Vanguard Target Maturity 2035 Corporate Bond ETF

Vanguard Target Maturity 2035 Corporate Bond ETF is a fixed income exchange-traded fund that tracks the ICE 2035 Maturity US Corporate Constrained Index. It holds a diverse portfolio of investment-grade U.S. dollar-denominated corporate bonds maturing in 2035, providing targeted exposure to this specific maturity segment. Designed as part of Vanguard's BondBuilder Target Maturity ETF suite, it offers investors a way to mimic the behavior of individual bonds held to maturity, with predictable cash flows through dividend distributions. The ETF employs a passive, index-based strategy using optimized sampling for replication, managed by Vanguard's experienced fixed income indexing team. As a term fund, it gradually shifts toward cash-like characteristics in the year leading up to its planned liquidation in December 2035, helping manage interest rate and credit risks. This structure supports customizable fixed income portfolio construction, such as bond ladders or liability matching, within the corporate bond market. Launched in 2026 and headquartered in Valley Forge, Pennsylvania, it emphasizes diversification, liquidity, and low-cost access to institutional-quality bond strategies.