Vanguard Total Bond Market ETF BND

BND holds over 10000 US investment-grade bonds including Treasuries, corporate bonds, and mortgage-backed securities. Expense ratio 0.03 percent. It is the cornerstone of the classic 60/40 portfolio strategy generating approximately 8.7 percent average annual returns over 50 years with lower volatility than 100 percent equity portfolios. During the 2022 rate hike cycle BND fell 13 percent. Best for investors within 10 to 15 years of retirement who need to reduce sequence-of-returns risk.