SPDR S&P 500 ETF Trust
Price
$771.10
YTD
+12.85%
Expense
0.09%
Yield
1.25%
BND
BND NYSE
Vanguard Total Bond Market ETF · by Vanguard
Price
$72.54
YTD return
+2.15%
1Y return
5.80%
Expense ratio
0.03%
Dividend yield
4.25%
AUM
$110B
Vanguard Total Bond Market ETF provides broad exposure to U.S. investment-grade bonds. A core fixed-income holding that includes government, corporate, and mortgage-backed securities.
What is BND?
Vanguard Total Bond Market ETF (BND) provides exposure to the entire U.S. investment-grade bond market, including Treasury, government agency, corporate, and mortgage-backed securities. With over $100 billion in assets, it's the largest bond ETF available.
Bond Sector Allocation
- U.S. Treasury: 42.5%
- Government Mortgage-Backed: 21.8%
- Investment-Grade Corporate: 18.2%
- Government Related: 8.5%
- Foreign Government (USD): 5.2%
- Asset-Backed: 2.5%
- CMBS: 1.3%
Credit Quality Distribution
- AAA: 68.5%
- AA: 3.2%
- A: 12.8%
- BBB: 15.5%
Duration and Interest Rate Sensitivity
BND has an effective duration of approximately 6.2 years, meaning a 1% rise in interest rates would cause roughly a 6.2% decline in price. During rising rate environments, BND's total return can be negative even with coupon income.
BND in Portfolio Construction
BND serves as the bond component in the classic three-fund portfolio (VTI + VXUS + BND). It provides portfolio stability and income, reducing overall volatility during equity bear markets.
Top holdings
Every holding links to its own page with a live price and the full list of funds that own it.
| # | Holding | Ticker | Sector | Weight | Price |
|---|---|---|---|---|---|
| 1 | FNMA 4.0% MBS | FNMA | Mortgage-Backed | 2.80% | — |
| 2 | U.S. Treasury 2.875% 2032 | UST | Government | 2.50% | — |
| 3 | GNMA 3.5% MBS | GNMA | Mortgage-Backed | 2.20% | — |
| 4 | Apple Inc. | AAPL | Technology | 0.80% | $314.58 0.36% |
| 5 | Microsoft Corp. | MSFT | Technology | 0.60% | $505.06 1.75% |
| 6 | JPMorgan Chase | JPM | Financials | 0.50% | $354.22 -0.64% |
| 7 | Bank of America 3.5% 2028 | BAC | Corporate | 0.40% | $61.17 -1.70% |
Frequently asked questions
Is BND good for retirees?
BND is an excellent choice for retirees seeking stable income and capital preservation. It provides broad bond market exposure with minimal credit risk.
What is BND's yield?
BND currently yields approximately 4.2%, which is distributed monthly.
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Community
BND discussion
Questions on fair value, cost, dividends and risk — answered with the fund data on this page.
What is the fair value of BND in 2026?
BND price prediction 2026: what actually drives it?
Does BND pay a dividend, and how reliable is the yield?
Is BND a good long-term hold, or too concentrated?
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