Vanguard Total International Bond ETF

Vanguard Total International Bond ETF seeks to track the performance of the Barclays Capital Global Aggregate ex-USD Float-Adjusted Index, which measures the investment return of investment-grade bonds issued outside the United States. The Fund provides a convenient way to get broad exposure to non-US dollar denominated investment-grade bonds through passively managed index sampling. BNDX offers a broad and diversified portfolio for a low fee, while hedging its currency risk. It also employs hedging strategies to protect against uncertainty in exchange rates.