility income solutions. Vanguard Group, the fund's sponsor and adviser, manages over $9 trillion in assets across equity, fixed income, and multi-asset strategies as of late 2025, with VFSTX maintaining a low expense ratio of 0.20% for Investor Shares due to Vanguard's investor-owned structure. In recent developments, Vanguard announced enhancements to its fixed income lineup in 2024, including expanded ESG-screened short-term bond options and integration of active duration management amid rising interest rates; the firm also completed a strategic acquisition of a quantitative fixed income research platform in early 2025 to bolster risk analytics for funds like VFSTX. Additionally, VFSTX benefited from Vanguard's broader operational shift toward digital onboarding and ETF conversions for select bond funds, improving liquidity and accessibility without altering VFSTX's mutual fund structure. No major reorganizations or name changes have affected the fund in the last two years, though Vanguard continues to emphasize cost efficiency and portfolio resilience in a higher-rate environment.