BNDW – Vanguard Total World Bond ETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the performance of the Bloomberg Global Aggregate Float Adjusted Composite Index that measures the investment return of investment-grade U.S. bonds and investment-grade non-U.S. dollar-denominated bonds. The fund is a fund of funds and employs an indexing investment approach designed to track the performance of the index, which is a custom, USD-hedged index designed to track the market capitalized weights of the global investment-grade bond market and is comprised of the Bloomberg U.S. Aggregate Float Adjusted Index and the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
BNDW	Vanguard Total World Bond ETF	ETF	Open	—		Sep 4, 2018	—	0.050%	—	—	—
BNDW	Vanguard Total World Bond ETF	ETF	Open			Sep 4, 2018	$1.90B	0.050%	—	—	$519.17M

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