Vanguard Long-Term Bond Index Fund Admiral Shares

Frequently Asked Questions About VBLAX

What does VBLAX invest in?

Vanguard Long-Term Bond Index Fund Admiral Shares is a passively managed fixed income fund that seeks to track the performance of the Bloomberg U.S. Long Government/Credit Float Adjusted Index. It invests in a diversified portfolio of long-term U.S. government and investment-grade corporate bonds with maturities greater than 10 years, aiming to provide broad exposure to long-duration fixed income markets at low cost. The fund is managed by The Vanguard Group.

What is the expense ratio of VBLAX?

Vanguard Long-Term Bond Index Fund Admiral Shares (VBLAX) charges an expense ratio of 0.06%. This is the annual fee deducted from fund assets to cover management and operations.

What is VBLAX's dividend yield?

VBLAX's trailing-twelve-month yield is 5.04%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of VBLAX?

Effective duration measures VBLAX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VBLAX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of VBLAX?

VBLAX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of VBLAX?

Yield to maturity (YTM) is the total return you'd earn from VBLAX if every bond in the portfolio is held to maturity at the current price. VBLAX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.