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No Guts, Some Glory

Thinking short term and safety first? Here's a fund that's got both.

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This story appears in the October 2003 issue of Entrepreneur. Subscribe »

If you love safety and can't stomach risk, Treasury securities are hard to top. Because Treasury securities are backed by the full faith and credit of the U.S. government, they receive the highest rating-triple A-and are considered the safest fixed-income investments around.

In the short-term Treasury arena, The Vanguard Group's Short-Term Treasury Fund (VFISX) has been a top performer over the past few years. This is in part because interest rates have dropped, which makes bond prices increase, and is also due to Vanguard's minimal management expenses: The expense ratio on this fund is an amazingly low 0.29 percent, according to Morningstar.

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