Vanguard today launched the Vanguard Total International Bond Index Fund, which is available in Investor, Admiral, and Institutional shares. The fund’s ETF shares (BNDX) are expected to begin trading on June 4.

The bond fund provides broad exposure to the international fixed income markets and serves as a complement to the firm’s other total market offerings: the $248 billion Total Stock Market Index Fund, the $117 billion Total Bond Market Index Fund, the $95 billion Total International Stock Index Fund, and the $3 billion Total World Stock Index Fund, according to the firm. The fund will track the Barclays Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged),which is made up of some 7,000 investment-grade corporate and government bonds from 52 countries.

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