Vanguard is a great firm, but why buy into a fund “backed” by treasuries, when anyone can open a TreasuryDirect account and contribute as little as $100.00 towards T-bills, notes, bonds, TIPS, etc, without any commission.
The securities are held in electronic ledgerbook entry by the federal government, and can be sold with the click of a mouse, and the proceeds deposited directly to a bank account. Even savings bonds can be bought and sold this way. It just seems like in this time of market turmoil everyone should be made aware of that. http://www.treasurydirect.gov
Good point - and no expense ratio...