VFICX

About VFICX

Vanguard Intermediate-Term Investment-Grade Fund Investor Shares is a mutual fund focused on generating a moderate and sustainable level of current income through the investment in a diversified portfolio of investment-grade fixed income securities. The fund allocates at least 80% of its assets to high-quality and medium-quality bonds, primarily those rated A3 or higher, and Baa1 to Baa3, with an average maturity spanning five to ten years. Its portfolio emphasizes intermediate-term corporate bonds but also includes government, financial, and asset-backed securities, offering broad sector exposure within the investment-grade space. This fund plays a vital role for investors seeking core bond market exposure, balancing yield potential and interest rate risk. Recognized for its low expense ratio and consistent management, it serves as a foundational component for income-focused portfolios, providing diversification, lower volatility compared to equities, and a steady stream of monthly dividends. Launched in 1993 and overseen by Vanguard's experienced team, the fund has grown to represent a significant presence within the U.S. corporate bond fund category.