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VBCE

GradeBNASDAQ Global Market

Vanguard Target Maturity 2031 Corporate Bond ETF

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

$73.18−0.62 (−0.84%)

As of Sep 23, 2026, 2:15 PM EDT

History starts Mar 26, 2026.History starts Mar 26, 2026.History starts Mar 26, 2026.
Intraday session: down, 33 prints from 73.80 to 73.18. Range 73.15 to 73.63. Use the arrow keys to read each point.$73.40$73.6010 AM12 PM2 PM4 PM
Expense ratio
0.08%
Fund size
$52M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$73.63
52W range
low $73.48high $76.28

The ETF.net VBCE Grade

B

62/ 100

Rank 22 of 43 in Defined-Maturity Investment Grade Corporate⁠

Confidence Medium

Six-pillar profile for VBCE. Scores out of 100: Cost 87, Risk 45, Mission not scored, Tradability 33, Holdings 70, Durability 41. Strongest: Cost (87). Weakest: Tradability (33). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 62 of 100 sits in the B 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 rank6/43 · top 14%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 45
    Category rank18/43 · top 42%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 33
    Category rank35/43 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 70
    Category rank17/42 · top 40%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 41
    Category rank33/43 · bottom quartile

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

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 Sep 21, 2026, 7:39 PM
Asset class
Other
Holdings
—
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$617K32
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$410K13
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$362K10
007—Goldman Sachs Group Inc/The 4.52% 01/21/20320.69%3,680$357K17
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$305K12
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$297K14
014—Wells Fargo & Co 4.84% 05/20/20320.56%2,920$287K15
015—Bank of America Corp 4.70% 04/23/20320.55%2,920$286K15

Showing 1–15 of 593 holdings

VBCE Performance

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

VBCE$9,907
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. VBCE $9,907. 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 VBCE. Periods over one year show the average yearly return.
PeriodVBCE
Year to dateFund launched this year—
1 month−1.0%
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 VBCE
YearReturn barVBCE
2026 YTD+0.3%

History from Mar 26, 2026

VBCE in the news

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

VBCE 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
$0.28 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. 5 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. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
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.