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Launched

Vanguard Target Maturity 2032 Corporate Bond ETF

VBCFNasdaqVanguardB

$72.95−0.53 (−0.71%)

As of Nov 10, 2026, 10:44 AM ET

B69/ 100

Rank 12 of 43 in Defined-Maturity Investment Grade Corporate

B69/100Rank 12 of 43inDefined-Maturity Investment Grade Corporate
Intraday session: down, 16 prints from 73.47 to 72.95. Range 72.95 to 73.10. Use the arrow keys to read each point.73.1073.2073.3073.4010 AM12 PM2 PM4 PM
Expense ratio
0.08%
Fund size · all share classes
$41M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
388
Avg volume · 30D
10.2K sh
52W range
low $71.94high $76.52
Launched

The ETF.net VBCF Grade

B

Score 69 out of 100

Category
Defined-Maturity Investment Grade Corporate⁠
Rank
12 of 43
Six-pillar profile for VBCF. Scores out of 100: Cost 89, Risk 43, Mission 100, Tradability 21, Holdings 56, Durability 47. Strongest: Mission (100). Weakest: Tradability (21). Leans toward Mission.

Score 69 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.
    A100 out of 100
    Rank 1 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    C43 out of 100
    Rank 22 of 43

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F21 out of 100
    Rank 38 of 43

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B56 out of 100
    Rank 24 of 42

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C47 out of 100
    Rank 27 of 43

Our read on VBCF

ETF.net Research

In short

BVanguard's 2032 rung: a market-weighted basket of investment-grade US corporate bonds that all come due in the same year, for 0.08% a year. A bond-ladder building block from the firm that made cheap indexing a habit.

Stated mandate

The fund seeks to follow a market-weighted index of U.S.-dollar-denominated, investment-grade corporate bonds scheduled to mature in 2032.

Why people hold it

  • 0.08% a year, below the 0.10% median for target-maturity bond funds and below what the iShares iBonds (IBDU) and Invesco BulletShares (BSCU) rungs charge.
  • Every bond in the index is scheduled to mature in 2032, so it works as one rung of a ladder rather than a fund that rolls its maturities forever. Income is paid quarterly.vanguard.com
  • Plain indexing of US-dollar investment-grade corporates through the ICE 2032 Maturity US Corporate Constrained Index. No credit picking, no duration calls.
  • One of the stronger builds in a target-maturity field of well over a hundred funds, with cost and portfolio construction doing the heavy lifting.

Worth knowing

  • Launched in 2026, so the track record is short. Like most young funds it runs a small asset base and trades lightly, which can widen the gap between bid and ask.
  • A target maturity year is not a promise of principal. These are corporate bonds in a fund wrapper: price and income move with rates and credit until the bonds come due.
  • Vanguard runs sibling rungs for other years (VBCB targets 2028), so the real decision is which maturity year matches the money you have earmarked.

VBCF 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.
VBCF$9,932
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$9,758
Aug 7, 2026 to Nov 9, 2026. VBCF $9,932. SPY $9,758. Use the arrow keys to read each point.$9,600$9,800$10,000Aug 2026Sep 2026Nov 2026

Aug 7, 2026 – Nov 9, 2026

Returns run to the Nov 9, 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 VBCF. Periods over one year show the average yearly return.
PeriodVBCF
Year to dateFund launched this yearNo data
1 month+1.8%
3 months−0.7%
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 VBCF
YearReturn barVBCF
2026 YTD+0.8%

History from Mar 26, 2026

VBCF in the news

VBCF 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. 7 payments in 2026 YTD. May 1, 2026 $0.10; Jun 1, 2026 $0.28; Jul 1, 2026 $0.29; Aug 3, 2026 $0.29; Sep 1, 2026 $0.29; Oct 1, 2026 $0.29; Nov 2, 2026 $0.28. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Nov 2, 2026Nov 4, 2026$0.28
Oct 1, 2026Oct 5, 2026$0.29
Sep 1, 2026Sep 3, 2026$0.29
Aug 3, 2026Aug 5, 2026$0.29
Jul 1, 2026Jul 6, 2026$0.29
Jun 1, 2026Jun 3, 2026$0.28
May 1, 2026May 5, 2026$0.10

VBCF Risk

Risk pillarC43 out of 100Rank 22 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.
0.10
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.

VBCF 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.

  • VBCF 0.08%

    $1,689

$10,000
30 years

Cost over time

  • VBCF 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$2K051015202530VBCF $1,689

Year by year

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

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