Vanguard Intermediate-Term Treasury Fund Investor Shares
VFITX
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USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Oct 28, 1991
- CIK
- 0000106444
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Intermediate-Term Treasury Fund (VFITX) is an open-end mutual fund that seeks to provide current income consistent with the intermediate-term maturities of U.S. Treasury securities by investing at least 80% of its assets in U.S. Treasury bills, notes and bonds; the fund maintains a dollar-weighted average maturity of 5 to 10 years. It primarily holds high-quality government securities, including United States Treasury Notes as top holdings (typically comprising the largest portfolio weights), with additional allocations to agency mortgage-backed securities, government-related bonds and minimal cash equivalents. The fund operates in the intermediate government bond category, exhibiting high credit quality and moderate interest-rate sensitivity, with an effective duration of approximately 5.27 years, a TTM yield of 3.88% and a net expense ratio of 0.20%; it is available to U.S. investors with a minimum initial investment of $3,000. Launched on October 28, 1991, and domiciled in the United States, the fund is managed by Vanguard Group, headquartered in Malvern, Pennsylvania. Current portfolio managers include John Madziyire and Brian Quigley (both since November 8, 2021) and Nathan Persons (since January 14, 2025). Total net assets stand at approximately $7.2 billion, with the Investor Shares class representing a significant portion. In recent developments, Vanguard has maintained its focus on low-cost fixed-income strategies amid broader firm initiatives, including its largest fee cuts in early 2025 (costing an estimated $350 million), expansion into low-cost bond ETFs and establishment of a dedicated advice and wealth management division. While no fund-specific acquisitions, launches or reorganizations have been announced for VFITX in the last 1-2 years, the parent firm continues aggressive asset growth and service enhancements, with inflows rivaling BlackRock; portfolio composition shows consistent emphasis on Treasury securities with slight underweights in AA-rated bonds and 10-15 year maturities relative to peers. The fund remains actively positioned for income generation in a moderate duration profile, tracking closely to the Bloomberg U.S. Treasury 5-10 Year Index.