BLV Profile
The
Vanguard Long-Term Bond Index ETF (BLV) is an exchange-traded fund
that tracks the performance of the Bloomberg Barclays U.S. Long
Government/Credit Float Adjusted Index. This index includes
fixed-income securities with maturities of more than 10 years issued
by the U.S. government, its agencies, and investment-grade corporate
issuers.
The ETF seeks to provide exposure to long-term bonds,
which typically offer higher yields but also carry higher interest
rate risk. The fund may be appropriate for investors seeking income
and diversification within a fixed income portfolio.
As of
March 23, 2023, the BLV ETF had a net asset value of approximately
$9.4 billion and an expense ratio of 0.05%. The fund had a
distribution yield of 2.59% and a 12-month trailing yield of 2.68%.
The ETF had a duration of 17.5 years and an average maturity of 24.4
years.
The top holdings in the BLV ETF as of December 31, 2021,
were U.S. Treasury Notes (34.5%), U.S. Government Agency Bonds
(18.7%), U.S. Corporate Bonds (16.7%), and U.S. Treasury Bonds
(11.8%). The fund is rebalanced monthly and has a turnover rate of
approximately 22%.
It's important to note that the BLV ETF is
not appropriate for investors seeking short-term investments or those
with a low tolerance for interest rate risk. The fund's value may
fluctuate based on changes in interest rates and market conditions. As
with any investment, investors should carefully consider their
investment objectives, risk tolerance, and time horizon before
investing in the BLV ETF or any other investme
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