Vanguard Long-Term Corporate Bond (the Fund) is an open-end management investment company. The Fund seeks to track the performance of a market-weighted corporate bond index with a long-term dollar-weighted average maturity. The fund is designed to track the performance of the Barclays Capital U.S. 10+ Year Corporate Bond Index. It invests by sampling the index. All of the fund's investments will be selected through the sampling process, and at least 80% of the fund's assets will be invested in bonds included in the index. As of Aug 31 2013, the Fund's investments portfolio was valued at $842,401,000. We show 9 historical shares outstanding datapoints in our VCLT shares outstanding history coverage, used to compute VCLT market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing VCLT market cap history over the course of time is important for investors
interested in comparing VCLT's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of VCLT versus a peer is one thing; comparing
VCLT market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like VCLT can fluctuate over the course of history.
With this page we aim to empower investors researching VCLT by allowing them to research the VCLT market cap history. |
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Video: The Importance of Market Cap
