Vanguard Institutional Intermediate-Term Bond Fund (VIITX)
The investment seeks to provide a high level of current income consistent with the maintenance of principal and liquidity. The fund invests primarily in a diversified portfolio of short- and intermediate-term high-quality fixed income securities. It is expected to maintain a dollar-weighted average maturity of 3 to 10 years. Under normal circumstances, the fund will invest at least 80% of its assets in fixed income securities.
Fund Info
US9220208543
Jun 19, 2015
$10,000,000
Expense Ratio
VIITX has an expense ratio of 0.02%, which is considered low compared to other funds.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Vanguard Institutional Intermediate-Term Bond Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Vanguard Institutional Intermediate-Term Bond Fund had a return of 0.95% year-to-date (YTD) and 5.36% in the last 12 months.
VIITX
0.95%
0.67%
0.63%
5.36%
0.53%
N/A
^GSPC (Benchmark)
4.01%
1.13%
9.82%
22.80%
12.93%
11.26%
Monthly Returns
The table below presents the monthly returns of VIITX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 0.62% | 0.95% | |||||||||||
| 2024 | 0.11% | -0.93% | 0.69% | -1.45% | 1.34% | 0.80% | 1.95% | 1.21% | 1.09% | -1.66% | 0.74% | -0.60% | 3.26% |
| 2023 | 2.02% | -1.71% | 1.95% | 0.51% | -0.64% | -0.46% | 0.32% | -0.15% | -1.40% | -0.77% | 3.14% | 2.56% | 5.37% |
| 2022 | -1.26% | -0.75% | -2.19% | -1.97% | 0.78% | -1.13% | 1.70% | -1.93% | -2.91% | -0.67% | 2.32% | -0.12% | -7.98% |
| 2021 | -0.09% | -0.72% | -0.55% | 0.51% | 0.18% | -0.03% | 0.55% | -0.12% | -0.38% | -0.46% | -0.03% | -0.86% | -2.00% |
| 2020 | 1.24% | 1.24% | 0.17% | 1.05% | 0.72% | 0.53% | 0.61% | -0.06% | 0.02% | -0.11% | 0.40% | -0.74% | 5.18% |
| 2019 | 0.82% | 0.14% | 1.29% | 0.11% | 1.30% | 0.88% | 0.16% | 1.45% | -0.26% | 0.38% | -0.10% | 0.12% | 6.44% |
| 2018 | -0.95% | -0.40% | 0.27% | -0.42% | 0.53% | 0.03% | 0.05% | 0.54% | -0.32% | -0.24% | 0.55% | 1.24% | 0.87% |
| 2017 | 0.22% | 0.37% | 0.08% | 0.53% | 0.42% | -0.18% | 0.47% | 0.56% | -0.39% | 0.01% | -0.25% | 0.15% | 2.00% |
| 2016 | 1.24% | 0.46% | 0.60% | 0.20% | -0.03% | 1.21% | 0.30% | -0.16% | 0.24% | -0.35% | -1.70% | -0.90% | 1.09% |
| 2015 | -0.18% | -0.43% | -0.60% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of VIITX is 71, indicating average performance compared to other mutual funds on our website. Here’s a breakdown of how it compares using common performance measures.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Vanguard Institutional Intermediate-Term Bond Fund (VIITX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Vanguard Institutional Intermediate-Term Bond Fund provided a 4.37% dividend yield over the last twelve months, with an annual payout of $0.93 per share. The fund has been increasing its distributions for 3 consecutive years.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.93 | $0.92 | $0.77 | $0.45 | $0.28 | $0.47 | $0.63 | $0.59 | $0.47 | $0.47 | $0.12 |
Dividend yield | 4.37% | 4.36% | 3.62% | 2.15% | 1.20% | 1.94% | 2.69% | 2.62% | 2.04% | 2.05% | 0.51% |
Monthly Dividends
The table displays the monthly dividend distributions for Vanguard Institutional Intermediate-Term Bond Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.08 | $0.00 | $0.08 | ||||||||||
| 2024 | $0.07 | $0.07 | $0.08 | $0.07 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.08 | $0.92 |
| 2023 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.06 | $0.07 | $0.07 | $0.07 | $0.07 | $0.07 | $0.08 | $0.77 |
| 2022 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.45 |
| 2021 | $0.03 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.28 |
| 2020 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.47 |
| 2019 | $0.06 | $0.05 | $0.06 | $0.06 | $0.06 | $0.05 | $0.06 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.63 |
| 2018 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.06 | $0.59 |
| 2017 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.47 |
| 2016 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.47 |
| 2015 | $0.04 | $0.04 | $0.04 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Vanguard Institutional Intermediate-Term Bond Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Vanguard Institutional Intermediate-Term Bond Fund was 13.20%, occurring on Oct 20, 2022. The portfolio has not yet recovered.
The current Vanguard Institutional Intermediate-Term Bond Fund drawdown is 1.72%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -13.2% | Dec 22, 2020 | 461 | Oct 20, 2022 | — | — | — |
| -3.52% | Sep 30, 2016 | 61 | Dec 27, 2016 | 507 | Jan 3, 2019 | 568 |
| -3.4% | Mar 10, 2020 | 8 | Mar 19, 2020 | 18 | Apr 15, 2020 | 26 |
| -1.23% | Sep 5, 2019 | 7 | Sep 13, 2019 | 14 | Oct 3, 2019 | 21 |
| -0.85% | Oct 7, 2019 | 24 | Nov 7, 2019 | 38 | Jan 3, 2020 | 62 |
Volatility
Volatility Chart
The current Vanguard Institutional Intermediate-Term Bond Fund volatility is 0.78%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.