Vanguard Malvern Funds - Vanguard U.S. High-Yield Corporate Bond Index ETF
VCHY
Chicago Board Options Exchange- -
USD
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- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 100 Vanguard Blvd Malvern PA United States of America 19355
- IPO Date
- Jun 4, 2026
- CIK
- 0000836906
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Malvern Funds – Vanguard U.S. High-Yield Corporate Bond Index ETF is a U.S.-domiciled exchange-traded fund launched and managed by The Vanguard Group, Inc. and co-managed by Vanguard Capital Management. Trading under the ticker VCHY, the fund seeks to track the performance of the Bloomberg US High Yield 250MM 2% Issuer Capped Index, providing investors with diversified exposure to U.S. dollar-denominated, below-investment-grade fixed-rate corporate bonds, including qualifying U.S.-dollar bonds issued by international companies. The fund uses an indexing strategy and optimized sampling to hold a representative portfolio of index securities; under normal conditions, it invests at least 80% of net assets, plus borrowings for investment purposes, in bonds included in its target index. Eligible securities generally have at least $250 million in par value outstanding, remaining maturities of one year or more, and middle credit ratings of Ba1/BB+/BB+ or below from Moody’s, S&P, and Fitch, respectively; issuer exposure in the underlying index is capped at 2% of uncapped index market value. Its principal offering is publicly traded ETF shares that provide income-oriented, diversified high-yield corporate bond exposure for individual and institutional investors, financial advisers, wealth managers, and other market participants. The fund was formed in 2026, is headquartered through its sponsor in Malvern, Pennsylvania, and its shares are listed on Cboe BZX Exchange, Inc. The principal recent development is the fund’s 2026 launch as part of Vanguard’s expansion of its high-yield fixed-income ETF lineup; the product introduced a low-cost, index-based option designed to broaden Vanguard’s U.S. high-yield corporate bond offerings and provide exposure to a broadly diversified, issuer-capped bond universe.