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Launched

Vanguard Target Maturity 2028 Corporate Bond ETF

VBCBNasdaqVanguardA

$74.93−0.28 (−0.37%)

At close: Nov 2, 2026, 4:00 PM ET

A82/ 100

Rank 1 of 43 in Defined-Maturity Investment Grade Corporate

A82/100Rank 1 of 43inDefined-Maturity Investment Grade Corporate
Intraday session: down, 79 prints from 75.21 to 74.93. Range 74.92 to 74.99. Use the arrow keys to read each point.75.0075.0575.1075.1510 AM12 PM2 PM4 PM
Expense ratio
0.08%
Fund size · all share classes
$117M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
667
Avg volume · 30D
25.9K sh
52W range
low $74.59high $75.80
Launched

The ETF.net VBCB Grade

A

Score 82 out of 100

Category
Defined-Maturity Investment Grade Corporate⁠
Rank
1 of 43
Six-pillar profile for VBCB. Scores out of 100: Cost 89, Risk 88, Mission 100, Tradability 40, Holdings 84, Durability 56. Strongest: Mission (100). Weakest: Tradability (40). Leans toward Mission.

Score 82 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.
    A89 out of 100
    Rank 1 of 42

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A100 out of 100
    Rank 1 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    A88 out of 100
    Rank 4 of 43

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    C40 out of 100
    Rank 26 of 43

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A84 out of 100
    Rank 6 of 42

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B56 out of 100
    Rank 19 of 43

Our read on VBCB

ETF.net Research

In short

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.

Stated mandate

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 Performance

Launched Mar 24, 2026

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
VBCB$10,057
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,093
Jul 31, 2026 to Nov 2, 2026. VBCB $10,057. SPY $10,093. Use the arrow keys to read each point.$10,000$10,200$10,400Jul 2026Sep 2026Nov 2026

Jul 31, 2026 – Nov 2, 2026

Returns run to the Nov 2, 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 VBCB. Periods over one year show the average yearly return.
PeriodVBCB
Year to dateFund launched this yearNo data
1 month+0.7%
3 months+0.6%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 VBCB
YearReturn barVBCB
2026 YTD+2.0%

History from Mar 26, 2026

VBCB in the news

VBCB Dividends

Upcoming payment
$0.26 per share
Pays 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. 7 payments in 2026 YTD. May 1, 2026 $0.07; Jun 1, 2026 $0.24; Jul 1, 2026 $0.22; Aug 3, 2026 $0.24; Sep 1, 2026 $0.20; Oct 1, 2026 $0.26; Nov 2, 2026 $0.26. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Pays Nov 4, 2026$0.26
Oct 1, 2026Oct 5, 2026$0.26
Sep 1, 2026Sep 3, 2026$0.20
Aug 3, 2026Aug 5, 2026$0.24
Jul 1, 2026Jul 6, 2026$0.22
Jun 1, 2026Jun 3, 2026$0.24
May 1, 2026May 5, 2026$0.07

VBCB Risk

Risk pillarA88 out of 100Rank 4 of 43 in Defined-Maturity Investment Grade Corporate
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.
0.05
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.

FMP measures it over up to five years of monthly returns.

VBCB Cost

Tied cheapest in Defined-Maturity Investment Grade Corporate

$1,689

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • VBCB 0.08%

    $1,689

$10,000
30 years

Cost over time

  • VBCB 0.08%
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$500$1K$1.5K$2K051015202530VBCB $1,689

Year by year

YearVBCB
10$147
20$575
30$1,689

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