(VAGSTBH) Vanguard Global Strategic Bond Fund - EUR Hedged Acc
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
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 Aug 31 2026
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 | Aug 31 2026 |
| Medium coupon | 4.2% | 3.4% | Aug 31 2026 |
| Average maturity | 8.7 Years | 7.9 Years | Aug 31 2026 |
| Average Duration | 5.5 Years | 5.9 Years | Aug 31 2026 |
| Cash Investment | -5.3% | — | Aug 31 2026 |
Holdings details
As at Aug 31 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% | Jul 25 2030 |
| United States Treasury Inflation Indexed Bonds | 1.82282% | €1,305,931.40 | 1,326,713.11 | 0.13% | Apr 15 2027 |
| United Overseas Bank Ltd | 1.80206% | €1,291,052.19 | 1,116,000 | 3.34% | Sep 08 2031 |
| ING-DiBa AG | 1.77494% | €1,271,628.19 | 1,100,000 | 3.25% | Sep 01 2031 |
| China Government International Bond | 1.76713% | €1,266,029.61 | 1,147,000 | 3.13% | Jul 03 2038 |
| Bank Leumi Le-Israel BM | 1.75172% | €1,254,991.18 | 1,080,000 | 3.61% | Sep 03 2029 |
| Bank of Montreal | 1.75112% | €1,254,558.41 | 1,080,000 | 2.87% | Sep 04 2029 |
| Banque Ouest Africaine de Developpement | 1.73597% | €1,243,705.94 | 200,000,000 | 3.72% | Jul 30 2029 |
| International Bank for Reconstruction & Development | 1.56099% | €1,118,341.44 | 828,000 | 4.75% | Nov 15 2032 |
| Fannie Mae or Freddie Mac | 1.48692% | €1,065,275.00 | 1,250,000 | 3.00% | Sep 14 2026 |
Market allocation
As at Aug 31 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% |
As at Aug 31 2026
| 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
As at Aug 31 2026
| 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
As at Aug 31 2026
| 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% |
Prices and distribution
Prices
Historical Prices
-
Inception date
Jul 23 2025
| Date | NAV (EUR) |
|---|---|
| Oct 13 2026 | €100.8935 |
| Oct 12 2026 | €100.6182 |
| Oct 09 2026 | €100.7419 |
| Oct 08 2026 | €100.6643 |
| Oct 07 2026 | €100.5710 |
| Oct 06 2026 | €100.6427 |
| Oct 05 2026 | €100.4602 |
| Oct 02 2026 | €100.5315 |
| Oct 01 2026 | €100.5188 |
| Sep 30 2026 | €100.4816 |
Distribution history
Distribution frequency
—
Historical performance
—
All dividends are reinvested for the "Accumulation" shares.
Purchase information
Currency
Base currency:EUR
Fund codes
- Bloomberg:VAGSTBH
- CUSIP:G9576H290
- ISIN:IE00034DN7Y5
- MEX ID:VIAAYP
- SEDOL:BVBNFD2
Please see the fund’s fact sheet and prospectus for important information about risk’s specific to the fund. All investing is subject to risk, which may result in loss of principal. Investments in bond funds are subject to the risk that an issuer will fail to make payments on time, and that bond prices will decline because of rising interest rates or negative perceptions of an issuer's ability to make payments. High-yield bonds generally have medium-and lower-range credit-quality ratings and are therefore subject to a higher level of credit risk than bonds with higher credit-quality ratings. Bonds of companies based in emerging markets are subject to national and regional political and economic risks and to the risk of currency fluctuations. These risks are especially high in emerging markets.