Symbols

VCIT

Vanguard Intermediate-Term Corporate Bond ETF·NASDAQ

--(--)

Key Stats

Assets Under Management

63.80BUSD

Fund Flow (1Y)

11.83BUSD

Dividend Yield

5.15%

Discount / Premium to NAV

-0.07%

Shares Outstanding

767.90M

Expense Ratio

0.03%

About Vanguard Intermediate-Term Corporate Bond ETF

Issuer

Vanguard

Brand

Vanguard

Home Page

https://investor.vanguard.com/investment-products/etfs/profile/vcit

Inception Date

Nov 19, 2009

Structure

Open-Ended Fund

Index Tracked

Bloomberg US 5-10 Year Corporate Bond Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Ordinary income

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

The Vanguard Group, Inc.

Distributor

Vanguard Marketing Corp.

The fund is passively managed to provide exposure to the investment grade segment of the US corporate bond space. It is an intermediate-term bond fund that adopts a slightly more stringent definition of intermediate by excluding bonds with maturities of under 5 years and over 10. As a result, it has a longer weighted-average maturity than most intermediate-term credit funds. Unsurprisingly, the fund also has a longer effective duration than its peers and boasts one of the highest yields in the segment. Its sector coverage, however, is quite market-like. In all, the fund delivers on its mandate for balanced exposure to the 5-10 year pocket of the investment grade corporate bond space. The fund utilizes a sampling strategy to track its index.