Is VCSH a buy? - Seeking Alpha

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HEADLINES:

The Freakish Low-Beta Portfolio
Cranky • Thu, May 16 • 31 Comments
Avoid The 'Hunt For Yield,' But Remember Treasury ETFs Are Priceless
Gregory Skidmore • Fri, May 10 • 24 Comments
The 10-Year Yield May Be Flashing A Warning Sign
David Fabian • Sun, May 5 • 5 Comments
Why You Should Rethink Your Defensive Game Plan
David Fabian • Thu, May 2 • 4 Comments
Who's Going To Be The Last Bear Standing?
David Fabian • Thu, Apr 25 • 9 Comments
Time To Buy Or Play Defense?
David Fabian • Thu, Apr 18 • 5 Comments
Miners Stagger As Terrors Loom Over Economy, Markets
Emmet Kodesh • Tue, Apr 16 • 9 Comments
Yes, There Is Still Hope In Bond Investments
MyPlanIQ • Wed, Apr 3 • 6 Comments
2012 Permanent Portfolios Performance Review And Outlook
MyPlanIQ • Thu, Jan 10 • 2 Comments
Record ETF Inflows In 2012 See U.S. And Emerging Market Equities As Biggest Winners
Deborah Fuhr • Thu, Jan 3 • 1 Comment
Casey Smith Positions For 2013: Passively Allocating To Long-Term Healthy Asset Classes
Casey Smith • Mon, Dec 31, 2012 • 7 Comments
Does It Make Sense To Include Bonds And Income ETFs In Your Portfolio?
Lowell Herr • Thu, Dec 27, 2012 • 8 Comments
'Stash The Cash' Alternatives: Short-Term Bond ETFs And Mutual Funds
Variation • Tue, Nov 27, 2012 • 4 Comments
If You've Won The Game, Stop Playing
John Gerard Lewis • Wed, Nov 14, 2012 • 18 Comments
Rising Uncertainty Sees Investors Withdraw $10B From ETFs With U.S. Equity Exposure In October
Deborah Fuhr • Sun, Nov 11, 2012 • 2 Comments
The Best Short-Term Non-Junk Bond Investments Are CDs, Not Bond Funds Or Bonds
Kurt Shrout • Thu, Oct 18, 2012 • 11 Comments
3 ETF Categories That Are Not Afraid Of The Big Bad Cliff
Gary Gordon • Thu, Oct 18, 2012 • 1 Comment
FlexShares Introduces Enhanced Money Market ETF
Ron Rowland • Wed, Oct 17, 2012
Understanding The Life Cycle Of A Rally In Corporates Can Lead To Further Gains
Bondsquawk • Fri, Sep 28, 2012
Maybe It Really Is Different This Time
John Gerard Lewis • Fri, Aug 3, 2012 • 8 Comments

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Commission-Free ETFs Enable Portfolio Building Using Asset Allocation Strategies
MyPlanIQ • Sun, May 16, 2010 • 12 Comments
State Street to Launch 1-3 Year Corporate Bond ETF Thursday
Don Dion • Wed, Dec 16, 2009 • 1 Comment

The Freakish Low-Beta Portfolio
Cranky • Thu, May 16 • 31 Comments
Avoid The 'Hunt For Yield,' But Remember Treasury ETFs Are Priceless
Gregory Skidmore • Fri, May 10 • 24 Comments
The 10-Year Yield May Be Flashing A Warning Sign
David Fabian • Sun, May 5 • 5 Comments
Why You Should Rethink Your Defensive Game Plan
David Fabian • Thu, May 2 • 4 Comments
Who's Going To Be The Last Bear Standing?
David Fabian • Thu, Apr 25 • 9 Comments
Time To Buy Or Play Defense?
David Fabian • Thu, Apr 18 • 5 Comments
Miners Stagger As Terrors Loom Over Economy, Markets
Emmet Kodesh • Tue, Apr 16 • 9 Comments
Yes, There Is Still Hope In Bond Investments
MyPlanIQ • Wed, Apr 3 • 6 Comments
2012 Permanent Portfolios Performance Review And Outlook
MyPlanIQ • Thu, Jan 10 • 2 Comments
Record ETF Inflows In 2012 See U.S. And Emerging Market Equities As Biggest Winners
Deborah Fuhr • Thu, Jan 3 • 1 Comment
Casey Smith Positions For 2013: Passively Allocating To Long-Term Healthy Asset Classes
Casey Smith • Mon, Dec 31, 2012 • 7 Comments
Does It Make Sense To Include Bonds And Income ETFs In Your Portfolio?
Lowell Herr • Thu, Dec 27, 2012 • 8 Comments
'Stash The Cash' Alternatives: Short-Term Bond ETFs And Mutual Funds
Variation • Tue, Nov 27, 2012 • 4 Comments
If You've Won The Game, Stop Playing
John Gerard Lewis • Wed, Nov 14, 2012 • 18 Comments
Rising Uncertainty Sees Investors Withdraw $10B From ETFs With U.S. Equity Exposure In October
Deborah Fuhr • Sun, Nov 11, 2012 • 2 Comments
The Best Short-Term Non-Junk Bond Investments Are CDs, Not Bond Funds Or Bonds
Kurt Shrout • Thu, Oct 18, 2012 • 11 Comments
3 ETF Categories That Are Not Afraid Of The Big Bad Cliff
Gary Gordon • Thu, Oct 18, 2012 • 1 Comment
FlexShares Introduces Enhanced Money Market ETF
Ron Rowland • Wed, Oct 17, 2012
Understanding The Life Cycle Of A Rally In Corporates Can Lead To Further Gains
Bondsquawk • Fri, Sep 28, 2012
Maybe It Really Is Different This Time
John Gerard Lewis • Fri, Aug 3, 2012 • 8 Comments

There are no Transcripts on VCSH.

Market Extra: Yield to global, short-term bond funds in 2013

at MarketWatch.com (Jan 2, 2013)

VCSH vs. ETF Alternatives

VCSH Description

Vanguard Short Term Corporate Bond ETF seeks to track the performance of a market-weighted corporate bond index with a short-term dollar-weighted average maturity.
See more details on sponsor's website

Country: United States

Key Info

In Your Portfolio: Broad U.S. Bond ETFs, A Guide to U.S. Corporate Bond ETFs
Asset Class Performance: Bonds

All
| Earnings
| Dividends
| M&A
| On the move

Monday, May 20, 1:10 PM With borrowers racing to market before demand dries up or interest rates rise, corporate bond (LQD) sales this month are on pace for their busiest May ever, according to Bloomberg. The previous record of $162.6B was hit in 2008. Warnings from Buffett and Gross about the likelihood of higher rates are ignored as "investors have cash to spend yet fewer alternatives to buy," writes a Morgan Stanley team. Comment!
Friday, May 10, 5:57 AM Don't panic, Moody's says, there's "no strong evidence that recent [corporate debt] issuance levels presage a damaging correction." The notion that a bubble is building in the corporate bond market isn't reflected in credit spreads which, for both investment grade (LQD) and high yield (HYG, JNK), are closer to long-run averages than they are to alarmingly tight. Furthermore, the ratings agency says a surge in issuance reflects the "disintermediation of the banking sector" and notes that the proportion of total corporate liabilities comprised of debt securities hasn't significantly increased over the past two years." We can all rest easy now. (previous) 2 Comments
Wednesday, May 8, 11:20 AM Coupons continue to shrink on fixed-rate U.S. corporate bonds reports Fitch, with the average falling to 5.6% in March, down from 5.7% at year end, and 6.1% a year ago. Investment-grade paper (LQD) came in at 3%, speculative (HYG, JNK) at 6.3%. New issuance in Q1 was $259.5B, putting 2013 on pace with 2012's record activity. Rating activity remains subdued, with downgrades affecting just 1% of issuance, upgrades 1.8%. Comment!
Monday, April 29, 7:46 AM Vanguard Short-Term Corporate Bond ETF (VCSH) announces quarterly distribution of $0.115. 30-Day Sec yield of 1.16% (as of 04/26/2013). Z For shareholders of record 02 May. Payable 06 May. Ex-Div. date 30 Apr. (PR) Comment! [Dividends]
Friday, April 12, 12:28 PM Fixed-income may not be being given away as it was in 2010, but there's still value, says Jeff Gundlach, scoffing at talk of a bond bubble. "Raise your hand" if you own Treasurys for yourself or a client, he asked a room full of advisors (none went up). Bonds are not "over-owned" in the U.S., he says, showing cash and fixed income make up a higher percentage of household financial assets in other countries. 5 Comments [U.S. Economy]
Wednesday, February 27, 11:10 AM Leading off his latest outlook with Alan Greenspan's "irrational exuberance" line, Bill Gross (BOND) ponders its application to credit markets (LQD, HYG, JNK) today. Conclusion: Not yet. Labeling credit irrationality a 6 on a scale of 1-10, Gross suggests not selling, but instead lowering expectations.
1 Comment [U.S. Economy]
Wednesday, February 13, 9:15 AM Corporate debt has duration risk as well, and worries over higher rates have BlackRock planning two actively-managed ETFs focused on short-term paper. Average duration of IG debt stands at a near-record 6.8 years, according to BAML. The long-end has been the place to be, but shorter-duration is "gaining traction." LQD -1.4% YTD. Comment! [U.S. Economy]
Tuesday, February 5, 2:49 PM Money for nothing. IBM plans a sale of $2B in floating-rate debt, with the 2-year paper maybe priced at Libor minus 2 basis points. The 5-year notes look to yield 47 bps more than 5-year Treasurys. Coca-Cola and P&G both issued debt paying less than the benchmark rate last year. 1 Comment [U.S. Economy]
Thursday, January 31, 4:37 PM Are funds flowing out of junk bonds? The noticeable turn lower in HYG and JNK in the past couple of sessions has been accompanied by surging volume, notes John Spence. Both of the ETFs have returned to about flat YTD. The IG corporate bond ETF (LQD) is now red. Dan Fuss describes today's high yield values as "ridiculous." Comment! [U.S. Economy]
Friday, January 18, 2:35 PM Investment-grade bonds continue to get a underweight allocation at Barclays, which says the spread to Treasurys isn't enough to compensate for the lack of liquidity, particularly so in higher-quality credits. The bank remains overweight high-yield - which also suffers from lower liquidity, but with a more adequate spread to make up for it. Chart of TLT vs. LQD vs. HYG YTD. Comment! [U.S. Economy, Financials]
Tuesday, January 8, 5:09 PM Gundlach: By at least one measure - comparing the Merrill Corporate Index to the Treasury Index - corporate paper is as overvalued as it's ever been in the history of the data (going back to 1985). Another relatively overvalued fixed-income class is emerging market debt (EMB). "I would not be putting any new money into that." 2 Comments [U.S. Economy]
Tuesday, January 8, 9:59 AM Just before New Year's, Vanguard cut fees on more than a third of its U.S.-listed ETF lineup while raising fees on just 2 ETFs. Its sector ETFs saw the biggest price cuts (from 0.19% to 0.14%) while its 2 small cap funds (VIOO, VIOV) actually saw slight fee hikes. Comment!
Friday, January 4, 12:51 PM Investors want yield and treasurers/underwriters are happy to give it to them. A full 41% of investment grade corporate bond issuance was BBB (the lowest IG rating) in 2012, the highest proportion going back to at least 1998. Just 19% of issuance rated AA or AAA - only 1998's 17% was lower in the last 15 years. 4 Comments [Financials]
Wednesday, December 26, 2012, 9:57 AM The ETF price wars continue: Vanguard slashed fees on 11 ETFs (full list), effective last Friday. The cuts ranged from 3% for the Russell 2000 Value ETF (VTMV) to 20% for the MBS ETF (VMBS). Vanguard is quick to point out the cuts aren't its attempt to engage in the "price war," but simply reflect the lowered costs of running the funds. Comment!
Friday, December 7, 2012, 12:57 PM More from Hudachek's Overlooked ETFs: Investment-grade and high-yield debt investors may have interest in Guggenheim's Suite of products offering a range of maturities - from very short-term all the way out to 2020. The shortest term IG fund is BSCC, junk is BSJC. To go longer maturity, just swap the last "C'' in the fund symbol for "D," and so on, all the way out to "K." Comment! [Quick Ideas]
Friday, December 7, 2012, 7:39 AM Duration risk in the investment grade bond market (LQD) is leading fund managers to reduce exposure. The average yield on IG bonds has fallen to 2.66% and bond math says it takes very little backup in yields from this point to wipe out a year (or years) of coupon payments. Corporate bonds often yield less than the equity of the same company - a rare situation, says Matt Eagan. "We think you have a better chance of preserving principal on the equity side." This from a bond man! 4 Comments [U.S. Economy, Financials]

svosavvy
picking up some $VCSH here
Apr 30, 10:28 AM
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Hillbilly Stock Star
$VDC, $VYM, $VWO, $VCSH, .......running with the Tanner boys, Long.
Jan 3, 11:49 AM
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Hillbilly Stock Star
VCSH, VYM,........Tanner boys at work, Long.
10/11/12
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Hillbilly Stock Star
VCSH........check volume, lots of hidin! Long......http://yhoo.it/QygFrx
8/29/12
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Hillbilly Stock Star
VCLT, VCSH,..........Tanner boys working in bond market! Long.
8/23/12
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Joelitch: VWITX for me, avoids uncle sam :-)
8/23/12
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Hillbilly Stock Star
VCSH.......Long......http://onforb.es/P3Bafx
8/23/12
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Hillbilly Stock Star
VCSH, VCLT,........volume alert, Long.
8/21/12
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Hillbilly Stock Star
VCSH........Are wealthy Europeans migrating cash to USA short term bonds? Long.
8/4/12
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Hillbilly Stock Star: SHM........muni flows steady, Long.......http://bit.ly/MFdtFp/
8/4/12
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Hillbilly Stock Star
VCSH........offshore muppets buying? Long.
8/1/12
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Hillbilly Stock Star
VCSH........look how many people hidin! LoL! Long.
7/31/12
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LATEST REPLIES

Hillbilly Stock Star
VCLT, VCSH,..........Tanner boys working in bond market! Long.
8/23/12
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Joelitch: VWITX for me, avoids uncle sam :-)
8/23/12
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Hillbilly Stock Star
VCSH........Are wealthy Europeans migrating cash to USA short term bonds? Long.
8/4/12
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Hillbilly Stock Star: SHM........muni flows steady, Long.......http://bit.ly/MFdtFp/
8/4/12
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Hillbilly Stock Star
VCSH........notable inflows, Forbes, Long.
7/31/12
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Hillbilly Stock Star: CSX......chugs, Long.
7/31/12
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Hillbilly Stock Star
VCSH.......money made on last run-up is piling in, Long........http://yhoo.it/OemyIk
7/30/12
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Hillbilly Stock Star: Check out volume! Tanner boys!
7/30/12
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Hillbilly Stock Star
WYNN......getting beat up, VCSH spiking, Long.
7/5/12
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Hillbilly Stock Star: WYNMF.......hang tough China may slow short term yet long term bullish imo.
7/5/12
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Hillbilly Stock Star: Stevie's billionaire buddies fight like tigers!
7/5/12
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Hillbilly Stock Star
Staying Long usual suspects, deep foxhole VCSH, SHN, BSV, Long
6/4/12
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Hillbilly Stock Star: SHM I mean.
6/4/12
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Hillbilly Stock Star
BSV, VCSH, SHM,..........getting deep in foxhole, Long. Helmet on!
6/1/12
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Hillbilly Stock Star: MDU & STR,.......hidin with widows and orphans, Long.
6/1/12
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Hillbilly Stock Star
VCSH, VNQ, VUG,..........mosting hiding for now, Long.
5/6/12
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Hillbilly Stock Star: MTDR,KOG,..........Wildcat Longs.
5/6/12
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Hillbilly Stock Star: EWJ......the big short, looks like Hugh Hendry going to make a ton of cash, no position, watching.
5/6/12
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Hillbilly Stock Star
VCSH.........2X volume, everybody hidin, Long.
4/16/12
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Hillbilly Stock Star: VNQ.........trucks, Long.
4/16/12
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Hillbilly Stock Star: VYM........gets a little Tanner momo! Long.
4/16/12
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Hillbilly Stock Star
VCSH, T "The Joe Biden" Trade, LoL! Long......http://onforb.es/GVtR6A
3/27/12
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Hillbilly Stock Star: Doin a little hidin like JoJo Biden!
3/27/12
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Hillbilly Stock Star
WYNN, T, VCSH, EVN.........mostly hiding, Long.
3/22/12
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Hillbilly Stock Star: AAPL........my Apple "guy" (local) says iPad2 sales picking up! LoL!
3/22/12
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Hillbilly Stock Star: 35% cash.
3/22/12
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Hillbilly Stock Star
VCSH.......hiden like Joe Biden, Long.....http://onforb.es/yhlSq1
2/27/12
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John Rayhall: Lol ya where is he hiding though? Some VP huh?
2/27/12
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Hillbilly Stock Star
VCSH.......Banker Beat Down, Hiden like Joe Biden, Long.
2/22/12
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Hillbilly Stock Star: Check out Volume! LoL!
2/22/12
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Hillbilly Stock Star
EVN, VCSH, T.......if I can make make over 10% for 2012 I"ll be Vegas bound for 2013! LOL! Long.
1/31/12
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Hillbilly Stock Star: T......may get modest tailwind! Long.
2/1/12
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Hillbilly Stock Star
VCSH........got long 400 shares, parking cash, tired of zero! Long.
1/5/12
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Hillbilly Stock Star: MDY.......modestly bullish for 2012 imo.
1/5/12
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VCSH Vanguard Short-Term Corporate Bond Index ETF

VCSH

Vanguard Short-Term Corporate Bond Index ETF