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VBCA

GradeANASDAQ Global Market

Vanguard Target Maturity 2027 Corporate Bond ETF

Target Maturity Bond · Vanguard · Inception 2026-03-24

$75.43−0.01 (−0.01%)

As of Sep 23, 2026, 2:00 PM EDT

History starts Mar 27, 2026.History starts Mar 27, 2026.History starts Mar 27, 2026.
Intraday session: down, 21 prints from 75.44 to 75.43. Range 75.42 to 75.44. Use the arrow keys to read each point.$75.42$75.44$75.4410 AM12 PM2 PM4 PM
Expense ratio
0.08%
Fund size
$56M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$75.39
52W range
low $75.00high $75.78

The ETF.net VBCA Grade

A

78/ 100

Rank 2 of 43 in Defined-Maturity Investment Grade Corporate⁠

Confidence High

Six-pillar profile for VBCA. Scores out of 100: Cost 87, Risk 83, Mission 100, Tradability 33, Holdings 78, Durability 52. Strongest: Mission (100). Weakest: Tradability (33). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 78 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    AScore 87
    Category rank2/43 · top 5%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank15/32 · top 47%

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 83
    Category rank6/43 · top 14%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 33
    Category rank32/43 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 78
    Category rank12/42 · top 29%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 52
    Category rank21/43 · top 49%

Graded as of Sep 22, 2026

Our read on VBCA

ETF.net Research

AVanguard showed up late to the bond-ladder aisle and priced it accordingly: one rung of investment-grade corporate bonds, all maturing in 2027, wrapped in an ETF at 0.08%.

Stated mandate

The fund seeks to track a market-weighted index of U.S.-dollar-denominated, investment-grade corporate bonds that mature in 2027.

Why people hold it

  1. 01At 0.08%, it undercuts the target-maturity norm, where iShares iBonds and Invesco BulletShares rungs run 0.10%.
  2. 02Its bonds are scheduled to mature between January 1 and December 15, 2027, and the index has a planned liquidation around that date, so duration winds down instead of resetting forever.sec.gov
  3. 03Market-weighted and investment-grade only: a single maturity year spread across the US corporate market rather than a handful of hand-picked bonds.
  4. 04Stands among the stronger implementations in a crowded target-maturity group, on cost and portfolio discipline.

Worth knowing

  1. 01Launched in 2026 and still small, it trades thinly; spreads can be wider than on established bond ETFs.
  2. 02Corporate credit, not Treasuries: downgrades and defaults come with the territory. Treasury-only rungs such as IBTJ sidestep that risk.
  3. 03Short operating history, so there is limited data so far on how closely it tracks its index.

VBCA Holdings

As of Sep 21, 2026, 7:39 PM
Asset class
Other
Holdings
—
Top-10 weight
6%
Largest holding
MKTLIQ 12/31/20491.1%

Geography

  • United States83.14%
  • Canada5.07%
  • United Kingdom4.75%
  • Japan2.78%
  • Spain1.44%
  • Australia0.63%
  • Ireland0.61%
  • Netherlands0.57%
  • Other countries (5)1.00%
The fund’s holdings, weight-ordered — page 1 of 42.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—MKTLIQ 12/31/20491.09%6,101$610K106
002—Goldman Sachs Group Inc/The 3.85% 01/26/20270.68%3,780$377K4
003—T-Mobile USA Inc 3.75% 04/15/20270.62%3,480$346K8
004—Microsoft Corp 3.30% 02/06/20270.59%3,290$328K4
005—Goldman Sachs Group Inc/The 4.94% 04/23/20280.57%3,150$316K10
006—HSBC Holdings PLC 4.75% 06/09/20280.56%3,110$311K6
007—Amazon.com Inc 3.15% 08/22/20270.54%3,020$299K4
008—Wells Fargo & Co 3.53% 03/24/20280.52%2,910$289K9
009—Wells Fargo & Co 4.81% 07/25/20280.51%2,860$286K10
010—Bank of America Corp 4.95% 07/22/20280.49%2,740$275K16
011—HSBC Holdings PLC 5.21% 08/11/20280.48%2,660$267K9
012—Goldman Sachs Group Inc/The 3.69% 06/05/20280.47%2,620$260K5
013—Wells Fargo & Co 2.39% 06/02/20280.47%2,640$260K10
014—HSBC Holdings PLC 5.13% 11/19/20280.46%2,570$258K10
015—Apple Inc 3.20% 05/11/20270.46%2,590$257K2

Showing 1–15 of 622 holdings

VBCA Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

VBCA$10,086
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. VBCA $10,086. SPY $10,415. Use the arrow keys to read each point.$9,741$10,122$10,502Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for VBCA. Periods over one year show the average yearly return.
PeriodVBCA
Year to dateFund launched this year—
1 month+0.1%
3 months+0.9%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for VBCA
YearReturn barVBCA
2026 YTD+1.9%

History from Mar 27, 2026

VBCA in the news

ETF.net Research hasn’t filed on VBCA yet — coverage lands here as it’s written.

VBCA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.25 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Monthly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 5 payments in 2026 YTD. May 1, 2026 $0.08; Jun 1, 2026 $0.24; Jul 1, 2026 $0.24; Aug 3, 2026 $0.25; Sep 1, 2026 $0.25. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 3, 2026$0.25
Aug 3, 2026Aug 5, 2026$0.25
Jul 1, 2026Jul 6, 2026$0.24
Jun 1, 2026Jun 3, 2026$0.24
May 1, 2026May 5, 2026$0.08

VBCA Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Mar 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Mar 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Mar 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.04
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

VBCA Cost

Expense ratio0.08%
  • The middle half of Defined-Maturity Investment Grade Corporate funds
  • Median 0.10%

No Defined-Maturity Investment Grade Corporate fund charges less.

VBCA costs $8.00 a year on $10,000. The median Defined-Maturity Investment Grade Corporate fund costs $10.00.