Vanguard announced the launch of Vanguard Core-Plus Bond Index ETF, a new fixed income offering designed to deliver broad, diversified exposure to the U.S. taxable bond market.
The new ETF seeks to track the Bloomberg U.S. Universal Float Adjusted Index, a market-value weighted benchmark that includes U.S. government, investment-grade corporate, securitized, high-yield corporate, and emerging market debt. With an estimated expense ratio of just 0.05%, BNDP is the lowest-cost ETF in its category, offering a compelling alternative to peers.
BNDP is well-suited for cost-conscious investors—both individual and institutional—who want diversified fixed income exposure with a tilt toward higher yield opportunities.