Investors poured $8 million into BSV. Year-to-date, the ETF has added $577.3 million in new assets. BSV, one of the largest short-term bond ETFs on the market, has an average duration of 2.7 years. [ETFs for Rising Rates Defense]
“ETFs tend to be significantly less expensive than active mutual funds. For example, BSV has a net expense ratio of 0.10%, which is a fraction of the size of the average short investment-grade debt mutual fund in S&P Capital IQ’s database (0.80% expense ratio). Aided by the low expense ratio and tight spread, S&P Capital IQ views positively BSV’s cost factors,” added S&P Capital IQ.
BSV’s 0.1% annual fee is lower than 88% of rival funds, according to Vanguard.
Vanguard Short-Term Bond ETF
