About VICBX
Vanguard Intermediate-Term Corporate Bond Index Fund Institutional Shares is a mutual fund designed to provide broad exposure to investment-grade corporate bonds with intermediate maturities, typically between five and ten years. Its primary objective is to closely track the performance of the Bloomberg US 5-10 Year Corporate Bond Index, employing a passive investment strategy that relies on representative sampling of the index's constituents. The fund focuses mainly on U.S. corporate issuers across sectors such as financials, healthcare, communications, and industrials, emphasizing securities with strong credit ratings. As of recent data, it holds over 2,200 bonds, ensuring broad diversification and mitigating individual issuer risk. The fund targets institutional investors with a high minimum initial investment and features a notably low expense ratio, further enhancing its cost efficiency. With over $20 billion in assets, it plays a significant role in the corporate fixed-income market, offering a balance between yield and interest rate sensitivity, and is commonly used by organizations seeking steady income and moderate risk exposure within their fixed-income allocations.
Fund Family Vanguard
Category Corporate Bond
Performance Rating Above Average
Risk Rating Average
Stock Exchange NASDAQ
Ticker Symbol VICBX
Share Class Institutional Shares
Index Bloomberg US 5-10 Yr Corproate Bond TR
VICBX had a total return of -2.20% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.16%.
