Vanguard Long-Term Corporate Bond Fund is great for long-term investment-grade corporate bond market exposure, thanks to a broadly diversified portfolio and rock-bottom fee. It is hard to beat for exposure to that market, justifying a Morningstar Analyst Rating of Gold. It tracks the market-value-weighted Bloomberg Barclays U.S. 10+ Year Corporate Index, which includes U.S. investment-grade corporate bonds with at least 10 years remaining to maturity.
Will VCLT outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable VCLT’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the VCLT management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of VCLT’s parent organization’s priorities and whether they’re in line with investors’ interests.