Key Highlights

  • The Market Price was $76.98 on 6 November 2026, down $0.08 or 0.10 per cent on the session.
  • U.S. government issuers make up about 70 per cent of the portfolio.
  • The average effective Maturity is 2.9 years and the average duration is 2.6 years.
  • The 30-day SEC Yield is 4.93 per cent, and the expense ratio is 0.03 per cent a year.

The Vanguard Short-Term Bond ETF (NYSE:BSV) provides exposure to U.S. government, corporate and international dollar-denominated bonds with maturities of one to five years. As at 6 November 2026, the market price was $76.98, with the net asset value at $76.95. The fund launched on 3 April 2007 and tracks the Bloomberg U.S. 1-5 Year Government/Credit Float Adjusted index through index sampling.

Fund fact

Detail

Market price (6 November 2026)

$76.98

Day change

-$0.08 (-0.10%)

Net asset value

$76.95

Expense ratio

0.03% a year

30-day SEC yield

4.93%

Fund net assets

$71.1 billion

Issuer and Maturity Profile

U.S. government issuers account for 70.06 per cent of the portfolio, with the remainder in corporate issuers and small holdings of other debt. The fund holds 3,155 bonds at 30 September 2026, and its average effective maturity is 2.9 years.

Short maturities mean the portfolio is less sensitive to Interest Rate changes than longer-dated bond funds. The average duration of 2.6 years implies that a one percentage point rise in rates would be expected to reduce the fund's value by roughly 2.6 per cent, all else equal.

Leading Holdings

The largest single positions are U.S. Treasury notes, including a 4.375 per cent note maturing in August 2031 at 1.70 per cent of the portfolio and a 5.00 per cent note maturing in September 2031 at 1.32 per cent. Other Treasury holdings maturing in 2027 to 2030 Fill out the top ten.

Because the portfolio is spread across more than 3,000 bonds, no single position is large. The fund's largest holding is only 1.70 per cent of assets.

Income and Costs

The 30-day SEC yield is 4.93 per cent, and the yield to maturity is 5.1 per cent. The expense ratio is 0.03 per cent a year, or about $3 on a $10,000 holding. The fund distributes income monthly.

Net Assets were reported at $71.1 billion at 31 October 2026. Units trade on the exchange at market price, which was slightly above net asset value on 6 November.

Final Word

The Vanguard Short-Term Bond ETF offers a broad, short-maturity portfolio of more than 3,000 bonds, with U.S. government issuers making up most of the fund. The market price eased 0.10 per cent on 6 November, and the expense ratio is 0.03 per cent a year. Shifts in short-term interest rates and the Credit spreads on corporate holdings are the factors that will shape the fund's unit price and income.