# Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/vubfx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: Vanguard · Asset class: Core Investment Grade Bond - Strategy: Actively Managed · Inception: 2015-02-24 This fund's primary objective is to generate ongoing income while striving to maintain relatively stable share prices. It accomplishes this by investing in a broad array of fixed income instruments, mainly those rated as high-quality, with a smaller allocation to medium-quality debt. The fund's investments are managed to keep a very short dollar-weighted average maturity, typically between zero and two years. Under standard market conditions, at least 80% of its total assets will be dedicated to fixed income securities. It offers investors an affordable gateway to money market-like instrume... ## Key Facts | Metric | Value | |---|---| | Price | $9.98 | | Expense Ratio | 0.20% | | Assets Under Management | $15.90B | | NAV | $9.98 | | Holdings Count | 751 | | Distribution Yield (TTM) | 4.32% | | Annual Distribution (TTM) | $0.43 /share | | Distribution Frequency | Monthly | | 52-Week Range | $9.95 – $10.08 | | Beta | 0.10 | ## Latest Distribution - Amount: $0.0358 /share - Ex-date: 2026-10-01 - Pay date: 2026-10-02 ## Frequently Asked Questions ### What does VUBFX invest in? This fund's primary objective is to generate ongoing income while striving to maintain relatively stable share prices. It accomplishes this by investing in a broad array of fixed income instruments, mainly those rated as high-quality, with a smaller allocation to medium-quality debt. The fund's investments are managed to keep a very short dollar-weighted average maturity, typically between zero and two years. Under standard market conditions, at least 80% of its total assets will be dedicated to fixed income securities. It offers investors an affordable gateway to money market-like instruments and high-grade, short-term bonds, including those issued by governments, corporations (investment-grade), and asset-backed securities. Although it usually offers a better yield than traditional money market funds, its share price is subject to variability, and investors face principal risk; thus, it should not be considered an identical replacement for a money market fund. Furthermore, rising interest rates present a risk, potentially causing the value of the bonds within the portfolio, and subsequently the fund's share price, to decline. It is important to note that this Ultra-Short-Term Bond Fund is a distinct product, separate from the Vanguard Ultra-Short Bond ETF (VUSB), and due to variations in size, investment methodologies, and specific holdings, their investment performance is anticipated to differ. ### What is the expense ratio of VUBFX? Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) charges an expense ratio of 0.20%. This is the annual fee deducted from fund assets to cover management and operations. ### What is VUBFX's dividend yield? VUBFX's trailing-twelve-month yield is 4.32%, calculated from the sum of dividends over the past year divided by the current price. ### What is the duration of VUBFX? Effective duration measures VUBFX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VUBFX's current duration is published on the fund's factsheet on the issuer's website. ### What is the credit quality of VUBFX? VUBFX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds. ### What is the yield to maturity of VUBFX? Yield to maturity (YTM) is the total return you'd earn from VUBFX if every bond in the portfolio is held to maturity at the current price. VUBFX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid. ### Does VUBFX pay a dividend? Yes, Vanguard Ultra-Short-Term Bond Fund Investor Shares (VUBFX) distributes dividends to shareholders. The trailing-twelve-month yield is 4.32%. Full dividend history is on this page. ### How often does VUBFX pay dividends? Vanguard Ultra-Short-Term Bond Fund Investor Shares pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is VUBFX's next ex-dividend date? The most recently announced ex-dividend date for VUBFX was 2026-10-01. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will VUBFX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.20% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does VUBFX charge its expense ratio? The expense ratio is deducted in tiny daily slices from VUBFX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does VUBFX cost more than a fund like VOO? VUBFX is actively managed (current expense ratio 0.20%). Active funds charge more than passive index trackers in exchange for the manager's discretion to over- or under-weight positions. The Cost Verdict card above tells you whether VUBFX's fee is competitive for the active-management cohort. ### Are there cheaper alternatives to VUBFX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as VUBFX (0.20%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/vubfx - Distribution history: https://www.dividenddata.com/funds/vubfx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/vubfx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/vubfx/expenses - Peer comparison: https://www.dividenddata.com/funds/vubfx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.