VTIP

Vanguard Short‑Term Inflation‑Protected Securities ETF (VTIP) invests almost exclusively in U.S. Treasury Inflation‑Protected Securities (TIPS) that have less than five years remaining to maturity, giving it a focus on short‑duration, investment‑grade government debt and virtually no exposure to non‑U.S. issuers. The fund follows a market‑capitalization‑weighted replication of the Bloomberg U.S. 0‑5 Year Treasury Inflation‑Protected Securities Index, seeking to provide inflation‑adjusted income while limiting interest‑rate risk relative to longer‑term TIPS. VTIP is well‑suited for investors who want a low‑volatility, inflation‑hedging component within a diversified portfolio, particularly those with short‑to‑intermediate time horizons or who need a defensive bond position to offset equity exposure.