Vanguard Total Treasury ETF
VTG
New York Stock Exchange Arca- -
USD
- -
- -
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.Quarterly Dividends 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
- Jul 10, 2025
- CIK
- 0000836906
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Total Treasury ETF (VTG), a series of Vanguard Malvern Funds, is an exchange-traded fund that seeks to track the performance of the Bloomberg U.S. Treasury Total Return Unhedged USD Index, providing broad exposure to the U.S. Treasury bond market across short-, intermediate-, and long-term maturities; the ETF employs a sampling strategy, investing at least 80% of its net assets in securities comprising the index or substantially identical economic equivalents, with an average effective maturity of approximately 7.7 years and average duration of 5.8 years as of September 30, 2025. The fund offers monthly dividend distributions, high credit quality focused exclusively on U.S. government Treasury securities (99.9% allocation), and an ultra-low expense ratio of 0.03%, positioning it as a low-cost solution for investors seeking diversified fixed-income exposure to the largest and most liquid segment of the U.S. bond market. Launched on July 7, 2025, and listed on NYSE Arca under ticker VTG (CUSIP 922020680), the ETF is managed by Joshua C. Barrickman, Principal of The Vanguard Group, Inc. and co-head of Vanguard Fixed Income Indexing Americas; Vanguard Malvern Funds, organized as a Delaware statutory trust in 1998 (originally as a Maryland corporation in 1988), is based in Malvern, Pennsylvania, with Vanguard serving as investment advisor, and operates primarily in the United States targeting individual and institutional investors in fixed income. In July 2025, Vanguard launched VTG alongside two complementary ETFs—Vanguard Government Securities Active ETF (VGVT), an actively managed fund offering flexible exposure to U.S. government and agency bonds with select securitized credit, and Vanguard Total Inflation-Protected Securities ETF (VTP)—as part of a strategic expansion of its government bond offerings managed by the Vanguard Fixed Income Group, enhancing portfolio diversification options amid evolving market conditions for interest rate and inflation risks. As of September 30, 2025, the ETF holds 278 bonds with total net assets of $21 million, reflecting early growth following inception; no subsequent acquisitions, partnerships, funding rounds, or reorganizations specific to VTG have been reported within the past year. The fund maintains a portfolio turnover profile consistent with index tracking, with no short-term reserves and distributions characterized by income fluctuations tied to interest rates and inflation dynamics.