Vanguard Intermediate-Term Corporate Bond ETF

Frequently Asked Questions About VCIT

What does VCIT invest in?

Vanguard Scottsdale Funds - Vanguard Intermediate-Term Corporate Bond ETF is an exchange traded fund launched and managed by The Vanguard Group, Inc. The fund invests in the fixed income markets of global region. It primarily invests in U.S. dollar-denominated investment-grade fixed income securities issued by industrial, utility, and financial companies with maturity of 5-10 years. The fund seeks to track the performance of the Bloomberg U.S. 5-10 Year Corporate Bond Index, by using representative sampling technique. Vanguard Scottsdale Funds - Vanguard Intermediate-Term Corporate Bond ETF was formed on November 19, 2009 and is domiciled in the United States.

What is the expense ratio of VCIT?

Vanguard Intermediate-Term Corporate Bond ETF (VCIT) charges an expense ratio of 0.03%. This is the annual fee deducted from fund assets to cover management and operations.

What is VCIT's dividend yield?

VCIT's trailing-twelve-month yield is 4.94%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of VCIT?

Effective duration measures VCIT's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. VCIT's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of VCIT?

VCIT's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of VCIT?

Yield to maturity (YTM) is the total return you'd earn from VCIT if every bond in the portfolio is held to maturity at the current price. VCIT's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.