Yes, I will get right on investing in this...
(media.kotakuinaction2.win)
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Not as bad as some funds but nearly 4x higher than BND (Vanguard Total Bond Market ETF). Which I suspect is the real reason these things are being developed: there's too much ER pressure and competition in the "Total Market" index funds market, so they have to come up with all these unique indices to make more money.