Vanguard launched three new bond ETFs today: Total Treasury ETF (VTG), Total Inflation-Protected Securities ETF (VTP) and Government Securities Active ETF (VGVT).
Only one of them—the inflation-protected fund—offers something truly new.
Two “Total” Funds, One Familiar Playbook
Both of the “Total” funds are index funds. They follow Vanguard’s familiar formula: broad market exposure and rock-bottom costs.