Vanguard Total Bond Market ETF

The Vanguard Total Bond Market ETF (BND) is an exchange-traded fund managed by Vanguard that provides broad exposure to the US market for investment-grade, dollar-denominated fixed income securities. The fund aims to track the Bloomberg U.S. Aggregate Float Adjusted Index and trades on Nasdaq under the ticker BND.

The index covers US Treasury bonds, debt securities of government-related entities, investment-grade corporate bonds, and mortgage-backed and asset-backed securities. The fund is passively managed but uses a sampling approach rather than holding every bond in the index individually; it tries to keep key characteristics such as maturity, credit quality and cash flow close to the index. BND is the exchange-traded share class of the Vanguard Total Bond Market Index Fund.

The value of bond funds moves in the opposite direction to interest rates; inflation data, Fed policy and credit spreads are the themes watched for this fund. The trading price on the exchange may diverge slightly from the fund's net asset value (NAV) during the day. The BND page on Lzzo.com features the price in dollars, conversion into Turkish lira, euros or pounds sterling, a historical chart, technical indicators, the data source and the time of the last update.