Investment objective & strategy
As of April 29, 2025 · prospectusObjective. The Portfolio seeks to provide current income while maintaining limited price volatility.
Strategy. Vanguard Variable Insurance Funds Short-Term Investment-Grade Portfolio (the Portfolio) invests in a variety of high-quality and medium-quality fixed income securities. Under normal circumstances, at least 80% of the Portfolios assets will be invested 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 Moodys Ratings or another independent rating agency; or, if unrated, are determined to be of comparable quality by the Portfolios advisor. Vanguard Variable Insurance Funds Short-Term Investment-Grade Portfolio (the Portfolio) invests in a variety of high-quality and medium-quality fixed income securities. Under normal circumstances, at least 80% of the Portfolios assets will be invested 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 Moodys Ratings or another independent rating agency; or, if unrated, are determined to be of comparable quality by the Portfolios advisor.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| US TREASURY N/B | — | $29.03M | 1.12% |
| US TREASURY N/B | — | $26.73M | 1.03% |
| US TREASURY N/B | — | $18.61M | 0.72% |
| US TREASURY N/B | — | $18.48M | 0.71% |
| ABBOTT LABS | — | $17.71M | 0.68% |
| ABBVIE INC | — | $14.33M | 0.55% |
| BOEING CO | — | $13.82M | 0.53% |
| US TREASURY N/B | — | $13.50M | 0.52% |
| US TREASURY N/B | — | $12.45M | 0.48% |
| US TREASURY N/B | — | $12.22M | 0.47% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| VANGUARD SHORT-TERM INVESTMENT-GRADE FUND · VFSTX, VFSUX, VFSIX | 78% | 0.07% |
| VANGUARD SHORT-TERM CORPORATE BOND INDEX FUND · VSCSX, VSTBX, VCSH | 33% | 0.03% |
| Schwab 1-5 Year Corporate Bond ETF · SCHJ | 33% | 0.03% |
Advisers
| Firm | Role |
|---|---|
| The Vanguard Group, Inc. | Adviser |
Footnotes
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
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