Morningstar

Vanguard Long-Term Bond Index Fund Institutional Shares VBLLX

Morningstar Medalist Rating
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  • NAV / 1-Day Return $9.87  /  −0.61 %
  • Fund Size $7.8B
  • Adjusted Expense Ratio 0.030%
  • Net Expense Ratio 0.040%
  • Fee Level: Distribution Low
  • Share Class Type Institutional
  • Morningstar Category Long-Term Bond
  • Fixed-Income Style Box (Funds) Medium/Extensive
  • Minimum Initial Investment $5M
  • Investment Status Open
  • TTM Yield 5.27%
  • Average Effective Duration 12.43 yrs
NAV and 1-Day Return as of

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 90M
Government

United States Treasury Bonds

1.14 88M
Government

United States Treasury Bonds

1.14 88M
Government

United States Treasury Bonds

1.14 88M
Government

United States Treasury Bonds

1.11 86M
Government

United States Treasury Bonds

1.11 85M
Government

United States Treasury Bonds

1.11 85M
Government

United States Treasury Bonds

1.06 82M
Government

United States Treasury Bonds

1.06 82M
Government

United States Treasury Bonds

1.03 80M
Government

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