Vanguard Ultra-Short Treasury (VGUS) ETF Holdings & Analysis

What VGUS does

This exchange-traded fund (ETF) aims to mirror the investment performance of a market-weighted U.S. Treasury index, which is characterized by an exceptionally short dollar-weighted average maturity. Its fundamental investment strategy is an indexing approach, specifically crafted to follow the Bloomberg Short Treasury Index. This benchmark index is comprised of debt instruments issued by the U.S. government that have maturities spanning up to 12 months. It deliberately omits certain types of bonds, such as inflation-protected securities, floating-rate debt, and a few other specific categories. Rather than holding every security within the index, the fund employs a sampling technique. This means it invests in a diverse selection of securities that, when considered collectively, closely replicate the complete index's principal risk factors and other defining characteristics. Under typical operating conditions, the fund allocates the vast majority, and certainly no less than 80%, of its assets to either the securities directly forming the Index or to other investments that the advisor deems to possess virtually identical economic traits. A key objective for the fund is to maintain a dollar-weighted average maturity consistent with that of its benchmark, which, under normal circumstances, is anticipated to fall between 1 and 12 months.

Fund profile

Top holdings

Sector allocation

Geographic allocation

PortView Portfolio Insights

PortView analyzes how VGUS fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.

Related securities

Related stocks

Frequently asked questions

What does VGUS track?

VGUS is the Vanguard Ultra-Short Treasury ETF, a Other ETF.

What is the expense ratio of VGUS?

Expense ratio data for VGUS is shown on the page when available from our data provider.

What are the largest holdings in VGUS?

Top holdings include United States Treasury Bill 09/03/2026, United States Treasury Bill 09/10/2026, United States Treasury Bill 10/01/2026, United States Treasury Bill 10/29/2026, United States Treasury Bill 09/15/2026.

How can PortView analyze VGUS overlap with other ETFs?

PortView computes the holdings overlap between VGUS and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.