Vanguard Global Core Bond Fund
(VAGCUHA) Vanguard Global Core Bond Fund - USD Hedged Acc
Related documents
About this fund
Fund objectives
- The Fund aims to provide a higher total return (capital growth plus income) than the Bloomberg Global Aggregate Index (the "Index") after the fees and expenses of the Fund. The Fund employs an "active management" strategy in aiming to outperform the Index and in doing so, the 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.
- The Fund will invest in global fixed income bonds, including fixed and floating rate issues, primarily made up of treasury, government-related, securitised, and corporate debt from developed and emerging market issuers. The Fund will primarily invest in investment grade bonds with a rating of the equivalent of Baa3 and above by Moody‘s or another independent rating agency or, which are determined to be of comparable quality by the Investment Manager.
Fund facts
Share class inception
Jul 23 2025
Minimum initial investment
$1,000,000.00
Investment structure
Irish UCITS
Share class assets'
Total assets
Risk indicator
Strategy
Active
Asset class
Bond
Currency
USD
Index ticker
H00038US
Benchmark
Bloomberg Global Aggregate Bond Index Hedged in USD
Dividend Schedule
—
Tax status
Italy
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 | 423 | 32,573 | Sep 30 2026 |
| YTM (Yield to Maturity) effective | 5.0% | 4.5% | Sep 30 2026 |
| Medium coupon | 4.0% | 3.2% | Sep 30 2026 |
| Average maturity | 9.2 Years | 8.1 Years | Sep 30 2026 |
| Average Duration | 5.7 Years | 6.0 Years | Sep 30 2026 |
| Cash Investment | -13.7% | — | Sep 30 2026 |
Market allocation
As at Sep 30 2026
| Country | Region | Fund | Benchmark | Variance +/- |
|---|---|---|---|---|
| United States of America | North America | 33.39% | 40.36% | -6.97% |
| Japan | Pacific | 7.06% | 8.06% | -1.00% |
| United Kingdom | Europe | 6.01% | 4.37% | 1.64% |
| Polonia | Europe | 4.55% | 0.45% | 4.10% |
| Australia | Pacific | 4.51% | 1.76% | 2.75% |
| Italia | Europe | 4.32% | 3.09% | 1.23% |
| España | Europe | 4.10% | 2.23% | 1.87% |
| Republic Of Korea | Pacific | 4.09% | 1.31% | 2.78% |
| Hong Kong | Pacific | 3.93% | 0.12% | 3.81% |
| Supranational | Other | 3.86% | 2.77% | 1.09% |
| China | Emerging Markets | 3.40% | 11.32% | -7.92% |
| France | Europe | 3.36% | 5.03% | -1.67% |
| Bulgaria | Emerging Markets | 2.82% | 0.03% | 2.79% |
| República Checa | Emerging Markets | 2.66% | 0.20% | 2.46% |
| Andorra | Europe | 2.50% | 0.00% | 2.50% |
Distribution by credit quality (% of funds)
As at Sep 30 2026
| Credit Rating | Fund |
|---|---|
| AAA | 9.15% |
| AA | 39.61% |
| A | 32.16% |
| Less than BBB | 0.57% |
| BBB | 30.61% |
| Not Rated | -12.10% |
Distribution by credit issuer
As at Sep 30 2026
| Issuers | Fund |
|---|---|
| Treasury/Federal | 27.75% |
| Gov-Related-Agencies | 18.34% |
| Gov-Related-Local Authority | 4.75% |
| Gov-Related-Sovereign | 11.19% |
| Gov-Related-Supranational | 3.86% |
| Corporate-Industrials | 7.43% |
| Corporate-Utilities | 1.90% |
| Corporate-Financial Institutions | 15.04% |
| Securitized-Mortgage Backed Security Pass-through | 15.75% |
| Securitized-Asset Backed Security | 3.14% |
| Cash | -13.73% |
| Other | 4.60% |
Distribution by credit maturity
As at Sep 30 2026
| Maturity | Fund |
|---|---|
| Under 1 Year | -9.35% |
| 1 - 5 Years | 42.70% |
| 5 - 10 Years | 42.64% |
| 10 - 15 Years | 9.99% |
| 15 - 20 Years | 3.15% |
| 20 - 25 Years | 2.10% |
| Over 25 Years | 8.77% |
Top 10 Holdings
As at Sep 30 2026
| Holding name | % of market value | Market value | Face amount | Coupon/Yield | Maturity date |
|---|---|---|---|---|---|
| Republic of Poland Government Bond | 2.36499% | $2,219,253.74 | 8,858,000 | 4.50% | Jul 25 2030 |
| Commonwealth Bank of Australia | 2.22549% | $2,088,345.27 | 1,572,000 | 4.26% | Jul 08 2030 |
| Hong Kong Government International Bond | 2.19979% | $2,064,228.37 | 1,833,000 | 3.63% | Sep 29 2030 |
| Andorra International Bond | 2.05116% | $1,924,765.94 | 1,700,000 | 3.88% | Oct 07 2029 |
| United States Treasury Bill | 2.04671% | $1,920,581.81 | 1,922,000 | 0.00% | Oct 08 2026 |
| Korea Housing Finance Corp | 1.94765% | $1,827,632.18 | 1,835,000 | 5.38% | Oct 07 2031 |
| Finnvera Oyj | 1.82993% | $1,717,164.60 | 1,515,000 | 3.63% | Oct 07 2031 |
| UniCredit Bank Czech Republic & Slovakia AS | 1.78278% | $1,672,921.58 | 1,500,000 | 3.50% | Sep 10 2031 |
| United States Treasury Inflation Indexed Bonds | 1.66901% | $1,566,159.07 | 1,584,041.41 | 0.13% | Apr 15 2027 |
| China Government International Bond | 1.62427% | $1,524,177.53 | 1,453,000 | 3.13% | Jul 03 2038 |
Prices and distribution
Prices
NAV Price (USD)
$104.57
USDChange
+$0.000.00% As at Nov 06 2026
NAV 52-week high
$105.14
As at Nov 09 2026
NAV 52-week low
$102.27
As at Nov 09 2026
NAV 52-week difference
$2.88
Change
+2.74% As at Nov 09 2026
Outstanding shares
121,864
As at Oct 31 2026
Historical Prices
-
Inception date
Jul 23 2025
| Date | NAV (USD) |
|---|---|
| Nov 06 2026 | $104.5682 |
| Nov 05 2026 | $104.5640 |
| Nov 04 2026 | $104.3330 |
| Nov 03 2026 | $104.0218 |
| Nov 02 2026 | $104.1264 |
| Oct 30 2026 | $104.0328 |
| Oct 29 2026 | $103.8771 |
| Oct 28 2026 | $103.6487 |
| Oct 27 2026 | $103.7682 |
| Oct 26 2026 | $103.7185 |
Purchase information
Currency
Base currency:USD
Fund codes
- Bloomberg:VAGCUHA
- CUSIP:G9576H126
- ISIN:IE000MV7A061
- MEX ID:VIAAZP
- SEDOL:BS2FTD4