Expense ratio: 0.20%
Vanguard Short-Term Investment grade is a bond fund and a member of the Kiplinger 25.
With an average maturity of 3.2 years, a yield of 1.5% and a low annual fee of 0.20%, this high-quality portfolio of mostly corporate and asset-backed debt can provide some protection from rising interest rates.
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.