Overview
Zero-coupon Treasury STRIPS with 20-30 year maturities — the most rate-sensitive mainstream bond fund in existence, duration ~24 years.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| STRIP | Treasury STRIP 2050 | 5.8% |
| STRIP | Treasury STRIP 2049 | 5.4% |
| STRIP | Treasury STRIP 2051 | 5.1% |
| STRIP | Treasury STRIP 2048 | 4.8% |
| STRIP | Treasury STRIP 2052 | 4.5% |
| STRIP | Treasury STRIP 2047 | 4.2% |
| STRIP | Treasury STRIP 2053 | 3.9% |
| STRIP | Treasury STRIP 2046 | 3.6% |
| STRIP | Treasury STRIP 2054 | 3.3% |
| STRIP | Treasury STRIP 2045 | 3.1% |
Fund Details
Investment Thesis
EDV is the sharpest rates instrument Vanguard sells: zero-coupon STRIPS have no cash flows to cushion them, so a one-point yield move swings the fund roughly 24% — this year's bond selloff cost it 10%, and a genuine recession-driven rate collapse would pay 30-50%. Nobody holds EDV by accident; it's the maximum-conviction expression of a falling-rates view.
Who It's For
Rate-cut maximalists and long-liability hedgers who understand they're buying a ~24-year duration lever. TLT is the moderate version; this is the full-strength one.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $82.00 | -- |
| 2017 | $91.84 | +12.0% |
| 2018 | $87.25 | -5.0% |
| 2019 | $102.08 | +17.0% |
| 2020 | $122.50 | +20.0% |
| 2021 | $112.70 | -8.0% |
| 2022 | $67.62 | -40.0% |
| 2023 | $68.97 | +2.0% |
| 2024 | $61.39 | -11.0% |
| 2025 | $62.00 | +1.0% |
| Year | Yield |
|---|---|
| 2016 | 3.00% |
| 2017 | 2.90% |
| 2018 | 3.20% |
| 2019 | 2.60% |
| 2020 | 1.80% |
| 2021 | 2.20% |
| 2022 | 3.70% |
| 2023 | 4.60% |
| 2024 | 5.00% |
| 2025 | 5.20% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $0.6B | -- |
| 2017 | $0.8B | +33.3% |
| 2018 | $1B | +25.0% |
| 2019 | $1.4B | +40.0% |
| 2020 | $2B | +42.9% |
| 2021 | $2.5B | +25.0% |
| 2022 | $2B | -20.0% |
| 2023 | $2.8B | +40.0% |
| 2024 | $3.5B | +25.0% |
| 2025 | $3.6B | +2.9% |
Price history from exchange data. Dividend yields from reported distributions; some earlier years are derived from total-return vs price-return data or are ETFHub estimates. AUM history is an ETFHub estimate modelled from current assets and annual returns (fund flows not reflected) and may differ from official fund records. Data as of October 2026.
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