Vanguard Bond ETFs Start Trading

Vanguard's first four fixed-income exchange-traded funds began trading on the American Stock Exchange Tuesday.

The Total Bond Market ETF (BND Quote), Short-Term Bond ETF (BSV Quote), Intermediate-Term Bond ETF(BIV Quote) and Long-Term Bond ETF (BLV Quote) are structured as a separate share classes of established, broadly diversified bond index funds.

All four of the bond ETFs carry expense ratios of 0.11%.

Vanguard is the nation's second-largest mutual fund manager but is a relatively small player in the ETF industry, with approximately $23 billion in domestic and international stock ETFs.

The company had filed plans for the ETFs with the Securities and Exchange Commission in January.