Morningstar

Vanguard Total Bond Market Index Fund Admiral Shares VBTLX

Morningstar Medalist Rating
Medalist Rating as of | See Vanguard Investment Hub
  • NAV / 1-Day Return 9.54  /  −0.42 %
  • Total Assets 396.7B
  • Adj. Expense Ratio
    0.040%
  • Expense Ratio 0.040%
  • Distribution Fee Level Low
  • Share Class Type Institutional
  • Category Intermediate Core Bond
  • Credit Quality / Interest Rate Sensitivity High/Moderate
  • Min. Initial Investment 3,000
  • Status Open
  • TTM Yield 4.06%
  • Effective Duration 5.73 years

USD | NAV as of Aug 10, 2026 | 1-Day Return as of Aug 10, 2026, 10:53 PM GMT+0

Morningstar’s Analysis VBTLX

Will VBTLX 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 VBTLX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the VBTLX 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 VBTLX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Well-constructed portfolio of investment-grade bonds.

Analyst Lan Anh Tran

Lan Anh Tran

Analyst

Summary

Vanguard Total Bond Market’s expansive portfolio and razor-thin fee preserve its advantage in the intermediate core bond Morningstar Category.

by Lan Anh Tran
Rated on Published on

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Portfolio Holdings VBTLX

More VBTLX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 4.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Mktliq 12/31/2049

1.10 4B
Cash and Equivalents

United States Treasury Notes

0.47 2B
Government

United States Treasury Notes

0.41 2B
Government

United States Treasury Notes

0.41 2B
Government

United States Treasury Notes

0.41 2B
Government

United States Treasury Notes

0.41 2B
Government

United States Treasury Notes

0.40 2B
Government

United States Treasury Notes

0.40 2B
Government

United States Treasury Notes

0.40 2B
Government

United States Treasury Notes

0.39 2B
Government

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