About VLCIX
Vanguard Long-Term Corporate Bond Index Fund Institutional Shares is a mutual fund that seeks to track the performance of the Bloomberg U.S. 10+ Year Corporate Bond Index, a widely recognized benchmark for long-term, investment-grade, U.S. dollar-denominated corporate bonds. The fund primarily invests in fixed-rate, taxable securities issued by industrial, utility, and financial companies, each with maturities exceeding ten years. By employing a passive management approach, the fund delivers broad, diversified exposure to the long-term segment of the U.S. investment-grade corporate bond market.
This fund is designed for institutional investors, featuring a low expense ratio and a high minimum investment requirement. With a substantial asset base, the fund plays a key role in fixed-income portfolios seeking income generation and a focus on credit quality. Distributions are typically paid monthly, and the fund's long-duration profile makes it sensitive to changes in interest rates, providing diversified options for institutions aiming to balance risk and potential return within the broader fixed income landscape.
Fund Family Vanguard
Category Long-Term Bond
Performance Rating Average
Risk Rating High
Stock Exchange Nasdaq
Ticker Symbol VLCIX
Share Class Institutional Shares
Index Bloomberg US Corporate 10+ TR
VLCIX had a total return of -4.07% in the past year, including dividends. Since the fund's
inception, the average annual return has been 4.25%.
