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Launched

Vanguard Target Maturity 2033 Corporate Bond ETF

VBCGNasdaqB

$72.06+0.03 (+0.04%)

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

B65/ 100

Rank 16 of 43 in Defined-Maturity Investment Grade Corporate

B65/100Rank 16 of 43inDefined-Maturity Investment Grade Corporate
Intraday session: up, 19 prints from 72.03 to 72.06. Range 71.99 to 72.11. Use the arrow keys to read each point.72.0072.0872.1010 AM12 PM2 PM4 PM
Expense ratio
0.08%
Fund size
$13M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
372
Avg volume · 30D
0M sh
NAV per share
$71.91
52W range
low $71.28high $76.32
Launched

The ETF.net VBCG Grade

B

Score 65 out of 100

Category
Defined-Maturity Investment Grade Corporate⁠
Rank
16 of 43
Six-pillar profile for VBCG. Scores out of 100: Cost 87, Risk 30, Mission 100, Tradability 16, Holdings 54, Durability 45. Strongest: Mission (100). Weakest: Tradability (16). Leans toward Mission.

Score 65 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.
    A100 out of 100
    Rank 1 of 32

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    D30 out of 100
    Rank 28 of 43

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F16 out of 100
    Rank 40 of 43

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C54 out of 100
    Rank 26 of 42

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C45 out of 100
    Rank 28 of 43

Our read on VBCG

ETF.net Research

BVanguard's version of a bond ladder rung: one ticker, investment-grade US corporate bonds that all come due in 2033, for 0.08% a year. It undercuts the fee the incumbents charge for the same job.

Stated mandate

The fund seeks to track a market-weighted index of U.S.-dollar-denominated, investment-grade corporate bonds that mature in 2033.

Why people hold it

  1. 010.08% a year, below the 0.10% target-maturity median and below the 0.10% on rival corporate rungs like IBDU, BSCT and BSCU.
  2. 02One trade gets a market-weighted slice of dollar-denominated investment-grade corporates maturing in 2033. No shopping for individual bonds.
  3. 03Sits in the upper tier of a crowded target-maturity field on cost and portfolio quality, alongside Vanguard's own 2028 rung.
  4. 04Interest arrives on a quarterly schedule while the 2033 date approaches.

Worth knowing

  1. 01Launched in 2026, so the track record is short and risk statistics are still thin.
  2. 02Newer and less traded than the long-running iBonds and BulletShares ladders, so spreads can be wider. Limit orders are the usual tool.
  3. 03It is all corporate credit stacked in a single maturity year, so it moves with investment-grade spreads instead of spreading bets across the curve.

VBCG Holdings

As of Oct 11, 2026
Asset class
Other
Holdings
372
Top-10 weight
11%
Largest holding
Space Exploration Technologies Corp 5.65% 07/15/20331.4%

Geography

  • United States84.31%
  • United Kingdom5.60%
  • Canada3.10%
  • Japan2.44%
  • Spain1.37%
  • Australia0.80%
  • Brazil0.57%
  • Netherlands0.56%
  • Other countries (4)1.25%
The fund’s holdings, weight-ordered — page 1 of 25.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Space Exploration Technologies Corp 5.65% 07/15/20331.42%1,940$187K26
002—Bank of America Corp 5.87% 09/15/20341.25%1,600$165K12
003—Pfizer Investment Enterprises Pte Ltd 4.75% 05/19/20331.19%1,610$157K10
004—Morgan Stanley 6.63% 11/01/20341.18%1,460$155K9
005—JPMorgan Chase & Co 5.35% 06/01/20341.03%1,350$135K10
006—Wells Fargo & Co 5.56% 07/25/20341.01%1,320$133K17
007—Amgen Inc 5.25% 03/02/20330.94%1,230$123K19
008—Wells Fargo & Co 6.49% 10/23/20340.93%1,150$122K13
009—Bank of America Corp 5.29% 04/25/20340.91%1,200$119K13
010—NVIDIA Corp 4.75% 06/15/20330.86%1,170$113K14
011—Wells Fargo & Co 5.39% 04/24/20340.85%1,120$112K14
012—JPMorgan Chase & Co 6.25% 10/23/20340.84%1,050$110K8
013—HSBC Holdings PLC 5.21% 05/12/20340.83%1,110$109K9
014—Goldman Sachs Group Inc/The 5.09% 04/20/20340.80%1,080$105K21
015—Amazon.com Inc 5.10% 07/09/20330.80%1,060$105K11

Showing 1–15 of 372 holdings

VBCG 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.
VBCG$9,744
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. VBCG $9,744. 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 VBCG. Periods over one year show the average yearly return.
PeriodVBCG
Year to dateFund launched this year—
1 month−0.9%
3 months−2.6%
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 VBCG
YearReturn barVBCG
2026 YTD−1.4%

History from Mar 26, 2026

VBCG in the news

Filtered to VBCG · Defined-Maturity Investment Grade Corporate

VBCG Dividends

Last payment
$0.26 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 $0.34; Jun 1, 2026 $0.29; Jul 1, 2026 $0.27; Aug 3, 2026 $0.28; Sep 1, 2026 $0.31; Oct 1, 2026 $0.26. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 1, 2026Oct 5, 2026$0.26
Sep 1, 2026Sep 3, 2026$0.31
Aug 3, 2026Aug 5, 2026$0.28
Jul 1, 2026Jul 6, 2026$0.27
Jun 1, 2026Jun 3, 2026$0.29
May 1, 2026May 5, 2026$0.34

VBCG 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.
0.10
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.

VBCG 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.

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

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