BND
Vanguard Total Bond Market ETF
Vanguard Total Bond Market ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Barclays Capital Aggregate Bond Index, which measures a wide spectrum of public, investment-grade, taxable, fixed income securities in the U.S.
Aggregate
FIXED INCOME
Passive
MANAGEMENT STYLE
326.4 B
ASSETS UNDER MGMT
3 bp
EXPENSES
Fund Basics
Fund sponsor | Vanguard Group |
Category | Aggregate |
Asset class | Fixed Income |
Website | link... |
Inception date | Apr 03, 2007 |
Assets (mns) | $326,359 |
Expense ratio | 3 bp |
Constituent Breakdown
No. of constituents | 66 |
No. of distinct issuers | 53 |
Coverage | 93% |
Fixed/floating rate | 97% / 3% |
Investment grade | 99% |
Inflation protected | 0% |
Non-standard maturity (callable, etc.) | 41% |
Fund Structure
Regulation | Open-End Investment Company |
Distributions | Monthly |
Taxation | 1099 |
Bond selection | |
Weighting | Market Cap |
Smart-beta | No |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
U.S. TREASURY NOTES 0.75% 30-APR-2026 | 0.6 % |
U.S. TREASURY NOTES 4.125% 15-NOV-2032 | 0.6 % |
U.S. TREASURY NOTES 1.375% 15-NOV-2031 | 0.5 % |
U.S. TREASURY NOTES 2.0% 15-AUG-2025 | 0.5 % |
U.S. TREASURY NOTES 0.875% 15-NOV-2030 | 0.5 % |
U.S. TREASURY NOTES 1.25% 30-APR-2028 | 0.5 % |
U.S. TREASURY NOTES 1.875% 15-FEB-2032 | 0.5 % |
U.S. TREASURY NOTES 2.75% 15-AUG-2032 | 0.5 % |
U.S. TREASURY NOTES 2.0% 31-MAY-2024 | 0.4 % |
U.S. TREASURY NOTES 1.25% 15-AUG-2031 | 0.4 % |
Issuer Type Breakdown
Top Issuers
U.S. TREASURY | 39.8 % |
FANNIE MAE | 6.9 % |
FREDDIE MAC | 5.0 % |
GINNIE MAE | 4.9 % |
COLOMBIA (REPUBLIC OF) | 1.8 % |
Historical Performance
Standardized Performance (as of 09/30/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
---|---|---|---|---|---|---|---|
Total Returns | 4.6% | 11.8% | 6.3% | -1.2% | 0.5% | 1.9% | 3.2% | Volatility | 5.8% | 6.6% | 7.4% | 6.8% | 6.9% | 5.3% | -- |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.30 | 50% |
MSCI EAFE | 0.33 | 59% |
MSCI Emg Mkts | 0.33 | 54% |
Liquidity Measures
Avg. volume (000) | 6,541 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.01% |
ADV of underlying (mns) | $0 |
Technical Indicators
Recent close | $74.15 |
30d moving avg. | $75.10 |
Annualized volatility | 7.6% |
Relative strength (RSI) | 57 |
Short interest (ETF) | 0.2% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Credit Quality
Duration
Macaulay Duration
Modified Duration
SHORT
MED.
LONG TERM
6.5 yrs
Modified Duration
◁ INSENSITIVE
EXTREMELY SENSITIVE ▷
6.4%
ⓘ Our analysis shows this fund is likely to be moderately sensitive to changes in interest rates
Interest Rate Sensitivity Analysis
Change in YTM |
New YTM |
Est. Price Change |
New Price |
---|---|---|---|
+300 bp | --% | --% | $-- |
+200 bp | --% | --% | $-- |
+150 bp | --% | --% | $-- |
+100 bp | --% | --% | $-- |
+75 bp | --% | --% | $-- |
+50 bp | --% | --% | $-- |
+25 bp | --% | --% | $-- |
0 bp | --% | --% | $-- |
-25 bp | --% | --% | $-- |
-50 bp | --% | --% | $-- |
-75 bp | --% | --% | $-- |
-100 bp | --% | --% | $-- |
-150 bp | --% | --% | $-- |
-200 bp | --% | --% | $-- |
- 300bp | --% | --% | $-- |
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Yields
Disposition of YTM
Distribution Yield (Trailing 12 Months)
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ETF Research Center Fund Rating
The ALTAR Score™ is our measure of an ETF's overall investment merit. For fixed income funds, the Score is an estimate of risk-adjusted yield to maturity (calculation shown below). In effecient markets, the plot of ALTAR Scores™ vs. Duration should resemble the familiar yield curve. Funds that sit above the curve may offer better risk-adjusted returns than those that sit below the curve.
ALTAR Score™
BND
3.7%
Cat. Avg
2.8%
Fund Category: Aggregate
Adj. Yield to Maturity | -- bp |
Less: Annual "default factor" | -- bp |
Less: Expenses | 3 bp |
Equals: ALTAR Score™ | 3.7% |
ALTAR Score™ vs. Duration (Aggregate Bond ETFs)
Expense Analysis
Peer Group | Passive Aggregate Fixed Income ETFs |
# of ETFs | 16 |
Avg. Expense Ratio | 6.8 bp |
Std. Deviation | 5.7 bp |
BND (3 bp) Percentile rank | 25 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
BND | 3.0 | 1.4 | 4.4 |
Peer Avg. | 36.9 | 12.9 | 49.8 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .