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VBCH

GradeBNASDAQ Global Market

Vanguard Target Maturity 2034 Corporate Bond ETF

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

$72.42−0.82 (−1.12%)

As of Sep 23, 2026, 3:03 PM EDT

History starts Mar 26, 2026.History starts Mar 26, 2026.History starts Mar 26, 2026.
Intraday session: down, 22 prints from 73.25 to 72.42. Range 72.39 to 73.13. Use the arrow keys to read each point.$72.60$72.80$73.00$73.2010 AM12 PM2 PM4 PM
Expense ratio
0.08%
Fund size
$12M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$73.09
52W range
low $72.73high $76.58

The ETF.net VBCH Grade

B

58/ 100

Rank 27 of 43 in Defined-Maturity Investment Grade Corporate⁠

Confidence Medium

Six-pillar profile for VBCH. Scores out of 100: Cost 87, Risk 51, Mission not scored, Tradability 16, Holdings 53, Durability 42. Strongest: Cost (87). Weakest: Tradability (16). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 58 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 rank9/43 · top 21%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 51
    Category rank15/43 · top 35%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 16
    Category rank42/43 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 53
    Category rank26/42 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 42
    Category rank30/43 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on VBCH

ETF.net Research

BA 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 Sep 21, 2026, 7:39 PM
Asset class
Other
Holdings
—
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$109K18
007—AbbVie Inc 5.05% 03/15/20340.87%1,030$102K13
008—Wells Fargo & Co 5.50% 01/23/20350.83%970$97K16
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$85K10
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

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

VBCH$9,844
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. VBCH $9,844. SPY $10,415. Use the arrow keys to read each point.$9,729$10,116$10,503Jun 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 VBCH. Periods over one year show the average yearly return.
PeriodVBCH
Year to dateFund launched this year—
1 month−0.9%
3 months−1.6%
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 VBCH
YearReturn barVBCH
2026 YTD+0.1%

History from Mar 26, 2026

VBCH in the news

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

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