The Fund employs a passive management – or indexing – investment approach, through physical acquisition of securities, and seeks to track the performance of the Bloomberg Global Aggregate Corporate – United States Dollar Index 1-3 Year (the “Index”).
The Fund invests in a representative sample of bonds included in the Index in order to closely match the Index’s capital and income return.
The Index measures the performance of a broad spread of US dollar denominated bonds paying a fixed rate of interest which are issued by companies.
Bonds in the Index have maturities of between one and three years and are generally investment grade.
To a lesser extent, the Fund may invest in bonds outside the Index where the risk and return characteristics of such bonds closely resemble those of the constituents of the Index.
Fund facts
Share class inception
03 Oct 2023
Listing date
05 Oct 2023
Investment structure
Irish UCITS
Share Class Assets'
Total Assets
Risk indicator
Strategy
Index
Asset Class
Bond
Domicile
Ireland
Tax status
Austria, Italy, Switzerland and United Kingdom reporting
Investment method
Physical
Index ticker
H33680EU
Dividend schedule
—
Benchmark
Bloomberg Global Aggregate Corporate – United States Dollar Index 1-3 Year Hedged in EUR
Legal entity
Vanguard Funds PLC
Investment manager
Vanguard Global Advisers, LLC
U.S. Bond Index Team
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 31 Jan 2026
Beta
—
R²
—
Annualized Tracking Error
1 year
3 years
—
5 years
—
Please note Beta and R-squared data will only display for funds with 3 full years of history.
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Portfolio data
Characteristics
Fundamentals
Fund
Benchmark
As at
Number of bonds
2,029
2,314
31 Jan 2026
4.2%
4.2%
31 Jan 2026
4.3%
4.3%
31 Jan 2026
1.9 Years
1.9 Years
31 Jan 2026
A-
A-
31 Jan 2026
1.8 Years
1.8 Years
31 Jan 2026
Cash Investment
0.1%
—
31 Jan 2026
Market allocation
As at 31 Jan 2026
Country
Region
Fund
Benchmark
Variance +/-
United States of America
North America
70.22%
69.82%
0.40%
United Kingdom
Europe
5.58%
5.76%
-0.18%
Canada
North America
3.53%
3.59%
-0.06%
Japan
Pacific
2.95%
3.06%
-0.11%
Germany
Europe
2.41%
2.36%
0.05%
France
Europe
2.35%
2.33%
0.02%
Australia
Pacific
1.91%
2.08%
-0.17%
South Korea
Pacific
1.74%
1.78%
-0.04%
Spain
Europe
1.10%
1.09%
0.01%
Switzerland
Europe
0.99%
0.83%
0.16%
Ireland
Europe
0.88%
0.84%
0.04%
Netherlands
Europe
0.88%
0.96%
-0.08%
China
Emerging Markets
0.69%
0.82%
-0.13%
Italy
Europe
0.53%
0.45%
0.08%
New Zealand
Pacific
0.47%
0.42%
0.05%
Distribution by credit quality (% of funds)
As at 31 Dec 2025
Credit Rating
Fund
Benchmark
Variance +/-
AAA
0.41%
0.53%
-0.12%
AA
10.69%
9.76%
0.93%
A
47.93%
48.75%
-0.82%
BBB
40.80%
40.96%
-0.16%
Not Rated
0.18%
—
—
Total
100.00%
100.00%
Distribution by credit issuer (% of funds)
As at 31 Dec 2025
Issuers
Fund
Benchmark
Variance +/-
Corporate-Financial Institutions
47.02%
47.88%
-0.86%
Corporate-Industrials
45.41%
45.94%
-0.53%
Corporate-Utilities
5.97%
6.16%
-0.19%
Treasury/Federal
1.41%
—
—
Cash
0.18%
—
—
Gov-Related-Provincials/Municipals
0.01%
0.03%
-0.02%
Total
100.00%
100.00%
Distribution by credit maturity (% of funds)
As at 31 Dec 2025
Maturity
Fund
Benchmark
Variance +/-
Over 5 Years
1.87%
—
—
Under 1 Year
0.31%
0.05%
0.26%
1 - 2 Years
39.50%
—
—
2 - 3 Years
47.83%
—
—
3 - 4 Years
10.50%
—
—
Total
100.00%
0.05%
Holdings details
As at 31 Jan 2026
Holding name
% of market value
Market value
Face amount
Coupon/Yield
Maturity date
Bank of America Corp
0.32019%
€9,367,760.32
9,471,000
3.42%
20 Dec 2028
RTX Corp
0.29374%
€8,594,058.02
8,555,000
4.13%
16 Nov 2028
Wells Fargo & Co
0.24809%
€7,258,423.10
7,015,000
5.57%
25 Jul 2029
Truist Financial Corp
0.24098%
€7,050,319.20
6,550,000
7.16%
30 Oct 2029
CVS Health Corp
0.23822%
€6,969,726.98
6,945,000
4.30%
25 Mar 2028
Pfizer Investment Enterprises Pte Ltd
0.22645%
€6,625,448.07
6,560,000
4.45%
19 May 2028
Microsoft Corp
0.22139%
€6,477,178.96
6,499,000
3.30%
06 Feb 2027
Citigroup Inc
0.22137%
€6,476,715.39
6,434,000
4.45%
29 Sep 2027
T-Mobile USA Inc
0.22082%
€6,460,518.95
6,477,000
3.75%
15 Apr 2027
Wells Fargo & Co
0.21213%
€6,206,243.60
6,240,000
3.53%
24 Mar 2028
Prices and distribution
Prices
NAV Price (EUR)
€55.42
Change
-€0.00-0.00%
At closure 20 Feb 2026
Market value (EUR)
€55.44
Change
-€0.00-0.01%
At closure 20 Feb 2026
NAV 52-week high
€55.45
At closure 20 Feb 2026
Market value 52-week high
€55.47
At closure 20 Feb 2026
NAV 52-week low
€53.61
At closure 20 Feb 2026
Market value 52-week low
€53.59
At closure 20 Feb 2026
NAV 52-week difference
€1.84
Change
+3.31%
At closure 20 Feb 2026
Market value 52-week difference
€1.88
Change
+3.39%
At closure 20 Feb 2026
Outstanding shares
475,219
At closure 31 Jan 2026
Historical Prices
-
Inception date
03 Oct 2023
Listing date
05 Oct 2023
Date
NAV (EUR)
Market price (EUR)
20 Feb 2026
€55.4155
€55.4420
19 Feb 2026
€55.4163
€55.4460
18 Feb 2026
€55.4213
€55.4400
17 Feb 2026
€55.4332
€55.4480
16 Feb 2026
€55.4516
€55.4660
13 Feb 2026
€55.4322
€55.4660
12 Feb 2026
€55.3970
€55.4220
11 Feb 2026
€55.3581
€55.3740
10 Feb 2026
€55.4038
€55.4160
09 Feb 2026
€55.3810
€55.3900
Distribution history
Distribution frequency
—
Historical performance
—
All dividends are reinvested for the "Accumulation" shares.
Purchase information
Currencies and stock exchanges
Listed currencies: EUR
Base currency: EUR
Exchanges: Deutsche Boerse, Borsa Italiana S.p.A.
Fund codes
Citi: DCEV
ISIN: IE00BGYWSW13
MEX ID: VRAACK
Ticker iNav Bloomberg: IVCDEEUR
Exchange ticker: VCDE
Bloomberg: VCDE IM
ISIN: IE00BGYWSW13
Reuters: VCDE.MI
SEDOL: BQB7QD6
Ticker iNav Bloomberg: IVCDEEUR
Bloomberg: VCDE GY
Exchange ticker: VCDE
ISIN: IE00BGYWSW13
Reuters: VCDE.DE
SEDOL: BQGH7S3
The sum of investment management fees (the fees paid to the portfolio manager to invest your money and manage the fund) and administrative and other expenses (which cover all costs and expenses connected with the operation of the fund, which includes administrative fees, shareholder's registration and transfer agency fees, custody fees and all other operating expenses).
As at 31 Jan 2026
As at 17 Feb 2026
YTM (Yield to Maturity) effective is the rate of return an investor would receive if the fixed income securities held by a fund were held to their maturity dates.
Medium coupon is the average interest rate paid on the fixed income securities held by a fund. It is expressed as a percentage of face value.
Average maturity is the average length of time until fixed income securities held by a fund reach maturity and are repaid, taking into consideration the possibility that the issuer may call the bond before its maturity date.
Average quality is an indicator of credit risk. This figure is the average of the ratings assigned to a fund’s fixed income holdings by credit-rating agencies. Quality is a graded scale with Aaa or AAA indicating the most creditworthy bond issuers.
Average duration is an estimate of how much the value of the bonds held by a fund will fluctuate in response to a change in interest rates.
Tracking errors are reported as a standard deviation of the gross excess returns of the fund, multiplied by the square root of 12 to give an annualised number.