VSGDX

About VSGDX

Vanguard Short-Term Federal Fund Admiral Shares is an actively managed U.S. fixed income mutual fund focused on generating current income with limited price volatility. The fund invests at least 80% of assets in short-term bonds issued or guaranteed by the U.S. government, its agencies, and instrumentalities, targeting a dollar‑weighted average maturity of roughly one to four years. Its portfolio emphasizes agency debentures and government-backed securities rather than corporate credit, aligning it with the short government category and aiming to contain credit risk while managing interest-rate exposure. The strategy integrates top‑down macro views with bottom‑up security selection within a defined risk framework, concentrating on duration, yield curve positioning, and sector allocation. With a low expense ratio and institutional share class structure, the fund seeks to deliver efficient after‑fee results in the short‑duration government segment. It distributes income monthly and typically maintains high credit quality and limited interest rate sensitivity relative to broader government benchmarks. Founded in 2001, the fund serves investors seeking defensive fixed income exposure anchored in U.S. government and agency markets.