Vanguard Short-Term Treasury ETF
VGSH
NASDAQ Global Market- -
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 - Bonds
- Address
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Nov 23, 2009
- CIK
- 0001021882
- Website
- vanguard.com
- Similar Companies
- Business
- Vanguard Short-Term Treasury ETF (VGSH) is an exchange-traded fund that seeks to track the performance of a market-weighted index of U.S. Treasury securities with maturities between 1 and 3 years, excluding inflation-protected securities, floating rate notes, and certain special issues such as STRIPS and state and local government series bonds. The fund employs a sampling strategy, investing at least 80% of its assets in bonds included in the Bloomberg U.S. Treasury 1-3 Year Index (formerly Bloomberg Barclays U.S. Treasury 1-3 Year Bond Index), which includes bullet, putable, sinkable/amortizing, and callable Treasury bonds with a dollar-weighted average maturity of approximately 2 years. Launched on November 19, 2009, and issued by The Vanguard Group, Inc., headquartered in Malvern, Pennsylvania, VGSH provides investors with exposure to high-quality, investment-grade short-term fixed income for current income and modest price fluctuation, primarily targeting U.S. institutional and retail investors through exchange trading on Nasdaq. The ETF's portfolio consists predominantly of U.S. Treasury notes and bonds across various maturities within the 1-3 year range, with top holdings typically including recently issued Treasuries from the U.S. Department of the Treasury; it maintains a low expense ratio of 0.03% and focuses on liquidity, capital preservation, and low interest rate risk due to its short duration. VGSH operates within the short-term government bond segment of the fixed income market, serving as a core holding for conservative portfolios, cash equivalents, or duration management strategies amid varying interest rate environments. Geographically, the fund's investments are limited to U.S. Treasury obligations, with no international exposure, and it is available to investors worldwide through Vanguard's global platform, though primary operations remain U.S.-centric. Recent developments include significant net inflows of $1.066 billion in October 2025, reflecting strong investor demand for short-term Treasuries amid potential Federal Reserve tightening and yield optimization needs, alongside positive fund flows of $2.47 billion over the past year. Vanguard has accelerated its ETF product launches, introducing ultra-short Treasury ETFs in February 2025 and three active equity ETFs (VUSV, VUSG, VDIG) in November 2025, as well as adding funds like the Vanguard 500 Index Fund to its Investor Choice program in 2026, signaling broader fixed income and equity lineup expansions that complement VGSH's role in the short-duration Treasury category. No major acquisitions, partnerships, or index changes specific to VGSH were reported in 2024-2025; however, the fund continues to benefit from Vanguard's updated 2025 proxy voting guidelines, which enhance flexibility in governance and sustainability assessments without direct impact on its passive Treasury strategy.