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% |
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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