Symbols

BSV

Vanguard Short-Term Bond ETF·NYSE

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Key Stats

Assets Under Management

43.39BUSD

Fund Flows (1Y)

9.43BUSD

Dividend Yield

3.86%

Discount/Premium to NAV

0.04%

Shares Outstanding

548.40M

Expense Ratio

0.03%

About Vanguard Short-Term Bond ETF

Issuer

Vanguard

Brand

Vanguard

Home Page

https://investor.vanguard.com/investment-products/etfs/profile/bsv

Inception Date

Apr 3, 2007

Structure

Open-Ended Fund

Index Tracked

Bloomberg U.S. 1-5 Year Government/Credit Float Adjusted Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

The Vanguard Group, Inc.

Distributor

Vanguard Marketing Corp.

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.