Vanguard said Monday that it cut the expense ratios on several of its bond mutual funds and ETFs in April. These include three of its popular bond ETFs: the Long-Term Bond Index Fund (BLV), theIntermediate-Term Bond Index Fund (BIV) and the Short Term Bond Index Fund (BSV). Each fund saw its price tag change from 11 bps to 10 bps.
The Long-Term Bond Index Fund has $5 billion in AUM as of 3/29/13. The Intermediate-Term Bond Index Fund had an AUM of $4.5 billion as of 3/29/13. The Short Term Bond Index Fund has an AUM of $28.5 billion as of 11/29/12. All AUM are according to Bloomberg data.
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