Vanguard Target Maturity 2030 Corporate Bond ETF

Vanguard Target Maturity 2030 Corporate Bond ETF is an exchange-traded fund that seeks to track the performance of a market-weighted index composed of U.S. dollar-denominated, investment-grade corporate bonds maturing in 2030. As part of Vanguard's BondBuilder Target Maturity ETF suite, it mimics the experience of holding an individual bond to maturity, providing investors with targeted fixed-income exposure for goals-based planning, liquidity management, and constructing bond ladders. The ETF holds a diverse portfolio of investment-grade corporate bonds from various issuers and sectors, supporting monthly income through underlying bond payments while aiming for predictability and expected return of principal at its target maturity date. Designed as a term fund, it plans to liquidate in December 2030, with its yield tending toward prevailing money market rates in the final year. Managed by Vanguard's Fixed Income Group Global Bond Indexing team, it offers professionally managed, broadly diversified exposure to manage interest rate and credit risk in an efficient ETF structure. Launched in 2026 and headquartered in Valley Forge, Pennsylvania, this ETF serves as a low-cost tool for precise fixed-income portfolio construction.