$VTC

NEPC has announced an expansion of its corporate bond exposure through the Vanguard Total Corporate Bond ETF (VTC). This ETF provides attractive income levels compared to Treasuries while focusing on investment-grade corporate bonds. The performance of VTC will be affected by changes in interest rates and credit spreads, as these factors are pivotal in determining corporate bond returns. With a current favorable environment for corporate bonds, NEPC's move may signal confidence in continued credit market stability. Overall, this shift reflects a growing preference for corporate bonds among institutional investors, potentially impacting broader market trends.