Vanguard Total Corporate Bond ETF
VTC
NASDAQ Global Market- -
USD
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Capital Structure
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- 100 Vanguard Boulevard Malvern PA United States of America 19355
- IPO Date
- Nov 9, 2017
- CIK
- 0001021882
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Total Corporate Bond ETF (VTC) is an exchange-traded fund that seeks to track the performance of the Bloomberg U.S. Corporate Bond Index, providing broad exposure to the U.S. investment-grade corporate bond market. Launched on November 7, 2017, and managed by The Vanguard Group, Inc., headquartered in Malvern, Pennsylvania, the ETF invests directly in a diversified portfolio of U.S. dollar-denominated, fixed-rate, taxable corporate bonds issued by industrial, utility, and financial companies across varying maturities from short- to long-term; it holds over 3,700 securities spanning sectors including financials (28.8%), utilities (9.6%), technology (8.5%), energy (7.2%), communications (7.0%), health care (10.9%), consumer discretionary (6.0%), consumer staples (6.1%), industrials (7.1%), materials (2.8%), and real estate (3.7%), with an ultra-low expense ratio of 0.03% and net assets of approximately $1.25 billion as of August 31, 2025. The fund targets investors seeking stable income from high-quality fixed-income securities with moderate interest rate risk, primarily retail and institutional investors through U.S. exchanges like Nasdaq. In a significant strategic shift during the fiscal year ended August 31, 2025, VTC transitioned its principal investment strategy from a fund-of-funds structure—previously holding other Vanguard bond ETFs such as VCSH (short-term), VCIT (intermediate-term), and VCLT (long-term)—to direct investments in the underlying bonds of its benchmark index, eliminating underlying fund risk as a principal risk factor and further reducing its expense ratio. This change enhances portfolio efficiency and tracking accuracy amid a market environment where corporate bonds outperformed Treasuries, supported by narrowing yield spreads, Federal Reserve rate pauses post-December 2024, and strong performance in shorter-maturity (10 years or less) and lower investment-grade bonds, alongside rising dividends reaching $0.3295 per share in June 2025 and a trailing 12-month yield of about 4.66%. Vanguard, the second-largest global ETF provider with over $11 trillion in assets under management, operates VTC within its extensive fixed-income offerings domiciled in the United States, with no reported recent acquisitions, partnerships, or name changes specific to the ETF.