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Vanguard Short-Term Investment-Grade Admiral Fund (VFSUX)

Quick Facts Ticker: VFSUX Inception Date: 02/12/2001 Extended Performance Inception Date: 10/29/1982 Morningstar Category: Short Term Bond Total Net Assets (mil): $52,754.07	Investment Strategy    What's this? The investment seeks to provide current income while maintaining limited price volatility. Under normal circumstances, the fund will invest at least 80% of its assets in investment-grade securities (those of medium and high quality). The majority of these investments will have a dollar-weighted average maturity of 1 to 4 years. Investment-grade fixed income securities are those rated the equivalent of Baa3 and above by Moody's Ratings or another independent rating agency or, if unrated, are determined to be of comparable quality by the fund's advisor. The fund may invest in derivatives instruments, such as options, futures contracts, and other swap agreements.
Morningstar Style Box™   as of 07/31/2025    What's this?	Overall Morningstar Star Rating™   as of 08/31/2025    What's this? Out of 524 Short Term Bond Funds Morningstar's Star Ratings reflect risk adjusted performance and are derived from a weighted average of the performance figures associated with its three, five, and ten-year (if applicable) time periods.

Total Returns

Returns shown for periods of less than one year are not annualized. All returns displayed here are after Total Investment Expense of the investment option.

The Year-to-Date Change represents an unannualized rate of return (change in value) since the start of the year. All returns shown here are after the Total Investment Expense of the investment option.

In situations where the net and gross fund expense figures are different, the investment manager has contractually agreed to limit the investment option's expense. Differences may also be shown due to the investment manager choosing to pay certain expenses that would normally be payable by the fund. The gross fund expense figure does not reflect any waivers or caps on the fund. Performance when shown reflects the application of net expenses of the fund.

Returns represent past performance and do not guarantee future results. Share price, principal value, and return will vary and you may have a gain or loss when shares are sold. Current performance may be lower or higher than quoted. For more performance information, including the most recent month-end performance, visit principal.com.

Month-End | Quarter-End

Average Annual Total Returns as of 08/31/2025

1 Month 3 Month YTD 1 Year 3 Year 5 Year 10 Year Since      Inception* Total Return % 1.07 2.16 5.11 5.82 5.33 2.15 2.68 3.37 Bloomberg Government/Credit 1-3 Year Index % 0.88 1.50 3.80 4.64 4.14 1.71 1.93 --- Short Term Bond Category % 0.96 1.93 4.37 5.24 4.91 2.17 2.34 --- Morningstar Percentile Rankings** --- --- --- 13 25 48 22 --- # of Funds in Category 557 556 555 552 524 483 376 ---

* Inception Date: 02/12/2001 ; Extended Performance Inception Date: 10/29/1982

**Morningstar percentile rankings are based on total returns.

Expenses   as of 08/31/2025 Total Investment Expense - Gross: 0.09% Total Investment Expense - Net: 0.09% Total Investment Expense Gross Per $1,000 Invested: $0.90

Inv Manager or Sub-Advisor

   What's this?

Vanguard Group

Portfolio Managers

   What's this?

Daniel Shaykevich Since 04/13/2018 B.S. , Carnegie Mellon University

Arvind Narayanan Since 11/19/2019

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