Skip to content
etf.net

Launched

Vanguard Target Maturity 2031 Corporate Bond ETF

VBCENasdaqB

$72.96−0.05 (−0.07%)

At close: Oct 13, 2026, 4:00 PM

B64/ 100

Rank 17 of 43 in Defined-Maturity Investment Grade Corporate

B64/100Rank 17 of 43inDefined-Maturity Investment Grade Corporate
Intraday session: down, 37 prints from 73.01 to 72.96. Range 72.92 to 73.00. Use the arrow keys to read each point.72.9272.9472.9873.0010 AM12 PM2 PM4 PM
Expense ratio
0.08%
Fund size
$52M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
593
Avg volume · 30D
0M sh
NAV per share
$72.87
52W range
low $72.40high $76.28
Launched

The ETF.net VBCE Grade

Based on 5 of 6 pillars

B

Score 64 out of 100

Category
Defined-Maturity Investment Grade Corporate⁠
Rank
17 of 43
Six-pillar profile for VBCE. Scores out of 100: Cost 87, Risk 56, Mission not scored, Tradability 31, Holdings 71, Durability 40. Strongest: Cost (87). Weakest: Tradability (31). Based on 5 of 6 pillars.

Score 64 of 100 falls in the B 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 100
    Rank 2 of 43

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B56 out of 100
    Rank 17 of 43

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D31 out of 100
    Rank 37 of 43

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A71 out of 100
    Rank 16 of 42

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C40 out of 100
    Rank 33 of 43

Our read on VBCE

ETF.net Research

BA single rung of a bond ladder in ETF form: investment-grade corporate bonds maturing during 2031, with a planned liquidation on or about December 15, 2031. Vanguard's low-cost entry into a niche iShares and Invesco built.

Stated mandate

The fund seeks to track the ICE 2031 Maturity US Corporate Constrained Index, which consists of U.S. dollar-denominated, investment-grade corporate bonds maturing during 2031.

Why people hold it

  1. 01Defined maturity, not perpetual: the index holds corporates maturing in 2031 with a planned liquidation on or about December 15, 2031, so cash comes back like a matured bond.investor.vanguard.com
  2. 02Costs 0.08% a year, under the 0.10% charged on comparable corporate rungs from iBonds (IBDU) and BulletShares (BSCT), and under the cohort median.
  3. 03Rules-based and investment-grade only: it tracks the ICE 2031 Maturity US Corporate Constrained Index, so no manager is picking which credits ride along.
  4. 04One rung in a year-by-year Vanguard lineup (VBCB covers 2028), so a maturity ladder can be assembled without buying individual bonds.investor.vanguard.com

Worth knowing

  1. 01Launched in 2026 and still a small, lightly traded fund, which can mean wider spreads than the long-established target-maturity lineups.
  2. 02Corporate credit, not Treasuries: issuers can be downgraded or default, and the price still swings with rates until the 2031 wind-down.investor.vanguard.com
  3. 03Income lands quarterly and floats with whatever the underlying 2031 bonds pay; nothing about the payout is fixed.

VBCE Holdings

As of Oct 11, 2026
Asset class
Other
Holdings
593
Top-10 weight
8%
Largest holding
Space Exploration Technologies Corp 5.35% 07/15/20311.2%
The fund’s holdings, weight-ordered — page 1 of 40.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Space Exploration Technologies Corp 5.35% 07/15/20311.19%6,310$617K33
002—Amazon.com Inc 4.25% 03/13/20310.90%4,790$465K12
003—Goldman Sachs Group Inc/The 2.38% 07/21/20320.79%4,700$410K14
004—Amazon.com Inc 4.80% 07/09/20310.72%3,750$372K12
005—JPMorgan Chase & Co 4.62% 04/23/20320.72%3,800$371K13
006—Bank of America Corp 2.30% 07/21/20320.70%4,140$362K11
007—Goldman Sachs Group Inc/The 4.52% 01/21/20320.69%3,680$357K16
008—NVIDIA Corp 4.50% 06/15/20310.66%3,510$343K12
009—Morgan Stanley 4.81% 04/16/20320.64%3,380$331K13
010—Oracle Corp 4.95% 02/04/20310.61%3,280$314K17
011—JPMorgan Chase & Co 5.04% 07/23/20320.59%3,070$305K14
012—Morgan Stanley 1.93% 04/28/20320.58%3,470$299K12
013—Goldman Sachs Group Inc/The 2.65% 10/21/20320.57%3,380$297K15
014—Wells Fargo & Co 4.84% 05/20/20320.56%2,920$287K16
015—Bank of America Corp 4.70% 04/23/20320.55%2,920$286K15

Showing 1–15 of 593 holdings

VBCE 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.
VBCE$9,838
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. VBCE $9,838. SPY $10,332. Use the arrow keys to read each point.$9,608$10,004$10,400Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

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.

Trailing total return for VBCE. Periods over one year show the average yearly return.
PeriodVBCE
Year to dateFund launched this year—
1 month−0.4%
3 months−1.6%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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 VBCE
YearReturn barVBCE
2026 YTD−0.4%

History from Mar 26, 2026

VBCE in the news

Filtered to VBCE · Defined-Maturity Investment Grade Corporate

VBCE Dividends

Last payment
$0.28 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. 6 payments in 2026 YTD. May 1, 2026 $0.10; Jun 1, 2026 $0.26; Jul 1, 2026 $0.27; Aug 3, 2026 $0.28; Sep 1, 2026 $0.28; Oct 1, 2026 $0.28. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 1, 2026Oct 5, 2026$0.28
Sep 1, 2026Sep 3, 2026$0.28
Aug 3, 2026Aug 5, 2026$0.28
Jul 1, 2026Jul 6, 2026$0.27
Jun 1, 2026Jun 3, 2026$0.26
May 1, 2026May 5, 2026$0.10

VBCE 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.
0.09
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.

VBCE 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.

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

Other funds in Defined-Maturity Investment Grade Corporate

See others