The Fund employs a passive management – or indexing – investment approach, through physical acquisition of securities, and seeks to track the performance of the Bloomberg MSCI USD Corporate Float-Adjusted Liquid Bond Screened Index (the “Index”).
In tracking the performance of the Index, the Fund will invest in a USD denominated portfolio of investment grade corporate fixed-rate bonds that so far as possible and practicable consists of a representative sample of the component securities of the Index.
The Index is constructed from the Bloomberg Global Aggregate Corporate – United States Dollar Index (the “Parent Index”) which represents a similar investment universe which is then screened for certain environmental, social, and governance (i.e. controversy-related) criteria which is independent of Vanguard. criteria (the “screening criteria") by Bloomberg as the sponsor of the Index, which is independent of Vanguard.
Through the screening out of bonds issued by corporate issuers from its portfolio based on the potentially detrimental impact of the relevant corporate issuer’s conduct or products on society and / or the environment, the Fund promotes certain environmental characteristics and social characteristics relating to social norms and standards.
The Index methodology excludes the bonds of corporate issuers that MSCI determines (a) to be engaged in activities in or involved in specific parts of the supply chain for, and/or (b) derive revenue (above a threshold specified by the Index provider) from, certain business segments of activities related to the following: (i) adult entertainment, (ii) alcohol, (iii) gambling, (iv) tobacco, (v) nuclear weapons, (vi) controversial weapons, (vii) conventional weapons, (viii) civilian firearms, (ix) nuclear power, or (x) fossil fuels (which includes thermal coal, oil, gas, oil sands, arctic oil or arctic gas). The index provider defines what constitutes “involvement” in each activity. This may be based on percentage of revenue or any connection to a restricted activity regardless of the amount of revenue received, and will relate to specific parts of the supply chain.
Company product and conduct involvement is monitored on a yearly basis by the Index provider and as new data is made available to the Index provider.
For the full investment strategy please review the prospectus.
Fund facts
Share class inception
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Listing date
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Investment structure
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Share Class Assets'
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Total Assets
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Risk indicator
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Strategy
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Asset Class
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Domicile
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Investment method
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Index ticker
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Dividend schedule
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Benchmark
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Legal entity
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Register countries
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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 30 Sep 2025
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
—
2,931
—
4.8%
4.8%
30 Sep 2025
4.5%
4.4%
30 Sep 2025
9.8 Years
9.8 Years
30 Sep 2025
A-
A-
30 Sep 2025
6.4 Years
6.4 Years
30 Sep 2025
Cash Investment
—
—
—
Market allocation
As at 30 Sep 2025
Country
Region
Fund
Benchmark
Variance +/-
United States of America
North America
84.27%
83.70%
0.57%
United Kingdom
Europe
5.01%
5.16%
-0.15%
Canada
North America
2.83%
2.68%
0.15%
Japan
Pacific
2.35%
2.73%
-0.38%
Spain
Europe
1.32%
1.26%
0.06%
Australia
Pacific
0.85%
0.93%
-0.08%
Germany
Europe
0.74%
0.72%
0.02%
Netherlands
Europe
0.67%
0.63%
0.04%
Ireland
Europe
0.50%
0.69%
-0.19%
Mexico
Emerging Markets
0.40%
0.39%
0.01%
China
Emerging Markets
0.34%
0.32%
0.02%
Switzerland
Europe
0.23%
0.24%
-0.01%
Taiwan
Emerging Markets
0.17%
0.17%
0.00%
Brazil
Emerging Markets
0.13%
0.15%
-0.02%
France
Europe
0.11%
0.15%
-0.04%
As at 30 Sep 2025
Credit Rating
Benchmark
Variance +/-
AAA
1.17%
1.27%
-0.11%
AA
8.02%
7.58%
0.44%
A
52.25%
52.50%
-0.25%
BBB
38.56%
38.64%
-0.09%
Not Rated
0.01%
—
—
Total
100.00%
100.00%
Distribution by credit issuer (% of funds)
As at 30 Sep 2025
Issuers
Fund
Benchmark
Variance +/-
Corporate-Industrials
51.76%
52.32%
-0.56%
Corporate-Financial Institutions
47.25%
47.41%
-0.16%
Treasury/Federal
0.78%
—
—
Corporate-Utilities
0.17%
0.21%
-0.04%
Gov-Related-Provincials/Municipals
0.03%
0.05%
-0.02%
Cash
0.01%
—
—
Total
100.00%
100.00%
Distribution by credit maturity (% of funds)
As at 30 Sep 2025
Maturity
Fund
Benchmark
Variance +/-
Under 1 Year
0.16%
0.07%
0.09%
1 - 5 Years
37.56%
38.42%
-0.86%
5 - 10 Years
30.49%
30.16%
0.33%
10 - 15 Years
7.73%
7.87%
-0.15%
15 - 20 Years
5.73%
5.24%
0.49%
20 - 25 Years
7.34%
7.20%
0.14%
Over 25 Years
10.99%
11.03%
-0.04%
Total
100.00%
99.99%
Holdings details
As at 30 Sep 2025
Holding name
% of market value
Market value
Face amount
Coupon/Yield
Maturity date
Ford Motor Credit Co LLC
0.38390%
US$202,525.01
200,000
5.85%
17 May 2027
United States Treasury Note/Bond
0.34015%
US$179,446.25
178,000
4.25%
15 Aug 2035
Takeda US Financing Inc
0.33711%
US$177,841.52
175,000
5.20%
07 Jul 2035
International Business Machines Corp
0.26932%
US$142,082.85
145,000
3.50%
15 May 2029
Bank of America Corp
0.26119%
US$137,789.50
140,000
3.42%
20 Dec 2028
Amgen Inc
0.22704%
US$119,774.13
120,000
5.65%
02 Mar 2053
Morgan Stanley
0.21833%
US$115,180.32
110,000
5.59%
18 Jan 2036
Bank of America Corp
0.21241%
US$112,058.24
110,000
4.98%
24 Jan 2029
United States Treasury Note/Bond
0.20916%
US$110,343.75
110,000
4.75%
15 May 2055
Verizon Communications Inc
0.19450%
US$102,610.36
101,000
5.40%
02 Jul 2037
Prices and distribution
Prices
NAV Price (USD)
US$6.06
Change
-US$0.00-0.00%
At closure 23 Oct 2025
Market value (EUR)
€5.22
Change
+€0.020.34%
At closure 23 Oct 2025
NAV 52-week high
US$6.06
At closure 24 Oct 2025
Market value 52-week high
€5.51
At closure 24 Oct 2025
NAV 52-week low
US$5.53
At closure 24 Oct 2025
Market value 52-week low
€4.90
At closure 24 Oct 2025
NAV 52-week difference
US$0.53
Change
+8.76%
At closure 24 Oct 2025
Market value 52-week difference
€0.61
Change
+11.08%
At closure 24 Oct 2025
Outstanding shares
5,569,985
At closure 30 Sep 2025
Historical Prices
-
Inception date
15 Nov 2022
Listing date
17 Nov 2022
Date
NAV (USD)
Market price (EUR)
23 Oct 2025
US$6.0622
€5.2216
22 Oct 2025
US$6.0624
€5.2038
21 Oct 2025
US$6.0525
€5.2158
20 Oct 2025
US$6.0447
€5.1870
17 Oct 2025
US$6.0330
€5.1728
16 Oct 2025
US$6.0402
€5.1676
15 Oct 2025
US$6.0255
€5.1920
14 Oct 2025
US$6.0239
€5.1870
13 Oct 2025
US$6.0052
€5.1890
10 Oct 2025
US$6.0028
€5.1646
Distribution history
Distribution frequency
—
Historical performance
—
All dividends are reinvested for the "Accumulation" shares.
Purchase information
Currencies and stock exchanges
Listed currencies: MXN, CHF, EUR, USD
Base currency: USD
Exchanges: Bolsa Institucional De Valores, SIX Swiss Exchange, NYSE Euronext - Amsterdam, London Stock Exchange, Deutsche Boerse, Borsa Italiana S.p.A.
Fund codes
Ticker iNav Bloomberg: IV3CUEUR
Bloomberg: V3CU GY
Citi: DTHT
Exchange ticker: V3CU
ISIN: IE000JQV8511
MEX ID: VRAAAY
Reuters: V3CU.DE
SEDOL: BMQ5YR7
Ticker iNav Bloomberg: IV3SDEUR
Exchange ticker: V3SD
Bloomberg: V3SD IM
ISIN: IE000JQV8511
Reuters: V3SDV.MI
SEDOL: BPNZPY5
Ticker iNav Bloomberg: IV3CUEUR
Bloomberg: V3CU GY
Exchange ticker: V3CU
ISIN: IE000JQV8511
Reuters: V3CU.DE
SEDOL: BMQ5YR7
Ticker iNav Bloomberg: IV3SDEUR
Bloomberg: V3SD NA
Exchange ticker: V3SD
ISIN: IE000JQV8511
Reuters: V3SD.AS
SEDOL: BPX3NB2
Ticker iNav Bloomberg: IV3SDCHF
Bloomberg: V3SD SW
ISIN: IE000JQV8511
Reuters: V3SD.S
SEDOL: BPX3N90
Exchange ticker: V3SD
Ticker iNav Bloomberg: IV3SDUSD
Bloomberg: V3SD LN
ISIN: IE000JQV8511
Reuters: V3SD.L
SEDOL: BKPHXW8
Exchange ticker: V3SD
Bloomberg: V3SDN MM
ISIN: IE000JQV8511
Reuters: V3SD.MX
SEDOL: BQP9CW9
The sum of investment management fees (the fees paid to the portfolio manager to invest your money and manage the fund) and administrative and other expenses (which cover all costs and expenses connected with the operation of the fund, which includes administrative fees, shareholder's registration and transfer agency fees, custody fees and all other operating expenses).
Tracking errors are reported as a standard deviation of the gross excess returns of the fund, multiplied by the square root of 12 to give an annualised number.
YTM (Yield to Maturity) effective is the rate of return an investor would receive if the fixed income securities held by a fund were held to their maturity dates.
Medium coupon is the average interest rate paid on the fixed income securities held by a fund. It is expressed as a percentage of face value.
Average maturity is the average length of time until fixed income securities held by a fund reach maturity and are repaid, taking into consideration the possibility that the issuer may call the bond before its maturity date.
Average quality is an indicator of credit risk. This figure is the average of the ratings assigned to a fund’s fixed income holdings by credit-rating agencies. Quality is a graded scale with Aaa or AAA indicating the most creditworthy bond issuers.
Average duration is an estimate of how much the value of the bonds held by a fund will fluctuate in response to a change in interest rates.