The team at a 50-year-old mutual fund titan is expanding their bond ETF count by three.

Last Wednesday (July 9), Roger Hallam, global head of rates for the fixed income group at Vanguard [profile], unveiled the launch of a trio of new offerings:

the Vanguard Government Securities Active ETF (VGVT on the NYSE Arca);

the Vanguard Total Inflation-Protected Securities ETF (VTP); and

the Vanguard Total Treasury ETF (VTG).

The Valley Forge, Pennsylvania-based Vanguard Group, Inc. serves as investment advisor, dividend-paying agent, and transfer agent to all three new funds.

The debut last week of VTP, VTG, and VGVT boosts Vanguard's fixed income ETF lineup to 36 funds in total. That includes 28 index funds and 8 actively managed ones.

VGVT, VTG, and VTP's inception date was July 7. VTP comes with an expense ratio of 5 basis points, VTG's expense ratio is 3bps, and VGVT's expense ratio is 10bps.

The PM team for VGVT includes three portfolio managers, all Vanguard veterans of at least a decade. That trio includes John Madziyire, Nathan Persons, and Brian Quiqley.

Joshua Barrickman, principal and co-head of fixed income indexing Americas at Vanguard, serves as the sole PM for VTG and VTP.

Hallam describes VGVT as offering "a flexible, high-quality portfolio of U.S. government and agency bonds, along with select securitized credit."

"VGVT is built to serve as a resilient core bond holding—one that adapts to changing market conditions while preserving the diversification and risk-buffering qualities investors expect from Treasuries," Hallam states. "It's a compelling option for those seeking to balance equity exposure and pursue long-term portfolio stability through active management."

VTP, VTG, and VGVT are each series of Vanguard Malvern Funds. The new ETFs' other service providers include:

JPMorgan Chase Bank, N.A. as custodian;

PricewaterhouseCoopers LLP as independent accounting firm; and

Vanguard Marketing Corporation as distributor.

 

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