Vanguard Long-Term Bond Index Fund Institutional Shares (VBLLX)

Fund Assets	8.60B
Expense Ratio	0.04%
Min. Investment	$5,000,000
Turnover	26.00%
Dividend (ttm)	0.49
Dividend Yield	4.67%
Dividend Growth	2.21%
Payout Frequency	Monthly
Ex-Dividend Date	Jan 30, 2026

Previous Close	10.58
YTD Return	1.26%
1-Year Return	5.98%
5-Year Return	-17.65%
52-Week Low	9.66
52-Week High	10.81
Beta (5Y)	n/a
Holdings	2938
Inception Date	Feb 2, 2006

About VBLLX

Vanguard Long-Term Bond Index Fund Institutional Shares is a mutual fund designed to track the performance of a market-weighted bond index with a focus on long-term maturities. The fund aims to replicate the performance of the Bloomberg U.S. Long Government/Credit Float Adjusted Index, which comprises a broad selection of investment-grade U.S. fixed-income securities, including long-maturity Treasury, government agency, and corporate bonds. With an average effective duration of over 13 years, this fund is highly sensitive to interest rate changes and typically exhibits greater volatility compared to funds with shorter durations. It holds thousands of individual securities, with U.S. Treasury bonds representing a significant portion of its portfolio. Designed for institutional investors, the fund requires a high minimum initial investment and offers a notably low expense ratio, reflecting its passive, index-based management approach. The fund plays a key role in offering broad exposure to the long-term U.S. fixed-income market, making it a tool for institutions seeking diversified, long-duration bond exposure within balanced portfolios.

• Fund Family: Vanguard
• Category: Long-Term Bond
• Performance Rating: Below Average
• Risk Rating: Above Average
• Stock Exchange: NASDAQ
• Ticker Symbol: VBLLX
• Share Class: Institutional Shares
• Index: Bloomberg US Long Gov/Credit Float Adj TR

Performance

VBLLX had a total return of 5.98% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.39%.

Equivalent ETF

VBLLX has an equivalent ETF with the ticker symbol BLV, the Vanguard Long-Term Bond ETF. This is an ETF from the same fund company that follows the same index. It has an expense ratio of 0.03% compared to 0.04% for VBLLX.

Symbol	Name	Expense Ratio
BLV	Vanguard Long-Term Bond ETF	0.03%

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
VBLIX	Institutional Plus Shares	0.03%
VBLAX	Admiral Shares	0.06%

Dividend History

Ex-Dividend	Amount	Pay Date
Jan 30, 2026	$0.04227	Feb 2, 2026
Dec 31, 2025	$0.0423	Jan 2, 2026
Nov 28, 2025	$0.04065	Dec 1, 2025
Oct 31, 2025	$0.04179	Nov 3, 2025
Sep 30, 2025	$0.04042	Oct 1, 2025
Aug 29, 2025	$0.04165	Sep 2, 2025