Vanguard Global Credit Bond Fund
(VGCIUHA) Vanguard Global Credit Bond Fund - USD Hedged Acc
Related documents
About this fund
Fund objectives
- The Fund seeks to provide a moderate and sustainable level of current income by investing in a diversified portfolio of global credit bonds.
- The Fund employs an “active management” strategy, and while the Fund will invest substantially in components of the Bloomberg Global Aggregate Credit Index, its investment manager will follow distinct approaches in managing the Fund’s assets.
- The Investment Manager may in its discretion restrict the extent to which the Fund’s holdings deviate from the Index constituents on a security selection and fixed income sector basis. The Fund may take active fixed income sector views with the focus on bond specific selection. The extent to which the Fund can outperform the Index may be restricted by constraints applied by the Investment Manager which limit the potential volatility of the difference between the return of the Fund and the return of the Index. Such constraints may change or be removed from time to time at the Investment Manager’s discretion and depending on market environments.
Fund facts
Share class inception
Sep 14 2017
Minimum initial investment
$100,000.00
Investment structure
Irish UCITS
Share class assets'
Total assets
Risk indicator
Strategy
Active
Asset class
Bond
Currency
USD
Index ticker
H03434US
Benchmark
Bloomberg Global Aggregate Credit Index in USD
Dividend Schedule
—
Tax status
Italy and United Kingdom
Domicile
Ireland
Legal Entity
Vanguard Investment Series PLC
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Performance
Risk and Volatility
As at Sep 30 2026
Beta
R²
Alpha
Standard Deviation
Sharpe Ratio
Annualized Tracking Error
1 year
3 years
5 years
Portfolio data
Characteristics
| Fundamentals | Fund | Benchmark | As at |
|---|---|---|---|
| Number of bonds | 1,775 | 21,736 | Sep 30 2026 |
| YTM (Yield to Maturity) effective | 5.7% | 5.4% | Sep 30 2026 |
| Medium coupon | 4.8% | 4.1% | Sep 30 2026 |
| Average maturity | 8.4 Years | 8.2 Years | Sep 30 2026 |
| Average Duration | 5.6 Years | 5.6 Years | Sep 30 2026 |
| Cash Investment | -0.6% | — | Sep 30 2026 |
Market allocation
As at Sep 30 2026
| Country | Region | Fund | Benchmark | Variance +/- |
|---|---|---|---|---|
| United States of America | North America | 43.61% | 44.36% | -0.75% |
| United Kingdom | Europe | 7.13% | 5.17% | 1.96% |
| Australia | Pacific | 5.81% | 1.77% | 4.04% |
| Supranational | Other | 5.35% | 11.29% | -5.94% |
| Germany | Europe | 5.05% | 4.14% | 0.91% |
| Italia | Europe | 4.11% | 1.43% | 2.68% |
| France | Europe | 3.67% | 5.00% | -1.33% |
| Austria | Europe | 2.52% | 0.34% | 2.18% |
| Lituania | Europe | 1.83% | 0.01% | 1.82% |
| Swiss | Europe | 1.29% | 0.91% | 0.38% |
| España | Europe | 1.27% | 1.45% | -0.18% |
| Suecia | Europe | 1.22% | 0.80% | 0.42% |
| Canada | North America | 1.21% | 5.30% | -4.09% |
| Grecia | Europe | 1.09% | 0.10% | 0.99% |
| Mexico | Emerging Markets | 0.96% | 1.07% | -0.11% |
Distribution by credit quality (% of funds)
As at Sep 30 2026
| Credit Rating | Fund |
|---|---|
| AAA | 4.42% |
| AA | 9.23% |
| A | 25.58% |
| Less than BBB | 5.17% |
| BBB | 55.18% |
| Not Rated | 0.43% |
Distribution by credit issuer
As at Sep 30 2026
| Issuers | Fund |
|---|---|
| Treasury/Federal | 7.32% |
| Gov-Related-Provincials/Municipals | 0.09% |
| Gov-Related-Agencies | 7.56% |
| Gov-Related-Local Authority | 1.18% |
| Gov-Related-Sovereign | 6.14% |
| Gov-Related-Supranational | 5.35% |
| Corporate-Industrials | 29.86% |
| Corporate-Utilities | 8.74% |
| Corporate-Financial Institutions | 33.13% |
| Cash | -0.64% |
| Other | 1.27% |
Distribution by credit maturity
As at Sep 30 2026
| Maturity | Fund |
|---|---|
| Under 1 Year | 0.67% |
| 1 - 5 Years | 37.21% |
| 5 - 10 Years | 36.22% |
| 10 - 15 Years | 8.41% |
| 15 - 20 Years | 5.00% |
| 20 - 25 Years | 2.54% |
| Over 25 Years | 9.95% |
Top 10 Holdings
As at Sep 30 2026
| Holding name | % of market value | Market value | Face amount | Coupon/Yield | Maturity date |
|---|---|---|---|---|---|
| European Union | 1.58365% | $36,222,157.87 | 37,000,000 | 1.00% | Jul 06 2032 |
| SW Finance I PLC | 1.11601% | $25,525,947.00 | 18,741,000 | 7.75% | Oct 31 2031 |
| AMCO - Asset Management Co SpA | 1.05010% | $24,018,519.68 | 21,764,000 | 2.75% | Mar 15 2029 |
| United States Treasury Inflation Indexed Bonds | 1.03754% | $23,731,265.91 | 25,277,540.32 | 1.25% | Apr 15 2031 |
| European Union | 1.02710% | $23,492,498.02 | 21,867,450 | 2.50% | Dec 04 2031 |
| Kommunalkredit Austria AG | 0.99269% | $22,705,261.78 | 19,700,000 | 5.25% | Mar 28 2029 |
| Artea Bankas AB | 0.86628% | $19,813,984.89 | 17,600,000 | 4.60% | Jun 25 2030 |
| Czechoslovak Group AS | 0.72917% | $16,677,870.30 | 14,700,000 | 5.25% | Jan 10 2031 |
| Bertelsmann SE & Co KGaA | 0.69132% | $15,812,223.13 | 13,900,000 | 4.50% | Oct 06 2031 |
| Triodos Bank NV | 0.68420% | $15,649,483.61 | 14,200,000 | 5.50% | Jun 03 2037 |
Prices and distribution
Prices
NAV Price (USD)
$136.18
USDChange
-$0.43-0.31% As at Nov 06 2026
NAV 52-week high
$138.37
As at Nov 09 2026
NAV 52-week low
$133.50
As at Nov 09 2026
NAV 52-week difference
$4.87
Change
+3.52% As at Nov 09 2026
Outstanding shares
187,864
As at Oct 31 2026
Historical Prices
-
Inception date
Sep 14 2017
| Date | NAV (USD) |
|---|---|
| Nov 06 2026 | $136.1811 |
| Nov 05 2026 | $136.6097 |
| Nov 04 2026 | $136.0166 |
| Nov 03 2026 | $135.4777 |
| Nov 02 2026 | $135.7013 |
| Oct 30 2026 | $135.6180 |
| Oct 29 2026 | $135.4242 |
| Oct 28 2026 | $135.1217 |
| Oct 27 2026 | $135.2268 |
| Oct 26 2026 | $135.1060 |
Purchase information
Currency
Base currency:USD
Fund codes
- Bloomberg:VGCIUHA
- CUSIP:G9317Y495
- ISIN:IE00BYV1RD15
- MEX ID:VIXXI
- SEDOL:BYV1RD1