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.


3.2%

Current Yield

6.5 years

Macaulay Duration

4.6%

Yield to Maturity

Aaa

Median Quality

4.4%

ALTAR Score™
 
Fund Basics
Fund sponsorVanguard Group
CategoryAggregate
Asset classFixed Income
Websitelink...
Inception dateApr 03, 2007
Assets (mns)$105,057
Expense ratio3 bp
Constituent Breakdown
No. of constituents66
No. of distinct issuers53
Coverage93%
Fixed/floating rate97% / 3%
Investment grade99%
Inflation protected0%
Non-standard maturity (callable, etc.)41%
Fund Structure
RegulationOpen-End Investment Company
DistributionsMonthly
Taxation1099
Bond selection
WeightingMarket Cap
Smart-betaNo
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
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 Annual Returns (as of 04/30/2024)
YTD1 YR2 YR3 YR5 YR10 YRIncep.
-3.1% -0.8% -0.5% -3.3% 0.0% 1.2% 2.9%
Market Correlations
versus...BetaR-squared
S&P 5000.2951%
MSCI EAFE0.3359%
MSCI Emg Mkts0.2948%
Liquidity Measures
Avg. volume (000)6,038
Turnover0.0%
Avg. Bid/Ask (% of price)0.01%
ADV of underlying (mns)$0
Technical Indicators
Recent close$71.99
30d moving avg.$71.12
Annualized volatility7.3%
Relative strength (RSI)72
Short interest (ETF)0.3%
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
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
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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

4.4%

Cat. Avg

3.5%

Fund Category: Aggregate

Adj. Yield to Maturity-- bp
Less: Annual "default factor"-- bp
Less: Expenses3 bp
Equals: ALTAR Score™4.4%
ALTAR Score™ vs. Duration (Aggregate Bond ETFs)

 

Market Activity
Latest price
Change
Volume
Bid/Ask Spread
Update
Today's Trading

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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 13.8 50.7
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .