VANGUARD SHORT-TERM INVESTMENT-GRADE ADM

About

Vanguard Short-Term Investment-Grade Adm is a Vanguard mutual fund that invests primarily in short-term, investment-grade fixed-income securities such as corporate, asset-backed, and government-related debt. The fund seeks current income with lower interest-rate risk by maintaining a short average maturity, and the Admiral share class offers a lower expense ratio for larger investments. It provides diversified exposure to high-quality short-term credit as an alternative to longer-duration bond funds.