基金概述
Vanguard Intermediate-Term Treasury Index Fund ETF Shares is categorized within the Intermediate Government sector and is managed by the prominent Vanguard fund family. The fund currently holds total assets under management amounting to $48.80 billion, a scale that indicates significant market presence and popularity among institutional and retail participants seeking fixed-income exposure. While the specific number of holdings is listed as N/A in available data, the nature of an index fund typically implies broad diversification across intermediate-term government bonds rather than concentrated positions. The expense ratio is recorded at 0.0%, which conceptually distinguishes this vehicle from higher-cost actively managed funds or those with traditional management fees, although the zero rate requires specific verification against the fund's official prospectus as it deviates from standard industry norms.
业绩分析
The fund reports a current yield of 3.7%, a metric that provides income-seeking investors with a fixed-income stream derived from the coupon payments of the underlying treasury securities. Year-to-date performance stands at 1.6%, reflecting the fund's recent price appreciation or depreciation relative to its inception date within the current fiscal year. Over longer horizons, the 3-year average return is 3.2%, while the 5-year average return is 0.2%, figures that illustrate the varying consistency of returns depending on the interest rate environment and duration of the bond ladder. Comparing the short-term YTD return of 1.6% against the 5-year average return of 0.2% reveals that recent market conditions have driven higher yields or capital gains compared to the longer-term average, suggesting sensitivity to current monetary policy shifts. The expense ratio of 0.0% theoretically has no direct cost drag on net returns in a traditional fee structure, though the impact on investor wealth accumulation over decades depends on the actual fees charged and how they are accounted for in the fund's operational model.
Price & Risk Profile
The 52-week high price reached $60.76, while the 52-week low was $58.42, establishing a trading range of $2.34 that indicates moderate price volatility typical for intermediate-term government bonds. Based on the provided high and low, the current price metrics must be interpreted within this specific band, where the fund has demonstrated stability without extreme swings away from its fair value. The beta value is listed as N/A, meaning that a direct statistical comparison of the fund's volatility relative to the broader market index is not available through the standard beta metric provided in this dataset. Consequently, the overall risk profile is primarily defined by interest rate sensitivity inherent to intermediate-term treasuries, as evidenced by the limited 52-week price movement between $58.42 and $60.76, rather than by a calculated beta coefficient.