BNDX

The Vanguard Total International Bond Index Fund ETF (BNDX) invests in a broad range of non‑U.S. investment‑grade fixed‑income securities, including sovereign, agency, corporate and securitized bonds from both developed and emerging market governments and issuers. Its strategy is to track the performance of a globally diversified international bond index while employing a U.S.‑dollar currency‑hedge to reduce the impact of foreign‑exchange fluctuations. The fund provides exposure across multiple sectors of the global bond market, with holdings spread across Europe, Asia, the Pacific, and other regions outside the United States. It is well‑suited for investors who want to add diversified, income‑focused international bond exposure to a portfolio and who prefer limited currency risk relative to unhedged foreign‑bond investments.