Vanguard Bond ETF
One of the Vanguard Bond ETF is the Vanguard Long Term ETF that is aimed at tracking the performance of the market weighted bond index with a long term dollar weighted average maturity term. The market price as of 12/07/09 was $77.50.
The inception date of this fund was 04/03/07 and has a 52 week high of $81.36 and a low of $70.67. This fund has a total asset power of $2.9 billion.
The top five holdings of this fund are the U.S. Treasury Bond 8% whose maturity date is 11/15/2021. This is 4.87% of the fund and is worth $137.8 million at maturity. The second most at 3.18% of the fund is the U.S. Treasury Bond 4.25% that has a maturity date of 05/15/2039. At maturity it is worth $90 million. The third largest at 3.03% of the fund is the U.S. Treasury Bond 6.25% that has a maturity date of 08/15/2023. At maturity this bond is worth $85.6 million. The fourth is at 2.59% of the fund and is the U.S. Treasury Bond 4.5% and has a maturity date of 05/15/2038. At its maturity it will have a value of $73.3 million. The fifth largest investment of this fund is the U.S. Treasury Bond 5% which is at 2.14% of the fund. It has a maturity date of 05/15/2037 and will be worth $60.7 million.
Morningstar does not rate the risk factor of this fund because it is less than three years since its inception. Vanguards advises investment in this fund if you seek a high and relatively stable income and are looking for a low cost broad bond investment. It does not advise investment if you are looking for long term growth of your capital.
Kenneth E. Volpert is the portfolio manager of this Vanguard funds. This Vanguard Bond ETF that is for long term bonds has an average maturity time of 22.2 years with an average yield at maturity of 5.2%. There are a total of 854 bonds held by this Vanguard fund.