Overview
Vanguard's total bond market fund covering 10,000+ US investment-grade bonds. Nearly identical to AGG in composition and performance.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| US TREAS | US Treasury Notes | 42.2% |
| AGENCY MBS | Agency Mortgage-Backed | 20.8% |
| CORP IG | Investment Grade Corps | 20.4% |
| TIPS | Treasury Inflation-Prot. | 8.1% |
| AGENCY | Government Agency | 8.5% |
Fund Details
Investment Thesis
BND is Vanguard's answer to total US bond market exposure at rock-bottom cost. Covering over 10,000 investment-grade bonds, it is virtually indistinguishable from AGG in outcome. Vanguard's at-cost structure and massive scale ensure BND consistently delivers one of the lowest total costs of ownership in fixed income investing.
Who It's For
Vanguard investors and those building a simple two or three-fund portfolio who want comprehensive US bond market exposure at near-zero cost. BND pairs perfectly with VTI and VXUS to construct a complete global portfolio. Ideal for tax-advantaged accounts and long-term investors focused on minimizing fees.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $81.82 | -- |
| 2017 | $83.42 | +2.0% |
| 2018 | $78.18 | -6.3% |
| 2019 | $84.82 | +8.5% |
| 2020 | $88.18 | +4.0% |
| 2021 | $85.82 | -2.7% |
| 2022 | $71.18 | -17.1% |
| 2023 | $71.42 | +0.3% |
| 2024 | $72.18 | +1.1% |
| 2025 | $74.42 | +3.1% |
| Year | Yield |
|---|---|
| 2016 | 2.38% |
| 2017 | 2.14% |
| 2018 | 2.48% |
| 2019 | 2.24% |
| 2020 | 1.98% |
| 2021 | 1.78% |
| 2022 | 2.48% |
| 2023 | 3.22% |
| 2024 | 3.78% |
| 2025 | 4.02% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $72B | -- |
| 2017 | $84B | +16.7% |
| 2018 | $86B | +2.4% |
| 2019 | $100B | +16.3% |
| 2020 | $132B | +32.0% |
| 2021 | $148B | +12.1% |
| 2022 | $112B | -24.3% |
| 2023 | $128B | +14.3% |
| 2024 | $148B | +15.6% |
| 2025 | $160B | +8.1% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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