VANGUARD INTERMEDIATE-TERM CORPORATE BOND INDEX FUND
VANGUARD SCOTTSDALE FUNDS · Series S000026863 · 3 share classes
data updated 2026-09-08
Fund profile
As filed in the prospectus · 2026 Q2
Vanguard Intermediate-Term Corporate Bond Index Fund (the Fund) seeks to track the performance of a market-weighted corporate bond index with an intermediate-term dollar-weighted average maturity.
The fund tracks the Bloomberg U.S. 5-10 Year Corporate Bond Index using a sampling approach, holding a range of investment-grade corporate bonds with maturities between 5 and 10 years that approximate the index's key risk factors and characteristics. Because the fund samples rather than holds all index constituents, its returns may diverge from the index.
| Share class | Expense ratio |
|---|---|
| VICSX | 0.06% |
| VICBX | 0.03% |
| VCIT | 0.03% |
Portfolio turnover 85.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 98.81% |
| Cash & short-term | 0.24% |
| Derivatives | -0.01% |
The outer band is exposure held short — written against the portfolio rather than part of it, which is why it sits outside the ring and why the two are never netted into one figure.
Derivatives are shown at market value, not notional exposure.
Latest quarter
What changed since the fund's previous filing
Largest new: Amazon.com Inc ×2, Morgan Stanley, Salesforce Inc, JPMorgan Chase & Co, United States Treasury Note/Bond, The Goldman Sachs Group Inc, HSBC Holdings PLC
Largest exited: The Goldman Sachs Group Inc, HSBC Holdings PLC, Verizon Communications Inc, JPMorgan Chase & Co, Orange SA, Oracle Corp, Morgan Stanley, Bank of America Corp
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +6.11% | +17.39% | +7.00% | 3.50% | -5.71% | |
| +6.12% | +17.44% | +7.08% | 3.49% | -5.68% | |
| +6.11% | +17.46% | +7.10% | 3.49% | -5.67% |
These classes hold the same portfolio, so the 0.10pp spread over 5 years is the cost difference between them — roughly 0.02pp a year — not a difference in what they own.
May 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-05-31
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 75.2% |
| Floating rate | 24.8% |
Share of the fund's debt value in each maturity band, shortest first.
| 1-3y | 0.0% |
| 3-5y | 1.1% |
| 5-10y | 91.3% |
| 10y+ | 7.5% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 51% |
| Interest rates | 49% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +6.12 yr |
| High yield | +0.09 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.21 yr | 4% |
| 5 yr | 3.01 yr | 50% |
| 10 yr | 2.77 yr | 46% |
| 30 yr | 0.02 yr | 0% |
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.22 yr | 3% |
| 5 yr | 2.97 yr | 48% |
| 10 yr | 2.97 yr | 48% |
| 30 yr | 0.04 yr | 1% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.01 | +0.01 | +0.00 | $71.6k | $1.3k |
| 1 yr | +0.21 | +0.21 | +0.00 | $1.46m | $26.2k |
| 5 yr | +3.01 | +2.93 | +0.05 | $20.10m | $328.5k |
| 10 yr | +2.77 | +2.93 | +0.04 | $20.11m | $290.2k |
| 30 yr | +0.02 | +0.04 | +0.00 | $306.1k | $415 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | Amazon.com Inc4.88% · due 2036-03-13 | 0.30% | $207.48M | — |
| — | The Boeing Co6.53% · due 2034-05-01 | 0.28% | $191.85M | — |
| — | Meta Platforms Inc4.88% · due 2035-11-15 | 0.27% | $188.06M | — |
| — | Bank of America Corp5.01% floating · due 2033-07-22 | 0.27% | $185.58M | — |
| — | Pfizer Investment Enterprises Pte Ltd4.75% · due 2033-05-19 | 0.27% | $184.48M | — |
| — | Oracle Corp5.70% · due 2036-02-04 | 0.27% | $184.30M | — |
| — | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc4.70% · due 2036-02-01 | 0.27% | $182.57M | — |
| — | JPMorgan Chase & Co4.91% floating · due 2033-07-25 | 0.25% | $169.23M | — |
| — | Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 0.24% | $168.53M | — |
| — | JPMorgan Chase & Co5.35% floating · due 2034-06-01 | 0.24% | $168.07M | — |
Top 10 positions are 2.66% of net assets, top 25 5.83%, across 749 issuers.
See more of this fund's book
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