Short-Term Investment-Grade Portfolio
Data updated: 2026-08-28
C000012149 — Short-Term Investment-Grade Portfolio. Short Corporate Bond · $2.90B AUM · 0.14% expense ratio. Holdings, fees, performance and SEC filings.
C000012149 Fund Overview
Short-Term Investment-Grade Portfolio is a US mutual fund managed by Vanguard Variable Insurance Funds, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Vanguard Variable Insurance Funds
- Category: Short Corporate Bond
- Assets under management: $2.90B
- 1-year return: 3.9%
- SEC CIK: 0000857490
- SEC series ID: S000004393
- Share class ID: C000012149
C000012149 Investment Objective and Strategy
Short-Term Investment-Grade Portfolio describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Vanguard Variable Insurance Funds.
Investment objective
Vanguard Variable Insurance Funds Short-Term Investment-Grade Portfolio (the Fund) seeks to provide current income while maintaining limited price volatility.
Principal investment strategy
The Fund employs an active management approach. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in investment-grade fixed income securities (which include high- and medium-quality fixed income securities). For purposes of the 80% policy, investment-grade fixed income securities are those rated the equivalent of Baa3 and above by Moodys or another independent rating agency or, if unrated, are determined to be of comparable quality by the Funds advisor. The Fund expects to maintain a dollar-weighted average maturity between 1 and 4 years. The Fund may invest in derivatives such as options, futures contracts, and swap agreements.
C000012149 Holdings
Top 10 holdings of Short-Term Investment-Grade Portfolio by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| United States Treasury Note/Bond | 1.15% |
| United States Treasury Note/Bond | 1.10% |
| United States Treasury Note/Bond | 0.87% |
| Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 0.71% |
| United States Treasury Note/Bond | 0.68% |
| Abbott Laboratories | 0.60% |
| United States Treasury Note/Bond | 0.51% |
| AbbVie Inc | 0.48% |
| Boeing Co/The | 0.47% |
| United States Treasury Note/Bond | 0.46% |
C000012149 Portfolio Allocation
Asset-class allocation of Short-Term Investment-Grade Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Fixed Income | 91.1% |
| Securitized | 7.5% |
| Cash & Equivalents | 0.7% |
| Loans | 0.3% |
| Derivatives | 0.1% |
C000012149 Performance
Total returns for C000012149 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| YTD | 1.0% |
| 1 year | 3.9% |
| 3 years (annualised) | 5.7% |
| 5 years (annualised) | 2.4% |
C000012149 Risk Information
Risk metrics for C000012149, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 1.6%
C000012149 Costs and Fees
C000012149 costs about $14 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.14%
- Gross expense ratio: 0.14%
- Portfolio turnover: 104%
- Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)
C000012149 Cashflows
Over the 12 months to 2026-06, Short-Term Investment-Grade Portfolio had net inflows of $387.94M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2026-06 | $14.82M |
| 2026-05 | $288.00M |
| 2026-04 | −$12.36M |
| 2026-03 | $116.97M |
| 2026-02 | $8.87M |
| 2026-01 | $11.75M |
C000012149 Debt Constituents
Largest debt holdings of Short-Term Investment-Grade Portfolio by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| United States Treasury Note/Bond | 1.15% |
| United States Treasury Note/Bond | 1.10% |
| United States Treasury Note/Bond | 0.87% |
| United States Treasury Note/Bond | 0.68% |
| Abbott Laboratories | 0.60% |
| United States Treasury Note/Bond | 0.51% |
| AbbVie Inc | 0.48% |
| Boeing Co/The | 0.47% |
| United States Treasury Note/Bond | 0.46% |
| Eagle Funding Luxco Sarl | 0.37% |
C000012149 Prospectus and SEC Filings
Official Short-Term Investment-Grade Portfolio filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2026-04-28
- Prospectus (485BPOS) — filed 2025-04-29
- Prospectus (485BPOS) — filed 2024-04-26
- Portfolio holdings (N-PORT) — filed 2026-08-28
- Portfolio holdings (N-PORT) — filed 2026-05-28
- Portfolio holdings (N-PORT) — filed 2026-02-26
- Annual census (N-CEN) — filed 2026-03-12
- Annual census (N-CEN) — filed 2025-03-13
Related Funds
Other Short Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.