Vanguard Intermediate-Term Treasury ETF
VGIT
NASDAQ Global Market- -
USD
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Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Nov 23, 2009
- CIK
- 0001021882
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Intermediate-Term Treasury ETF (VGIT) is an exchange-traded fund that employs an indexing investment approach designed to track the performance of the Bloomberg U.S. Treasury 3-10 Year Index. The fund invests at least 80% of its assets in fixed income securities issued by the U.S. Treasury with maturities between 3 and 10 years, excluding inflation-protected bonds, floating rate securities, and certain other security types; it uses a sampling technique to hold a representative portfolio of approximately 103-105 Treasury notes and bonds that approximates the index's key risk factors, including a dollar-weighted average maturity of about 5.6 years and effective duration of 4.9 years. This provides investors with exposure to intermediate-term U.S. government debt characterized by virtually zero credit risk, high liquidity, and monthly dividend distributions, targeting income-oriented investors seeking moderate interest rate sensitivity within the intermediate government bond segment. Launched on November 19, 2009, and domiciled in the United States with shares listed on Nasdaq, VGIT is managed by Vanguard's Fixed Income Group in Malvern, Pennsylvania, under the leadership of portfolio manager Joshua C. Barrickman since 2013, with total net assets exceeding $42 billion as of late 2025. The ETF maintains an ultralow expense ratio of 0.03%-0.04%, positioning it as a cost-efficient option relative to peers like iShares IEI, and features a portfolio with 99.59% in U.S. bonds (primarily government sector), low turnover of around 35%, and top holdings including U.S. Treasury Notes with coupons from 1.69% to 2.03%. Geographically focused on U.S. Treasury securities available to investors in the United States and Mexico, it delivers current income backed by the full faith and credit of the U.S. government, with recent yields around 3.73% amid Federal Reserve rate cuts. In early 2025, Vanguard implemented its largest round of fee cuts across funds, estimated at USD 350 million, further enhancing VGIT's cost advantage; the firm also established a dedicated advice and wealth management division and accelerated ETF launches, including new Treasury products like ultra-short and total market ETFs, expanding its suite to over $83 billion in Treasury ETF assets. Amid ongoing asset growth rivaling BlackRock's inflows and a client base more than doubled since 2015, VGIT benefited from favorable market dynamics in 2025, including Fed easing that boosted its price to around $60 and supported a 7.19% one-year total return through late 2025. These developments underscore Vanguard's strategic focus on low-cost, client-centric fixed income indexing under new CEO Salim Ramji.