Vanguard Target Maturity 2031 Corporate Bond ETF

Vanguard Target Maturity 2031 Corporate Bond ETF is an exchange-traded fund that provides targeted exposure to U.S. investment-grade corporate bonds maturing in 2031. It seeks to track the performance of the ICE 2031 Maturity US Corporate Constrained Index, a market-weighted benchmark composed of U.S. dollar-denominated investment-grade corporate debt securities with maturities aligned to the target year. The ETF holds a diverse portfolio of these bonds, offering monthly income through distributions while aiming for predictability in cash flows and an expected return of principal at maturity. As part of Vanguard's BondBuilder target maturity ETF suite, it supports goals-based planning, liquidity management, and bond ladder construction by gradually shifting toward cash as the maturity date approaches. Managed passively with a focus on optimized sampling, the fund delivers institutional-quality fixed income access through Vanguard's indexing expertise. Launched in 2026, it caters to investors seeking defined-maturity strategies in the corporate bond market.