Vanguard Short Duration Bond ETF (VSDB)

Vanguard Short Duration Bond ETF (VSDB) is an actively managed exchange-traded fund that invests in a diversified portfolio of short-term, primarily investment-grade bonds. Its holdings can include U.S. Treasury and agency securities, corporate bonds and securitized debt.

By keeping the portfolio's duration short, the fund aims to provide current income with limited sensitivity to changes in interest rates. Vanguard's fixed income managers make active decisions on sector allocation, credit quality and security selection. Its holdings are diversified across many issuers and sectors, and the managers can shift exposure among government, corporate and securitized debt as relative value changes. The fund is designed for investors seeking higher income than money market instruments with relatively stable share prices.

The fund is managed by The Vanguard Group, headquartered in Malvern, Pennsylvania.