Vanguard Short-Term Corporate Bond Index Fund Admiral Shares
VSCSX
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USD
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Capital Structure
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- PO Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Nov 19, 2009
- CIK
- 0001021882
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Short-Term Corporate Bond Index Fund Admiral Shares (VSCSX) is an index mutual fund that employs a passive investment approach to track 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; under normal circumstances, at least 80% of its assets are allocated to bonds included in the index, excluding riskier securities such as contingent capital bonds, eurobonds, or those with equity features. It offers Admiral Shares with an adjusted expense ratio of 0.07%, a minimum initial investment of $3,000, monthly dividend distributions yielding approximately 4.15% trailing twelve months, and an effective duration of 2.67 years, targeting institutional and long-term investors seeking income with limited interest-rate sensitivity and medium credit quality exposure. The fund, managed by Joshua Barrickman since inception with Jake Riley added in June 2025, holds over 2,600 securities weighted by market value, with top holdings including Bank of America Corporation bonds, AbbVie Inc. notes, and CVS Health Corp. debt. Launched on November 19, 2009, and domiciled in the United States, VSCSX operates as a share class of Vanguard funds managed by The Vanguard Group, Inc., headquartered in Malvern, Pennsylvania. As of mid-2025, the fund manages approximately $46 billion in assets, reflecting strong inflows amid Vanguard's broader growth. It serves primarily individual and institutional investors in the short-term bond category, with an equivalent ETF share class available under ticker VCSH at a lower 0.04% expense ratio and related institutional shares under VSTBX at 0.05%. In early 2025, Vanguard implemented its largest-ever fee reductions across 87 funds including 168 share classes, lowering expense ratios by an average of 20% effective February 1 and saving investors an estimated $350 million annually, underscoring the firm's client-focused pricing strategy amid record asset growth. Under new CEO Salim Ramji, Vanguard established a dedicated advice and wealth management division in 2025 to address surging client demand, while pursuing selective private asset collaborations with firms like Wellington and Blackstone without altering core index fund operations. These changes supported VSCSX's strong performance, with a 6.64% one-year total return through mid-2025, outperforming short-term bond peers by leveraging credit spread tightening and low costs.