Vanguard has filed an preliminary registration statement with the U.S. Securities and Exchange Commission for the proposed launch of Vanguard Ultra-Quick Bond ETF for the duration of the 2nd quarter of 2021. The new ETF will serve as a reduced-cost, diversified solution for traders trying to find existing money and limited rate volatility.
The actively managed ETF will be independent from but have a identical strategy to that of the $16. billion Vanguard Ultra-Quick-Time period Bond Fund (Trader Shares: VUBFX Admiral™ Shares: VUSFX) and will be managed by the same portfolio administration staff as the mutual fund. It will have an approximated cost ratio of .ten%, in comparison with the ordinary cost ratio for extremely-short-expression bond ETFs of .22%.*
Like the present Ultra-Quick-Time period Bond Fund, the Ultra-Quick Bond ETF will spend in a diversified portfolio of significant-high quality and, to a lesser extent, medium-high quality set money securities, such