Vanguard Target Maturity 2032 Corporate Bond (VBCF) ETF Holdings & Analysis
ETFOther
What VBCF does
VBCF is an exchange-traded fund belonging to Vanguard's Target Maturity Corporate Bond series. Distinct from a typical bond fund, this ETF is structured to perform more like a single bond. It offers a precise, fixed maturity date of December 15, 2032, meaning its exposure to the US corporate investment-grade bond market is tied to this specific end date, rather than continuously maintaining a particular maturity profile. As the fund progresses towards its maturity, its remaining term, interest rate sensitivity (duration), and yield-to-maturity will gradually decrease. Upon reaching its target date, VBCF will undergo liquidation, distributing all capital back to its investors. This unique design makes it an ideal component for constructing a bond ladder strategy. Ultimately, the fund provides an effective pathway to invest in a diverse collection of high-quality US corporate bonds, emulating the entire lifespan of an individual debt instrument.
Fund profile
Top holdings
| Holding | Weight | |
|---|---|---|
| Bank of America Corp 5.01% 07/22/2033 | 1.49% | |
| JPMorgan Chase & Co 4.91% 07/25/2033 | 1.15% | |
| Wells Fargo & Co 3.35% 03/02/2033 | 1.14% | |
| Citigroup Inc 6.27% 11/17/2033 | 1.14% | |
| Verizon Communications Inc 2.35% 03/15/2032 | 1.01% | |
| AerCap Ireland Capital DAC / AerCap Global Aviation Trust 3.30% 01/30/2032 | 0.98% | |
| Meta Platforms Inc 3.85% 08/15/2032 | 0.97% | |
| Wells Fargo & Co 4.90% 07/25/2033 | 0.96% | |
| Goldman Sachs Group Inc/The 3.10% 02/24/2033 | 0.96% | |
| Oracle Corp 4.80% 09/26/2032 | 0.87% |
Geographic allocation
| United States | 86.17% |
| Canada | 3.95% |
| United Kingdom | 3.63% |
| Japan | 2.21% |
| Ireland | 1.15% |
| Netherlands | 0.76% |
| Luxembourg | 0.67% |
| Australia | 0.63% |
| Mexico | 0.34% |
| France | 0.28% |
PortView Portfolio Insights
PortView analyzes how VBCF fits your actual portfolio — position weight, ETF overlap with your other funds, sector and geographic exposure, concentration, and how this fund contributes to your portfolio risk and return. Connect a portfolio to see your personalized figures; PortView never shows another user's private holdings.
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Frequently asked questions
- What does VBCF track?
- VBCF is the Vanguard Target Maturity 2032 Corporate Bond ETF, a Other ETF.
- What is the expense ratio of VBCF?
- Expense ratio data for VBCF is shown on the page when available from our data provider.
- What are the largest holdings in VBCF?
- Top holdings include Bank of America Corp 5.01% 07/22/2033, JPMorgan Chase & Co 4.91% 07/25/2033, Wells Fargo & Co 3.35% 03/02/2033, Citigroup Inc 6.27% 11/17/2033, Verizon Communications Inc 2.35% 03/15/2032.
- How can PortView analyze VBCF overlap with other ETFs?
- PortView computes the holdings overlap between VBCF and the other ETFs and stocks you own, plus your combined sector and geographic exposure, so you can see true diversification.
The information provided by PortView is for informational and educational purposes only and does not constitute investment advice. Market data may be delayed. Past performance does not guarantee future results.