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 $19.16 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: -5.24%, 1-year: -0.70%, 3-year annualised: +2.53%, 5-year annualised: -3.15%. Past performance is not a guarantee of future results. The 3-year Sharpe ratio is -0.08, 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 4.10%, 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 $249M 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 8.70% and a beta of 1.02 (roughly in line with the broad market). Its 3-year Sharpe ratio of -0.08 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
2026-09-10	$19.22	$19.22	$19.13	$19.16	$19.16	23,738
2026-09-09	$19.38	$19.40	$19.33	$19.34	$19.34	3,664
2026-09-08	$19.47	$19.47	$19.40	$19.44	$19.44	3,986
2026-09-04	$19.49	$19.53	$19.48	$19.48	$19.48	3,200
2026-09-03	$19.51	$19.52	$19.43	$19.44	$19.44	17,908
2026-09-02	$19.52	$19.52	$19.41	$19.44	$19.44	11,653
2026-09-01	$19.47	$19.53	$19.47	$19.51	$19.51	3,600
2026-08-31	$19.52	$19.59	$19.52	$19.59	$19.59	5,700
2026-08-28	$19.60	$19.66	$19.57	$19.57	$19.57	11,750
2026-08-27	$19.68	$19.69	$19.59	$19.60	$19.60	3,071

#	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%

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CIBC Investor's Edge

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

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

7 stocks to buy and hold forever

Compare VLB

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Compare VLB vs Similar ETFs

Frequently Asked Questions — VLB

What is VLB?

What is the VLB ETF price today?

What is the VLB MER (management expense ratio)?

What are VLB annualised returns?

Does VLB pay dividends or distributions?

What does VLB invest in?

What sectors does VLB invest in?

How large is VLB? (Assets under management)

When was VLB launched?

How do I buy VLB in Canada?

How risky is VLB?

Recent ETF movers

VLB.TO news timeline

Vanguard Canadian Long-Term Bond Index ETF (VLB.TO) raised its dividend to CA$0.0693

August 2026

July 2024

Period	Return
YTD	-5.24%
1 Year	-0.70%
3 Year (Ann.)	+2.53%
5 Year (Ann.)	-3.15%
1Y Volatility	8.70%
Sharpe Ratio (3Y)	-0.08