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Global Core Bond Fund

Global Core Bond Fund - Institutional Plus EUR Hedged Acc (VAGCEHA)

Available in other share classes
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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
23 Jul 2025
Minimum initial investment
€100,000,000.00
Investment structure
Irish UCITS
Share Class Assets'
Total Assets
Risk indicator
Strategy
Active
Asset Class
Bond
Domicile
Ireland
Tax status
Italy reporting
Dividend schedule
—
Currency
EUR
Index ticker
H00038EU
Benchmark
Bloomberg Global Aggregate Bond Index Hedged in EUR
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
—
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
FundamentalsFundBenchmarkAs at
Number of bonds 401 32,281 31 Jul 2026
4.6% 4.0% 31 Jul 2026
3.7% 3.2% 31 Jul 2026
8.7 Years 8.1 Years 31 Jul 2026
A+ AA- 31 Jul 2026
5.7 Years 6.1 Years 31 Jul 2026
Cash Investment 4.2% — 31 Jul 2026

The allocations are subject to circumstances such as timing differences between trade and settlement dates of underlying securities, that may result in negative weightings. The fund may also employ certain derivative instruments for cash management or risk management purposes that may also result in negative weightings. Allocations are subject to change.

Cash includes physical cash on the account, cash like instruments (such as ultra-short term treasury bonds) and derivative instruments.

Market allocation

As at 31 Jul 2026

CountryRegionFundBenchmarkVariance +/-
United States of AmericaNorth America 35.26% 40.51% -5.25%
SupranationalOther 5.93% 2.75% 3.18%
ItalyEurope 5.85% 3.22% 2.63%
United KingdomEurope 5.35% 4.35% 1.00%
PolandEurope 4.43% 0.45% 3.98%
JapanPacific 4.30% 7.99% -3.69%
OtherOther 4.27% 0.00% 4.27%
ChinaEmerging Markets 3.51% 10.98% -7.47%
SpainEurope 3.08% 2.24% 0.84%
LatviaEmerging Markets 2.41% 0.02% 2.39%
Hong KongPacific 2.23% 0.12% 2.11%
CanadaNorth America 2.06% 3.59% -1.53%
FranceEurope 1.88% 5.16% -3.28%
AustraliaPacific 1.86% 1.75% 0.11%
South KoreaPacific 1.64% 1.23% 0.41%

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
United States Treasury Bill 8.03536% €7,798,439.06 7,800,000 0.00% 03 Sept 2026
Republic of Poland Government Bond 2.27404% €2,206,989.83 8,423,000 4.50% 25 Jul 2030
United Overseas Bank Ltd 1.77489% €1,722,559.79 1,489,000 3.34% 08 Sept 2031
Fannie Mae or Freddie Mac 1.75622% €1,704,440.00 2,000,000 3.00% 14 Sept 2026
Bank Leumi Le-Israel BM 1.72536% €1,674,483.59 1,441,000 3.61% 03 Sept 2029
Bank of Montreal 1.72476% €1,673,906.17 1,441,000 2.87% 04 Sept 2029
ING-DiBa AG 1.66761% €1,618,435.89 1,400,000 3.25% 01 Sept 2031
China Government International Bond 1.65251% €1,603,784.67 1,453,000 3.13% 03 Jul 2038
United States Treasury Inflation Indexed Bonds 1.60676% €1,559,387.10 1,584,202.14 0.13% 15 Apr 2027
International Bank for Reconstruction & Development 1.53782% €1,492,472.57 1,105,000 4.75% 15 Nov 2032

Total allocation percentages shown in the holdings details or the spreadsheet may not equal 100%, due to rounding or omission of cash and/or derivative instruments.

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

Some short-term fixed income securities are classified as cash and are excluded, along with derivatives, from the weighted bond exposures. 

Prices and distribution

Prices

NAV Price (EUR)
€100.93
EUR
Change
+€0.100.10%
At closure 15 Sept 2026
NAV 52-week high
€103.90
At closure 16 Sept 2026
NAV 52-week low
€100.83
At closure 16 Sept 2026
NAV 52-week difference
€3.07
Change
+2.95%
At closure 16 Sept 2026
Historical Prices

-

Inception date

23 Jul 2025

Date NAV (EUR)
15 Sept 2026 €100.9343
14 Sept 2026 €100.8317
11 Sept 2026 €101.0889
10 Sept 2026 €101.2463
09 Sept 2026 €101.6913
08 Sept 2026 €101.8550
07 Sept 2026 €101.6922
04 Sept 2026 €101.9004
03 Sept 2026 €101.6734
02 Sept 2026 €101.6678

Distribution history

Distribution frequency

—

Historical performance

—

All dividends are reinvested for the "Accumulation" shares.

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

Purchase information

Currency

Base currency:EUR

Fund codes

  • Bloomberg:VAGCEHA
  • Citi:BU7ZK
  • ISIN:IE000K8N8PJ7
  • MEX ID:VIAAZN
  • SEDOL:BS2CXL1

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

SEDOL and SEDOL Masterfile® are registered trademarks of the London Stock Exchange Group PLC. SEDOL data was extracted from the London Stock Exchange SEDOL Masterfile®.