Vanguard Target Maturity 2028 Corporate Bond ETF
$74.88−0.01 (−0.01%)
- 0.08%
- $104M
- 0M sh
- $74.80
- low $74.59high $75.80
The ETF.net VBCB Grade
A
Score 81 out of 100
- 1 of 43
Score 81 of 100 falls in the A band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.A87 out of 100Rank 2 of 43Mission
Whether the fund did what it promised, tested against its stated mandate.A100 out of 100Rank 1 of 32Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.A87 out of 100Rank 5 of 43Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C40 out of 100Rank 25 of 43Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.A83 out of 100Rank 6 of 42Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.B56 out of 100Rank 18 of 43
Our read on VBCB
AVanguard finally showed up to the bond-ladder party. VBCB owns U.S. investment-grade corporate bonds that all mature in 2028, and it undercuts the typical target-maturity rung on fees.
The fund seeks to track a market-weighted index of U.S.-dollar-denominated, investment-grade corporate bonds that mature in 2028.
Why people hold it
- Charges 0.08% a year, below the 0.10% typical for target-maturity bond funds and below the iBonds and BulletShares rungs (IBDU, BSCT, BSCU) it lines up against.
- Every bond in the index is dollar-denominated investment grade maturing in 2028: one rung of a bond ladder in one ticker, with income paid quarterly.
- A plain market-weighted ICE index run through Vanguard's index plumbing, and one of the stronger builds in the target-maturity bond group.
Worth knowing
- Launched in 2026 and still small, it trades thinly, so spreads can run wider than on the long-established corporate ladders.
- Corporate credit, not Treasuries. Investment grade lowers the odds of trouble, but downgrades and defaults stay in the mix.
- One maturity year, not a whole curve. This is a rung, not a stand-in for a broad bond fund.
VBCB Holdings
- Other
- 658
- 6%
- Goldman Sachs Bank USA/New York NY 4.66% 06/03/2029
Geography
- United States81.09%
- United Kingdom4.86%
- Canada4.52%
- Japan3.36%
- Australia2.06%
- Ireland0.86%
- Spain0.74%
- Netherlands0.72%
- 1.79%
VBCB Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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VBCB$10,027
Returns run to the Oct 12, 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.
| Period | VBCB |
|---|---|
| Year to date | — |
| 1 month | +0.2% |
| 3 months | +0.3% |
| 1 year | — |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | VBCB |
|---|---|---|
| 2026 YTD | +1.6% |
VBCB in the news
VBCB Dividends
- $0.26 per share
- Monthly
Distribution data unavailable.
Distribution history
VBCB Risk
- —
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.
- —
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.
- —
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.
- 0.05
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
VBCB Cost
0.08%
VBCB0.08%
- The middle half of Defined-Maturity Investment Grade Corporate funds
- Median 0.10%
No Defined-Maturity Investment Grade Corporate fund charges less.
Other funds in Defined-Maturity Investment Grade Corporate
- AVBCAVanguard Target Maturity 2027 Corporate Bond ETFExpense ratio 0.08%1 year return —
- AIBDTiShares iBonds Dec 2028 Term Corporate ETFExpense ratio 0.10%1 year return +2.5%
- AVBCCVanguard Target Maturity 2029 Corporate Bond ETFExpense ratio 0.08%1 year return —
- AVBCDVanguard Target Maturity 2030 Corporate Bond ETFExpense ratio 0.08%1 year return —
- AIBDUiShares iBonds Dec 2029 Term Corporate ETFExpense ratio 0.10%1 year return +1.6%