ETF PROAI
VCLTVanguardINDEX

Vanguard Long-Term Corporate Bond Index Fund

$68.21-0.29% vs prior close
687952-WK

Price through Oct 2 · Flows through Oct 31. Figures use the latest available records, not a live quote. Fund details retrieved Oct 2. Holdings snapshot retrieved Oct 2.

The fund employs an indexing investment approach designed to track the performance of the Bloomberg U.S. 10+ Year Corporate Bond Index. This index includes U.S. dollar-denominated, investment-grade, fixed-rate, taxable securities issued by U.S. and non-U.S. industrial, utility, and financial companies, with maturities greater than 10 years. Under normal circumstances, at least 80% of the fund's assets will be invested in bonds included in the index.

Price & daily flows
76.973.770.668.21DAILY NET FLOWOct 2Feb 2Jun 2Oct 2

SOURCE: MARKET TAPE & DAILY CREATION/REDEMPTION RECORDS · 1Y SHOWN

The desk’s read

Recent fund-flow records are unavailable, while the price has returned -10.1% so far this year. At 0.040% a year, no lower reported fee appears among the alternatives shown here.

COMPOSED FROM THE FUND’S OWN DAILY RECORDS · UPDATED WITH EACH REFRESH

$11.5Bassets under management
0.040%expense ratio · $4 per $10,000 a year
—net flow, trailing month
7.3Mavg daily volume, 30 days
257holdings · US-domiciled
2009listed November 19, 2009 · beta 0.29
Sector weights
Cash & Others100%
Corporate99.16%
Industrial70.63%
Utilities27.59%
Healthcare16.97%
Financial16.92%
Energy15.16%
Utility11.74%
Other11.01%
Industrials8.68%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Country weights
United States87.88%
Other10.84%
Ireland1.29%
PORTFOLIO COMPOSITION, LATEST DISCLOSURE
Performance
1 week-2.0%
1 month-4.5%
3 months-8.8%
6 months-8.7%
YTD-10.1%
1 year-12.4%
3 years—

PRICE RETURN, DISTRIBUTIONS NOT REINVESTED

Net flows
1 week—
1 month—
3 months—
YTD—
1 year—

CREATION/REDEMPTION DOLLARS, DAILY RECORDS

Monthly net flows
JulSepOct
DAILY CREATION/REDEMPTION RECORDS, TRAILING TWELVE MONTHS
The risk read
10%realized volatility, 30 days (annualized)
8%realized volatility, 1 year
-13.9%deepest fall from a peak, 1 year
-13.9%latest close versus that peak

VOLATILITY & DRAWDOWN FROM THE DAILY TAPE · CONCENTRATION FROM THE LATEST DISCLOSED BOOK

Options tape
6calls · latest snapshot
30puts · latest snapshot
5.00put/call ratio
11.8Mshares traded
The case against VCLT

Due diligence cuts both ways. These funds sit on the same shelf and beat VCLT on at least one dimension that matters — the fee, the asset base, or where the money is going.

FundFeeAssetsFlow, 1MThe case
STIP iShares 0-5 Year TIPS Bond ETF0.03%$16.3B+$489M-1bp on fee · +$489M in over the monthHead-to-head
IJH iShares Core S&P Mid-Cap ETF0.05%$122.8B+$2.3B11× the assets · +$2.3B in over the monthHead-to-head
SPTS State Street SPDR Portfolio Short Term Treasury ETF0.03%$7.5B+$1.4B-1bp on fee · +$1.4B in over the monthHead-to-head
IGSB iShares 1-5 Year Investment Grade Corporate Bond ETF0.04%$23.7B+$575M2× the assets · +$575M in over the monthHead-to-head
IGIB iShares 5-10 Year Investment Grade Corporate Bond ETF0.04%$18.6B+$412M2× the assets · +$412M in over the monthHead-to-head
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InstrumentsHarvest substitutesTrade cost at $1MClient tearsheetStress this fund
THE DESK BRIEF

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