VCLT

Vanguard Long‑Term Corporate Bond Index Fund ETF (VCLT) holds primarily U.S. dollar‑denominated, investment‑grade corporate bonds issued by industrial, utility and financial companies, with maturities longer than ten years and a focus on the United States market. The fund follows a passive, index‑sampling approach to track the Bloomberg U.S. 10+ Year Corporate Bond Index, providing diversified exposure to the long‑duration segment of the investment‑grade corporate bond market. Its long average duration and higher coupon income make it suited for investors who want to add long‑term fixed‑income exposure, are comfortable with greater interest‑rate risk, and seek to diversify a broader portfolio beyond short‑term or government bonds.