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VBCI

GradeBNASDAQ Global Market

Vanguard Target Maturity 2035 Corporate Bond ETF

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

$72.00−0.97 (−1.34%)

As of Sep 23, 2026, 2:17 PM EDT

History starts Mar 26, 2026.History starts Mar 26, 2026.History starts Mar 26, 2026.
Intraday session: down, 30 prints from 72.97 to 72.00. Range 72.00 to 72.86. Use the arrow keys to read each point.$72.20$72.40$72.60$72.8010 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
$72.84
52W range
low $72.41high $76.58

The ETF.net VBCI Grade

B

65/ 100

Rank 18 of 43 in Defined-Maturity Investment Grade Corporate⁠

Confidence High

Six-pillar profile for VBCI. Scores out of 100: Cost 87, Risk 39, Mission 91, Tradability 19, Holdings 55, Durability 42. Strongest: Mission (91). Weakest: Tradability (19). Leans toward Mission and Cost.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 65 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 rank10/43 · top 23%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 91
    Category rank26/32 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 39
    Category rank23/43 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 19
    Category rank41/43 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    BScore 55
    Category rank24/42 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 42
    Category rank31/43 · mid-pack

Graded as of Sep 22, 2026

Our read on VBCI

ETF.net Research

BVanguard's take on the bond ladder: investment-grade corporate bonds that all come due in 2035, bundled into one ticker at a 0.08% fee, under the target-maturity norm. Late to a niche iBonds and BulletShares built, and priced accordingly.

Stated mandate

The fund seeks to track a market-weighted index of U.S.-dollar-denominated, investment-grade corporate bonds that mature in 2035.

Why people hold it

  1. 01Charges 0.08% a year, below the 0.10% median for target-maturity bond funds and the 0.10% on comparable corporate rungs from iBonds (IBDU) and BulletShares (BSCT).
  2. 02One rung of a ladder in one ticker: it tracks the ICE 2035 Maturity US Corporate Constrained Index, investment-grade corporates that all come due in the same year.advisors.vanguard.com
  3. 03Passively run and market-weighted, so no manager is picking credits. Pays income quarterly, and it sits in the top quartile of its target-maturity peer group.
  4. 04Every rung in Vanguard's target-maturity corporate lineup carries the same 0.08% fee, so reaching out to 2035 costs no more than the near-dated 2028 fund (VBCB).

Worth knowing

  1. 01Launched in 2026 with a small asset base and light trading, which tends to mean wider bid-ask spreads than the entrenched iBonds and BulletShares rungs.
  2. 02A 2035 target is a long rung. Until those bonds come due, the share price moves with interest rates, and nothing fixes the value you get at the end.
  3. 03This is corporate credit, not government debt. The bonds are investment grade, but issuers can be downgraded or default, a risk the Treasury versions (IBTJ) do not carry.

VBCI Holdings

As of Sep 21, 2026, 7:39 PM
Asset class
Other
Holdings
—
Top-10 weight
10%
Largest holding
Meta Platforms Inc 4.88% 11/15/20351.6%

Geography

  • United States88.49%
  • United Kingdom3.85%
  • Japan2.49%
  • Canada1.40%
  • Australia0.67%
  • Ireland0.63%
  • Netherlands0.62%
  • Spain0.58%
  • Other countries (5)1.27%
The fund’s holdings, weight-ordered — page 1 of 26.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Meta Platforms Inc 4.88% 11/15/20351.61%2,010$188K15
002—Morgan Stanley 5.59% 01/18/20361.06%1,240$124K11
003—JPMorgan Chase & Co 4.81% 10/22/20361.00%1,230$117K13
004—Goldman Sachs Group Inc/The 4.94% 10/21/20360.92%1,140$108K15
005—JPMorgan Chase & Co 5.58% 07/23/20360.92%1,080$107K13
006—Citigroup Inc 5.17% 09/11/20360.92%1,100$107K12
007—Amazon.com Inc 4.65% 11/20/20350.91%1,120$106K8
008—Broadcom Inc 3.14% 11/15/20350.90%1,310$105K17
009—Bank of America Corp 5.74% 02/12/20360.90%1,050$105K10
010—Alphabet Inc 4.70% 11/15/20350.89%1,090$103K14
011—Citigroup Inc 6.02% 01/24/20360.82%950$96K9
012—American Express Co 4.80% 10/24/20360.77%950$90K11
013—Bank of America Corp 5.51% 01/24/20360.76%890$89K16
014—Goldman Sachs Group Inc/The 5.54% 01/28/20360.74%870$86K13
015—Morgan Stanley 4.89% 10/22/20360.69%850$80K13

Showing 1–15 of 376 holdings

VBCI Performance

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

VBCI$9,808
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. VBCI $9,808. SPY $10,415. Use the arrow keys to read each point.$9,688$10,097$10,506Jun 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 VBCI. Periods over one year show the average yearly return.
PeriodVBCI
Year to dateFund launched this year—
1 month−0.8%
3 months−1.9%
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 VBCI
YearReturn barVBCI
2026 YTD−0.2%

History from Mar 26, 2026

VBCI in the news

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

VBCI 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
$0.33 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 $0.36; Jun 1, 2026 $0.29; Jul 1, 2026 $0.32; Aug 3, 2026 $0.33; Sep 1, 2026 $0.33. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 3, 2026$0.33
Aug 3, 2026Aug 5, 2026$0.33
Jul 1, 2026Jul 6, 2026$0.32
Jun 1, 2026Jun 3, 2026$0.29
May 1, 2026May 5, 2026$0.36

VBCI 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.

VBCI 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.

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