Symbols

VCSH

Vanguard Short-Term Corporate Bond ETF·NASDAQ

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Key Stats

Assets Under Management

40.99BUSD

Fund Flows (1Y)

4.07BUSD

Dividend Yield

4.36%

Discount/Premium to NAV

0.04%

Shares Outstanding

513.50M

Expense Ratio

0.03%

About Vanguard Short-Term Corporate Bond ETF

Issuer

Vanguard

Brand

Vanguard

Home Page

https://investor.vanguard.com/investment-products/etfs/profile/vcsh

Inception Date

Nov 19, 2009

Structure

Open-Ended Fund

Index Tracked

Bloomberg US 1-5 Year Corporate Bond Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

The Vanguard Group, Inc.

Distributor

Vanguard Marketing Corp.

VCSH defines "short-term" bonds as bonds that mature within the next 1 to 5 years. This definition extends beyond our benchmark's 1- to 3-year coverage, but is still a reasonable take on the short-term space. Not surprisingly, VCSH has a weighted average maturity that's typically about 1 year longer than our benchmark's. It usually has a higher effective duration too, meaning it's more sensitive to changes in interest rates. For those willing to bear added interest-rate risk in search of higher yield, VCSH gets it done with very low holding and trading costs.