Expense ratio: 0.20%
Vanguard Short-Term Investment grade is a bond fund and a member of the Kiplinger 25, the annual list of our favorite funds.
Investors seeking to beat the return of a bank account can get it here. The fund, which yields 1.6%, holds mostly high-quality corporate and asset-backed debt with maturities of less than three years.
See FUND TABLES: Kiplinger 25 at a Glance for the complete list of our favorite no-load mutual funds. Visit Kiplinger's Model Portfolios for three examples of how you can put Kiplinger 25 funds to work. And for the full collection of our Kiplinger 25 content, see KIPLINGER 25: A Guide to Our Favorite No-Load Funds.