US-listed · NASDAQ · FIF-eligible (above NZ$50K)
Vanguard BND Vanguard Total Bond Market ETF
Tracks the Bloomberg US Aggregate Float Adjusted Index — broad investment-grade US bond exposure (Treasuries, agency MBS, investment-grade corporates).
Updated Reviewed quarterly
About this fund
What is BND?
BND is the US-listed ticker for Vanguard Total Bond Market ETF, issued by Vanguard. Tracks the Bloomberg US Aggregate Float Adjusted Index — broad investment-grade US bond exposure (Treasuries, agency MBS, investment-grade corporates). TER is 0.03% per year, with a trailing 12-month distribution yield of approximately 4.5%. Distributions are paid monthly.
Next typical distribution: August.BND typically pays every month. Most recent verified distribution: US$0.2445 per unit, ex-date 2026-07-01. Issuer sets the exact date — verify on the distribution calendar before relying on a payment date.
Platform availability
Where to buy BND from New Zealand
Based on each platform's advertised market coverage and fee schedule. Verify with the platform before transacting — instrument coverage can change.
| Platform | Per-trade fee | FX | Min | Notes |
|---|---|---|---|---|
 Sharesies Sharesies | 1.9% per trade | 0.5% | NZ$0 | Beginners, fractional shares, mixing NZ + US ETFs |
 Hatch Hatch | US$3 per trade (≤300 shares) | 0.5% | NZ$0 (US$1 to invest) | NZ investors who want US-only ETFs (SPY, VOO, QQQ, SCHD, JEPI) |
 Stake Stake | US$0 trades | 0.70% | NZ$0 | Frequent US-share traders who hate per-trade fees |
 Interactive Brokers Interactive Brokers | From US$0.35 / trade (Tiered) or US$1 flat (Fixed) | ~0.002% (US$2 min) | US$0 | Larger portfolios, frequent traders, multi-market investors |
 Tiger Brokers Tiger Brokers | US$1.99 per US trade | 0.50% | NZ$0 | NZ investors who want NZ + US + Asian markets in one account |
 Jarden Direct Jarden Direct | NZ$29.90 per NZX trade | ~0.40% | NZ$0 | Larger NZX trades and global market access through one NZ broker |
 ASB Securities ASB Securities | NZ$30 per NZX trade | Bank rates (~1%) | NZ$0 (ASB customer) | Existing ASB customers wanting one login for banking + brokerage |
Showing 7 platforms that list this ETF. Full platform comparison: all 11 NZ brokers → · Full coverage matrix: availability matrix →
NZ tax treatment
How is BND taxed for NZ investors?
BND is US-domiciled. NZ investors apply Foreign Investment Fund rules once total overseas-share cost basis crosses the de-minimis threshold. Below it, only dividends are taxable.
The FIF de-minimis threshold is NZ$50,000 (source) of overseas-share cost basis. Below it, FIF rules do not apply and only dividends are taxable.
Most NZ retail investors use Fair Dividend Rate (FDR): deemed income = 5% × opening market value × your marginal rate. Comparative Value (CV) can be lower in flat or down years.
US dividends carry 15% (source) withholding under the NZ–US tax treaty (file W-8BEN; default rate without it is 30% (source) ). The withheld amount can be claimed as a foreign tax credit on your IR3.
FDR vs CV method → · PIE vs FIF comparison →
🧮 Model your own after-tax outcome
Mechanical NZ-tax calculator comparing PIE @ PIR vs FIF @ FDR vs FIF @ CV on your principal, assumed return, time horizon, PIR, and marginal rate. → Open the after-tax calculator
General information only — not personalised tax advice. Confirm your treatment with a registered NZ tax adviser before transacting.
Add up to 4 more tickers to compare TER · yield · distribution · NZ tax structure.
Similar ETFs
ETFs with similar focus to BND
Same asset class, issuer cousins, and exchange peers — ranked by closest match. Click any row to compare side-by-side in the multi-compare tool.
| Ticker | Name | TER | Yield | Distribution | NZ tax | Compare |
|---|---|---|---|---|---|---|
| NZB | NZ Bonds (NZB) Smartshares · NZX | 0.54% | 2.5% | Quarterly | PIE | BND vs NZB |
| NGB | NZ Govt Bonds (NGB) Smartshares · NZX | 0.20% | 3.1% | Quarterly | PIE | BND vs NGB |
| SCHZ | SCHZ Schwab · NYSE Arca | 0.03% | 4.2% | Monthly | FIF | BND vs SCHZ |
| HYG | HYG iShares · NYSE Arca | 0.49% | 6.6% | Monthly | FIF | BND vs HYG |
| SGOV | SGOV iShares · NYSE Arca | 0.09% | 3.5% | Monthly | FIF | BND vs SGOV |
Distribution history
Recent distributions — BND
| Ex-date | Pay date | Per unit (USD) |
|---|---|---|
| 2026-07-01 | 2026-07-06 | US$0.2445 |
| 2026-06-01 | 2026-06-03 | US$0.2473 |
| 2026-05-01 | 2026-05-05 | US$0.2417 |
| 2026-04-01 | 2026-04-06 | US$0.2500 |
| 2026-03-02 | 2026-03-04 | US$0.2278 |
| 2026-02-02 | 2026-02-04 | US$0.2455 |
| 2025-12-18 | 2025-12-22 | US$0.2466 |
| 2025-12-01 | 2025-12-03 | US$0.2386 |
| 2025-11-03 | 2025-11-05 | US$0.2436 |
| 2025-10-01 | 2025-10-03 | US$0.2373 |
| 2025-09-02 | 2025-09-04 | US$0.2428 |
| 2025-08-01 | 2025-08-05 | US$0.2419 |
| 2025-07-01 | 2025-07-03 | US$0.2353 |
| 2025-06-02 | 2025-06-04 | US$0.2403 |
| 2025-05-01 | 2025-05-05 | US$0.2364 |
| 2025-04-01 | 2025-04-03 | US$0.2404 |
| 2025-03-03 | 2025-03-05 | US$0.2195 |
| 2025-02-03 | 2025-02-05 | US$0.2348 |
Dates are the issuer-published record/reinvest dates; under US T+1 settlement these coincide with the ex-date.
Source: Vanguard distribution records, verified 2026-07-05. Amounts are cash distributions per unit before tax — verify against the issuer source before relying on a payment. BND typically distributes every month; next typical month: August.
See /calendar/distributions/ for the rolling 12-month forward calendar across all covered ETFs.
FAQ
Common questions about BND
What is the BND ETF? ⌄
BND is the Vanguard Total Bond Market ETF — it tracks the Bloomberg US Aggregate Float Adjusted Index, holding ~10,000 US investment-grade bonds (Treasuries ~45%, agency mortgage-backed securities ~25%, investment-grade corporate bonds ~25%, other ~5%). TER is 0.03% (one of the lowest of any bond ETF), distributions paid monthly. Yield ~4.5%.
BND vs AGG — what's the difference? ⌄
Both track the Bloomberg US Aggregate Index — the standard "total US bond market" benchmark. BND (Vanguard) and AGG (iShares) have nearly identical TER and holdings. BND is the broader-coverage alternative; AGG has higher liquidity. For NZ buy-and-hold investors the difference is marginal — verify the current TER on each issuer fact sheet.
Can NZ residents buy BND? ⌄
Yes. BND is available via Hatch, Stake, Sharesies (US market), and Interactive Brokers. Above NZ$50,000 cost basis FIF rules apply. Bond ETFs interact with FIF in a particular way: bond returns are typically much smaller than equity returns, so the FDR floor (5% × MV × marginal rate) often produces tax payable that exceeds the actual income — making bond ETFs particularly tax-inefficient under FIF for NZ residents.
BND vs SCHZ vs SGOV — which bond ETF for NZ investors? ⌄
BND = total US investment-grade bond market (mixed duration, mixed credit). SCHZ = US Treasury intermediate (3-10 year duration, no credit risk). SGOV = US Treasury 0-3 month (cash-equivalent). Choice depends on duration view: SGOV for cash-like exposure, SCHZ for moderate duration, BND for broad mixed exposure. All three have the same FIF disadvantage — for NZ residents above NZ$50K cost basis, NZ-domiciled bond funds (where they exist) are structurally cleaner.
Where to buy BND from New Zealand
The platforms below all support BND. Each link opens the platform's site directly — we don't take any payment for placement or for clicks.
Hatch 
Sharesies 
Interactive Brokers 
Stake 
Tiger Brokers Fees + platform details verified against each provider's published rate card. Always check the current schedule before transacting. Full platform comparison →
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Sources for this BND data
Every TER, yield, and holdings figure on this page traces to one of the documents below. We do not pull live prices; the data is reviewed monthly against issuer fact sheets and exchange listings (last reviewed 2026-05-04).
Issuer product page
investor.vanguard.com/investment-products/etfs/profile/bnd
Fact sheet (PDF)
fund-docs.vanguard.com/F0928.pdf
External links open in a new tab. We do not earn commission on issuer product pages. See our methodology + disclosure.
Related ETFs and resources
SCHZ — Schwab Intermediate Treasury
Treasury-only alternative; lower credit risk, similar yield.
SGOV — iShares 0-3 Month Treasury
Cash-equivalent alternative for short-duration exposure.
HYG — iShares High Yield Corp Bond
Higher-yield, higher-credit-risk alternative.
BKLN — Invesco Senior Loan
Floating-rate senior loan exposure.
Best bond ETFs for NZ
Curated comparison of bond options for NZ investors.
