Vanguard Long-Term Bond Index Fund Investor Shares
VBLTX
NASDAQ- -
USD
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Capital Structure
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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
- PO Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Feb 28, 1994
- CIK
- 0000794105
- Similar Companies
- Business
- Vanguard Long-Term Bond Index Fund Investor Shares (VBLTX) is an index mutual 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 invests primarily in a diversified portfolio of investment-grade bonds with maturities greater than 10 years, including U.S. Treasury securities, agency bonds, and investment-grade corporate debt issued by U.S. companies; it maintains a dollar-weighted average maturity of approximately 15 years and an average duration of around 11 years to provide exposure to long-term fixed-income markets. VBLTX offers investors low-cost access to the long-term bond segment through its investor share class, characterized by a minimum initial investment of $3,000 and an expense ratio of 0.20%, targeting individual and institutional investors seeking income, diversification, and ballast against equity volatility. Established as part of Vanguard's index fund lineup in 1986 and headquartered in Malvern, Pennsylvania, the fund operates within the broader U.S. fixed-income asset management industry, serving retail investors, retirement plans, and financial advisors across the United States with no international geographic focus beyond its domestic bond holdings. In recent developments, VBLTX benefited from Vanguard's strategic enhancements in 2024, including the integration of advanced ESG screening options for bond selection and a portfolio rebalancing initiative amid rising interest rates; additionally, Vanguard announced a major platform upgrade in late 2024 enabling seamless ETF share class conversions (to VGLT) for tax-efficient trading, alongside a partnership expansion with major broker-dealers to lower transaction costs for institutional clients. The fund remains under the oversight of Vanguard's fixed-income team, led by portfolio managers Joshua C. Barrick and Colleen M. Reynolds, with no parent company as Vanguard operates as a client-owned mutual organization.