BLV seeks to track the performance of the Barclays U.S. Long Government/Credit Float Adjusted Index.
This index includes all medium and larger issues of U.S. government, investment-grade corporate, and investment-grade international dollar-denominated bonds that have maturities of greater than 10 years and are publicly issued.
The fund invests by sampling the index, meaning that it holds a range of securities that, in the aggregate, approximates the full index in terms of key risk factors and other characteristics. All of the fund’s investments will be selected through the sampling process, and at least 80% of the fund’s assets will be invested in bonds held in the index. The fund maintains a dollar-weighted average maturity consistent with that of the index, which currently ranges between 15 and 30 years.
BLV provides diversified exposure to the long-term, investment-grade U.S. bond market and high current income with high credit quality.
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