BNDX Bonds — Intl ETF (BNDX)

BNDX Bonds — Intl ETF — analysis

Holding $9.1B in AUM at a 20 bps expense ratio, BNDX sits in the bonds — intl bucket on the ValueMarkers ETF coverage list. The fund tracks Bloomberg US Agg Bond Index and dates back to 2004.

Inside the ETF, the underlying companies' fundamentals stack to a VMCI-Composite of 68/100 on BNDX. The composite is built from the top-10 holdings, weighted by index allocation. The read is above-average composite quality, which is the right anchor when comparing BNDX to peer funds in the bonds — intl category.

On a five-year compound basis, BNDX returned 10.7% per year. Against the 10.0% benchmark print, that's a 0.7-pp above-index annualized result, before tax.

BNDX pays a trailing-twelve-month dividend yield of 4.20%. Distribution growth has compounded at 7.7% per year over the past five years, which sets the carry profile for income-oriented allocators inside the bonds — intl category.

Inside BNDX: top-10 weight 31%, top position AAPL at 3.83%, top sector Technology at 30%. The concentration profile shapes how much of the fund's return is driven by a small set of names.

BNDX's comparable set: SPY, VOO, VTI. Each is a bonds — intl ETF; the relative-value question is whether the 20 bps expense ratio, the 10.7% 5y CAGR, and the 4.20% yield clear the bar against the peer trio.