Based on its fund description, BNDX tracks the performance of the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index. As mentioned, developed markets comprise the majority of the exposure, but EM bonds do get just over a 7% weighted exposure (as of October 31). Like the majority of Vanguard's full roster of fixed income ETFs, it features a low expense ratio of 0.07% or $7 per every $10,000 invested. Of course, those who don't mind the risk premium to get more yield should look at a fund that ...

Joseph Jones is a professor at The University of Southern Mississippi. He focuses on portfolio construction from a dividend growth investment perspective. The insights expressed in his research are solely his own; they may not represent the views or financial interests of his employer.Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expres ...