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VCHY

GradeAChicago Board Options Exchange

Vanguard Malvern Funds - Vanguard U.S. High-Yield Corporate Bond Index ETF

High Yield Bond · Vanguard · Inception 2026-06-02 · SEC filings

$73.76−0.46 (−0.62%)

As of Sep 23, 2026, 2:19 PM EDT

History starts Jun 4, 2026.History starts Jun 4, 2026.History starts Jun 4, 2026.
Intraday session: down, 36 prints from 74.22 to 73.76. Range 73.70 to 74.09. Use the arrow keys to read each point.$73.70$73.90$74.00$74.1010 AM12 PM2 PM4 PM
Expense ratio
0.05%
Fund size
$79M
1Y return
—
Yield · Last 12 months
Data unavailable
Volume · 30D
0M sh
NAV per share
$74.07
52W range
low $73.94high $75.52

The ETF.net VCHY Grade

A

76/ 100

Rank 11 of 85 in US High Yield⁠

Confidence Medium

Six-pillar profile for VCHY. Scores out of 100: Cost 98, Risk 45, Mission not scored, Tradability 66, Holdings 95, Durability 35. Strongest: Cost (98). Weakest: Durability (35). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 76 of 100 sits in the A 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 98
    Category rank4/85 · top 5%

  • 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 45
    Category rank65/85 · bottom quartile

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 66
    Category rank22/85 · top 26%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 95
    Category rank3/85 · top 4%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    DScore 35
    Category rank68/85 · bottom quartile

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

VCHY Holdings

As of Sep 21, 2026, 7:39 PM
Asset class
Other
Holdings
—
Top-10 weight
4%
Largest holding
MKTLIQ 12/31/20491.1%
The fund’s holdings, weight-ordered — page 1 of 121.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001—MKTLIQ 12/31/20491.15%8,942$894K106
002—1261229 BC Ltd 10.00% 04/15/20320.42%3,120$324K21
003—EchoStar Corp 10.75% 11/30/20290.39%2,780$300K13
004—Meridian Arc Holdco LLC 6.25% 04/30/20310.37%3,070$292K31
005—Centene Corp 4.63% 12/15/20290.33%2,650$258K23
006—PR RNO Property Owner 1 LLC 6.50% 05/01/20310.29%2,460$228K33
007—Quikrete Holdings Inc 6.38% 03/01/20320.28%2,140$217K26
008—TransDigm Inc 6.38% 03/01/20290.25%1,960$199K23
009—Cloud Software Group LLC 6.50% 03/31/20290.25%1,970$196K20
010—TransDigm Inc 6.63% 03/01/20320.25%1,910$195K18
011—Cloud Software Group LLC 9.00% 09/30/20290.24%1,890$189K21
012—SV RNO Property Owner 1 LLC 5.88% 03/01/20310.24%2,050$188K31
013—Galaxy Helios Data Centers II LLC 9.88% 08/01/20310.24%1,890$187K18
014—CCO Holdings LLC / CCO Holdings Capital Corp 4.75% 03/01/20300.24%1,970$187K20
015—Venture Global LNG Inc 9.50% 02/01/20290.24%1,730$186K20

Showing 1–15 of 1805 holdings

VCHY Performance

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

VCHY$10,020
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. VCHY $10,020. 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 VCHY. Periods over one year show the average yearly return.
PeriodVCHY
Year to dateFund launched this year—
1 month−0.7%
3 months+0.2%
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 VCHY
YearReturn barVCHY
2026 YTD+0.3%

History from Jun 4, 2026

VCHY in the news

VCHY 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
$0.36 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. 3 payments in 2026 YTD. Jul 1, 2026 $0.37; Aug 3, 2026 $0.38; Sep 1, 2026 $0.36. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 1, 2026Sep 3, 2026$0.36
Aug 3, 2026Aug 5, 2026$0.38
Jul 1, 2026Jul 6, 2026$0.37

VCHY Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Jun 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 Jun 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 Jun 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.
0.00
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.

VCHY Cost

Expense ratio0.05%
  • The middle half of US High Yield funds
  • Median 0.43%

1 of the 84 US High Yield funds charge less.

VCHY costs $5.00 a year on $10,000. The median US High Yield fund costs $43.50.