Vanguard Long-Term Bond Index is a solid choice for exposure to the long-term investment-grade corporate and government bond market because it is one of the cheapest options available. Under our enhanced ratings framework, which places a greater emphasis on fees, the fund’s cheaper share classes have been upgraded to a Morningstar Analyst Rating of Gold from Silver, while its more expensive share class has been reaffirmed at Silver.
Will VBLLX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VBLLX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VBLLX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VBLLX’s parent organization’s priorities and whether they’re in line with investors’ interests.