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VBCG

GradeBNASDAQ Global Market

Vanguard Target Maturity 2033 Corporate Bond ETF

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

$72.49−0.73 (−1.00%)

As of Sep 23, 2026, 3:09 PM EDT

History starts Mar 26, 2026.History starts Mar 26, 2026.History starts Mar 26, 2026.
Intraday session: down, 34 prints from 73.22 to 72.49. Range 72.43 to 73.06. Use the arrow keys to read each point.$72.40$72.60$72.80$73.0010 AM12 PM2 PM4 PM
Expense ratio
0.08%
Fund size
$13M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$73.13
52W range
low $72.82high $76.32

The ETF.net VBCG Grade

B

67/ 100

Rank 15 of 43 in Defined-Maturity Investment Grade Corporate⁠

Confidence High

Six-pillar profile for VBCG. Scores out of 100: Cost 87, Risk 39, Mission 100, Tradability 19, Holdings 55, Durability 45. Strongest: Mission (100). Weakest: Tradability (19). Leans toward Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 67 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 rank8/43 · top 19%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 100
    Category rank20/32 · mid-pack

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 39
    Category rank29/43 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 19
    Category rank40/43 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 55
    Category rank25/42 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 45
    Category rank28/43 · mid-pack

Graded as of Sep 22, 2026

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 Sep 21, 2026, 7:39 PM
Asset class
Other
Holdings
—
Top-10 weight
11%
Largest holding
Space Exploration Technologies Corp 5.65% 07/15/20331.4%

Geography

  • United States83.69%
  • United Kingdom4.37%
  • Canada3.16%
  • Japan2.46%
  • Spain1.34%
  • Singapore1.20%
  • Luxembourg0.93%
  • Australia0.74%
  • Other countries (6)2.11%
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$135K11
006—Wells Fargo & Co 5.56% 07/25/20341.01%1,320$133K17
007—Amgen Inc 5.25% 03/02/20330.94%1,230$123K18
008—Wells Fargo & Co 6.49% 10/23/20340.93%1,150$122K12
009—Bank of America Corp 5.29% 04/25/20340.91%1,200$119K14
010—NVIDIA Corp 4.75% 06/15/20330.86%1,170$113K14
011—Wells Fargo & Co 5.39% 04/24/20340.85%1,120$112K13
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

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

VBCG$9,853
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. VBCG $9,853. 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 VBCG. Periods over one year show the average yearly return.
PeriodVBCG
Year to dateFund launched this year—
1 month−0.9%
3 months−1.5%
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 VBCG
YearReturn barVBCG
2026 YTD−0.1%

History from Mar 26, 2026

VBCG in the news

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

VBCG 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
$0.31 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 $0.34; Jun 1, 2026 $0.29; Jul 1, 2026 $0.27; Aug 3, 2026 $0.28; Sep 1, 2026 $0.31. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
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.