Global Government Bond UCITS ETF
Global Government Bond UCITS ETF - EUR Hedged Distributing
Related Documents
About this fund
Fund objectives
- 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 Treasury Developed Countries Float Adjusted Index (the “Index”).
- The Fund will invest in a portfolio of local currency government bonds (including callable bonds) from developed countries (as determined by the index provider) that insofar as possible and practicable consists of a representative sample of the component securities of the Index.
- The index is designed to reflect the universe of float adjusted fixed-rate, investment-grade, local currency government debt of developed (as determined by the index provider) countries. The bonds must have a maturity of at least one year.
- To a lesser extent the Fund may invest in similar types of bonds outside the Index, but whose risk and return characteristics closely resemble the risk and return characteristics of constituents of the Index or of the Index as a whole.
- The Fund invests in securities which are denominated in currencies other than the base currency. Movements in currency exchange rates can affect the return of investments. Currency hedging techniques are used to minimise the risks associated with movements in currency exchange rates, where the Fund invests in securities denominated in currencies other than the listing currency, but these risks cannot be eliminated entirely. As this document relates to a share class where such techniques are used, the performance (see "Performance") of this share class is shown against the currency hedged version of the Index.
- The Fund attempts to remain fully invested except in extraordinary market, political or similar conditions where the Fund may temporarily depart from this investment policy to avoid losses.
- While the Fund is expected to track the Index as closely as possible, it typically will not match the performance of the targeted Index exactly, due to various factors such as expenses to be paid by the Fund and regulatory constraints. Details of these factors and the anticipated tracking error of the Fund are set out in the Prospectus.
Fund facts
Share class inception
25 Mar 2025
Listing date
27 Mar 2025
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
H38855EU
Dividend schedule
Monthly
Benchmark
Bloomberg Global Treasury Developed Countries Float Adjusted Index Hedged in EUR
Legal entity
Vanguard Funds PLC
Investment manager
Vanguard Asset Management, Ltd.
Global Fixed Income 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 Aug 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 | 982 | 1,400 | 31 Aug 2026 |
| 4.1% | 4.1% | 31 Aug 2026 | |
| 3.0% | 2.9% | 31 Aug 2026 | |
| 8.5 Years | 8.5 Years | 31 Aug 2026 | |
| AA | AA | 31 Aug 2026 | |
| 6.5 Years | 6.5 Years | 31 Aug 2026 | |
| Cash Investment | 0.5% | — | 31 Aug 2026 |
Market allocation
As at 31 Aug 2026
| Country | Region | Fund | Benchmark | Variance +/- |
|---|---|---|---|---|
| United States of America | North America | 46.87% | 47.28% | -0.41% |
| Japan | Pacific | 9.85% | 9.81% | 0.04% |
| France | Europe | 7.62% | 7.58% | 0.04% |
| Italy | Europe | 6.88% | 6.69% | 0.19% |
| Germany | Europe | 6.09% | 5.96% | 0.13% |
| United Kingdom | Europe | 6.09% | 6.16% | -0.07% |
| Spain | Europe | 4.22% | 4.34% | -0.12% |
| Canada | North America | 2.16% | 2.18% | -0.02% |
| Australia | Pacific | 1.77% | 1.78% | -0.01% |
| Belgium | Europe | 1.56% | 1.54% | 0.02% |
| Netherlands | Europe | 1.29% | 1.24% | 0.05% |
| Austria | Europe | 1.04% | 1.07% | -0.03% |
| Portugal | Europe | 0.61% | 0.60% | 0.01% |
| Finland | Europe | 0.56% | 0.57% | -0.01% |
| Other | Other | 0.53% | — | — |
Distribution by credit quality (% of funds)
As at 31 Aug 2026
| Credit Rating | Fund |
|---|---|
| AAA | 13.07% |
| AA | 55.34% |
| A | 24.24% |
| BBB | 7.13% |
| Not Rated | 0.22% |
Distribution by credit issuer (% of funds)
As at 31 Aug 2026
| Issuers | Fund |
|---|---|
| Treasury/Federal | 99.78% |
| Cash | 0.53% |
| Other | -0.31% |
Distribution by credit maturity (% of funds)
As at 31 Aug 2026
| Maturity | Fund |
|---|---|
| Under 1 Year | 0.22% |
| 1 - 5 Years | 48.35% |
| 5 - 10 Years | 26.08% |
| 10 - 15 Years | 6.51% |
| 15 - 20 Years | 7.23% |
| 20 - 25 Years | 3.89% |
| Over 25 Years | 7.73% |
Holdings details
As at 31 Aug 2026
| Holding name | % of market value | Market value | Face amount | Coupon/Yield | Maturity date |
|---|---|---|---|---|---|
| United States Treasury Note/Bond | 0.69497% | €1,314,013.00 | 1,377,000 | 1.13% | 29 Feb 2028 |
| French Republic Government Bond OAT | 0.61390% | €1,160,714.46 | 1,150,000 | 0.00% | 25 Nov 2030 |
| Spain Government Bond | 0.61064% | €1,154,563.91 | 1,000,000 | 3.10% | 30 Jul 2031 |
| French Republic Government Bond OAT | 0.50887% | €962,133.55 | 840,000 | 2.40% | 24 Sept 2028 |
| Italy Buoni Poliennali Del Tesoro | 0.50265% | €950,371.44 | 820,000 | 3.45% | 15 Jul 2031 |
| United States Treasury Note/Bond | 0.48128% | €909,972.66 | 1,050,000 | 1.13% | 15 Feb 2031 |
| United States Treasury Note/Bond | 0.46259% | €874,633.60 | 890,000 | 3.50% | 15 Oct 2028 |
| United States Treasury Note/Bond | 0.44910% | €849,134.84 | 853,000 | 4.63% | 15 Feb 2035 |
| United States Treasury Note/Bond | 0.43906% | €830,142.97 | 859,000 | 4.25% | 15 Aug 2035 |
| United Kingdom Gilt | 0.43794% | €828,022.09 | 610,000 | 4.50% | 07 Jun 2028 |
Prices and distribution
Prices
NAV Price (EUR)
€4.65
EURChange
+€0.000.10% At closure 02 Oct 2026
Market value (EUR)
€4.66
Change
+€0.010.17% At closure 02 Oct 2026
NAV 52-week high
€5.04
At closure 05 Oct 2026
Market value 52-week high
€5.04
At closure 05 Oct 2026
NAV 52-week low
€4.65
At closure 05 Oct 2026
Market value 52-week low
€4.64
At closure 05 Oct 2026
NAV 52-week difference
€0.39
Change
+7.72% At closure 05 Oct 2026
Market value 52-week difference
€0.39
Change
+7.83% At closure 05 Oct 2026
Outstanding shares
1,963,603
At closure 30 Sept 2026
Historical Prices
-
Inception date
25 Mar 2025
Listing date
27 Mar 2025
| Date | NAV (EUR) | Market price (EUR) |
|---|---|---|
| 02 Oct 2026 | €4.6533 | €4.6569 |
| 01 Oct 2026 | €4.6486 | €4.6488 |
| 30 Sept 2026 | €4.6485 | €4.6491 |
| 29 Sept 2026 | €4.6493 | €4.6430 |
| 28 Sept 2026 | €4.6491 | €4.6464 |
| 25 Sept 2026 | €4.6623 | €4.6607 |
| 24 Sept 2026 | €4.6592 | €4.6599 |
| 23 Sept 2026 | €4.6792 | €4.6745 |
| 22 Sept 2026 | €4.7077 | €4.7006 |
| 21 Sept 2026 | €4.7084 | €4.7072 |
Distribution history
Distribution frequency
Monthly
Historical performance 31 Aug 2026
3.49%
| Type | Distribution amount (per unit) | Ex-dividend date | Registration date | Payable date |
|---|---|---|---|---|
| Income | €0.0128 | 17 Sept 2026 | 18 Sept 2026 | 30 Sept 2026 |
| Income | €0.0163 | 20 Aug 2026 | 21 Aug 2026 | 02 Sept 2026 |
| Income | €0.0132 | 16 Jul 2026 | 17 Jul 2026 | 29 Jul 2026 |
| Income | €0.0129 | 18 Jun 2026 | 19 Jun 2026 | 01 Jul 2026 |
| Income | €0.0158 | 21 May 2026 | 22 May 2026 | 03 Jun 2026 |
| Income | €0.0130 | 16 Apr 2026 | 17 Apr 2026 | 29 Apr 2026 |
| Income | €0.0125 | 19 Mar 2026 | 20 Mar 2026 | 01 Apr 2026 |
| Income | €0.0160 | 19 Feb 2026 | 20 Feb 2026 | 04 Mar 2026 |
| Income | €0.0115 | 15 Jan 2026 | 16 Jan 2026 | 28 Jan 2026 |
| Income | €0.0138 | 18 Dec 2025 | 19 Dec 2025 | 31 Dec 2025 |
Purchase information
Currencies and stock exchanges
Listed currencies: EUR
Base currency:EUR
Exchanges: Deutsche Boerse, Borsa Italiana S.p.A., NYSE Euronext - Amsterdam