Key stats
About Vanguard Short-Term Bond ETF
Expense ratio
0.04%
Home page
Inception date
Apr 3, 2007
BSV is an ETF that holds a mix of investment-grade, dollar-denominated debt issued in the US with 1-5 years remaining in maturity. Treasurys dominate the basket, which also includes corporates, agency issues, and a small amount of foreign debt issued in USD. Short-term is in the eye of beholder: The inclusion of bonds maturing in 3 to 5 years gives BSV a longer-dated portfolio than our benchmark, which tracks bonds in the 1- to 3-year bucket exclusively. The hefty chunk of longer-dated bonds increases BSV`s weighted average maturity, interest-rate risk and yield compared with our benchmark. The lone, small drawback for BSV is the issuer`s lack of transparency, as holdings are only posted monthly with a two-week lag. Note: Rival ISTB changed indexes in 2014 to include high-yield bonds, which BSV avoids.
Classification
What's in the fund
Exposure type
Government
Corporate
Stocks0.01%
Finance0.01%
Bonds, Cash & Other99.99%
Government73.36%
Corporate25.39%
Cash1.16%
Municipal0.08%
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