To mitigate rate risk, another option is the Vanguard Short-Term Inflation-Protected Securities Index Fund ETF Shares (VTIP). VTIP seeks to track the Bloomberg U.S. Treasury Inflation-Protected Securities (TIPS) 0-5 Year Index, which 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 five years. As the Federal Reserve continues to wrestle with inflation, high-quality bonds still present investors with a prime option given the economic uncertainty that looms.