Vanguard Total Treasury ETF (VTG)

The Vanguard Total Treasury ETF is a passively managed bond fund from Vanguard that seeks to track a broad index of U.S. Treasury securities spanning short, intermediate and long maturities.

The fund holds fixed-rate debt issued by the U.S. Department of the Treasury, which is backed by the full faith and credit of the U.S. government, and uses index sampling to match the characteristics of its benchmark. By covering the full maturity spectrum, it provides a single-fund way to hold the Treasury market as a whole rather than one segment of the yield curve.

Vanguard, headquartered in Malvern, Pennsylvania, is the sponsor and adviser. The fund's value is driven chiefly by changes in interest rates, since the credit risk of its holdings is minimal.