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Global Credit Bond Fund

Global Credit Bond Fund - Institutional USD Hedged Acc (VGCINUH)

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
14 Sept 2017
Minimum initial investment
US$5,000,000.00
Investment structure
Irish UCITS
Share Class Assets'
Total Assets
Risk indicator
Strategy
Active
Asset Class
Bond
Domicile
Ireland
Tax status
Austria, Italy, Switzerland and United Kingdom reporting
Dividend schedule
Currency
USD
Index ticker
H03434US
Benchmark
Bloomberg Global Aggregate Credit Index in USD
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 Jul 2026

Beta
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
FundamentalsFundBenchmarkAs at
Number of bonds 1,692 21,444 31 Jul 2026
5.2% 4.9% 31 Jul 2026
4.8% 4.0% 31 Jul 2026
8.6 Years 8.3 Years 31 Jul 2026
A- A 31 Jul 2026
5.7 Years 5.7 Years 31 Jul 2026
Cash Investment 2.0% 31 Jul 2026
Market allocation

As at 31 Jul 2026

CountryRegionFundBenchmarkVariance +/-
United States of AmericaNorth America 43.40% 44.21% -0.81%
United KingdomEurope 7.97% 5.19% 2.78%
AustraliaPacific 6.43% 1.80% 4.63%
GermanyEurope 4.79% 4.19% 0.60%
ItalyEurope 3.98% 1.46% 2.52%
SupranationalOther 3.38% 11.22% -7.84%
AustriaEurope 2.25% 0.34% 1.91%
FranceEurope 1.96% 4.98% -3.02%
SpainEurope 1.85% 1.49% 0.36%
LithuaniaEurope 1.67% 0.01% 1.66%
OtherOther 1.65% 0.00% 1.65%
SwedenEurope 1.33% 0.82% 0.51%
SwitzerlandEurope 1.30% 0.92% 0.38%
Saudi ArabiaEmerging Markets 1.22% 1.34% -0.12%
MexicoEmerging Markets 1.17% 1.09% 0.08%
Distribution by credit quality (% of funds)

As at 31 Jul 2026

Distribution by credit issuer (% of funds)

As at 31 Jul 2026

Distribution by credit maturity (% of funds)

As at 31 Jul 2026

Holdings details

As at 31 Aug 2026

Holding name% of market valueMarket valueFace amountCoupon/YieldMaturity date
European Union 1.85725% US$41,241,844.69 36,867,450 2.50% 04 Dec 2031
European Union 1.70084% US$37,768,630.16 37,000,000 1.00% 06 Jul 2032
European Union 1.27922% US$28,406,131.11 24,910,000 2.88% 13 Oct 2031
AMCO - Asset Management Co SpA 1.11632% US$24,788,862.94 21,764,000 2.75% 15 Mar 2029
SW Finance I PLC 1.05570% US$23,442,852.04 16,641,000 7.75% 31 Oct 2031
Kommunalkredit Austria AG 1.05512% US$23,429,861.35 19,700,000 5.25% 28 Mar 2029
Artea Bankas AB 0.92892% US$20,627,470.77 17,600,000 4.60% 25 Jun 2030
Czechoslovak Group AS 0.78252% US$17,376,577.68 14,700,000 5.25% 10 Jan 2031
Triodos Bank NV 0.73584% US$16,339,950.08 14,200,000 5.50% 03 Jun 2037
DVI Deutsche Vermoegens- & Immobilienverwaltungs GmbH 0.69732% US$15,484,677.51 13,200,000 4.88% 21 Aug 2030

Prices and distribution

Prices

NAV Price (USD)
US$135.72
USD
Change
+US$0.230.17%
At closure 15 Sept 2026
NAV 52-week high
US$138.98
At closure 16 Sept 2026
NAV 52-week low
US$134.51
At closure 16 Sept 2026
NAV 52-week difference
US$4.47
Change
+3.22%
At closure 16 Sept 2026
Historical Prices

-

Inception date

14 Sept 2017

Date NAV (USD)
15 Sept 2026 US$135.7243
14 Sept 2026 US$135.4965
11 Sept 2026 US$135.6242
10 Sept 2026 US$135.7716
09 Sept 2026 US$136.8516
08 Sept 2026 US$136.8537
07 Sept 2026 US$136.8941
04 Sept 2026 US$136.9308
03 Sept 2026 US$136.9021
02 Sept 2026 US$137.0267

Distribution history

Distribution frequency

Historical performance

All dividends are reinvested for the "Accumulation" shares.

Purchase information

Currency

Base currency:USD

Fund codes

  • Bloomberg:VGCINUH
  • Citi:O3PO
  • ISIN:IE00BF7MPN17
  • MEX ID:VIJKL
  • SEDOL:BF7MPN1