Overview
Investment-grade corporate bonds maturing in 10-25+ years — the highest-yielding IG corporate exposure, carrying the duration to match.
Top Holdings
| Ticker | Holding | Weight |
|---|---|---|
| — | Industrials IG 10yr+ | ~65% |
| — | Financials IG 10yr+ | ~20% |
| — | Utilities IG 10yr+ | ~15% |
Fund Details
Investment Thesis
VCLT pays nearly 6% for lending long to blue-chip corporates — but its ~13-year duration means it swings like the long bond with credit spread risk layered on top: 2022 cost it a quarter of its value. It is a rate-cut lottery ticket that pays you to wait: if yields fall meaningfully, VCLT's price response dwarfs shorter funds. Position size, not conviction, is how professionals hold it.
Who It's For
Income investors with genuine long horizons, and tactical allocators positioning for falling rates who want credit carry while waiting. Never a cash substitute.
10-Year History
| Year | Close | % Chg |
|---|---|---|
| 2016 | $72.82 | -- |
| 2017 | $79.74 | +9.5% |
| 2018 | $75.35 | -5.5% |
| 2019 | $87.03 | +15.5% |
| 2020 | $97.48 | +12.0% |
| 2021 | $94.55 | -3.0% |
| 2022 | $70.44 | -25.5% |
| 2023 | $73.61 | +4.5% |
| 2024 | $71.03 | -3.5% |
| 2025 | $72.10 | +1.5% |
| Year | Yield |
|---|---|
| 2016 | 4.20% |
| 2017 | 4.20% |
| 2018 | 4.40% |
| 2019 | 4.00% |
| 2020 | 3.40% |
| 2021 | 3.20% |
| 2022 | 4.60% |
| 2023 | 5.40% |
| 2024 | 5.60% |
| 2025 | 5.78% |
| Year | AUM | % Chg |
|---|---|---|
| 2016 | $4.0B | -- |
| 2017 | $4.6B | +15.0% |
| 2018 | $5.2B | +13.0% |
| 2019 | $5.9B | +13.5% |
| 2020 | $6.8B | +15.3% |
| 2021 | $7.7B | +13.2% |
| 2022 | $8.8B | +14.3% |
| 2023 | $10B | +13.6% |
| 2024 | $11B | +10.0% |
| 2025 | $13B | +18.2% |
Historical figures are ETFHub estimates modelled from asset-class return patterns and may differ from official fund records. Data as of August 2026.
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