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"The actively managed ETF will be separate from but have a similar strategy to that of the $16.0 billion Vanguard Ultra-Short-Term Bond Fund (Investor Shares: VUBFX; Admiral™ Shares: VUSFX) and will be managed by the same portfolio management team as the mutual fund."
"The ETF will use the same benchmark as the mutual fund, the Bloomberg Barclays U.S. Treasury Bellwethers: 1 Year Index. It will target the same average duration — approximately 1 year."
I use VUSFX in lieu of cash. The expense ratio for this new ETF is estimated to be identical to VUSFX. For all intents and purpose, it appears that the two funds will be very similar. Since Vanguard states: "The actively managed ETF will be separate from...", the ETF will not be linked to the mutual fund. I don't know if Vanguard's patent for a mutual fund/ETF hybrid applies to actively managed funds.
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https://www.prnewswire.com/news-releases/vanguard-announces-plans-to-launch-ultra-short-bond-etf-301211134.html
https://investornews.vanguard/vanguard-plans-to-add-ultra-short-bond-etf-to-lineup/
"The actively managed ETF will be separate from but have a similar strategy to that of the $16.0 billion Vanguard Ultra-Short-Term Bond Fund (Investor Shares: VUBFX; Admiral™ Shares: VUSFX) and will be managed by the same portfolio management team as the mutual fund."
"The ETF will use the same benchmark as the mutual fund, the Bloomberg Barclays U.S. Treasury Bellwethers: 1 Year Index. It will target the same average duration — approximately 1 year."
I use VUSFX in lieu of cash.
The expense ratio for this new ETF is estimated to be identical to VUSFX.
For all intents and purpose, it appears that the two funds will be very similar.
Since Vanguard states: "The actively managed ETF will be separate from...",
the ETF will not be linked to the mutual fund.
I don't know if Vanguard's patent for a mutual fund/ETF hybrid applies to actively managed funds.