Global Core Bond Fund
Global Core Bond Fund - USD Hedged Acc (VAGCUHA)
Related Documents
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
US$1,000,000.00
Investment structure
Irish UCITS
Share Class Assets'
Total Assets
Risk indicator
Strategy
Active
Asset Class
Bond
Domicile
Ireland
Dividend schedule
—
Currency
USD
Index ticker
H00038US
Benchmark
Bloomberg Global Aggregate Bond Index Hedged in USD
Register countries
Netherlands, Germany, Portugal, Jersey, C.I., Luxembourg, Spain, Austria, Switzerland, United Kingdom, Finland, Sweden, Guernsey, C.I., Iceland, Italy, Denmark, Ireland, Liechtenstein, Isle of Man, France and Norway
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 | 417 | 32,463 | 31 Aug 2026 |
| 4.6% | 4.1% | 31 Aug 2026 | |
| 4.0% | 3.2% | 31 Aug 2026 | |
| 9.1 Years | 8.1 Years | 31 Aug 2026 | |
| A+ | AA- | 31 Aug 2026 | |
| 5.7 Years | 6.1 Years | 31 Aug 2026 | |
| Cash Investment | -2.3% | — | 31 Aug 2026 |
Market allocation
As at 31 Aug 2026
| Country | Region | Fund | Benchmark | Variance +/- |
|---|---|---|---|---|
| United States of America | North America | 29.95% | 40.41% | -10.46% |
| Supranational | Other | 6.62% | 2.76% | 3.86% |
| Canada | North America | 6.44% | 3.60% | 2.84% |
| United Kingdom | Europe | 5.61% | 4.37% | 1.24% |
| Poland | Europe | 4.37% | 0.45% | 3.92% |
| Japan | Pacific | 4.02% | 7.92% | -3.90% |
| Italy | Europe | 3.79% | 3.16% | 0.63% |
| Germany | Europe | 3.78% | 4.77% | -0.99% |
| China | Emerging Markets | 3.41% | 10.99% | -7.58% |
| Spain | Europe | 3.00% | 2.24% | 0.76% |
| France | Europe | 2.99% | 5.19% | -2.20% |
| Latvia | Emerging Markets | 2.36% | 0.02% | 2.34% |
| Singapore | Pacific | 2.34% | 0.28% | 2.06% |
| Israel | Middle East | 2.28% | 0.27% | 2.01% |
| Hong Kong | Pacific | 2.17% | 0.12% | 2.05% |
Distribution by credit quality (% of funds)
As at 31 Aug 2026
| Credit Rating | Fund |
|---|---|
| AAA | 16.70% |
| AA | 31.20% |
| A | 28.16% |
| Less than BBB | 0.43% |
| BBB | 26.74% |
| Not Rated | -3.22% |
Distribution by credit issuer (% of funds)
As at 31 Aug 2026
| Issuers | Fund |
|---|---|
| Treasury/Federal | 24.65% |
| Gov-Related-Agencies | 8.28% |
| Gov-Related-Local Authority | 7.42% |
| Gov-Related-Sovereign | 8.87% |
| Gov-Related-Supranational | 6.62% |
| Corporate-Industrials | 8.66% |
| Corporate-Utilities | 1.38% |
| Corporate-Financial Institutions | 12.87% |
| Securitized-Mortgage Backed Security Pass-through | 13.75% |
| Securitized-Asset Backed Security | 8.33% |
| Cash | -2.34% |
| Other | 1.51% |
Distribution by credit maturity (% of funds)
As at 31 Aug 2026
| Maturity | Fund |
|---|---|
| Under 1 Year | -0.55% |
| 1 - 5 Years | 33.48% |
| 5 - 10 Years | 39.15% |
| 10 - 15 Years | 12.73% |
| 15 - 20 Years | 4.51% |
| 20 - 25 Years | 2.42% |
| Over 25 Years | 8.26% |
Holdings details
As at 31 Aug 2026
| Holding name | % of market value | Market value | Face amount | Coupon/Yield | Maturity date |
|---|---|---|---|---|---|
| United States Treasury Bill | 8.03536% | US$7,798,439.06 | 7,800,000 | 0.00% | 03 Sep 2026 |
| Republic of Poland Government Bond | 2.27404% | US$2,206,989.83 | 8,423,000 | 4.50% | 25 Jul 2030 |
| United Overseas Bank Ltd | 1.77489% | US$1,722,559.79 | 1,489,000 | 3.34% | 08 Sep 2031 |
| Fannie Mae or Freddie Mac | 1.75622% | US$1,704,440.00 | 2,000,000 | 3.00% | 14 Sep 2026 |
| Bank Leumi Le-Israel BM | 1.72536% | US$1,674,483.59 | 1,441,000 | 3.61% | 03 Sep 2029 |
| Bank of Montreal | 1.72476% | US$1,673,906.17 | 1,441,000 | 2.87% | 04 Sep 2029 |
| ING-DiBa AG | 1.66761% | US$1,618,435.89 | 1,400,000 | 3.25% | 01 Sep 2031 |
| China Government International Bond | 1.65251% | US$1,603,784.67 | 1,453,000 | 3.13% | 03 Jul 2038 |
| United States Treasury Inflation Indexed Bonds | 1.60676% | US$1,559,387.10 | 1,584,202.14 | 0.13% | 15 Apr 2027 |
| International Bank for Reconstruction & Development | 1.53782% | US$1,492,472.57 | 1,105,000 | 4.75% | 15 Nov 2032 |
Prices and distribution
Prices
NAV Price (USD)
US$102.66
USDChange
+US$0.170.17% At closure 06 Oct 2026
NAV 52-week high
US$105.14
At closure 07 Oct 2026
NAV 52-week low
US$102.19
At closure 07 Oct 2026
NAV 52-week difference
US$2.96
Change
+2.81% At closure 07 Oct 2026
Historical Prices
-
Inception date
23 Jul 2025
| Date | NAV (USD) |
|---|---|
| 06 Oct 2026 | US$102.6621 |
| 05 Oct 2026 | US$102.4888 |
| 02 Oct 2026 | US$102.5805 |
| 01 Oct 2026 | US$102.5673 |
| 30 Sep 2026 | US$102.3258 |
| 29 Sep 2026 | US$102.3089 |
| 28 Sep 2026 | US$102.2662 |
| 25 Sep 2026 | US$102.7561 |
| 24 Sep 2026 | US$102.6896 |
| 23 Sep 2026 | US$102.9215 |
Distribution history
Distribution frequency
—
Historical performance
—
All dividends are reinvested for the "Accumulation" shares.
Purchase information
Currency
Base currency:USD
Fund codes
- Bloomberg:VAGCUHA
- Citi:BU7ZU
- ISIN:IE000MV7A061
- MEX ID:VIAAZP
- SEDOL:BS2FTD4