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Launched · SEC filings

Vanguard Total Bond Market ETF

BNDNasdaqVanguardA

$71.33+0.03 (+0.04%)

At close: Nov 2, 2026, 4:00 PM ET

A85/ 100

Rank 5 of 116 in US Aggregate Bond

A85/100Rank 5 of 116inUS Aggregate Bond
Intraday session: up, 79 prints from 71.30 to 71.33. Range 71.30 to 71.49. Use the arrow keys to read each point.71.4071.4510 AM12 PM2 PM4 PM
Expense ratio
0.03%
Fund size · all share classes
$389B
1Y total return
−0.1%
Yield · Last 12 months
4.11%
Holdings
16273
Avg volume · 30D
9.43M sh
52W range
low $69.65high $75.23
Launched
Filings
SEC EDGAR

The ETF.net BND Grade

A

Score 85 out of 100

Category
US Aggregate Bond⁠
Rank
5 of 116
Six-pillar profile for BND. Scores out of 100: Cost 97, Risk 47, Mission 100, Tradability 78, Holdings 79, Durability 96. Strongest: Mission (100). Weakest: Risk (47). No single pillar leads.

Score 85 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    A97 out of 100
    Rank 1 of 115

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 100

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C47 out of 100
    Rank 55 of 116

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    A78 out of 100
    Rank 12 of 116

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A79 out of 100
    Rank 13 of 115

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    A96 out of 100
    Rank 1 of 116

Our read on BND

ETF.net Research

In short

AThe whole taxable US investment-grade bond market in one ticker for three basis points. Vanguard's core bond workhorse since 2007, now a $100B-plus fund and the thing most people picture when they say 'bond fund.'

Stated mandate

The fund seeks to track a broad U.S. investment-grade bond benchmark. It uses passive sampling to provide diversified exposure to taxable, U.S. dollar-denominated bonds.

Why people hold it

  • Charges 0.03%, roughly a tenth of the typical core bond ETF's fee. Nothing in the category charges less; SPAB and SCHZ tie it, and even Vanguard's own VCRB on the same benchmark costs more.
  • Tracks the Bloomberg U.S. Aggregate Float Adjusted Index about as tightly as the data allows, and trades heavily enough that spreads rarely become the story.
  • Pays monthly, runs over $100B, and has been operating since 2007. One of the most durable implementations in the core bond group.

Worth knowing

  • This is a bond index fund, not a cash sleeve. Prices move opposite interest rates, and the broad Aggregate carries real duration risk.
  • Taxable, US dollar, investment grade only. No high yield, no municipals, no non-US bonds, so income comes from the safer end of the credit ladder.
  • It samples the index rather than owning every bond in it, so holdings track the benchmark's shape instead of replicating it line for line.

BND Holdings

Holdings pillarA79 out of 100Rank 13 of 115 in US Aggregate Bond
Asset class
Bonds
Holdings
16,273
Top-10 weight
5%
Largest holding
Mktliq 12/31/20490.9%

Geography

  • United States93.26%
  • Supranational1.43%
  • Canada1.08%
  • United Kingdom0.93%
  • Japan0.54%
  • Germany0.37%
  • Mexico0.34%
  • Australia0.18%
  • Other countries (27)1.87%
The fund’s holdings, weight-ordered — page 1 of 1085.
#TickerCompanyWeight %SharesMarket valueHeld by ETFs
1No dataMktliq 12/31/20490.92%35,629,424$3.56B107
2No dataUnited States Treasury Note/Bond 4.25% 11/15/20340.41%17,220,380$1.61B15
3No dataUnited States Treasury Note/Bond 4.38% 05/15/20340.41%16,817,900$1.59B14
4No dataUnited States Treasury Note/Bond 4.63% 02/15/20350.41%16,526,921$1.58B14
5No dataUnited States Treasury Note/Bond 3.88% 08/15/20340.41%17,267,610$1.58B15
6No dataUnited States Treasury Note/Bond 3.50% 01/31/20280.40%15,990,677$1.57B16
7No dataUnited States Treasury Note/Bond 4.00% 02/15/20340.40%16,896,180$1.57B13
8No dataUnited States Treasury Note/Bond 4.13% 02/15/20360.39%16,659,960$1.53B16
9No dataUnited States Treasury Note/Bond 4.25% 08/15/20350.38%15,935,287$1.48B13
10No dataUnited States Treasury Note/Bond 4.50% 11/15/20330.38%15,381,298$1.48B13
11No dataUnited States Treasury Note/Bond 4.25% 05/15/20350.36%14,903,682$1.39B12
12No dataUnited States Treasury Note/Bond 3.88% 08/15/20330.36%14,977,080$1.39B9
13No dataUnited States Treasury Note/Bond 4.00% 02/28/20300.35%14,094,213$1.37B14
14No dataUnited States Treasury Note/Bond 4.63% 08/15/20360.35%14,262,570$1.36B37
15No dataUnited States Treasury Note/Bond 2.88% 05/15/20320.35%15,146,058$1.35B13

Showing 1–15 of 16273 holdings

BND Performance

Launched Apr 3, 2007

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

BND$9,988
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. BND $9,988. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BND. Periods over one year show the average yearly return.
PeriodBND
Year to date−0.4%
1 month+2.4%
3 months+0.1%
1 year−0.1%
3 yearsper year+5.4%
5 yearsper year−0.2%
10 yearsper year+1.4%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BND
YearReturn barBND
2026 YTD−0.4%
2025+7.1%
2024+1.4%
2023+5.7%

BND in the news

BND Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
4.11%Last 12 months
Payout per share
$2.94Last 12 months
Last payment
$0.25 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution history

2023–2026

One bar per payment. 45 payments from 2023 to 2026 YTD. Feb 1, 2023 $0.18; Mar 1, 2023 $0.16; Apr 3, 2023 $0.18; May 1, 2023 $0.18; Jun 1, 2023 $0.19; Jul 3, 2023 $0.18; Aug 1, 2023 $0.19; Sep 1, 2023 $0.20; Oct 2, 2023 $0.19; Nov 1, 2023 $0.20; Dec 1, 2023 $0.20; Dec 22, 2023 $0.21; Feb 1, 2024 $0.21; Mar 1, 2024 $0.20; Apr 1, 2024 $0.22; May 1, 2024 $0.21; Jun 3, 2024 $0.22; Jul 1, 2024 $0.22; Aug 1, 2024 $0.22; Sep 3, 2024 $0.23; Oct 1, 2024 $0.22; Nov 1, 2024 $0.23; Dec 2, 2024 $0.22; Dec 24, 2024 $0.23; Feb 3, 2025 $0.23; Mar 3, 2025 $0.22; Apr 1, 2025 $0.24; May 1, 2025 $0.24; Jun 2, 2025 $0.24; Jul 1, 2025 $0.24; Aug 1, 2025 $0.24; Sep 2, 2025 $0.24; Oct 1, 2025 $0.24; Nov 3, 2025 $0.24; Dec 1, 2025 $0.24; Dec 18, 2025 $0.25; Feb 2, 2026 $0.25; Mar 2, 2026 $0.23; Apr 1, 2026 $0.25; May 1, 2026 $0.24; Jun 1, 2026 $0.25; Jul 1, 2026 $0.24; Aug 3, 2026 $0.25; Sep 1, 2026 $0.25; Oct 1, 2026 $0.25. Use the arrow keys to read each point.2023202420252026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 4, 2026$0.26
Oct 1, 2026Oct 5, 2026$0.25
Sep 1, 2026Sep 3, 2026$0.25
Aug 3, 2026Aug 5, 2026$0.25
Jul 1, 2026Jul 6, 2026$0.24
Jun 1, 2026Jun 3, 2026$0.25
May 1, 2026May 5, 2026$0.24
Apr 1, 2026Apr 6, 2026$0.25
Mar 2, 2026Mar 4, 2026$0.23
Feb 2, 2026Feb 4, 2026$0.25
Dec 18, 2025Dec 22, 2025$0.25
Dec 1, 2025Dec 3, 2025$0.24

See all 238 payments⁠

$10,000 in BND 10 years ago paid $2,729 in dividends.⁠

BND Risk

Risk pillarC47 out of 100Rank 55 of 116 in US Aggregate Bond
How much the fund’s monthly returns vary, scaled to a year.
5.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.17
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−17.5%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.99
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

BND Cost

Compare BND and BKAG

Overpaying vs BKAG, cheapest in US Aggregate Bond

$638

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • BND 0.03%

    $638

  • BKAG 0.00% Cheapest

    $0

$10,000
30 years

Cost over time

  • BND 0.03%
  • BKAG 0.00%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$200$400$600$800051015202530BND $638BKAG $0

Year by year

YearBNDBKAGOverpaying
10$55$0$55
20$216$0$216
30$638$0$638

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