(BNDX) Vanguard Total International Bond ETF

Vanguard Total International Bond ETF seeks to track the performance of a benchmark index that measures the investment return of investment-grade bonds issued outside of the United States.

• Seeks to track the performance of the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (Hedged).
• Employs hedging strategies that seek to mitigate uncertainty in exchange rates.
• Passively managed, using index sampling.
• Fund remains fully invested.
• Broad exposure across major bond markets outside of the United States.
• Low expenses minimize net tracking error.

With respect to 75% of its total assets, the fund may not: (1) purchase more than 10% of the outstanding voting securities of any one issuer or (2) purchase securities of any issuer if, as a result, more than 5% of the fund’s total assets would be invested in that issuer’s securities; except as may be necessary to approximate the composition of its target index. This limitation does not apply to obligations of the U.S. government or its agencies or instrumentalities.