VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND
U.S. bond index ETF · tracks Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index
As of its 2026 Q2 report, VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND held 26 positions with $71.01B in net assets. Its ten largest holdings made up 49.8% of the fund. The VTIP share class costs 0.03% a year. Over the 12 months to May 2026, VTIP returned 4.5%, with dividends reinvested. In 2026 Q2 it added 1 new positions and exited 1.
Vanguard Short-Term Inflation-Protected Securities Index Fund (the Fund) seeks to track the performance of a benchmark index that measures the investment return of inflation-protected public obligations of the U.S. Treasury with remaining maturities of less than 5 years.
The fund tracks the Bloomberg U.S. Treasury Inflation-Protected Securities 0-5 Years Index by holding all or substantially all of its constituent securities in the same proportions as the index, maintaining a dollar-weighted average maturity aligned with the index.
What you own
| Company | Weight | Value | Shares |
|---|---|---|---|
United States Treasury Inflation Indexed Bonds 1.13% · due 2030-10-15 | 5.39% | $3.83B | — |
United States Treasury Inflation Indexed Bonds 1.63% · due 2029-10-15 | 5.33% | $3.78B | — |
United States Treasury Inflation Indexed Bonds 1.63% · due 2030-04-15 | 5.30% | $3.76B | — |
United States Treasury Inflation Indexed Bonds 2.13% · due 2029-04-15 | 5.14% | $3.65B | — |
United States Treasury Inflation Indexed Bonds 2.38% · due 2028-10-15 | 4.97% | $3.53B | — |
United States Treasury Inflation Indexed Bonds 0.13% · due 2026-10-15 | 4.83% | $3.43B | — |
United States Treasury Inflation Indexed Bonds 1.63% · due 2027-10-15 | 4.83% | $3.43B | — |
United States Treasury Inflation Indexed Bonds 0.13% · due 2027-04-15 | 4.74% | $3.37B | — |
United States Treasury Inflation Indexed Bonds 1.25% · due 2028-04-15 | 4.70% | $3.34B | — |
United States Treasury Inflation Indexed Bonds 0.13% · due 2031-01-15 | 4.59% | $3.26B | — |
All 26 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Bonds | 99.00% |
| Cash & short-term | 0.59% |
How it has done
VTIP share class · total returns with dividends reinvested
Volatility over the last 12 months: 1.38%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 4 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 0.06% | +4.48% | +16.39% | +17.93% | -0.41% | |
| 0.03% | +4.51% | +16.48% | +18.08% | -0.43% | |
| 0.02% | +4.51% | +16.47% | +18.07% | -0.41% | |
| 0.14% | +4.39% | +16.12% | +17.50% | -0.45% |
These classes hold the same portfolio, so the 0.58pp spread over 5 years is the cost difference between them — roughly 0.12pp a year — not a difference in what they own.
Fees & fund details
VANGUARD SHORT-TERM INFLATION-PROTECTED SECURITIES INDEX FUND is a U.S. bond index ETF that tracks the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Years Index.
- Asset class
- Bonds
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Rate sensitivity
- Short duration
- Expense ratio, by class
- 0.02% – 0.14%· VTIP 0.03%
- Portfolio turnover
- 25.00% a year · as of 2026 Q1
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
1 new
1 exited
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 100.0% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 19.9% |
| 1-3y | 43.0% |
| 3-5y | 37.1% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
This fund filed the credit-spread disclosure and reported no sensitivity — measured, and the answer is none.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Interest rates | 100% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.05 yr | 2% |
| 1 yr | 0.97 yr | 43% |
| 5 yr | 1.26 yr | 55% |
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.05 | +0.00 | +0.00 | $0 | $0 |
| 1 yr | +0.97 | +0.00 | +0.00 | $0 | $0 |
| 5 yr | +1.26 | +0.00 | +0.00 | $0 | $0 |
| 10 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Understand how this fund fits with the rest.
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