Vanguard Intermediate-Term Bond ETF

Frequently Asked Questions About BIV

What does BIV invest in?

Vanguard Bond Index Funds - Vanguard Intermediate-Term Bond ETF is an exchange traded fund launched and managed by The Vanguard Group, Inc. The fund invests in the fixed income markets of the United States. It invests in investment-grade debt securities including government, corporate, and international dollar-denominated bonds with maturities between 5 and 10 years that are rated BBB- or above by S&P. It seeks to replicate the performance of the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Index, by employing representative sampling methodology. Vanguard Bond Index Funds - Vanguard Intermediate-Term Bond ETF was formed on March 1, 1994 and is domiciled in the United States.

What is the expense ratio of BIV?

Vanguard Intermediate-Term Bond ETF (BIV) charges an expense ratio of 0.03%. This is the annual fee deducted from fund assets to cover management and operations.

What is BIV's dividend yield?

BIV's trailing-twelve-month yield is 4.46%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of BIV?

Effective duration measures BIV's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. BIV's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of BIV?

BIV's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of BIV?

Yield to maturity (YTM) is the total return you'd earn from BIV if every bond in the portfolio is held to maturity at the current price. BIV's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.