first four fixed-income exchange-traded funds began trading on the American Stock Exchange Tuesday.
Total Bond Market ETF
Short-Term Bond ETF
Intermediate-Term Bond ETF
Long-Term Bond ETF
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