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Launched

Vanguard Target Maturity 2031 Corporate Bond ETF

VBCENasdaqVanguardB

$73.46+0.02 (+0.03%)

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

B64/ 100

Rank 18 of 43 in Defined-Maturity Investment Grade Corporate

B64/100Rank 18 of 43inDefined-Maturity Investment Grade Corporate
Intraday session: up, 79 prints from 73.44 to 73.46. Range 73.43 to 73.59. Use the arrow keys to read each point.73.5073.5373.5573.5810 AM12 PM2 PM4 PM
Expense ratio
0.08%
Fund size · all share classes
$51M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
613
Avg volume · 30D
13.6K sh
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
18 of 43
Six-pillar profile for VBCE. Scores out of 100: Cost 89, Risk 54, Mission not scored, Tradability 30, Holdings 70, Durability 38. Strongest: Cost (89). Weakest: Tradability (30). 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.
    A89 out of 100
    Rank 1 of 42

  • 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.
    C54 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.
    D30 out of 100
    Rank 35 of 43

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    A70 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.
    D38 out of 100
    Rank 35 of 43

Our read on VBCE

ETF.net Research

In short

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

  • Defined 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.vanguard.com
  • Costs 0.08% a year, under the 0.10% charged on comparable corporate rungs from iBonds (IBDU) and BulletShares (BSCT), and under the cohort median.
  • Rules-based and investment-grade only: it tracks the ICE 2031 Maturity US Corporate Constrained Index, so no manager is picking which credits ride along.
  • One rung in a year-by-year Vanguard lineup (VBCB covers 2028), so a maturity ladder can be assembled without buying individual bonds.vanguard.com

Worth knowing

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

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$9,965
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,141
Jul 31, 2026 to Oct 30, 2026. VBCE $9,965. SPY $10,141. Use the arrow keys to read each point.$10,000$10,250$10,500Jul 2026Sep 2026Oct 2026

Jul 31, 2026 – Oct 30, 2026

Returns run to the Oct 30, 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 yearNo data
1 month+1.6%
3 months−0.4%
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 VBCE
YearReturn barVBCE
2026 YTD+0.6%

History from Mar 26, 2026

VBCE in the news

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
Nov 2, 2026Pays Nov 4, 2026$0.28
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

Risk pillarC54 out of 100Rank 17 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.
0.09
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.

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

VBCE 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.

  • VBCE 0.08%

    $1,689

$10,000
30 years

Cost over time

  • VBCE 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$2K051015202530VBCE $1,689

Year by year

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

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