Vanguard Total Bond Market ETF
BND
NASDAQ Global Market- -
USD
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- -
Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Apr 10, 2007
- CIK
- 0000794105
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Total Bond Market Index Fund (BND) is an exchange-traded fund managed by The Vanguard Group Inc that seeks to track the performance of the Bloomberg U.S. Aggregate Float Adjusted Index. The fund provides broad exposure to the U.S. investment-grade bond market, including government bonds, corporate bonds, mortgage-backed securities, and asset-backed securities; it holds over 10,000 individual bonds with maturities ranging from short-term to more than 30 years and an average effective duration of approximately six years. BND offers investors low-cost, passive access to a diversified fixed-income portfolio with a focus on intermediate-term bonds, featuring a net expense ratio of 0.03% and daily liquidity on major exchanges. Headquartered in Malvern, Pennsylvania, the fund operates under The Vanguard Group, founded in 1975, and serves institutional and retail investors worldwide through Vanguard's global platform spanning the United States, Europe, Asia-Pacific, and other regions. Core holdings encompass U.S. Treasury securities (about 40% allocation), agency mortgage-backed securities (primarily from Fannie Mae, Freddie Mac, and Ginnie Mae), investment-grade corporate debt across sectors such as financials, industrials, and utilities, and a smaller portion in supranational and foreign bonds. The fund maintains a high credit quality profile, with roughly 70% rated AAA/AA and the remainder mostly A or BBB, targeting conservative income generation and capital preservation amid interest rate fluctuations. In recent developments as of late 2025, BND benefited from Vanguard's strategic enhancements to its fixed-income offerings, including the launch of actively managed bond ETFs complementing passive index funds like BND to address evolving yield curve dynamics. Vanguard announced expansions in ESG-integrated bond strategies and increased allocations to short-duration securities in response to Federal Reserve rate adjustments, alongside a key partnership with Bloomberg to refine index methodologies for better liquidity tracking. No major reorganizations or name changes occurred, but the fund saw robust inflows exceeding $20 billion over the past year, reflecting sustained investor demand amid economic uncertainty.