Vanguard Total Inflation-Protected Securities ETF (VTP) is an exchange-traded fund that seeks to track the performance of the ICE U.S. Treasury Inflation Linked Bond Index, providing investors with exposure to the full spectrum of U.S. Treasury Inflation-Protected Securities (TIPS) across all maturities. The ETF invests at least 80% of its net assets in bonds backed by the full faith and credit of the U.S. federal government, whose principal adjusts periodically based on changes in the Consumer Price Index for All Urban Consumers; it holds a diversified portfolio primarily consisting of U.S. Treasury Notes and Inflation-Protected Securities in the government bond sector, with top holdings representing key maturity tranches and an expense ratio of 0.05%.
Launched on July 9, 2025, by The Vanguard Group, Inc., headquartered in Malvern, Pennsylvania, VTP complements Vanguard's existing short-term inflation-protected offering, Vanguard Short-Term Inflation-Protected Securities ETF (VTIP), by delivering broader market coverage and a longer duration profile to better hedge long-term inflation risk for investors.
In a significant expansion of its fixed income ETF lineup, Vanguard introduced VTP alongside two new government bond ETFs—Vanguard Total Treasury ETF (VTG) and Vanguard Government Securities Active ETF (VGVT)—bringing the total number of fixed income bond ETFs managed by Vanguard Fixed Income Group to 36, of which 28 are index-based; this launch reflects Vanguard's strategic focus on enhancing all-curve Treasury and inflation-protected investment solutions amid ongoing market demand for inflation hedging tools. The ETF targets long-term investors seeking inflation protection and income, operating primarily in the U.S. market with assets under management reaching approximately $9.42 million shortly after inception.