Vanguard Long-Term Corporate Bond ETF

VCLT is an ETF that provides diversified exposure to U.S. dollar–denominated, investment-grade, fixed-rate corporate bonds with maturities generally greater than 10 years, and it seeks to track the Bloomberg U.S. 10+ Year Corporate Bond Index. Because it targets the long end of the corporate credit curve, it carries meaningful interest-rate sensitivity (long duration) alongside investment-grade credit-spread risk. It’s commonly used to add long-duration investment-grade corporate exposure, express a view on long rates and credit spreads, or as a building block in a bond allocation where investors want more yield than long Treasuries but can tolerate higher volatility.