Vanguard Long-Term Corporate Bond Fund is great for long-term investment-grade corporate bond market exposure, thanks to a broadly diversified portfolio and rock-bottom fee. It is hard to beat for exposure to that market, justifying a Morningstar Analyst Rating of Gold. It tracks the market-value-weighted Bloomberg Barclays U.S. 10+ Year Corporate Index, which includes U.S. investment-grade corporate bonds with at least 10 years remaining to maturity.
Vanguard Long-Term Corporate Bd Idx Ins VLCIX
NAV / 1-Day Return
33.55
/
0.27
%
Total Assets
4.9 Bil
Adj. Expense Ratio
Adjusted Expense Ratio excludes certain variable investment-related expenses, such as interest from borrowings and dividends on borrowed securities, allowing for more consistent cost comparisons across funds.
0.050%
Expense Ratio
0.050%
Fee Level
Low
Longest Manager Tenure
12.19
years
Category
Long-Term Bond
Credit Quality / Interest Rate Sensitivity
Medium / ExtensiveMin. Initial Investment
5,000,000
Status
Open
TTM Yield
3.05%
Effective Duration
14.88
years
Premium
Morningstar’s Analysis
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
The Morningstar Analysis section contains a thorough evaluation of an investment’s merits and drawbacks and often discusses the most important or decisive factors leading to the fund’s overall rating.
Will VLCIX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
Process Pillar
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VLCIX’s performance objective and investment process is for both security selection and portfolio construction.
People Pillar
The People Pillar is our evaluation of the VLCIX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
Parent Pillar
The Parent Pillar is our rating of VLCIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
Cheap exposure to the long-term investment-grade corporate bond market.
