Key stats
About Vanguard Intermediate-Term Bond ETF
Home page
Inception date
Apr 3, 2007
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
The Vanguard Group, Inc.
Distributor
Vanguard Marketing Corp.
BIV is an intermediate-term bond ETF that adopts a slightly more stringent definition of intermediate by excluding bonds with maturities of under 5 years and over 10. This sets it apart from its competitors and our benchmark, which have broader interpretations of intermediate-term bonds. As such, BIV has a longer average maturity and a slight bias toward lower-rated corporate bonds. Nearly the whole portfolio is in bonds expiring between 5-10 years, compared with about one third for our benchmark. The fund suffers in terms of transparency thanks to Vanguard's monthly disclosure practices.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Corporate
Bonds, Cash & Other100.00%
Government62.13%
Corporate37.39%
Municipal0.35%
Cash0.11%
Securitized0.02%
Stock breakdown by region
North America93.44%
Europe3.50%
Asia2.14%
Latin America0.50%
Oceania0.24%
Middle East0.17%
Africa0.01%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
BIV invests in bonds. The fund's major sectors are Government, with 62.13% stocks, and Corporate, with 37.39% of the basket. The assets are mostly located in the North America region.
BIV top holdings are United States Treasury Notes 4.625% 15-FEB-2035 and United States Treasury Notes 4.25% 15-NOV-2034, occupying 2.57% and 2.30% of the portfolio correspondingly.
BIV last dividends amounted to 0.27 USD. The month before, the issuer paid 0.25 USD in dividends, which shows a 4.81% increase.
BIV assets under management is 23.16 B USD. It's risen 0.82% over the last month.
BIV fund flows account for 4.97 B USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, BIV pays dividends to its holders with the dividend yield of 3.89%. The last dividend (Jun 4, 2025) amounted to 0.27 USD. The dividends are paid monthly.
BIV shares are issued by The Vanguard Group, Inc. under the brand Vanguard. The ETF was launched on Apr 3, 2007, and its management style is Passive.
BIV expense ratio is 0.03% meaning you'd have to pay 0.03% of your investment to help manage the fund.
BIV follows the Bloomberg US Government/Credit - Float Adjusted (5-10 Y). ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
BIV invests in bonds.
BIV price has fallen by −0.56% over the last month, and its yearly performance shows a 0.93% increase. See more dynamics on BIV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 0.42% over the last month, showed a 1.29% increase in three-month performance and has increased by 5.77% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 0.42% over the last month, showed a 1.29% increase in three-month performance and has increased by 5.77% in a year.
BIV trades at a premium (0.07%) meaning the ETF is trading at a higher price than the calculated NAV.