VANGUARD LONG-TERM CORPORATE BOND INDEX FUND
VANGUARD SCOTTSDALE FUNDS · 3 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
VANGUARD LONG-TERM CORPORATE BOND INDEX FUND is a U.S. bond index ETF that tracks the Bloomberg U.S. 10+ Year Corporate Bond Index.
- Asset class
- Bonds
- Region
- United States
- Management
- Index (passive)
- Fund type
- ETF
- Credit quality
- Investment grade
- Rate sensitivity
- Long duration
Fund profile
As filed in the prospectus · 2026 Q2
Vanguard Long-Term Corporate Bond Index Fund (the Fund) seeks to track the performance of a market-weighted corporate bond index with a long-term dollar-weighted average maturity.
The fund tracks the Bloomberg U.S. 10+ Year Corporate Bond Index using a sampling approach, holding a range of investment-grade corporate bonds with maturities over 10 years that collectively approximate the index's 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 |
|---|---|
| VLTCX | 0.06% |
| VLCIX | 0.03% |
| VCLT | 0.03% |
Portfolio turnover 44.00% · as of 2026 Q2
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 98.39% |
| Cash & short-term | 0.74% |
| Derivatives | -0.02% |
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.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 14.9% |
| Utilities | 14.2% |
| Health Care | 12.0% |
| Financials | 11.6% |
| 11 smaller | 47.3% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: Amazon.com Inc ×3, Meta Platforms Inc, United States Treasury Note/Bond, Baker Hughes Holdings LLC / Baker Hughes Co-Obligor Inc, Novartis Capital Corp, Salesforce Inc
Largest exited: JPMorgan Chase & Co, The Goldman Sachs Group Inc, Honeywell International Inc, Berkshire Hathaway Energy Co, Amphenol Corp, Verizon Communications Inc, Transcontinental Gas Pipe Line Co LLC, 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 |
|---|---|---|---|---|---|
| +5.53% | +9.15% | -8.53% | 6.09% | -12.26% | |
| +5.57% | +9.18% | -8.45% | 6.12% | -12.27% | |
| +5.55% | +9.22% | -8.42% | 6.11% | -12.25% |
These classes hold the same portfolio, so the 0.12pp 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 | 95.3% |
| Floating rate | 4.7% |
Share of the fund's debt value in each maturity band, shortest first.
| 1-3y | 0.0% |
| 5-10y | 0.5% |
| 10y+ | 99.5% |
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 | 50% |
| Interest rates | 50% |
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 | +12.05 yr |
| High yield | +0.17 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 | 0.23 yr | 2% |
| 5 yr | 0.94 yr | 8% |
| 10 yr | 5.81 yr | 48% |
| 30 yr | 5.00 yr | 42% |
| 3 mo | 0.01 yr | 0% |
| 1 yr | 0.23 yr | 2% |
| 5 yr | 0.95 yr | 8% |
| 10 yr | 5.90 yr | 48% |
| 30 yr | 5.13 yr | 42% |
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 | $10.3k | $194 |
| 1 yr | +0.23 | +0.23 | +0.00 | $209.7k | $3.9k |
| 5 yr | +0.94 | +0.93 | +0.02 | $860.2k | $15.3k |
| 10 yr | +5.81 | +5.81 | +0.09 | $5.36m | $79.4k |
| 30 yr | +5.00 | +5.07 | +0.06 | $4.67m | $59.7k |
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 |
|---|---|---|---|---|
| — | Vanguard Cmt Funds-Vanguard Market Liquidity Fund | 0.74% | $68.61M | — |
| — | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc4.90% · due 2046-02-01 | 0.37% | $34.24M | — |
| — | CVS Health Corp5.05% · due 2048-03-25 | 0.33% | $30.66M | — |
| — | Meta Platforms Inc5.63% · due 2055-11-15 | 0.28% | $26.26M | — |
| — | The Boeing Co5.80% · due 2050-05-01 | 0.27% | $24.60M | — |
| — | Pfizer Investment Enterprises Pte Ltd5.30% · due 2053-05-19 | 0.27% | $24.44M | — |
| — | Amazon.com Inc5.80% · due 2056-03-13 | 0.26% | $23.52M | — |
| — | Oracle Corp6.70% · due 2056-02-04 | 0.24% | $21.87M | — |
| — | AT&T Inc3.50% · due 2053-09-15 | 0.23% | $21.55M | — |
| — | AT&T Inc3.55% · due 2055-09-15 | 0.23% | $21.12M | — |
Top 10 positions are 3.22% of net assets, top 25 6.11%, across 668 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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