Key stats
About VANGUARD BOND INDEX FUNDS INTERMEDIATE TERM BOND
Expense ratio
0.04%
Home page
Inception date
Apr 3, 2007
BIV is an intermediate-term bond ETF that adopts a slightly more stringent definition of intermediate by excluding bonds with maturities of under 5 years and over 10. This sets it apart from its competitors and our benchmark, which have broader interpretations of intermediate-term bonds. As such, BIV has a longer average maturity and a slight bias toward lower-rated corporate bonds. Nearly the whole portfolio is in bonds expiring between 5-10 years, compared with about one third for our benchmark. The fund suffers in terms of transparency thanks to Vanguard's monthly disclosure practices.
Classification
What's in the fund
Exposure type
Government
Corporate
Stocks0.02%
Energy Minerals0.02%
Finance0.00%
Bonds, Cash & Other99.98%
Government59.89%
Corporate39.20%
Cash0.47%
Municipal0.41%
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