Morningstar

Vanguard Long-Term Bond Index Fund Institutional Shares VBLLX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 9.51  /  +0.21 %
  • Total Assets 8.3B
  • Adj. Expense Ratio
    0.030%
  • Expense Ratio 0.040%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Long-Term Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Extensive
  • Min. Initial Investment 5M
  • Status Open
  • TTM Yield 5.27%
  • Effective Duration 12.87 years

USD | NAV as of Oct 02, 2026 | 1-Day Return as of Oct 02, 2026, 12:11 AM GMT+0

Morningstar’s Analysis VBLLX

Will VBLLX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    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.

  • People Pillar

    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.

  • Parent Pillar

    The Parent Pillar is our rating of VBLLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A longer duration adds risk.

Senior Associate Analyst Brendan McCann

Brendan McCann

Senior Associate Analyst

Summary

Vanguard Long-Term Bond favors government bonds and has a longer duration than its Morningstar Category peers. Those traits reduce its yield and increase its risk, so its Process Pillar has been downgraded to Average from Above Average.

by Brendan McCann
Rated on Published on

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Portfolio Holdings VBLLX

More VBLLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 11.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Bonds

1.16 96M
Government

United States Treasury Bonds

1.15 95M
Government

United States Treasury Bonds

1.13 94M
Government

United States Treasury Bonds

1.13 93M
Government

United States Treasury Bonds

1.12 93M
Government

United States Treasury Bonds

1.12 93M
Government

United States Treasury Bonds

1.10 91M
Government

United States Treasury Bonds

1.09 90M
Government

United States Treasury Bonds

1.06 88M
Government

United States Treasury Bonds

1.06 88M
Government

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