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 sponsorVanguard Group
CategoryAggregate
Asset classFixed Income
Websitelink...
Inception dateApr 03, 2007
Assets (mns)$326,359
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 Performance (as of 09/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
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...BetaR-squared
S&P 5000.3050%
MSCI EAFE0.3359%
MSCI Emg Mkts0.3354%
Liquidity Measures
Avg. volume (000)6,541
Turnover0.0%
Avg. Bid/Ask (% of price)0.01%
ADV of underlying (mns)$0
Technical Indicators
Recent close$74.15
30d moving avg.$75.10
Annualized volatility7.6%
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
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
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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: Expenses3 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 .