The Nasdaq-listed funds seek to offer diversified exposure across corporate bond issuers while maintaining a structure that holds securities to maturity.
Vanguard has launched Vanguard Target Maturity Corporate Bond ETFs, a suite of 10 index funds intended to offer targeted maturity exposure across corporate bonds. The firm noted that the lineup, referred to as the Target Maturity ETFs (TMEs) or BondBuilder TMEs, helps investors construct more precise fixed income portfolios by combining defined maturities with ETFs' associated characteristics such as liquidity and trading efficiency. The firm stated that the ETFs are designed to serve as an al