VIPSX

About VIPSX

Vanguard Inflation-Protected Securities Fund Investor Shares is a mutual fund designed to provide investors with both income and protection against inflation. The fund achieves this objective by investing primarily—typically more than 90% of assets—in U.S. Treasury Inflation-Protected Securities (TIPS), which are government bonds indexed to inflation. By adjusting both principal and interest payments based on changes in the Consumer Price Index, these securities aim to preserve purchasing power over time. The fund follows a "pure play" approach, minimizing exposure to non-Treasury debt, non-U.S. bonds, or securitized assets commonly found in competitors’ portfolios. The portfolio management team utilizes macroeconomic views, modest adjustments to duration and yield curve positioning, and data-driven trading strategies to optimize returns while closely tracking the Bloomberg US TIPS Index. As a result, this fund offers unique diversification benefits and a straightforward method for managing inflation risk within fixed income allocations, making it a notable option for investors seeking stable, inflation-adjusted returns over multiple market cycles.