|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||88.05 - 88.26|
|52 Week Range||84.64 - 90.04|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.07%|
Fund giant Vanguard Group unveiled plans Tuesday for a total-market corporate bond ETF that would offer the lowest expense ratio on the market.
Vanguard announced Tuesday that it will launch a brand new exchange-traded fund -- Vanguard Total Corporate Bond -- in the December-end quarter of this year. The asset management juggernaut continues to dominate the bond game with its Fixed Income Group managing $1.2 trillion of both active and index assets of which $350 billion is in corporate bonds. Its popular Total Bond Market II Index fund saw net inflows of $28.9 billion over the past 12 months, and its Vanguard Total International Bond Index fund, some $26 billion in fresh cash.
VALLEY FORGE, Pa., Aug. 22, 2017 /PRNewswire/ -- Vanguard today filed a preliminary registration statement with the Securities and Exchange Commission for a new index portfolio, Vanguard Total Corporate Bond ETF. The ETF is expected to launch in the fourth quarter and will offer investors access to the entire U.S. investment-grade corporate bond market through a single fund. "The new offering complements our existing lineup of total market funds and will provide investors with low-cost, broadly diversified exposure to the U.S. investment-grade corporate bond market," said John Hollyer, global head of Vanguard Fixed Income Group.