|Expense Ratio (net)||0.85%|
|Morningstar Risk Rating||★★★★★|
|Last Cap Gain||0.00|
|Inception Date||Jan 13, 1997|
|Average for Category||N/A|
This ETF takes less credit risk than most of its peers, so it offers a lower yield, but its cost advantage gives it a durable edge.
Movement in investment-grade bond yields was driven by aftershocks following the Brexit vote. Last week, investment-grade bond yields fell.
In the week ended June 10, movements in the global government bond market drove investment-grade bond yields. The ten-year Treasury yield fell to its lowest point since May 2013.