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Vanguard Short-Term Bond ETF (BSV) is an exchange-traded fund designed to track the performance of short-term U.S. fixed-income securities issued by governments and corporations. The ETF is managed by Vanguard Group Inc. and trades under the ticker BSV on NYSE Arca.
Classified as a short-term fixed-income ETF, BSV seeks to reflect, before fees and expenses, the aggregated performance of the securities included in the Bloomberg U.S. 1–5 Year Government/Credit Float Adjusted Index.
The fund follows a passive management strategy, maintaining a portfolio composed of U.S. Treasuries, agency bonds, and investment-grade corporate bonds with short maturities. Its structure seeks to provide lower sensitivity to interest-rate fluctuations compared to intermediate- or long-duration fixed-income ETFs.
Composition / Exposure profile
BSV provides exposure to multiple segments of the U.S. short-term fixed-income market, including:
• U.S. Treasury securities
• Federal agency bonds
• Investment-grade corporate bonds
• Short-term debt instruments
This composition seeks to combine high-quality credit exposure, liquidity, and relatively lower volatility within the U.S. bond market.
Structure and costs
BSV shares trade on the secondary market on NYSE Arca during regular trading hours. Creation and redemption occur through authorized participants, helping maintain alignment between market price and net asset value.
The fund charges a management fee as outlined in its prospectus and does not apply a performance fee. BSV may distribute income derived from interest payments generated by the securities held in its portfolio.
History and evolution of the ETF
The Vanguard Short-Term Bond ETF was launched in 2007, during a period of expansion in fixed-income ETFs focused on conservative strategies and shorter-duration exposure.
Since inception, the fund has been used by investors seeking exposure to high-quality U.S. fixed-income securities with lower interest-rate sensitivity.
In recent years, BSV has reflected Federal Reserve monetary policy cycles, movements in U.S. interest rates, flows into conservative fixed-income strategies, and volatility across bond markets.
Additional Information
Vanguard Short-Term Bond ETF (United States) is an exchange-traded fund (ETF), with assets under management totaling $46.56 billion.
Over the past 12 months, Vanguard Short-Term Bond ETF recorded a return of 2.12%, with its price trading between $77.39 and $79.27 during the same period.
The ETF is traded under the ticker BSV.
