Vanguard Target Maturity 2032 Corporate Bond ETF (VBCF) Stock Price, Quote, News & History | Benzinga

To achieve investment objective The Fund employs an indexing investment approach designed to track the performance of the ICE 2032 Maturity US Corporate Constrained Index (the Target Index). The Target Index has a planned liquidation on or about December 15, 2032, and includes U.S. dollar-denominated, investment-grade corporate bonds scheduled to mature between January 1, 2032 and December 15, 2032. Under normal circumstances, the Fund invests at least 80 percent of its net assets, plus the amount of any borrowings for investment purposes, in the components of the Target Index or in securities determined by the Funds advisor to have economic characteristics substantially identical to those of the Target Index components.