The Vanguard Long-Term Government Bond ETF will be renamed the Vanguard Long-Term Treasury Index and change its underlying index to the Bloomberg Barclays US Long Treasury Float Adjusted Index.
“Following the transition, advisors, institutions, and individual investors will have a choice of index or active options in a range of maturities covering the corporate and U.S. Treasury market. Vanguard offers series of short-, intermediate-, and long-term active and index corporate credit funds, and a series of active U.S. Treasury funds,” according to the statement. “The move from government to U.S. Treasury index funds results in a series that will complement existing actively managed counterparts.”
Vanguard has 16 bond ETFs with a combined $131 billion in assets under management, making it the second-largest issuer of fixed income ETFs.
For more on bond ETFs, please visit our Fixed Income category.