Vanguard Short-Term Corporate Bond Index Fund Admiral Shares VSCSX NASDAQ

Vanguard Short-Term Corporate Bond Index Fund Admiral Shares is a low-cost index fund that invests in investment-grade, fixed-rate corporate bonds issued by industrial, utility, and financial companies with maturities between one and five years. The fund holds U.S. dollar-denominated, taxable bonds and aims to provide steady income while maintaining lower interest rate sensitivity compared to longer-duration bond funds. Like all bond funds, the fund faces interest rate risk, where rising rates can reduce bond prices and future income; however, this risk is moderated by the fund's short-term focus. The fund is designed for investors with short-term savings objectives who can tolerate moderate price fluctuations in exchange for current yield.