---
ticker: "VBCF"
name: "Vanguard Target Maturity 2032 Corporate Bond ETF"
url: "https://etf.net/etf/VBCF"
grade: "B"
score: 68
graded_at: "2026-10-12"
category: "Defined-Maturity Investment Grade Corporate"
category_rank: "13 of 43"
methodology: "https://etf.net/methodology"
---

# VBCF: Vanguard Target Maturity 2032 Corporate Bond ETF

Grade **B**, Score 68 of 100. Rank 13 of 43 in Defined-Maturity Investment Grade Corporate.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 87 | 2 of 43 |
| Mission | 100 | 1 of 32 |
| Risk | 39 | 22 of 43 |
| Tradability | 25 | 38 of 43 |
| Holdings | 56 | 23 of 42 |
| Durability | 51 | 23 of 43 |

## Top holdings

The fund holds 386 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | — | Bank of America Corp 5.01% 07/22/2033 | 1.39% |
| 2 | — | Wells Fargo & Co 3.35% 03/02/2033 | 1.08% |
| 3 | — | Citigroup Inc 6.27% 11/17/2033 | 1.06% |
| 4 | — | JPMorgan Chase & Co 4.91% 07/25/2033 | 1.03% |
| 5 | — | Wells Fargo & Co 4.90% 07/25/2033 | 1.01% |
| 6 | — | Meta Platforms Inc 3.85% 08/15/2032 | 0.99% |
| 7 | — | AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.30% 01/30/2032 | 0.98% |
| 8 | — | Goldman Sachs Group Inc/The 3.10% 02/24/2033 | 0.97% |
| 9 | — | Verizon Communications Inc 2.35% 03/15/2032 | 0.96% |
| 10 | — | Oracle Corp 4.80% 09/26/2032 | 0.90% |
| 11 | — | Bank of America Corp 4.57% 04/27/2033 | 0.83% |
| 12 | — | Bank of America Corp 2.97% 02/04/2033 | 0.81% |
| 13 | — | Meta Platforms Inc 4.60% 11/15/2032 | 0.80% |
| 14 | — | Morgan Stanley 6.34% 10/18/2033 | 0.72% |
| 15 | — | JPMorgan Chase & Co 5.72% 09/14/2033 | 0.72% |
| 16 | — | Amazon.com Inc 4.70% 12/01/2032 | 0.69% |
| 17 | — | JPMorgan Chase & Co 2.96% 01/25/2033 | 0.67% |
| 18 | — | Morgan Stanley 4.89% 07/20/2033 | 0.66% |
| 19 | — | HSBC Holdings PLC 5.40% 08/11/2033 | 0.64% |
| 20 | — | HSBC Holdings PLC 8.11% 11/03/2033 | 0.63% |
| 21 | — | AT&T Inc 2.25% 02/01/2032 | 0.62% |
| 22 | — | Sprint Capital Corp 8.75% 03/15/2032 | 0.60% |
| 23 | — | JPMorgan Chase & Co 4.59% 04/26/2033 | 0.59% |
| 24 | — | Morgan Stanley 2.94% 01/21/2033 | 0.58% |
| 25 | — | Citigroup Inc 3.06% 01/25/2033 | 0.57% |
| 26 | — | Amazon.com Inc 3.60% 04/13/2032 | 0.56% |
| 27 | — | US Bancorp 5.85% 10/21/2033 | 0.54% |
| 28 | — | Broadcom Inc 5.20% 04/15/2032 | 0.54% |
| 29 | — | HCA Inc 3.63% 03/15/2032 | 0.54% |
| 30 | — | HSBC Holdings PLC 4.76% 03/29/2033 | 0.53% |

Source: etf.net, https://etf.net/etf/VBCF. Please cite the page URL.