This weekâ??s ETF Talk features Vanguard Total Bond Market ETF (BND), an exchange-traded fund (ETF) managed by Vanguard, the low-expense-ratio ETF provider. BND is a bond fund that also ranks as one of Vanguardâ??s largest ETFs, with $22.8 billion under management as of Sept. 30. With an expense ratio of only 0.08%, the costs for this fund are 91% lower than the average for similar bond funds.
BND seeks to perform like a broad, market-weighted bond index. To this end, BND tracks the results of an index that represents a wide spectrum of public, investment-grade, taxable, fixed income securities in the United States, including government, corporate and international bonds, in addition to mortgage- and asset-backed securities with maturities greater than one year.
Read more about this Vanguard bond ETF at Eagle Daily Investor.