ASBAX vs VFSIX

Both ASBAX and VFSIX are mutual funds. ASBAX has a lower 5-year return than VFSIX (0.78% vs 1.47%). ASBAX has a higher expense ratio than VFSIX (0.67% vs 0.07%). Below is the comparison between ASBAX and VFSIX.

ASBAX VFSIX
Security Type Mutual fund Mutual fund
Segment Taxable Fixed Income: Short-term Bond Taxable Fixed Income: Short-term Bond
Family American Funds Vanguard
Net Assets $4.96B $13.47B
Expense Ratio 0.67% 0.07%
Management Style active active
Dividend Yield 0.49% 1.78%
Minimum Investment $1,000.00 $5,000,000.00
YTD Return -2.72% -4.84%
1-Year Return -1.89% -2.90%
3-Year Return 0.43% 0.94%
5-Year Return 0.78% 1.47%
10-Year Return 0.66% 1.85%

ASBAX

ASBAX description

The Fund seeks to provide current income by maintaining a portfolio having a dollar-weighted average effective maturity no greater than three years and consisting primarily of debt securities with a quality rating of AA, Aa3 or better, or if unrated securities determined by the adviser to be of equivalent quality.

ASBAX performance & returns

YTD Return -2.72%
1-Month Return -0.08%
3-Month Return -1.89%
1-Year Return -1.89%
3-Year Return 0.43%
5-Year Return 0.78%
10-Year Return 0.66%
ASBAX expense ratio is 0.67%.

ASBAX holdings

Top 10 Holdings (17.08% of Total Assets)

Name Symbol % Assets
United States Treasury Notes 0.13% N/A 4.78%
US Treasury Note 0.12% N/A 3.02%
United States Treasury Notes 1.62% N/A 2.61%
United States Treasury Notes 1.75% N/A 2.51%
United States Treasury Notes 1.5% N/A 2.21%
United States Treasury Notes 0.12% N/A 1.95%

ASBAX pros

None that we could think of.

ASBAX cons

The following are ASBAX weaknesses from our perspective:

  • ASBAX 3-year return is 0.43%, which is lower than the 3-year return of the benchmark index (Bloomberg Government/Credit 1-3 Yr Ex Baa TR USD), 0.78%.
  • ASBAX 5-year return is 0.78%, which is lower than the 5-year return of the benchmark index (Bloomberg Government/Credit 1-3 Yr Ex Baa TR USD), 1.1%.
  • ASBAX 10-year return is 0.66%, which is lower than the 10-year return of the benchmark index (Bloomberg Government/Credit 1-3 Yr Ex Baa TR USD), 0.97%.
  • ASBAX 15-year return is 1.21%, which is lower than the 15-year return of the benchmark index (Bloomberg Government/Credit 1-3 Yr Ex Baa TR USD), 1.84%.
  • ASBAX expense ratio is 0.67%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • Warning: this fund has a 12b1 and front-end sales fee. The maximum 12b1 fee is 0.3%, while the maximum front-end sales load is 2.5%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund. Front-end sales load, also known as sales charge, is a fee paid when mutual funds shares are purchased. Those fees are subtracted from your total investable assets.

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VFSIX

VFSIX description

The Fund seeks a high level of current income and capital appreciation by investing primarily in investment-grade fixed income securities that have an average maturity of one to three years.

VFSIX performance & returns

YTD Return -4.84%
1-Month Return -0.13%
3-Month Return -2.90%
1-Year Return -2.90%
3-Year Return 0.94%
5-Year Return 1.47%
10-Year Return 1.85%
VFSIX expense ratio is 0.07%.

VFSIX holdings

Top 10 Holdings (1.65% of Total Assets)

Name Symbol % Assets
CVS Health Corp N/A 0.61%
United States Treasury Notes N/A 0.57%
Federal National Mortgage Association N/A 0.47%

VFSIX pros

The following are VFSIX strengths from our perspective:

  • VFSIX 5-year return is 1.47%, which is in line with the 5-year return of the benchmark index (Bloomberg Credit 1-5 Yr TR USD), 1.6%.
  • VFSIX 10-year return is 1.85%, which is in line with the 10-year return of the benchmark index (Bloomberg Credit 1-5 Yr TR USD), 1.96%.
  • VFSIX expense ratio is 0.07%, which is considered low. Nice job picking a low-cost fund.
  • Good news: this fund does not have 12b1, front-end or back-end sales fees.

VFSIX cons

The following are VFSIX weaknesses from our perspective:

  • VFSIX 3-year return is 0.94%, which is lower than the 3-year return of the benchmark index (Bloomberg Credit 1-5 Yr TR USD), 1.09%.
  • VFSIX 15-year return is 2.7%, which is lower than the 15-year return of the benchmark index (Bloomberg Credit 1-5 Yr TR USD), 3.09%.

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