Overview
US Treasury bonds maturing in 10 to 25+ years — maximum duration, maximum rate sensitivity, at 0.03%.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| UST | Treasury 4.75% 2055 | 4.2% |
| UST | Treasury 4.625% 2054 | 3.9% |
| UST | Treasury 4.5% 2053 | 3.6% |
| UST | Treasury 4.25% 2052 | 3.3% |
| UST | Treasury 4.375% 2051 | 3.1% |
| UST | Treasury 3.875% 2050 | 2.9% |
| UST | Treasury 4.0% 2049 | 2.7% |
| UST | Treasury 3.625% 2048 | 2.5% |
| UST | Treasury 4.125% 2047 | 2.3% |
| UST | Treasury 3.75% 2046 | 2.1% |
Fund Details
Investment Thesis
Long Treasuries are the market's crisis insurance and its inflation victim in the same instrument — and with 30-year yields above 5.3% amid a global bond selloff, VGLT is priced at levels not seen in two decades. The negative trailing year is what buying insurance during an inflation scare looks like; the 4.9% yield is what you're now paid to hold it. If recession hits and yields collapse, this is the fund that gains 20-30%.
Who It's For
Recession hedgers and duration buyers with genuine conviction that inflation breaks, plus rebalancers pairing long bonds against equity-heavy portfolios. The highest-stakes corner of the Treasury curve — TLT's cheaper twin.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $69.94 | -- |
| 2017 | $74.13 | +6.0% |
| 2018 | $71.91 | -3.0% |
| 2019 | $80.54 | +12.0% |
| 2020 | $93.42 | +16.0% |
| 2021 | $87.82 | -6.0% |
| 2022 | $60.60 | -31.0% |
| 2023 | $61.81 | +2.0% |
| 2024 | $56.86 | -8.0% |
| 2025 | $58.00 | +2.0% |
| Year | Yield |
|---|---|
| 2016 | 2.50% |
| 2017 | 2.70% |
| 2018 | 3.00% |
| 2019 | 2.40% |
| 2020 | 1.60% |
| 2021 | 1.90% |
| 2022 | 3.30% |
| 2023 | 4.40% |
| 2024 | 4.70% |
| 2025 | 4.90% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $1B | -- |
| 2017 | $1.2B | +20.0% |
| 2018 | $1.5B | +25.0% |
| 2019 | $2B | +33.3% |
| 2020 | $3B | +50.0% |
| 2021 | $4B | +33.3% |
| 2022 | $5B | +25.0% |
| 2023 | $7B | +40.0% |
| 2024 | $9B | +28.6% |
| 2025 | $10B | +11.1% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of September 2026.
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