BSV

Vanguard Short‑Term Bond Index Fund ETF (BSV) invests primarily in U.S. dollar‑denominated, investment‑grade fixed‑income securities, including Treasury and agency obligations as well as corporate and foreign‑government bonds with maturities ranging from one to five years. The fund follows a passive strategy that seeks to replicate the Bloomberg U.S. 1‑5 Year Government/Credit Float Adjusted Index by using representative sampling of the index’s holdings. Because it provides diversified exposure to short‑duration, high‑quality bonds, BSV is suited for conservative investors who want a low‑volatility source of current income, a cash‑equivalent alternative, or a stable component within a broader diversified portfolio.