Global Strategic Bond Fund
Global Strategic Bond Fund - Institutional Plus EUR Hedged Dist (VAGSBIE)
Related Documents
About this fund
Fund objectives
- The Fund aims to provide a higher total return (capital growth plus income) than the Bloomberg Multiverse 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 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, are determined to be of comparable quality by the Investment Manager but may invest up to 25% of its assets in non-investment grade bonds with a rating of the equivalent of Ba1 or below by Moody’s or another independent rating agency.
- 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
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
Monthly
Currency
EUR
Index ticker
H03120EU
Benchmark
Bloomberg Multiverse 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 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 | 526 | 36,267 | 31 Aug 2026 |
| 4.9% | 4.3% | 31 Aug 2026 | |
| 4.2% | 3.4% | 31 Aug 2026 | |
| 8.7 Years | 7.9 Years | 31 Aug 2026 | |
| A+ | A+ | 31 Aug 2026 | |
| 5.5 Years | 5.9 Years | 31 Aug 2026 | |
| Cash Investment | -5.3% | — | 31 Aug 2026 |
Market allocation
As at 31 Aug 2026
| Country | Region | Fund | Benchmark | Variance +/- |
|---|---|---|---|---|
| United States of America | North America | 28.83% | 39.95% | -11.12% |
| Supranational | Other | 8.58% | 2.61% | 5.97% |
| Canada | North America | 6.14% | 3.51% | 2.63% |
| United Kingdom | Europe | 5.28% | 4.27% | 1.01% |
| Poland | Europe | 4.40% | 0.43% | 3.97% |
| Italy | Europe | 4.12% | 3.06% | 1.06% |
| Germany | Europe | 3.87% | 4.59% | -0.72% |
| Japan | Pacific | 3.56% | 7.54% | -3.98% |
| China | Emerging Markets | 3.46% | 10.42% | -6.96% |
| Spain | Europe | 3.03% | 2.13% | 0.90% |
| France | Europe | 3.03% | 5.06% | -2.03% |
| Latvia | Emerging Markets | 2.24% | 0.02% | 2.22% |
| Singapore | Pacific | 2.22% | 0.26% | 1.96% |
| Hong Kong | Pacific | 2.15% | 0.11% | 2.04% |
| Israel | Middle East | 2.15% | 0.26% | 1.89% |
Distribution by credit quality (% of funds)
As at 31 Aug 2026
| Credit Rating | Fund |
|---|---|
| AAA | 17.93% |
| AA | 27.26% |
| A | 27.65% |
| Less than BBB | 5.02% |
| BBB | 28.31% |
| Not Rated | -6.18% |
Distribution by credit issuer (% of funds)
As at 31 Aug 2026
| Issuers | Fund |
|---|---|
| Treasury/Federal | 20.87% |
| Gov-Related-Agencies | 8.52% |
| Gov-Related-Local Authority | 7.12% |
| Gov-Related-Sovereign | 11.00% |
| Gov-Related-Supranational | 8.58% |
| Corporate-Industrials | 10.28% |
| Corporate-Utilities | 1.47% |
| Corporate-Financial Institutions | 14.92% |
| Securitized-Mortgage Backed Security Pass-through | 12.95% |
| Securitized-Asset Backed Security | 8.12% |
| Cash | -5.26% |
| Other | 1.42% |
Distribution by credit maturity (% of funds)
As at 31 Aug 2026
| Maturity | Fund |
|---|---|
| Under 1 Year | -3.26% |
| 1 - 5 Years | 36.66% |
| 5 - 10 Years | 41.54% |
| 10 - 15 Years | 12.38% |
| 15 - 20 Years | 3.38% |
| 20 - 25 Years | 2.38% |
| Over 25 Years | 6.92% |
Holdings details
As at 31 Aug 2026
| Holding name | % of market value | Market value | Face amount | Coupon/Yield | Maturity date |
|---|---|---|---|---|---|
| Republic of Poland Government Bond | 2.30921% | €1,654,390.81 | 6,314,000 | 4.50% | 25 Jul 2030 |
| United States Treasury Inflation Indexed Bonds | 1.82282% | €1,305,931.40 | 1,326,713.11 | 0.13% | 15 Apr 2027 |
| United Overseas Bank Ltd | 1.80206% | €1,291,052.19 | 1,116,000 | 3.34% | 08 Sept 2031 |
| ING-DiBa AG | 1.77494% | €1,271,628.19 | 1,100,000 | 3.25% | 01 Sept 2031 |
| China Government International Bond | 1.76713% | €1,266,029.61 | 1,147,000 | 3.13% | 03 Jul 2038 |
| Bank Leumi Le-Israel BM | 1.75172% | €1,254,991.18 | 1,080,000 | 3.61% | 03 Sept 2029 |
| Bank of Montreal | 1.75112% | €1,254,558.41 | 1,080,000 | 2.87% | 04 Sept 2029 |
| Banque Ouest Africaine de Developpement | 1.73597% | €1,243,705.94 | 200,000,000 | 3.72% | 30 Jul 2029 |
| International Bank for Reconstruction & Development | 1.56099% | €1,118,341.44 | 828,000 | 4.75% | 15 Nov 2032 |
| Fannie Mae or Freddie Mac | 1.48692% | €1,065,275.00 | 1,250,000 | 3.00% | 14 Sept 2026 |
Prices and distribution
Prices
NAV Price (EUR)
€96.26
EURChange
+€0.090.09% At closure 08 Oct 2026
NAV 52-week high
€102.06
At closure 09 Oct 2026
NAV 52-week low
€96.06
At closure 09 Oct 2026
NAV 52-week difference
€5.99
Change
+5.87% At closure 09 Oct 2026
Historical Prices
-
Inception date
23 Jul 2025
| Date | NAV (EUR) |
|---|---|
| 08 Oct 2026 | €96.2608 |
| 07 Oct 2026 | €96.1713 |
| 06 Oct 2026 | €96.2397 |
| 05 Oct 2026 | €96.0649 |
| 02 Oct 2026 | €96.1323 |
| 01 Oct 2026 | €96.1199 |
| 30 Sept 2026 | €96.0840 |
| 29 Sept 2026 | €96.3819 |
| 28 Sept 2026 | €96.3606 |
| 25 Sept 2026 | €96.6967 |
Distribution history
Distribution frequency
Monthly
Historical performance 30 Sept 2026
4.08%
| Type | Distribution amount (per unit) | Ex-dividend date | Registration date | Payable date |
|---|---|---|---|---|
| Income | €0.3171 | 30 Sept 2026 | 29 Sept 2026 | 14 Oct 2026 |
| Income | €0.3013 | 31 Aug 2026 | 28 Aug 2026 | 14 Sept 2026 |
| Income | €0.3545 | 31 Jul 2026 | 30 Jul 2026 | 14 Aug 2026 |
| Income | €0.3859 | 30 Jun 2026 | 29 Jun 2026 | 14 Jul 2026 |
| Income | €0.3470 | 29 May 2026 | 28 May 2026 | 12 Jun 2026 |
| Income | €0.3021 | 30 Apr 2026 | 29 Apr 2026 | 14 May 2026 |
| Income | €0.3441 | 31 Mar 2026 | 30 Mar 2026 | 16 Apr 2026 |
| Income | €0.3035 | 27 Feb 2026 | 26 Feb 2026 | 13 Mar 2026 |
| Income | €0.3058 | 30 Jan 2026 | 29 Jan 2026 | 13 Feb 2026 |
| Income | €0.3358 | 31 Dec 2025 | 30 Dec 2025 | 15 Jan 2026 |
Purchase information
Currency
Base currency:EUR
Fund codes
- Bloomberg:VAGSBIE
- Citi:BU7WD
- ISIN:IE000FHNKJI8
- MEX ID:VIAAYT
- SEDOL:BN7RXL6