diff --git a/setup.py b/setup.py
index f5729c64e..00494bcf7 100644
--- a/setup.py
+++ b/setup.py
@@ -61,7 +61,7 @@ def run(self):
 
 setuptools.setup(
     name='gcp_variant_transforms',
-    version='0.4.2',
+    version='0.5.0',
     description=('Tool for transforming and processing VCF files in a '
                  'scalable manner based on Apache Beam'),
     author='Google',