Vanguard Target Maturity 2032 Corporate Bond ETF

Vanguard Target Maturity 2032 Corporate Bond ETF

About

Vanguard Target Maturity 2032 Corporate Bond ETF (US9219388587) is a US-listed bond ETF tracking the ICE 2032 Maturity US Corporate Constrained Index. With a expense ratio of 0.08%, it ranks among the lowest-cost options in its category, paying distributions. The fund holds 367 positions across 15 regions with 36M in assets, with heavy concentration — 85% in United States, 99% in corporate bonds.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database.
Component Score Details
Overall 6.0 Diversification (45%) · Cost (30%) · Liquidity (25%)
Cost (30%) 9.1 Tracking Difference: 9.2 · TD Consistency: — · Expense Ratio: 8.9
Diversification (45%) 4.8 Holding Count: 5.8 · Country Concentration: 6.1 · Sector Concentration: 1.1
Liquidity (25%) 4.6 Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

Ticker VBCF
ISIN
Fund Size $36.4M
Issuer Vanguard
Distribution Pays Distributions
Replication Physical
Inception Mar 2026
Base Currency USD
Index ICE 2032 Maturity US Corporate Constrained Index
Asset Class Bonds
Category Us Bond

Costs

9.1
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What expense ratio, tracking difference, and TD consistency measure

Expense ratio (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures the expense ratio plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.

Expense Ratio0.00%
 
Metric Value
Expense Ratio 0.08%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
Inception+0.00%
 
Period Cumulative Return
1 Month -0.01%
3 Months +0.00%
6 Months
1 Year
3 Years
5 Years
10 Years
YTD +0.00%
Since Inception +0.00%

Holdings

5.8
This fund holds 367 individual investments, offering moderate diversification compared to other ETFs.
#1
Wells Fargo & Co
1.18%
#2
JPMorgan Chase & Co
1.17%
#3
Bank of America Corp
1.16%
#4
Citigroup Inc
1.05%
#5
Bank of America Corp
1.03%
#6
AerCap Ireland Capital DAC / AerCap Global Aviation Trust
1.02%
#7
HSBC Holdings PLC
1.02%
#8
Morgan Stanley
1.02%
#9
Oracle Corp
1.00%
#10
Meta Platforms Inc
0.99%
View all holdings (50)
# Holding Ticker Weight
1 Wells Fargo & Co WFC 118.00%
2 JPMorgan Chase & Co JPM 117.00%
3 Bank of America Corp BAC 116.00%
4 Citigroup Inc C 105.00%
5 Bank of America Corp BAC 103.00%
6 AerCap Ireland Capital DAC / AerCap Global Aviation Trust AER 102.00%
7 HSBC Holdings PLC HSBC 102.00%
8 Morgan Stanley MS 102.00%
9 Oracle Corp ORCL 100.00%
10 Meta Platforms Inc 99.00%
11 Verizon Communications Inc VZ 98.00%
12 Wells Fargo & Co WFC 98.00%
13 Amazon.com Inc AMZN 96.00%
14 Citigroup Inc C 95.00%
15 Broadcom Inc AVGO 94.00%
16 Goldman Sachs Group Inc/The GS 92.00%
17 Meta Platforms Inc META 88.00%
18 Morgan Stanley MS 86.00%
19 Bank of America Corp BAC 84.00%
20 JPMorgan Chase & Co JPM 82.00%
21 Barclays PLC BACR 75.00%
22 AT&T Inc T 70.00%
23 JPMorgan Chase & Co JPM 68.00%
24 Sprint Capital Corp S 68.00%
25 Toronto-Dominion Bank/The TD 65.00%
26 HCA Inc 65.00%
27 Mitsubishi UFJ Financial Group Inc MUFG 61.00%
28 US Bancorp USB 58.00%
29 Lowe's Cos Inc 56.00%
30 Haleon US Capital LLC HLNLN 55.00%
31 BP Capital Markets America Inc BPLN 53.00%
32 Oracle Corp 53.00%
33 GE HealthCare Technologies Inc GEHC 53.00%
34 BAT Capital Corp BATSLN 52.00%
35 Rogers Communications Inc RCICN 52.00%
36 Ford Motor Co F 52.00%
37 NextEra Energy Capital Holdings Inc NEE 50.00%
38 American Express Co 50.00%
39 Philip Morris International Inc PM 49.00%
40 Citigroup Inc C 47.00%
41 Home Depot Inc/The HD 47.00%
42 Synopsys Inc 46.00%
43 HSBC Holdings PLC HSBC 46.00%
44 Altria Group Inc MO 45.00%
45 General Motors Financial Co Inc GM 44.00%
46 Coca-Cola Co/The KO 43.00%
47 Dell International LLC / EMC Corp 43.00%
48 UnitedHealth Group Inc 42.00%
49 Eli Lilly & Co 42.00%
50 Paychex Inc 42.00%

Sectors

1.1
This fund is concentrated in just a few of its 6 sectors, reducing diversification.
 
Sector Weight
Corporate Bonds 9882.00%
Unknown 48.00%
Consumer Staples 26.00%
Financials 20.00%
Consumer Discretionary 12.00%
Materials 12.00%

Regions

6.1
This fund invests across 16 countries, though its geographic allocation deviates somewhat from the global market.
 
Country Weight
United States 8454.00%
Canada 407.00%
United Kingdom 369.00%
Japan 252.00%
Ireland 119.00%
Australia 65.00%
Netherlands 60.00%
UNKNOWN 48.00%
Luxembourg 45.00%
MULT 44.00%
France 36.00%
Mexico 36.00%
Austria 23.00%
Singapore 18.00%
Bermuda 15.00%
Jersey 9.00%
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