VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND
VANGUARD SCOTTSDALE FUNDS · Series S000026862 · 3 share classes
data updated 2026-08-17
Fund profile
As filed in the prospectus · 2026 Q2
Vanguard Short-Term Corporate Bond Index Fund (the Fund) seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity.
The fund tracks the Bloomberg U.S. 1-5 Year Corporate Bond Index using a sampling approach, holding a range of investment-grade corporate bonds maturing between one and five years that approximate the index's risk characteristics. Because the fund samples rather than holds all index constituents, its performance may diverge from the index.
| Share class | Expense ratio |
|---|---|
| VSCSX | 0.06% |
| VSTBX | 0.03% |
| VCSH | 0.03% |
Portfolio turnover 73.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q1
| Bonds | 98.69% |
| Cash & short-term | 0.32% |
| Derivatives | -0.01% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: United States Treasury Note/Bond, JPMorgan Chase & Co, The Goldman Sachs Group Inc, Abbott Laboratories, Oracle Corp ×2, Alphabet Inc, US Bancorp
Largest exited: United States Treasury Note/Bond, The Goldman Sachs Group Inc, Morgan Stanley, Citigroup Inc, JPMorgan Chase & Co ×2, Apple Inc, Amazon.com Inc
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Feb 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| — | — | — | — | — | |
| — | — | — | — | — | |
| — | — | — | — | — |
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-02-28
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 75.9% |
| Floating rate | 24.1% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.1% |
| 1-3y | 44.7% |
| 3-5y | 48.0% |
| 5-10y | 6.4% |
| 10y+ | 0.8% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q1
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 52% |
| Interest rates | 48% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +2.72 yr |
| High yield | +0.04 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.02 yr | 1% |
| 1 yr | 1.12 yr | 43% |
| 5 yr | 1.46 yr | 56% |
| 10 yr | 0.00 yr | 0% |
| 30 yr | 0.00 yr | 0% |
| 3 mo | 0.01 yr | 0% |
| 1 yr | 1.10 yr | 40% |
| 5 yr | 1.60 yr | 58% |
| 10 yr | 0.04 yr | 2% |
| 30 yr | 0.01 yr | 0% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.02 | +0.01 | +0.00 | $55.0k | $1.3k |
| 1 yr | +1.12 | +1.08 | +0.02 | $5.20m | $90.8k |
| 5 yr | +1.46 | +1.57 | +0.02 | $7.60m | $103.2k |
| 10 yr | +0.00 | +0.04 | +0.00 | $210.3k | $67 |
| 30 yr | +0.00 | +0.01 | +0.00 | $61.6k | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 0.32% | $152.12M | — |
| — | United States Treasury Note/Bond3.38% · due 2028-02-29 | 0.29% | $141.72M | — |
| — | Bank of America Corp3.42% floating · due 2028-12-20 | 0.24% | $117.47M | — |
| — | AbbVie Inc3.20% · due 2029-11-21 | 0.21% | $102.53M | — |
| — | CVS Health Corp4.30% · due 2028-03-25 | 0.21% | $101.43M | — |
| — | T-Mobile USA Inc3.88% · due 2030-04-15 | 0.20% | $94.15M | — |
| — | The Boeing Co5.15% · due 2030-05-01 | 0.19% | $90.50M | — |
| — | Wells Fargo & Co5.57% floating · due 2029-07-25 | 0.18% | $87.91M | — |
| — | Pfizer Investment Enterprises Pte Ltd4.45% · due 2028-05-19 | 0.17% | $84.08M | — |
| — | Amgen Inc5.15% · due 2028-03-02 | 0.17% | $82.21M | — |
Top 10 positions are 2.18% of net assets, top 25 4.51%, across 818 issuers.
See more of this fund's book
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