Question 1

What is VLB?

Accepted Answer

VLB — Vanguard Canadian Long-Term Bond Index ETF — is a Canadian-listed ETF trading on the TSX. NA

Question 2

What is the VLB ETF price today?

Accepted Answer

VLB last traded at $20.39 CAD on the TSX. See the price chart above for recent performance.

Question 3

What is the VLB MER (management expense ratio)?

Accepted Answer

VLB has a management expense ratio (MER) of 0% per year. This fee is automatically deducted from the fund's assets, so you never pay it directly — but it does reduce your net returns over time. At 0%, VLB is considered a low-cost ETF.

Question 4

What are VLB annualised returns?

Accepted Answer

VLB historical returns: YTD: +0.84%, 1-year: +3.56%, 3-year annualised: +2.94%, 5-year annualised: -1.78%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is -0.06, which measures risk-adjusted return.

Question 5

Does VLB pay dividends or distributions?

Accepted Answer

Yes, VLB distributes income to unitholders. The current distribution yield is approximately 3.88%, paid monthly. Distributions may include dividends, interest, capital gains, or return of capital depending on the fund's holdings. In a TFSA or RRSP, distributions are sheltered from tax.

Question 6

What does VLB invest in?

Accepted Answer

VLB's top holdings include Canada (Government of) 2% (null, 5.0%), Ontario (Province Of) 4.6% (null, 3.6%), Ontario (Province Of) 5.85% (null, 3.3%), Ontario (Province Of) 3.5% (null, 3.1%), Ontario (Province Of) 2.9% (null, 3.0%) — and 5 more positions. See the full Top 10 Holdings table above for a complete breakdown. The fund tracks the Morningstar Can 10+Y Core Bd GR CAD.

Question 7

What sectors does VLB invest in?

Accepted Answer

VLB's largest sector exposures are Basic Materials (0.0%), Consumer Cyclicals (0.0%), Financial Services (0.0%). The full sector breakdown is shown in the Sector Weights table on this page.

Question 8

How large is VLB? (Assets under management)

Accepted Answer

VLB has approximately $264M in assets under management (AUM). Larger AUM generally means better liquidity, tighter bid-ask spreads, and a lower risk of the fund being wound down.

Question 9

When was VLB launched?

Accepted Answer

VLB was launched on January 31, 2017, giving it a 9-year track record. A longer history makes it easier to evaluate how the ETF performs across different market cycles.

Question 10

How do I buy VLB in Canada?

Accepted Answer

VLB trades on the TSX under the ticker VLB. You can buy it through any Canadian brokerage, including Wealthsimple Trade (commission-free), Questrade, TD Direct Investing, RBC Direct, and CIBC Investor's Edge. It can be held in a TFSA, RRSP, FHSA, or taxable account.

Question 11

How risky is VLB?

Accepted Answer

VLB has a 1-year volatility of 7.95% and a beta of 1.02 (roughly in line with the broad market). Its 3-year Sharpe ratio of -0.06 indicates below-average risk-adjusted returns. As with all market-linked investments, past volatility does not predict future risk.

Date	Open	High	Low	Close	Adj Close	Volume
2026-07-02	$20.88	$20.88	$20.34	$20.39	$20.39	4,100
2026-06-30	$20.66	$20.67	$20.63	$20.64	$20.64	19,900
2026-06-29	$20.60	$20.67	$20.60	$20.66	$20.66	8,317
2026-06-26	$20.51	$20.59	$20.50	$20.56	$20.56	9,138
2026-06-25	$20.67	$20.68	$20.60	$20.61	$20.61	12,046
2026-06-24	$20.68	$20.70	$20.68	$20.69	$20.69	4,069
2026-06-23	$20.47	$20.53	$20.47	$20.52	$20.52	7,600
2026-06-22	$20.57	$20.58	$20.41	$20.41	$20.41	3,301
2026-06-19	$20.53	$20.53	$20.53	$20.53	$20.53	2,027
2026-06-18	$20.68	$20.70	$20.57	$20.58	$20.58	18,021

#	Name	Weight
1	Canada (Government of) 2%	5.03%
2	Ontario (Province Of) 4.6%	3.64%
3	Ontario (Province Of) 5.85%	3.32%
4	Ontario (Province Of) 3.5%	3.08%
5	Ontario (Province Of) 2.9%	3.02%
6	Ontario (Province Of) 2.8%	2.96%
7	Quebec (Province Of) 4.25%	2.85%
8	Quebec (Province Of) 5%	2.43%
9	Quebec (Province Of) 3.1%	2.33%
10	Canada (Government of) 5.75%	2.25%

Sector	Weight
Basic Materials	0.00%
Consumer Cyclicals	0.00%
Financial Services	0.00%
Real Estate	0.00%
Communication Services	0.00%
Energy	0.00%
Industrials	0.00%
Technology	0.00%
Consumer Defensive	0.00%
Healthcare	0.00%
Utilities	0.00%

Vanguard Canadian Long-Term Bond Index ETF (VLB : TSX)

CIBC Investor's Edge

Price Chart (30 Days)

Key Statistics

Recent Price History

Annualised Returns

Top 10 Holdings

Sector Weights

About Vanguard Canadian Long-Term Bond Index ETF

ETF Details

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Frequently Asked Questions — VLB