Vanguard Intermediate-Term Bond Index Fund ETF Shares (NYSE:BIV) focuses on providing broad exposure to U.S. investment-grade bonds. With a strategy that mirrors the performance of the Bloomberg U.S. 5-10 Year Government/Credit Float Adjusted Index, this ETF aims to offer a moderate and stable yield by investing in a diversified portfolio comprising primarily of intermediate-term U.S. government, investment-grade corporate, and some international dollar-denominated bonds. Its objective is to seek a high level of income while maintaining a moderate level of interest rate risk, making it a suitable option for investors seeking steady income with a moderate risk profile. BIV is exclusively listed on the NYSE Arca, ensuring wide accessibility to investors looking to diversify their bond investments.