Vanguard Intermediate-Term Bond ETF BIV NYSE

Vanguard Intermediate-Term Bond ETF is a passively managed exchange-traded fund that tracks the Bloomberg U.S. 5–10 Year Government/Credit Float Adjusted Index. The fund invests in a diversified portfolio of investment-grade U.S. government bonds, high-quality corporate bonds, and international dollar-denominated bonds with a dollar-weighted average maturity of 5 to 10 years. Using an index sampling strategy, the fund seeks to replicate the performance of this market-weighted bond index while providing investors with exposure to intermediate-term fixed income securities.