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Vanguard Bond ETFs Start Trading

All four are separate classes of diversified fixed-income index funds.
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Vanguard's

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

The

Total Bond Market ETF

(BND) - Get Vanguard Total Bond Market ETF Report

,

Short-Term Bond ETF

(BSV) - Get Vanguard Short-Term Bond ETF Report

,

Intermediate-Term Bond ETF

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(BIV) - Get Vanguard Intermediate-Term Bond ETF Report

and

Long-Term Bond ETF

(BLV) - Get Vanguard Long-Term Bond ETF Report

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.