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VBCJ

GradeBNASDAQ Global Market

Vanguard Target Maturity 2036 Corporate Bond ETF

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

$71.84−1.01 (−1.39%)

As of Sep 23, 2026, 2:16 PM EDT

History starts Mar 26, 2026.History starts Mar 26, 2026.History starts Mar 26, 2026.
Intraday session: down, 24 prints from 72.86 to 71.84. Range 71.81 to 72.72. Use the arrow keys to read each point.$72.00$72.40$72.8010 AM12 PM2 PM4 PM
Expense ratio
0.08%
Fund size
$18M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$72.69
52W range
low $72.19high $76.64

The ETF.net VBCJ Grade

B

63/ 100

Rank 20 of 43 in Defined-Maturity Investment Grade Corporate⁠

Confidence High

Six-pillar profile for VBCJ. Scores out of 100: Cost 87, Risk 39, Mission 85, Tradability 23, Holdings 44, Durability 45. Strongest: Cost (87). Weakest: Tradability (23). Leans toward Cost and Mission.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 63 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 rank11/43 · top 26%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    AScore 85
    Category rank30/32 · bottom quartile

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    DScore 39
    Category rank24/43 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    FScore 23
    Category rank38/43 · bottom quartile

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 44
    Category rank31/42 · mid-pack

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 45
    Category rank29/43 · mid-pack

Graded as of Sep 22, 2026

Our read on VBCJ

ETF.net Research

BThe far rung of Vanguard's bond ladder: investment-grade corporate bonds that all mature in 2036, after which the fund liquidates and pays out. Individual-bond predictability in ETF form, 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 scheduled to mature in 2036.

Why people hold it

  1. 01Costs 0.08% a year, under the 0.10% typical of target-maturity corporate rivals such as IBDU and BSCT.investor.vanguard.com
  2. 02Built with an end date: the index has a planned liquidation on or about December 15, 2036, and the fund distributes income quarterly along the way.investor.vanguard.com
  3. 03The 2036 vintage is the long end of Vanguard's ten-fund target-maturity lineup, which runs 2027 through 2036, so it reaches furthest out the curve.sec.gov
  4. 04One index, one job: market-weighted U.S. investment-grade corporates scheduled to mature between January 1 and December 15, 2036. No credit calls, no maturity drift.investor.vanguard.com

Worth knowing

  1. 01A 2036 maturity means bigger price swings when rates move than the near-dated rungs. That sensitivity winds down as the liquidation date nears.fund-docs.vanguard.com
  2. 02Corporate credit, not Treasuries: investment grade at index inclusion, but downgrades and defaults are live risks that a Treasury vintage like IBTJ doesn't carry.fund-docs.vanguard.com
  3. 03A 2026 launch that trades lightly, so bid-ask spreads can run wider than on the long-established iShares and Invesco vintages.

VBCJ Holdings

As of Sep 21, 2026, 7:39 PM
Asset class
Other
Holdings
—
Top-10 weight
15%
Largest holding
Amazon.com Inc 4.88% 03/13/20361.7%

Geography

  • United States87.02%
  • United Kingdom4.29%
  • Japan2.53%
  • Canada1.48%
  • Spain1.22%
  • Luxembourg0.96%
  • Netherlands0.86%
  • Ireland0.59%
  • Other countries (4)1.04%
The fund’s holdings, weight-ordered — page 1 of 21.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—Amazon.com Inc 4.88% 03/13/20361.73%3,180$302K18
002—Meta Platforms Inc 5.25% 05/15/20361.71%3,100$298K15
003—Space Exploration Technologies Corp 5.88% 07/15/20361.68%3,120$294K31
004—Goldman Sachs Group Inc/The 5.07% 01/21/20371.45%2,660$253K16
005—Morgan Stanley 5.07% 01/30/20371.44%2,630$251K20
006—Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc 4.70% 02/01/20361.41%2,590$245K10
007—Alphabet Inc 5.45% 08/15/20361.34%2,350$233K16
008—Salesforce Inc 5.55% 03/15/20361.31%2,320$228K20
009—Oracle Corp 5.70% 02/04/20361.27%2,390$221K24
010—Amazon.com Inc 5.30% 07/09/20361.24%2,210$216K13
011—Alphabet Inc 4.80% 02/15/20361.20%2,190$209K13
012—Morgan Stanley 5.30% 04/10/20371.14%2,060$199K16
013—NVIDIA Corp 4.95% 06/15/20361.13%2,070$197K13
014—Abbott Laboratories 4.65% 03/15/20361.09%2,010$191K12
015—JPMorgan Chase & Co 4.90% 01/22/20371.05%1,930$184K15

Showing 1–15 of 303 holdings

VBCJ Performance

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

VBCJ$9,793
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. VBCJ $9,793. SPY $10,415. Use the arrow keys to read each point.$9,657$10,083$10,509Jun 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 VBCJ. Periods over one year show the average yearly return.
PeriodVBCJ
Year to dateFund launched this year—
1 month−0.7%
3 months−2.1%
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 VBCJ
YearReturn barVBCJ
2026 YTD−0.3%

History from Mar 26, 2026

VBCJ in the news

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

VBCJ 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
$0.30 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 $0.32; Jul 1, 2026 $0.30; Aug 3, 2026 $0.33; Sep 1, 2026 $0.30. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 3, 2026$0.30
Aug 3, 2026Aug 5, 2026$0.33
Jul 1, 2026Jul 6, 2026$0.30
Jun 1, 2026Jun 3, 2026$0.32
May 1, 2026May 5, 2026$0.36

VBCJ 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.

VBCJ 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.

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