A press release titled, "Vanguard Expands Active Bond ETF Suite with Short Duration ETF," which states, "Vanguard ... launched Vanguard Short Duration Bond ETF (VSDB), an active fixed income ETF managed by Vanguard Fixed Income Group. VSDB is designed to provide clients with current income and lower price volatility consistent with short-duration bonds." Sara Devereux, Global Head of Vanguard Fixed Income Group, comments, "The addition of Vanguard Short Duration Bond ETF reaffirms our commitment to meeting the evolving needs of investors who are increasingly seeking active bond solutions through an ETF wrapper. VSDB combines institutional-quality active investment expertise with some of the lowest costs in the industry. VSDB seeks to deliver consistent, reliable returns that when compounded over time, can result in superior long-term outperformance." The release continues, "Vanguard Short Duration Bond ETF offers diversified exposure to primarily short-duration U.S. investment-grade bonds – including structured products exposure, like asset-backed securities – with the flexibility to invest in below investment-grade debt to seek additional yield. The ETF is actively managed, enabling the portfolio managers to seek the best opportunities within their investable universe while remaining highly risk aware. With the launch of VSDB, Vanguard has expanded its actively managed bond ETF portfolio to six, boosting the total number of actively managed products within the lineup to 27." It adds, "Vanguard Short Duration Bond ETF has an expense ratio of 15 bps. This expense ratio matches the lowest in the category, differentiating it relative to major competitors where the active ETF category has an average expense ratio of 39 bps. It will be managed by Arvind Narayanan and Thanh Nguyen, industry veterans each with two decades of experience."