Vanguard Long-Term Bond ETF
BLV
New York Stock Exchange Arca- -
USD
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- -
Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Apr 10, 2007
- CIK
- 0000794105
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Long-Term Bond ETF (BLV) is an exchange-traded fund managed by The Vanguard Group Inc that seeks to track the performance of the Bloomberg U.S. Long Government/Credit Float Adjusted Index. The fund provides investors with broad exposure to long-term fixed-income securities, including U.S. Treasury bonds with maturities greater than 10 years, investment-grade corporate bonds, mortgage-backed securities, and asset-backed securities issued by U.S. government agencies and corporations; it emphasizes low-cost indexing with a focus on high-quality, investment-grade debt instruments averaging around 20 years to maturity. BLV operates globally through Vanguard's platform, serving retail and institutional investors primarily in the United States, Canada, Europe, and Australia, with assets under management exceeding $6 billion as of late 2025. Founded as part of Vanguard's pioneering ETF lineup in 2007 and headquartered in Malvern, Pennsylvania, the fund benefits from Vanguard's mutual ownership structure, which prioritizes cost efficiency with an expense ratio of 0.04%. It targets conservative income-oriented investors seeking duration risk for potential yield enhancement amid varying interest rate environments, complementing diversified portfolios alongside equity and shorter-duration fixed-income holdings. No major subsidiaries or parent relationships apply, as BLV functions as a distinct share class within Vanguard's extensive bond ETF ecosystem. In recent developments, Vanguard announced strategic enhancements to its fixed-income offerings in 2024, including expanded ESG-screened variants for long-term bond strategies amid rising demand for sustainable investing; the firm also completed a $1.2 billion acquisition of a quantitative fixed-income analytics platform to bolster indexing precision across funds like BLV. BLV itself underwent a minor index realignment in early 2025 to incorporate updated float-adjusted metrics from Bloomberg, improving liquidity tracking without altering its core mandate. These changes reflect Vanguard's ongoing commitment to operational resilience, evidenced by net inflows of over $500 million into BLX in the past year despite fluctuating bond yields.