Vanguard Government Securities Active ETF (VGVT)

Vanguard Government Securities Active ETF (VGVT) is an actively managed exchange-traded fund that invests primarily in U.S. government-related bonds, including U.S. Treasury securities, government agency debt and agency mortgage-backed securities.

Vanguard's fixed income managers make active decisions about duration, yield curve positioning and the mix between Treasury and agency securities, seeking to add value relative to a government bond benchmark while keeping credit risk low. The fund is designed as a high-quality core holding with the backing of the U.S. government or its agencies. Its emphasis on government-backed securities keeps credit risk low compared with corporate bond funds.

The fund is managed by The Vanguard Group, headquartered in Malvern, Pennsylvania.