Vanguard Short-Term Treasury Inv (VFISX - MF report) a Zacks Ranked #2 (Buy) seeks high level of interest income. VFISX invests in repurchase agreements, contracts in which a bank or securities dealer sells government securities and agrees to repurchase them on a specific date and at a specific price. VFISX also invests in futures and options contracts, which are traditional types of derivatives, when they allow a transaction to be completed at a better price than by purchasing actual bonds. VFISX lends its investment securities to qualified institutional investors for the purpose of realizing additional income. VFISX declares dividends daily and distributes them on the first business day of each month. VFISX distributes capital gains annually in December.
The Vanguard Short-Term Treasury Inv fund, managed by Vanguard Group, carries an expense ratio of 0.20, and requires a minimal initial investment of $3,000.
VFISX returns over the 1, 3, 5 year benchmarks are; 1 year 0.80%, 3 year 0.34%, and 5 year 0.92%. To see how this fund performed compared in its category, please click here.
VFISX’s performance, as of the last filing, when compared to funds in its category was in the top 49% in 1 year, top 55% over the past 3 years, and in the 83% over the past 5 years.
