Fund info

Vanguard Short-Term Treasury Fund Investor Shares is an actively managed mutual fund focused on generating current income with limited price volatility. It invests primarily in short‑term U.S. Treasury obligations—such as bills, notes, and bonds—providing exposure to securities backed by the full faith and credit of the U.S. government. The portfolio typically maintains a dollar‑weighted average maturity of about one to four years, aiming to reduce interest‑rate sensitivity relative to intermediate‑ and long‑duration bond strategies. Classified in the short government category, the fund emphasizes high credit quality and limited interest‑rate risk, aligning with investors seeking stability and liquidity characteristics within a diversified fixed‑income allocation. The fund features a low expense structure typical of its sponsor and distributes income on a monthly basis. With a long operating history dating to 1991 and a broad set of Treasury holdings, it serves as a core defensive fixed‑income holding or cash management complement in multi‑asset portfolios, helping to moderate overall volatility while maintaining consistent income from U.S. government securities.