Vanguard Inter-Term Bond ETF (BIV)


Vanguard Intermediate-Term Bond ETF (BIV)


Vanguard Intermediate-Term Bond ETF seeks to track the performance of a market-weighted bond index with an intermediate-term dollar-weighted average maturity.

The fund employs a “passive management”—or indexing—strategy designed to track the performance of the Barclays Capital U.S. 5–10 Year Government/Credit Bond Index. This index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities between 5 and 10 years and are publicly issued. The fund invests by sampling the index, meaning that it holds a range of securities that, in the aggregate, approximate the full index in terms of key risk factors and other characteristics. All of the fund’s investments will be selected through the sampling process, and at least 80% of the fund’s assets will be invested in bonds held in the index. The fund maintains a dollar-weighted average maturity consistent with that of the index, which ranges between 5 and 10 years.

The fund will invest at least 80% of its assets in bonds held in the target index. Up to 20% of the fund’s assets may be used to purchase nonpublic, investment-grade securities, generally referred to as 144A securities, as well as smaller public issues or medium-term notes not included in the index because of the small size of the issue.


Fund Information

  • Fund Manager: Vanguard Group Inc. [2]
  • Inception Date: 04/03/2007
  • Average Maturity: 7.6 years
  • Exchange: AMX
  • Ticker: BIV
  • Expense Ratio: 0.14%
  • ETF Page[3]

Top Holdings

' Inter-Term Bond ETF Barclays US 5-10 Yr Govt/Credit Idx
Number of Bonds10331488
Yield to Maturity 4.0%4.1%
Average Coupon5.4%5.2%
Average Maturity 7.6 years7.6
Average Quality*AA2/AA3AA2/AA3
Average Duration 6.3 years6.3 years
Short-Term Reserves1.4%
Fund Total Net Assets$9.4 billion
Share Class Total Net Assets$1.1 billion


  1. Vanguard Intermediate-Term Bond ETF (BIV)
  2. Vanguard Group Inc.
  3. Vanguard Intermediate-Term Bond ETF (BIV)
Wikinvest © 2006, 2007, 2008, 2009, 2010, 2011, 2012. Use of this site is subject to express Terms of Service, Privacy Policy, and Disclaimer. By continuing past this page, you agree to abide by these terms. Any information provided by Wikinvest, including but not limited to company data, competitors, business analysis, market share, sales revenues and other operating metrics, earnings call analysis, conference call transcripts, industry information, or price targets should not be construed as research, trading tips or recommendations, or investment advice and is provided with no warrants as to its accuracy. Stock market data, including US and International equity symbols, stock quotes, share prices, earnings ratios, and other fundamental data is provided by data partners. Stock market quotes delayed at least 15 minutes for NASDAQ, 20 mins for NYSE and AMEX. Market data by Xignite. See data providers for more details. Company names, products, services and branding cited herein may be trademarks or registered trademarks of their respective owners. The use of trademarks or service marks of another is not a representation that the other is affiliated with, sponsors, is sponsored by, endorses, or is endorsed by Wikinvest.
Powered by MediaWiki