Vanguard Bond ETFs Start Trading
TSC Staff
04/10/07 - 01:24 PM EDT
Vanguard's first four fixed-income exchange-traded funds began trading on the American Stock Exchange Tuesday.
The Total Bond Market ETF (BND), Short-Term Bond ETF (BSV), Intermediate-Term Bond ETF(BIV) and Long-Term Bond ETF (BLV) are structured as a separate share classes of established, broadly diversified bond index funds.
All four of the bond ETFs carry expense ratios of 0.11%.
Vanguard is the nation's second-largest mutual fund manager but is a relatively small player in the ETF industry, with approximately $23 billion in domestic and international stock ETFs.
The company had filed plans for the ETFs with the Securities and Exchange Commission in January.