Key stats
About VANGUARD CHARLOTTE FUNDS TOTAL INTERNATIONAL BOND INDEX ETF
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Inception date
Jun 4, 2013
Structure
Open-Ended Fund
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Ordinary income
Primary advisor
The Vanguard Group, Inc.
Distributor
Vanguard Marketing Corp.
BNDX offers broad market-like exposure to investment-grade bonds denominated in foreign currencies, hedged against currency fluctuations for US investors. A majority of the fund`s investments are in sovereign bonds with AA rating or better. BNDX`s basket roughly resembles our segment benchmark, though returns differ due to the ETF`s currency hedge and to differing mixes of sovereign and local authority bonds. The fund limits the impact of non-U.S. currency fluctuations on performance through the use of non-deliverable forward contracts. Transparency remains a concern, as Vanguard only publishes holdings on a monthly basis. Still, BNDX comes at a low cost, and is the largest and most liquid fund in its segment (newer entrants from iShares and State Street track a very similar index).
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Government
Corporate
Stocks0.04%
Finance0.02%
Utilities0.02%
Communications0.00%
Bonds, Cash & Other99.96%
Government74.39%
Corporate23.23%
Cash1.99%
Agency0.29%
Securitized0.04%
Municipal0.01%
Top 10 holdings
Dividends
Dividend payout history