BLV
Vanguard Long-Term Bond ETF
Vanguard Long-Term Bond ETF is an exchange-traded fund incorporated in the USA. The Fund seeks to track the performance of the Barclays Capital Long Government/Credit Index, which includes all medium and larger issues of U.S. government, investment-grade corporate and international bonds that have maturities of greater than 10 years.
5.4%
Current Yield
15.3 years
Macaulay Duration
5.4%
Yield to Maturity
A1
Median Quality
5.2%
ALTAR Score™
Fund Basics
Fund sponsor | Vanguard Group |
Category | Aggregate |
Asset class | Fixed Income |
Website | link... |
Inception date | Apr 03, 2007 |
Assets (mns) | $5,515 |
Expense ratio | 4 bp |
Constituent Breakdown
No. of constituents | 49 |
No. of distinct issuers | 44 |
Coverage | 98% |
Fixed/floating rate | 98% / 2% |
Investment grade | 99% |
Inflation protected | 0% |
Non-standard maturity (callable, etc.) | 24% |
Fund Structure
Regulation | Open-End Investment Company |
Distributions | Monthly |
Taxation | 1099 |
Bond selection | |
Weighting | Market Cap |
Smart-beta | No |
Derivatives-based | No |
Options available | Yes |
Currency hedged | No |
Fund of funds | No |
Top 10 Holdings
U.S. TREASURY BOND 3.625% 15-FEB-2053 | 1.4 % |
U.S. TREASURY BOND 2.0% 15-NOV-2041 | 1.3 % |
U.S. TREASURY BOND 1.75% 15-AUG-2041 | 1.2 % |
U.S. TREASURY BOND 4.0% 15-NOV-2052 | 1.2 % |
U.S. TREASURY BOND 1.875% 15-FEB-2041 | 1.2 % |
U.S. TREASURY BOND 2.375% 15-MAY-2051 | 1.1 % |
U.S. TREASURY BOND 2.0% 15-AUG-2051 | 1.1 % |
U.S. TREASURY BOND 2.875% 15-MAY-2052 | 1.1 % |
U.S. TREASURY BOND 2.375% 15-FEB-2042 | 1.0 % |
U.S. TREASURY BOND 3.0% 15-AUG-2052 | 1.0 % |
Issuer Type Breakdown
Top Issuers
U.S. TREASURY | 22.0 % |
GOVERNMENT OF THE UNITED STATES OF AMERI | 15.6 % |
PERU (REPUBLIC OF) | 2.2 % |
21ST CENTURY FOX AMERICA | 2.0 % |
NEXEN INC | 2.0 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
-2.3% | -0.7% | -7.1% | -5.9% | -0.5% | 2.4% | 4.4% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.64 | 52% |
MSCI EAFE | 0.70 | 58% |
MSCI Emg Mkts | 0.64 | 53% |
Liquidity Measures
Avg. volume (000) | 568 |
Turnover | 0.0% |
Avg. Bid/Ask (% of price) | 0.06% |
ADV of underlying (mns) | $0 |
Technical Indicators
Recent close | $68.17 |
30d moving avg. | $69.59 |
Annualized volatility | 15.6% |
Relative strength (RSI) | 74 |
Short interest (ETF) | 0.3% |
Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Credit Quality
Duration
Macaulay Duration
Modified Duration
SHORT
MED.
LONG TERM
15.3 yrs
Modified Duration
◁ INSENSITIVE
EXTREMELY SENSITIVE ▷
15.0%
ⓘ Our analysis shows this fund is likely to be quite sensitive to changes in interest rates
Interest Rate Sensitivity Analysis
Change in YTM |
New YTM |
Est. Price Change |
New Price |
---|---|---|---|
+300 bp | --% | --% | $-- |
+200 bp | --% | --% | $-- |
+150 bp | --% | --% | $-- |
+100 bp | --% | --% | $-- |
+75 bp | --% | --% | $-- |
+50 bp | --% | --% | $-- |
+25 bp | --% | --% | $-- |
0 bp | --% | --% | $-- |
-25 bp | --% | --% | $-- |
-50 bp | --% | --% | $-- |
-75 bp | --% | --% | $-- |
-100 bp | --% | --% | $-- |
-150 bp | --% | --% | $-- |
-200 bp | --% | --% | $-- |
- 300bp | --% | --% | $-- |
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Yields
Disposition of YTM
Distribution Yield (Trailing 12 Months)
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ETF Research Center Fund Rating
The ALTAR Score™ is our measure of an ETF's overall investment merit. For fixed income funds, the Score is an estimate of risk-adjusted yield to maturity (calculation shown below). In effecient markets, the plot of ALTAR Scores™ vs. Duration should resemble the familiar yield curve. Funds that sit above the curve may offer better risk-adjusted returns than those that sit below the curve.
ALTAR Score™
BLV
5.2%
Cat. Avg
3.6%
Fund Category: Aggregate
Adj. Yield to Maturity | -- bp |
Less: Annual "default factor" | -- bp |
Less: Expenses | 4 bp |
Equals: ALTAR Score™ | 5.2% |
ALTAR Score™ vs. Duration (Aggregate Bond ETFs)
Market Activity
Latest price | |
Change | |
Volume | |
Bid/Ask Spread | |
Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
---|---|---|---|
BLV | 4.0 | 6.4 | 10.4 |
Peer Avg. | 35.5 | 13.8 | 49.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .