Overview
Long-dated Treasuries and investment-grade corporates together — nearly 3,000 bonds maturing in ten-plus years, yielding above 5%.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| UST | Long US Treasuries | ~48% |
| CORP | Long IG Corporates | ~46% |
| GOV | Agency & Supranational | ~4% |
| T | AT&T long bonds | 0.5% |
| VZ | Verizon long bonds | 0.4% |
| ORCL | Oracle long bonds | 0.4% |
| BAC | Bank of America long bonds | 0.3% |
| DUK | Duke Energy long bonds | 0.3% |
| CVS | CVS Health long bonds | 0.3% |
| MSFT | Microsoft long bonds | 0.3% |
Fund Details
Investment Thesis
BLV is the diversified way to buy the long end: half government, half blue-chip corporate, which cushions the pure-Treasury volatility while pushing the yield above 5% monthly. The trailing-year loss is the long-duration story everywhere this September; the flip side is that no mainstream bond fund gains more if yields mean-revert. Corporate spread risk is the tradeoff versus VGLT.
Who It's For
Long-horizon income investors locking 5%+ for decades, and duration buyers who prefer a credit-cushioned version of the long-bond trade. Liability-matchers' favourite Vanguard fund.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $70.84 | -- |
| 2017 | $77.22 | +9.0% |
| 2018 | $73.36 | -5.0% |
| 2019 | $87.30 | +19.0% |
| 2020 | $99.52 | +14.0% |
| 2021 | $96.53 | -3.0% |
| 2022 | $68.54 | -29.0% |
| 2023 | $71.96 | +5.0% |
| 2024 | $67.65 | -6.0% |
| 2025 | $69.00 | +2.0% |
| Year | Yield |
|---|---|
| 2016 | 3.80% |
| 2017 | 3.70% |
| 2018 | 4.10% |
| 2019 | 3.50% |
| 2020 | 2.80% |
| 2021 | 3.00% |
| 2022 | 4.40% |
| 2023 | 5.00% |
| 2024 | 5.10% |
| 2025 | 5.10% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $2B | -- |
| 2017 | $2.5B | +25.0% |
| 2018 | $3B | +20.0% |
| 2019 | $4B | +33.3% |
| 2020 | $5.5B | +37.5% |
| 2021 | $6.5B | +18.2% |
| 2022 | $5B | -23.1% |
| 2023 | $5.5B | +10.0% |
| 2024 | $5.5B | +0.0% |
| 2025 | $5.5B | +0.0% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of September 2026.
Related Bonds & Treasuries ETFs
Markets. Intelligence. Daily.
Full briefs on 350+ ETFs, curated daily ETF news, and a free weekly deep-dive newsletter — all on ETFHub.
Get the Free Weekly Brief Explore the ETF Portal Official Fund Page →