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VBLTX Vanguard Long-Term Bond Index Inv

  • Fund
  • VBLTX
  • Price as of: Aug 08, 2016
  • $14.92
  • + $0.04
  • + 0.27%
  • Category
  • Total Bond Market

VBLTX - Profile

Vitals

  • YTD Return 13.0%
  • 3 Yr Annualized Return 10.3%
  • 5 Yr Annualized Return 8.7%
  • Net Assets $10.1 B
  • Holdings in Top 10 16.9%

52 WEEK LOW AND HIGH

$14.92
$13.15
$15.31

Expenses

OPERATING RELATED FEES

  • Expense Ratio 0.16%

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 42.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$3,000

IRA

$3,000

Investment Themes

CATEGORY

Total Bond Market
  • Fund Type Open End Mutual Fund
  • Investment Style Long-Term Bond

Distributions

  • YTD Total Return 13.0%
  • 3 Yr Annualized Total Return 10.3%
  • 5 Yr Annualized Total Return 8.7%
  • Capital Gain Distribution Frequency None
  • Net Income Ratio 3.95%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Vanguard Long-Term Bond Fund
  • Fund Family Name Vanguard
  • Inception Date Mar 01, 1994
  • Shares Outstanding N/A
  • Share Class Inv
  • Currency USD
  • Domiciled Country United States
  • Manager Joshua C. Barrickman

Fund Description

The Vanguard Long-Term Bond Index Fund Investor Shares (VBLTX) is a low-cost, passively managed index fund tracking long-maturity bonds in the U.S. VBLTX tracks the Barclays U.S. Long Government/Credit Float Adjusted Index, which tracks Treasury, agency and investment-grade corporate bonds with maturities longer than 10 years when issued. The fund uses an index sampling style to provide exposure that closely resembles the underlying index.

As an index covering long-term investment-grade bonds, VBLTX makes an ideal core position and can form the backbone of any portfolio. The fund is internally managed by Vanguard.

VBLTX - Performance

Return Ranking - Trailing

Period VBLTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 13.0% -29.9% 209.8% 0.26% 1
1 Yr 15.9% -15.9% 20.3% 0.51% 1
3 Yr 10.3% * -6.4% 10.4% 0.30% 1
5 Yr 8.7% * -3.4% 9.0% 0.26% 1
10 Yr 8.4% * -1.1% 10.2% 0.83% 1

* Annualized


Return Ranking - Calendar

Period VBLTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -7.4% -51.0% 6.6% 66.28% 5
2014 N/A -0.4% 2.9% N/A N/A
2013 N/A -4.9% -0.8% N/A N/A
2012 N/A 0.8% 13.9% N/A N/A
2011 N/A -1.7% 3.8% N/A N/A

Total Return Ranking - Trailing

Period VBLTX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 13.0% -8.1% 209.8% 0.26% 1
1 Yr 15.9% -19.0% 20.3% 0.36% 1
3 Yr 10.3% * -7.1% 10.4% 0.30% 1
5 Yr 8.7% * -4.3% 9.0% 0.26% 1
10 Yr 8.4% * -1.1% 10.2% 0.67% 1

* Annualized


Total Return Ranking - Calendar

Period VBLTX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -7.4% -51.0% 6.6% 66.35% 5
2014 N/A -0.3% 4.5% N/A N/A
2013 N/A -4.6% 0.6% N/A N/A
2012 N/A 1.4% 15.7% N/A N/A
2011 N/A -0.9% 5.5% N/A N/A

NAV & Total Return History

VBLTX - Holdings

Filings data as of: Jun 30, 2016

Concentration Analysis

VBLTX Category Low Category High VBLTX % Rank Quintile
Net Assets 10.1 B 319 K 169 B 1.93% 1
Number of Holdings 2038 1 17404 1.37% 1
Net Assets in Top 10 1.72 B -36 B 21.5 B 2.44% 1
Weighting of Top 10 16.9% 0.0% 1826.2% 22.63% 4

Top 10 Holdings

  1. US Treasury Bond 2.875% 1.96%
  2. US Treasury Bond 2.5% 1.95%
  3. US Treasury Bond 2.875% 1.85%
  4. US Treasury Bond 3.625% 1.84%
  5. US Treasury Bond 3% 1.66%
  6. US Treasury Bond 3% 1.58%
  7. US Treasury Bond 3.75% 1.57%
  8. US Treasury Bond 3.125% 1.55%
  9. US Treasury Bond 2.75% 1.53%
  10. US Treasury Bond 3.375% 1.42%

Asset Allocation

Weighting Category Low Category High VBLTX % Rank Quintile
Bonds
99.05% -175.98% 181.87% 2.29% 1
Cash
0.93% -82.73% 275.92% 26.25% 5
Preferred Stocks
0.02% -0.07% 17.65% 7.68% 3
Other
0.00% -15.97% 117.15% 13.22% 4
Convertible Bonds
0.00% 0.00% 18.40% 5.29% 3
Stocks
0.00% -5.60% 98.06% 5.39% 2

Bond Sector Breakdown

Weighting Category Low Category High VBLTX % Rank Quintile
Government
48.92% -990.83% 129.84% 2.54% 1
Corporate
45.88% 0.00% 502.59% 7.93% 2
Municipal
3.82% 0.00% 106.20% 3.56% 1
Cash & Equivalents
0.93% -63.55% 811.66% 26.96% 5
Securitized
0.34% 0.00% 275.57% 28.48% 5
Derivative
0.00% -895.14% 18.41% 2.14% 1

Bond Geographic Breakdown

Weighting Category Low Category High VBLTX % Rank Quintile
US
88.08% -513.97% 163.91% 5.95% 2
Non US
10.97% -5.42% 399.20% 14.14% 3

VBLTX - Expenses

Operational Fees

VBLTX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 0.16% 0.00% 42.51% 13.89% 1
Management Fee 0.14% 0.00% 2.15% 4.27% 1
12b-1 Fee N/A 0.00% 1.00% N/A N/A
Administrative Fee N/A 0.00% 0.63% N/A N/A

Sales Fees

VBLTX Fees (% of AUM) Category Low Category High VBLTX Rank Quintile
Front Load N/A 0.00% 5.75% N/A N/A
Deferred Load N/A 0.15% 5.50% N/A N/A

Trading Fees

VBLTX Fees (% of AUM) Category Low Category High VBLTX Rank Quintile
Max Redemption Fee N/A 0.25% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VBLTX Fees (% of AUM) Category Low Category High VBLTX Rank Quintile
Turnover 42.00% 0.00% 1944.00% 13.69% 2

VBLTX - Distributions

Dividend Yield Analysis

VBLTX Category Low Category High VBLTX % Rank Quintile
Dividend Yield 0.6% 0.00% 1.30% 3.57% 1

Dividend Distribution Analysis

VBLTX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

VBLTX Category Low Category High VBLTX % Rank Quintile
Net Income Ratio 3.95% -1.76% 17.13% 4.02% 1

Capital Gain Distribution Analysis

VBLTX Category Low Category High Capital Mode
Capital Gain Distribution Frequency None Annually Daily Annually

VBLTX - Managers

Joshua C. Barrickman

Manager

Start Date

Feb 22, 2013

Tenure

3.44

Tenure Rank

6.3%

Barrickman is a portfolio manager of Vanguard. He has worked in investment management with Vanguard since 1999, managed investment portfolios since 2005 and co-managed the intermediate-term bond index fund since 2008. Barrickman holds the Charted Financial Analyst designation. Education: B.S., Ohio Northern University; M.B.A., Lehigh University.


Christopher E. Wrazen

Manager

Start Date

Jul 07, 2015

Tenure

1.07

Tenure Rank

8.3%

Christopher E. Wrazen, CFP, Portfolio Manager at Vanguard. He has been with Vanguard since 2004, has worked in investment management since 2008, has managed investment portfolios since 2015, and has co-managed the Long-Term Bond Index Fund since July 2015. Education: B.S., West Chester University; M.B.A., Drexel University’s LeBow College of Business.


Tenure Analysis

Category Low

0.0

Category High

27.6

Category Average

5.91

Category Mode

1.6