Vanguard today announced plans to transfer the listing of the $36.7 billion Vanguard Total Bond Market ETF (BND) from NYSE Arca to Nasdaq on or about July 26, 2018. Until that time, Vanguard Total Bond Market ETF will continue to trade on NYSE Arca. Clients should not expect any meaningful impact to their trading experience as a result of the transfer.

By moving BND to Nasdaq, Vanguard aims to achieve certain benefits, including trading and liquidity synergies among its suite of total bond market ETFs. Vanguard recently filed a preliminary registration statement for Vanguard Total World Bond ETF, which will invest primarily in two underlying ETFs: Vanguard Total Bond Market ETF and Vanguard Total International Bond ETF (BNDX). BNDX is currently listed on Nasdaq and it is anticipated that Vanguard Total World Bond ETF will also be listed on Nasdaq.

Vanguard is also seeking diversity in the exchanges on which its ETFs trade. By diversifying Vanguard's ETF lineup across all three major U.S. ETF exchanges, Vanguard seeks to mitigate operational risk and reduce exposure to potential exchange issues. Vanguard's ETF Capital Markets team continually evaluates each product listing and its unique characteristics to select the optimal exchange for new and existing ETFs. Many of the U.S.-domiciled ETFs sponsored by Vanguard remain listed on NYSE Arca as Vanguard continues to consider NYSE Arca a strong listing partner.

A fixed income ETF leader

Vanguard launched its first suite of fixed income ETFs in 2007. Today, the firm is the second largest manager of bond ETFs in the U.S.1, with 17 products and $151.2 billion in assets.

Vanguard has continued to thoughtfully build its U.S. ETF lineup, introducing Vanguard Short-Term Inflation-Protected Securities ETF (VTIP) in 2012; Vanguard Total International Bond ETF (BNDX) and Vanguard Emerging Markets Government Bond ETF (VWOB) in 2013; Vanguard Tax-Exempt Bond ETF (VTEB) in 2015; and Vanguard Total Corporate Bond ETF (VTC) in 2017.

About Vanguard
Vanguard is one of the world's largest investment management companies. As of May 31, 2018, Vanguard managed $5.1 trillion in global assets. The firm, headquartered in Valley Forge, Pennsylvania, offers 397 funds to its more than 20 million investors worldwide. For more information, visit vanguard.com.