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VSIGX Vanguard Intermediate-Term Treasury Index Fund Admiral Shares

Also available as an ETF (starting at the price of $1).

Management style

Index

Asset class

Intermediate-Term Bond

Category

Intermediate Government

Risk / reward scale

Start of Risk Scale. On a scale of 1 to 5, 1 is less risk less reward, 5 is more risk more reward
The fund risk level is a 2

Less

More

End of Risk Scale.

Expense ratio

0.06%

as of 02/03/2025

as of 03/27/2025

Investment minimum

$3,000

as of 03/28/2025

NAV price

$20.03

as of 03/28/2025

Overview

Key facts

CUSIP

92206C888

Management style

Index

Asset class

Intermediate-Term Bond

Category

Intermediate Government

Inception date

08/04/2010

Fund Number

1943

Ratings

Risk / reward scale

Start of Risk Scale. On a scale of 1 to 5, 1 is less risk less reward, 5 is more risk more reward
The fund risk level is a 2

Less

More

End of Risk Scale.
Price

Minimum Investment

$3,000

NAV Price

$20.03

as of 03/28/2025

NAV change

increased$0.11 (0.55%)

as of 03/28/2025

Expense Ratio

0.06%

as of 02/03/2025

Performance

YTD returns

2.93%

as of 03/28/2025

Product summary

This fund employs an indexing investment approach designed to track the performance of the Bloomberg US Treasury 3-10 Year Bond Index. This Index includes fixed income securities issued by the U.S. Treasury (not including inflation-protected securities), all with maturities between 3 and 10 years. Risks of the fund include the fact that changes in interest rates, both up and down, can affect the fund by resulting in lower bond prices or an eventual decrease in income for the fund. The fund has a reduced risk of default, since the bonds in the portfolio are backed by the full faith and credit of the U.S. government. Investors who are looking for a fund that seeks to provide interest income and are able to tolerate moderate price and income fluctuations may wish to consider this fund.

Fund management

Vanguard Fixed Income Group

Performance & fees

Total returns
Month-end/Quarterly Pre-Tax Toggle

as of 02/28/2025

Recent returns

Average annual

Month-end3-Month totalYTD1-yr3-yr5-yr10-yr

Since inception

08/04/2010

VSIGX

1.98%1.40%2.57%5.34%-0.36%-0.54%1.22%1.80%

Benchmark

1.94%1.38%2.57%5.34%-0.32%-0.49%1.29%1.88%

as of 12/31/2024

Year1st Qtr2nd Qtr3rd Qtr4th QtrYear-end

Benchmark

2025
2024-0.82%0.40%4.72%-2.87%1.29% 1.26%
20233.00%-1.56%-1.91%4.95%4.39% 4.27%
2022-5.29%-2.54%-4.18%0.98%-10.69% -10.50%
2021-2.93%1.07%-0.04%-0.68%-2.60% -2.49%
20207.11%0.72%0.21%-0.44%7.65% 7.67%
20192.04%2.94%1.62%-0.45%6.26% 6.43%
2018-1.22%-0.03%-0.30%2.89%1.30% 1.35%
20170.79%0.92%0.38%-0.47%1.63% 1.59%
20163.32%1.69%-0.33%-3.46%1.10% 1.27%
20151.91%-1.05%1.99%-1.16%1.65% 1.74%

as of 12/31/2024

Year

Capital return by NAV

Income return by NAV

Total return by NAV

Benchmark

2024-2.30% 3.58%1.29%1.26%
20231.57% 2.81%4.39%4.27%
2022-12.15% 1.46%-10.69%-10.50%
2021-3.65% 1.05%-2.60%-2.49%
20206.04% 1.60%7.65%7.67%
20193.92% 2.34%6.26%6.43%
2018-0.79% 2.09%1.30%1.35%
2017-0.05% 1.67%1.63%1.59%
2016-0.43% 1.52%1.10%1.27%
20150.00% 1.66%1.65%1.74%
20142.60% 1.62%4.22%4.29%
2013-4.00% 1.26%-2.74%-2.64%
20121.09% 1.55%2.63%2.77%
20117.48% 2.18%9.66%9.89%
2010-1.33% 0.87%-0.46%

as of 02/28/2025

1-yr3-yr5-yr10-yr

Since inception

08/04/2010

VSIGX5.34% -1.08%-2.68% 12.87% 29.63%

Benchmark

5.34%-0.95%-2.44%13.64%

Expense ratio

VSIGX

0.06%

Average expense ratio of similar funds2

0.70%

Historical volatility measures
as of 02/28/2025
BenchmarkR-Squared3Beta3
Spliced Bloomberg U.S. Treasury 3-10 Year Index in USD11.001.00
Bloomberg U.S. Aggregate Bond Index0.950.82
Fund-specific fees

Purchase fee

None

Fund family redemption fee

None

The performance data shown represent past performance, which is not a guarantee of future results. Investment returns and principal value will fluctuate so that investors' shares, when sold, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited.

Performance data do not reflect the deduction of the $25 annual account service fee that may be applied to certain accounts. If this fee was included, performance would be lower.

Price

Closing price

Closing price as of 03/28/2025

NAV

$20.03

NAV change

increased$0.11 (0.55%)

52-week High

$20.54

as of 09/16/2024

52-week Low

$19.25

as of 04/30/2024

52-week Difference

$1.29 (6.70%)

30 day SEC yield

4.08%

 

A SEC yield footnote code

 

as of 03/27/2025

Historical prices
Chart/Table Toggle
NameDateNAV
VSIGX 03/28/2025
$20.03

This chart can’t be displayed on mobile devices. For the best viewing experience, visit this page from your desktop or laptop.

Portfolio composition

Characteristics

as of 02/28/2025

FundamentalVSIGX
Benchmark
Number of bonds 105 105
Yield to maturity 4.1% 4.1%
Average coupon 3.2% 3.3%
Average effective maturity 5.6 years 5.6 years
Average duration 4.9 years 4.9 years
Short-term reserves
Fund total net assets as of 02/28/2025 $39.5 B
Share class total net assets $4.5 B
Turnover rate (Fiscal Year-end 08/31/2024) 51.9%
Stylebox

Fixed Income

Quality

Trsy/
Agcy
Inv Grd
Corp
Below
Inv
Grade

Duration

Short

Medium

Long

Weighted exposures

as of 02/28/2025

99.90%U.S. Government
Credit rating4% of fundU.S. Government99.90%NR 0.10%

Weighted equity exposures exclude any temporary cash investments and equity index futures. Some short-term fixed income securities are classified as cash and are excluded from the weighted bond exposures.

Holding details

as of 02/28/2025

Ticker Holdings Coupon Rate Maturity Date Face Amount Market value
United States Treasury Note/Bond 4.375 % 05/15/2034 $813,385,000 $824,823,227
United States Treasury Note/Bond 3.875 % 08/15/2034 $812,944,000 $792,874,445
United States Treasury Note/Bond 4.000 % 02/15/2034 $801,036,000 $790,272,079
TNOTE United States Treasury Note/Bond 4.500 % 11/15/2033 $765,072,500 $783,242,972
United States Treasury Note/Bond 4.250 % 11/15/2034 $762,798,000 $765,777,680
TNOTE United States Treasury Note/Bond 3.875 % 08/15/2033 $750,966,000 $735,829,342
TNOTE United States Treasury Note/Bond 4.000 % 02/28/2030 $726,401,000 $726,287,500
TNOTE United States Treasury Note/Bond 1.250 % 08/15/2031 $820,571,000 $689,279,640
TNOTE United States Treasury Note/Bond 3.500 % 02/15/2033 $697,814,000 $667,720,771
TNOTE United States Treasury Note/Bond 1.375 % 11/15/2031 $784,795,000 $660,208,794
Name

of issuer

Title of issuer Coupon/Yield Category of investment Cusip/Other id Effective maturity date Final maturity date Principal amount Amortized cost
4.375 % 91282CKQ3
3.875 % 91282CLF6
4.000 % 91282CJZ5
4.500 % 91282CJJ1
4.250 % 91282CLW9
3.875 % 91282CHT1
4.000 % 91282CGQ8
1.250 % 91282CCS8
3.500 % 91282CGM7
1.375 % 91282CDJ7
Ticker Description Shares
TNOTE
TNOTE
TNOTE
TNOTE
TNOTE
TNOTE
Ticker Holdings Coupon Rate Maturity Date Face Amount Market value
United States Treasury Note/Bond 4.375 % 05/15/2034 $813,385,000 $824,823,227
United States Treasury Note/Bond 3.875 % 08/15/2034 $812,944,000 $792,874,445
United States Treasury Note/Bond 4.000 % 02/15/2034 $801,036,000 $790,272,079
TNOTE United States Treasury Note/Bond 4.500 % 11/15/2033 $765,072,500 $783,242,972
United States Treasury Note/Bond 4.250 % 11/15/2034 $762,798,000 $765,777,680
TNOTE United States Treasury Note/Bond 3.875 % 08/15/2033 $750,966,000 $735,829,342
TNOTE United States Treasury Note/Bond 4.000 % 02/28/2030 $726,401,000 $726,287,500
TNOTE United States Treasury Note/Bond 1.250 % 08/15/2031 $820,571,000 $689,279,640
TNOTE United States Treasury Note/Bond 3.500 % 02/15/2033 $697,814,000 $667,720,771
TNOTE United States Treasury Note/Bond 1.375 % 11/15/2031 $784,795,000 $660,208,794
Name

of issuer

Title of issuer Coupon/Yield Category of investment Cusip/Other id Effective maturity date Final maturity date Principal amount Amortized cost
4.375 % 91282CKQ3
3.875 % 91282CLF6
4.000 % 91282CJZ5
4.500 % 91282CJJ1
4.250 % 91282CLW9
3.875 % 91282CHT1
4.000 % 91282CGQ8
1.250 % 91282CCS8
3.500 % 91282CGM7
1.375 % 91282CDJ7
Ticker Description Shares
TNOTE
TNOTE
TNOTE
TNOTE
TNOTE
TNOTE
Ticker Holdings Coupon Rate Maturity Date Face Amount Market value
United States Treasury Note/Bond 4.375 % 05/15/2034 $813,385,000 $824,823,227
United States Treasury Note/Bond 3.875 % 08/15/2034 $812,944,000 $792,874,445
United States Treasury Note/Bond 4.000 % 02/15/2034 $801,036,000 $790,272,079
TNOTE United States Treasury Note/Bond 4.500 % 11/15/2033 $765,072,500 $783,242,972
United States Treasury Note/Bond 4.250 % 11/15/2034 $762,798,000 $765,777,680
TNOTE United States Treasury Note/Bond 3.875 % 08/15/2033 $750,966,000 $735,829,342
TNOTE United States Treasury Note/Bond 4.000 % 02/28/2030 $726,401,000 $726,287,500
TNOTE United States Treasury Note/Bond 1.250 % 08/15/2031 $820,571,000 $689,279,640
TNOTE United States Treasury Note/Bond 3.500 % 02/15/2033 $697,814,000 $667,720,771
TNOTE United States Treasury Note/Bond 1.375 % 11/15/2031 $784,795,000 $660,208,794
Name

of issuer

Title of issuer Coupon/Yield Category of investment Cusip/Other id Effective maturity date Final maturity date Principal amount Amortized cost
4.375 % 91282CKQ3
3.875 % 91282CLF6
4.000 % 91282CJZ5
4.500 % 91282CJJ1
4.250 % 91282CLW9
3.875 % 91282CHT1
4.000 % 91282CGQ8
1.250 % 91282CCS8
3.500 % 91282CGM7
1.375 % 91282CDJ7
Ticker Description Shares
TNOTE
TNOTE
TNOTE
TNOTE
TNOTE
TNOTE

Distributions

Realized/Unrealized gains

as of 02/28/2025

Realized gain

-$0.61

% of NAV

decreased-3.07%

Unrealized gains of NAV

-$0.18

% of NAV

decreased-0.90%

Fiscal year end

08/31/2025

Distribution schedule

Monthly

How your fund can affect your taxes

A fund's capital gains and losses can reveal the tax implications of holding a particular fund in a taxable account. This is true of both realized and unrealized capital gains and losses.

These tax implications don't apply to investors holding a fund in a tax-deferred account, such as an IRA or employer-sponsored retirement plan.

Learn about realized and unrealized gains and losses

How your fund can affect your taxes

A fund's capital gains and losses can reveal the tax implications of holding a particular fund in a taxable account. This is true of both realized and unrealized capital gains and losses.

These tax implications don't apply to investors holding a fund in a tax-deferred account, such as an IRA or employer-sponsored retirement plan.

Learn about realized and unrealized gains and losses
Dividend income and capital gains
Type$/Share Payable date Record date Reinvest date Reinvest price Distribution yield
Dividend$0.06590004/01/202503/28/202503/31/2025
Dividend$0.05800003/03/202502/27/202502/28/2025$19.963.84%
Dividend$0.06390002/03/202501/30/202501/31/2025$19.632.91%
Dividend$0.06380012/24/202412/20/202412/23/2024$19.525.13%
Dividend$0.06100012/02/202411/27/202411/29/2024$19.874.04%
Dividend$0.06210011/01/202410/30/202410/31/2024$19.803.43%
Dividend$0.06030010/01/202409/27/202409/30/2024$20.353.73%
Dividend$0.06210009/03/202408/29/202408/30/2024$20.183.75%
Dividend$0.06190008/01/202407/30/202407/31/2024$20.003.47%
Dividend$0.05940007/01/202406/27/202406/28/2024$19.603.95%

Fund management

Vanguard Intermediate-Term Treasury Index Fund seeks to track the performance of a market-weighted Treasury bond index with an intermediate-term dollar-weighted average maturity. The fund invests by sampling the index, meaning that it holds a range of securities that, in the aggregate, approximates the full index in terms of key risk factors and other characteristics. All of the fund’s investments will be selected through the sampling process, and at least 80% of the fund’s assets will be invested in bonds included in the index. The fund maintains a dollar-weighted average maturity consistent with that of the index.

Vanguard Fixed Income Group
Launched in 1975, The Vanguard Group, Malvern, Pennsylvania, is among the world’s largest equity and fixed income managers. As chief investment officer, Gregory Davis, CFA, oversees Vanguard’s Equity Index, Investment Strategy, Quantitative Equity, and Fixed Income Groups. Sara Devereux, principal and global head of Fixed Income Group, has direct oversight responsibility for all money market, bond, and stable value portfolios managed by the Fixed Income Group. The Fixed Income Group offers actively managed investments in U.S. Treasury, corporate, and tax-exempt securities, as well as passively managed index portfolios. Since 1981, it has refined techniques in total-return management, credit research, and index sampling to seek to deliver consistent performance with transparency and risk control. The group has advised Vanguard Intermediate-Term Treasury Index Fund since 2009.

Investment Manager Biography

Joshua C. Barrickman
CFA, Principal, Co-Head of Fixed Income Indexing Americas Portfolio manager.
Advised the fund since 2013. Worked in investment management since 1999. B.S., Ohio Northern University. M.B.A., Lehigh University.

Performance & fees

1
Bloomberg U.S. 3–10 Year Government Float Adjusted Index through December 11, 2017; Bloomberg U.S. Treasury 3–10 Year Bond Index thereafter.
2

Most recent data available. © 2023 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; (3) does not constitute investment advice offered by Morningstar; and (4) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

3

R-squared and beta are calculated from trailing 36-month fund returns relative to the associated benchmark.

Portfolio composition

4

Credit-quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). "NR" is used to classify securities for which a rating is not available. NR securities may include a fund's investment in Vanguard Market Liquidity Fund or Vanguard Municipal Low Duration Fund, each of which invests in high-quality money market instruments and may serve as a cash management vehicle for the Vanguard funds, trusts, and accounts. U.S. Treasury, U.S. Agency, and U.S. Agency mortgage-backed securities appear under "U.S. Government." Credit-quality ratings for each issue are obtained from Bloomberg using ratings derived from Moody's Investors Service (Moody's), Fitch Ratings (Fitch), and Standard & Poor's (S&P). When ratings from all three agencies are available, the median rating is used. When ratings are available from two of the agencies, the lower rating is used. When one rating is available, that rating is used.

© 2023 Morningstar, Inc. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

Vanguard average mutual fund expense ratio: 0.09%. Industry average mutual fund expense ratio: 0.50%. All averages are asset-weighted. Industry average excludes Vanguard. Sources: Vanguard and Morningstar, Inc., as of December 31, 2023.

Total returns: Short-term total return information is provided only as a service. Historical performance—particularly short-term performance—is no guarantee of future returns. Price, yield, and return on an actual investment will fluctuate, and you may have a gain or loss when you sell. Average annual returns include changes in price and reinvestments of dividends and capital gains. Since-inception returns for less than 1 year and year-to-date returns aren't annualized. Index performance is provided as a benchmark but isn't illustrative of any particular investment. You can't invest in an index.

Standardized returns: To see quarterly fee-adjusted returns, refer to the Price & Performance details.

Expense ratios: Expense ratios are displayed on Overview. For investments that are less than 1 fiscal year old, expense ratios are estimated.

Risk: All investing is subject to risk, including the possible loss of the money you invest. Funds that concentrate on a relatively narrow market sector face the risk of higher share-price volatility. Investments in stocks or bonds issued by non-U.S. companies are subject to risks including country/regional risk and currency risk.

An investment in the fund could lose money over short or long periods of time. You should expect the fund’s share price and total return to fluctuate within a wide range. The fund is subject to the following risks, which could affect the fund’s performance, and the level of risk may vary based on market conditions:

  • Interest rate risk, which is the chance that bond prices overall will decline because of rising interest rates. Interest rate risk should be moderate for the fund because it invests primarily in short- and intermediate-term bonds, whose prices are less sensitive to interest rate changes than are the prices of long-term bonds.
  • Income risk, which is the chance that the fund’s income will decline because of falling interest rates. Income risk is generally moderate for intermediate-term bond funds, so investors should expect the fund’s monthly income to fluctuate accordingly.
  • Index sampling risk, which is the chance that the securities selected for the fund, in the aggregate, will not provide investment performance matching that of the fund’s target index. Index sampling risk for the fund is expected to be low.
  • Index-related risks: The fund is subject to risks associated with index investing, which include passive management risk, tracking error risk, and index provider risk. Passive management risk is the chance that the fund's use of an indexing strategy will negatively impact the fund's performance. Because the fund seeks to track the performance of its target index regardless of how that index is performing, the fund's performance may be lower than it would be if the fund were actively managed. Tracking error risk is the chance that the fund's performance will deviate from the performance of its target index. Tracking error risk may be heightened during times of increased market volatility or under other unusual market conditions. Index provider risk is the chance that the fund will be negatively impacted by changes or errors made by the index provider. Any gains, losses, or costs associated with or resulting from an error made by the index provider will generally be borne by the fund and, as a result, the fund's shareholders.