Bond ETF investors can move down the yield curve with shorter duration bond funds. Duration is a measure of a bond fund’s sensitivity to changes in interest rates, so a shorter duration reflects a lower negative response to higher interest rate.

Credit risk is not high with VRIG. Just over 17% of the fund’s holdings have ratings of BBB or lower while nearly a third are rated AAA. Even with that tidy credit profile, VRIG has a decent 30-day SEC yield of 2.94%.

VRIG charges 0.30% per year, or $30 on a $10,000 investment.

For more information on the fixed-income market, visit our bond ETFs category.