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Launched

Vanguard Target Maturity 2034 Corporate Bond ETF

VBCHNasdaqC

$71.79−0.01 (−0.02%)

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

C53/ 100

Rank 32 of 43 in Defined-Maturity Investment Grade Corporate

C53/100Rank 32 of 43inDefined-Maturity Investment Grade Corporate
Intraday session: down, 14 prints from 71.81 to 71.79. Range 71.75 to 71.84. Use the arrow keys to read each point.71.7671.7871.8271.8410 AM12 PM2 PM4 PM
Expense ratio
0.08%
Fund size
$12M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
353
Avg volume · 30D
0M sh
NAV per share
$71.59
52W range
low $70.90high $76.58
Launched

The ETF.net VBCH Grade

Based on 5 of 6 pillars

C

Score 53 out of 100

Category
Defined-Maturity Investment Grade Corporate⁠
Rank
32 of 43
Six-pillar profile for VBCH. Scores out of 100: Cost 87, Risk 30, Mission not scored, Tradability 15, Holdings 53, Durability 42. Strongest: Cost (87). Weakest: Tradability (15). Based on 5 of 6 pillars.

Score 53 of 100 falls in the C 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.
    Not scored

  • 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.
    F15 out of 100
    Rank 41 of 43

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    C53 out of 100
    Rank 27 of 42

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C42 out of 100
    Rank 30 of 43

Our read on VBCH

ETF.net Research

CA hold-to-maturity bond, wrapped in an ETF. VBCH owns investment-grade corporates maturing in 2034, then winds down on or about December 15, 2034 and pays holders out. Vanguard's take on the term-bond rung, at 0.08% a year.

Stated mandate

The fund seeks to track a market-weighted index of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2034. It uses a passive indexing approach and has a planned liquidation around December 15, 2034.

Why people hold it

  1. 01Has an end date, which most bond funds don't: it tracks an index of US dollar investment-grade corporates maturing in 2034, with a planned liquidation on or about December 15, 2034.sec.gov
  2. 02Costs 0.08% a year, below the typical target-maturity bond ETF and under the 0.10% charged on iBonds and BulletShares rungs such as IBDU, BSCT and BSCU.
  3. 03One rung in a 10-fund Vanguard suite covering consecutive maturity years, so the years can be stacked into a ladder without buying individual bonds.prnewswire.com
  4. 04Market-weighted indexing, not a manager's bond picks: exposure spreads across many corporate issuers rather than resting on one company's paper.sec.gov

Worth knowing

  1. 01Corporate credit only, no Treasuries, so the 2034 outcome rides on investment-grade issuers paying up. Income arrives quarterly.sec.gov
  2. 02In the last 12 months before the liquidation date, maturing bonds move into cash and cash equivalents, and the fund's yield generally drifts toward money market rates.prnewswire.com
  3. 03Launched in 2026 and still a small, lightly traded fund, which can mean wider bid-ask spreads than the long-established term bond ETFs.

VBCH Holdings

As of Oct 11, 2026
Asset class
Other
Holdings
353
Top-10 weight
10%
Largest holding
Goldman Sachs Group Inc/The 5.02% 10/23/20351.7%
The fund’s holdings, weight-ordered — page 1 of 24.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Goldman Sachs Group Inc/The 5.02% 10/23/20351.67%2,040$196K14
002—Bank of America Corp 5.47% 01/23/20351.32%1,540$154K16
003—JPMorgan Chase & Co 5.29% 07/22/20351.07%1,260$125K10
004—Morgan Stanley 5.47% 01/18/20351.00%1,180$117K9
005—Bank of America Corp 5.52% 10/25/20350.94%1,120$110K12
006—Morgan Stanley 5.32% 07/19/20350.93%1,110$109K19
007—AbbVie Inc 5.05% 03/15/20340.87%1,030$102K13
008—Wells Fargo & Co 5.50% 01/23/20350.83%970$97K15
009—Citigroup Inc 5.83% 02/13/20350.78%910$91K13
010—JPMorgan Chase & Co 5.34% 01/23/20350.77%910$91K11
011—AT&T Inc 5.40% 02/15/20340.76%900$89K10
012—Bristol-Myers Squibb Co 5.20% 02/22/20340.73%860$86K9
013—Broadcom Inc 3.47% 04/15/20340.73%990$85K11
014—Bank of America Corp 5.42% 08/15/20350.72%860$85K12
015—Cisco Systems Inc 5.05% 02/26/20340.72%850$84K10

Showing 1–15 of 353 holdings

VBCH 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.
VBCH$9,709
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. VBCH $9,709. SPY $10,332. Use the arrow keys to read each point.$9,577$9,989$10,402Jul 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 VBCH. Periods over one year show the average yearly return.
PeriodVBCH
Year to dateFund launched this year—
1 month−1.1%
3 months−2.9%
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 VBCH
YearReturn barVBCH
2026 YTD−1.4%

History from Mar 26, 2026

VBCH in the news

Filtered to VBCH · Defined-Maturity Investment Grade Corporate

VBCH Dividends

Last payment
$0.32 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 $0.35; Jun 1, 2026 $0.32; Jul 1, 2026 $0.31; Aug 3, 2026 $0.30; Sep 1, 2026 $0.27; Oct 1, 2026 $0.32. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Oct 1, 2026Oct 5, 2026$0.32
Sep 1, 2026Sep 3, 2026$0.27
Aug 3, 2026Aug 5, 2026$0.30
Jul 1, 2026Jul 6, 2026$0.31
Jun 1, 2026Jun 3, 2026$0.32
May 1, 2026May 5, 2026$0.35

VBCH 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.
0.13
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.

VBCH 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.

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

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