BND

Vanguard Total Bond Market ETF (BND) invests in a broad array of taxable, investment‑grade U.S. dollar‑denominated fixed‑income securities, including Treasury bonds, investment‑grade corporate bonds, mortgage‑backed securities and asset‑backed securities, all issued in the United States. The fund follows a passive, index‑tracking approach that seeks to replicate the Bloomberg U.S. Aggregate Float Adjusted Index by using optimized sampling to match the benchmark’s duration, credit quality and cash‑flow characteristics. Its holdings span short, intermediate and long maturities, resulting in an intermediate‑duration profile. This ETF is appropriate for investors who want a diversified core exposure to the U.S. investment‑grade bond market, seeking steady income and lower volatility as part of a balanced portfolio.