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
375.0 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) | $0 |
| 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
| MKTLIQ 12/31/2049 | 0.6 % |
| U.S. TREASURY NOTES | 0.6 % |
| U.S. TREASURY NOTES | 0.4 % |
| U.S. TREASURY NOTES | 0.4 % |
| U.S. TREASURY NOTES | 0.4 % |
| U.S. TREASURY NOTES | 0.4 % |
| U.S. TREASURY NOTES | 0.4 % |
| U.S. TREASURY NOTES | 0.4 % |
| U.S. TREASURY NOTES | 0.4 % |
| U.S. TREASURY NOTES | 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 11/30/2025)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | 4.0% | 1.6% | 2.3% | 0.9% | -3.3% | -0.8% | -- | 0.0% |
| Dividend Yield | 3.4% | 4.0% | 3.9% | 3.6% | 2.9% | 2.8% | -- | 3.2% |
| Total Returns | 7.4% | 5.6% | 6.2% | 4.5% | -0.4% | 2.0% | -- | 3.1% | Ann. Volatility | 4.6% | 4.6% | 5.2% | 6.0% | 6.0% | 5.5% | -- | 5.2% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.03 | 1% |
| MSCI EAFE | 0.06 | 5% |
| MSCI Emg Mkts | 0.02 | 1% |
Liquidity Measures
| Avg. volume (000) | 7,402 |
| ADV traded (mns) | $550 |
| Turnover | 0.2% |
| Avg. Bid/Ask (% of price) | 0.01% |
Technical Indicators
| 30d moving avg. (EMA) | $74.43 |
| Relative strength (RSI) | 59 |
| MACD/Signal | 0.11/0.06 |
| Bollinger Bands (Upper/Lower) | $74.85/$73.96 |
| Short interest (% of AUM) | 0.3% |
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™
3.7%
Cat. Avg
2.7%
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)