VBCB – Vanguard Target Maturity 2028 Corp BdETF – ETF Investment Strategy | Morningstar

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Strategy

The investment seeks to track the performance of a market-weighted ICE 2028 Maturity U.S. Corporate Constrained Index composed of U.S. dollar-dominated, investment-grade corporate bonds maturing in 2028. Under normal circumstances, the fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the components of the target index or in securities determined by the fund’s advisor to have economic characteristics substantially identical to those of the target index components.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VBCB	Vanguard Target Maturity 2028 Corporate Bond ETF	ETF	Open	—	—	Mar 24, 2026	—	0.080%	—	—	—
VBCB	Vanguard Target Maturity 2028 Corporate Bond ETF	ETF	Open	—	—	Mar 24, 2026	$130.22M	0.080%	—	—	—

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