Overview
Investment-grade bonds maturing in 5-10 years — the middle of the curve, roughly 55% Treasuries and 45% high-grade corporates, at 0.04%.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| UST | US Treasuries 5-10yr | ~56% |
| CORP | IG Corporates 5-10yr | ~40% |
| — | Other | ~4% |
Fund Details
Investment Thesis
BIV concentrates on the maturity band that historically offers the best yield-per-unit-of-duration on the curve, skipping both the low-yield short end and the whippy long end. Against BND it runs a touch more duration and a touch more yield with no mortgage exposure; against IEF it adds a corporate sleeve. A clean, cheap way to own 'the belly' — which is where bond managers put money when they stop having opinions.
Who It's For
Core bond investors matching intermediate horizons — the natural single bond fund for a classic 60/40 who wants marginally more yield than BND.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $75.56 | -- |
| 2017 | $76.77 | +1.6% |
| 2018 | $75.54 | -1.6% |
| 2019 | $80.67 | +6.8% |
| 2020 | $86.97 | +7.8% |
| 2021 | $83.84 | -3.6% |
| 2022 | $72.18 | -13.9% |
| 2023 | $74.06 | +2.6% |
| 2024 | $73.61 | -0.6% |
| 2025 | $74.79 | +1.6% |
| Year | Yield |
|---|---|
| 2016 | 2.10% |
| 2017 | 2.10% |
| 2018 | 2.30% |
| 2019 | 2.60% |
| 2020 | 2.20% |
| 2021 | 1.40% |
| 2022 | 1.20% |
| 2023 | 2.60% |
| 2024 | 4.10% |
| 2025 | 4.29% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $14B | -- |
| 2017 | $15B | +7.1% |
| 2018 | $16B | +6.7% |
| 2019 | $17B | +6.2% |
| 2020 | $18B | +5.9% |
| 2021 | $19B | +5.6% |
| 2022 | $20B | +5.3% |
| 2023 | $21B | +5.0% |
| 2024 | $23B | +9.5% |
| 2025 | $24B | +4.3% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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