Short-Term Inflation-Protected Bond

Summary

The investment seeks to track the performance of a Bloomberg U.S. 0-5 Year Treasury Inflation-Protected Securities Index that measures the investment return of inflation-protected public obligations of the U.S. Treasury with remaining maturities of less than 5 years.
Fund Assets (millions) $65,207.9
Portfolio Managers 1
Fund Inception Oct 12, 2012
Gross Expense Ratio 0.06%
Fund Family Vanguard
Prospectus (PDF)

Returns at NAV

Returns at MOP

Asset Mix

U.S. Stocks 0.00%
Non-U.S. Stocks 0.00%
U.S. Bonds 96.62%
Non-U.S. Bonds 0.00%
Convertible 0.00%
Preferred 0.00%
Other 0.00%
Cash 3.38%
As of 2/28/2026
Read important information about results and other investment disclosures
This chart tracks a hypothetical investment, with dividends reinvested, through February 28, 2026
VTAPX
Bloomberg US Agg Bond TR USD

Fund Statistics

2.5 years
Average Duration
3.3%
Average Yield
to Maturity
1.1%
Average Coupon
As of 2/28/2026

Morningstar Style BoxTM— Fixed-Income

High Quality
Limited Interest-Rate Sensitivity
As of 2/28/26

Investment Strategy

The index is a market-capitalization-weighted index that includes all inflation-protected public obligations issued by the U.S. Treasury with remaining maturities of less than 5 years.

Fund Facts

Fund Inception Oct 12, 2012
Fund Assets (Millions) $65,207.9
Dividend Distribution Frequency Quarterly
Minimum Investment $3,000
Capital Gains Distribution Frequency --
Turnover 25%
Fiscal Year-End Sep
Prospectus Date Jan 28, 2026

Returns

Month-End Returns as of 2/28/26

Returns at NAV
| at MOP
Read important information about results and other investment disclosures
VTAPX
Bloomberg US Agg Bond TR USD
ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/25

Yield

12-Month Distribution Rates (NAV)
3.75%
30-Day SEC Yield (Gross | Net) 0.85% | 0.85%
As of 2/28/2026

Portfolio Management

Read important investment disclosures
Years of Experience With Fund
Joshua Barrickman 13 yrs
As of 2/28/2026

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(63)
3-yr. Morningstar RatingTM
(63 funds rated)
5-yr. Morningstar RatingTM
(62 funds rated)
10-yr. Morningstar RatingTM
(52 funds rated)
Overall Morningstar Risk Below Average
HIGH
LOW
Morningstar Category
Short-Term Inflation-Protected Bond
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 2/28/2026.

Risk Measures

Fund
Standard Deviation
2.23
Sharpe Ratio
0.36
R-squared
42
Beta
0.29
Capture Ratio (Downside/Upside)
10/49
American Funds and Morningstar Benchmark for the 10 Years Years ending 2/28/26 R-squared, Beta and Capture Ratio calculated using the .

Maturity

1 To 3 Years
42.2%
3 To 5 Years
42.6%
5 To 7 Years
0.0%
7 To 10 Years
0.0%
10 To 15 Years
0.0%
15 To 20 Years
0.0%
20 To 30 Years
0.0%
Over 30 Years
0.0%
Percentage of net assets as of 2/28/2026

Quality Summary

AAA
99.9%
AA
0.0%
A
0.0%
BBB
0.0%
BB
0.0%
B
0.0%
Below B
0.0%
Not Rated
0.1%
Percentage of net assets as of 2/28/2026

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
Cash & Equivalents 3.4%
Corporate 0.0%
Derivative 0.0%
Municipal 0.0%
Securitized 0.0%

Percentage of net assets as of 2/28/2026

Top 10 Holdings

United States Treasury Notes
5.6%
United States Treasury Notes
5.5%
United States Treasury Notes
5.3%
United States Treasury Notes
5.1%
United States Treasury Notes
5.1%
United States Treasury Notes
4.9%
United States Treasury Notes
4.8%
United States Treasury Notes
4.8%
United States Treasury Notes
4.7%
United States Treasury Notes
4.7%

Percentage of net assets as of 2/28/2026

Geographic Breakdown

Top Countries
United States
100.0%

Percentage of net assets as of 2/28/2026

Fees & Expenses

Fees

Annual Management Fees 0.05%
Service 12b-1 --
Maximum Sales Charge --
As of each fund's most recent prospectus.

Expense Ratio

Gross
VTAPX 0.06%
Morningstar Category: Short-Term Inflation-Protected Bond 0.55%
Fund as of most recent prospectus. Morningstar Category as of 2/28/26.