ETF SCOUTFind. Compare. Invest.
← Back to all ETFs
Vanguard logo

VCF

Fixed Income

Vanguard International Credit Securities Index (Hedged) ETF

About this ETF

Tracks the Bloomberg Global Aggregate Corporate and Government-Related Index hedged into Australian dollars, giving exposure to global investment-grade corporate and government-related bonds.

IssuerVanguard
Management fee (MER)0.30% p.a.
Inception date4 Dec 2015
BenchmarkBloomberg Global Aggregate Corporate and Government-Related Scaled Index (hedged into AUD)

Scout Score

57/100
Ranked #19 of 58 in Fixed Income

An independent score calculated by ETF Scout across 7 real-data factors (cost, diversification, tracking, liquidity, fund strength, performance, income), ranked against other funds in the same category.

Cost16
Diversification96
Tracking77
Liquidity33
Fund Strength55
Performance34
Income96

Strengths

  • Well diversified — top holdings are 2.6% of the fund, less concentrated than 96% of Fixed Income peers.
  • Attractive yield — 9.95%, higher than 96% of Fixed Income peers.
  • Tight index tracking — 0.33% tracking error, tighter than 77% of Fixed Income peers.

Weaknesses

  • Higher fee — 0.30% p.a., more expensive than 84% of Fixed Income funds.
  • Lower liquidity — 0.11% bid/ask spread, wider than 67% of Fixed Income peers.
  • Weak long-term return — +0.9% p.a. (blended), trails 66% of rated Fixed Income peers.

Performance (as of 30 Sep 2026)

Total returns, net of fees. Periods longer than 1 year are annualised.

1 Month-1.99%
3 Months-2.95%
YTD-1.54%
1 Year-0.92%
3 Years (p.a.)+4.19%
5 Years (p.a.)-0.78%

Price history

Cumulative return over the selected period, indexed to 0% at the start of the range.

-19%-14%-8%-3%+2%2021-092022-122024-032025-062026-09

Geographic exposure (as at 30 Sep 2026)

Country (where the company is based).

United States flagUnited States
39.09%
Canada flagCanada
8.13%
Germany flagGermany
6.76%
France flagFrance
5.65%
United Kingdom flagUnited Kingdom
4.63%
Australia flagAustralia
3.49%
Japan flagJapan
2.41%
Netherlands flagNetherlands
1.89%
Spain flagSpain
1.47%
China flagChina
1.42%
Italy flagItaly
1.36%
Saudi Arabia flagSaudi Arabia
1.18%
South Korea flagSouth Korea
1.07%
Belgium flagBelgium
1.03%
Mexico flagMexico
0.95%
Sweden flagSweden
0.88%
Switzerland flagSwitzerland
0.83%
United Arab Emirates flagUnited Arab Emirates
0.66%
Chile flagChile
0.62%
Denmark flagDenmark
0.56%
Indonesia flagIndonesia
0.54%
Ireland flagIreland
0.44%
Poland flagPoland
0.44%
Norway flagNorway
0.43%
Romania flagRomania
0.39%
Finland flagFinland
0.34%
Austria flagAustria
0.32%
Hungary flagHungary
0.28%
Israel flagIsrael
0.28%
Philippines flagPhilippines
0.27%
Qatar flagQatar
0.27%
Singapore flagSingapore
0.24%
Luxembourg flagLuxembourg
0.23%
Hong Kong flagHong Kong
0.21%
South Africa flagSouth Africa
0.18%
India flagIndia
0.17%
Panama flagPanama
0.17%
Brazil flagBrazil
0.14%
New Zealand flagNew Zealand
0.14%
Oman flagOman
0.13%
Peru flagPeru
0.13%
Greece flagGreece
0.12%
Kuwait flagKuwait
0.10%
Portugal flagPortugal
0.10%
Cyprus flagCyprus
0.09%
Malaysia flagMalaysia
0.07%
Thailand flagThailand
0.07%
Uruguay flagUruguay
0.06%
Bermuda flagBermuda
0.05%
Kazakhstan flagKazakhstan
0.05%
Macau flagMacau
0.05%
Taiwan flagTaiwan
0.05%
Czech Republic flagCzech Republic
0.03%
Bulgaria flagBulgaria
0.01%

Top holdings (as of 30 Sep 2026)

The fund's largest individual holdings, ranked by portfolio weight.

  1. 1.United States Treasury Note/Bond 4.375% due 15 Sep 20290.35%
  2. 2.European Union 3.125% due 05 Dec 20280.30%
  3. 3.Kreditanstalt fuer Wiederaufbau 2.125% due 31 Jul 20280.29%
  4. 4.Canada Housing Trust No 1 3.95% due 15 Jun 20280.29%
  5. 5.United States Treasury Note/Bond 4.125% due 31 Aug 20280.28%
  6. 6.European Union 2.5% due 14 Oct 20300.26%
  7. 7.European Union 3.25% due 04 Feb 20500.24%
  8. 8.Chile Government International Bond 4.85% due 22 Jan 20290.21%
  9. 9.State of North Rhine-Westphalia Germany 2.55% due 11 Mar 20310.20%
  10. 10.European Union 2% due 04 Oct 20270.17%
  11. 11.Japan Government Five Year Bond 2% due 20 Mar 20310.17%
  12. 12.Major Joint Local Government Bond 0.18% due 25 Apr 20280.16%
  13. 13.Mitsui Sumitomo Insurance Co Ltd 1.437% due 25 Jul 20300.16%
  14. 14.NTT Finance Corp 0.923% due 20 Dec 20290.16%
  15. 15.Province of Ontario Canada 1.55% due 01 Nov 20290.15%
  16. 16.European Financial Stability Facility 2.5% due 27 Jul 20280.15%
  17. 17.European Union 3.375% due 04 Oct 20390.14%
  18. 18.European Investment Bank 3.125% due 15 May 20370.14%
  19. 19.Korea Treasury Bond 3.5% due 10 Jun 20290.14%
  20. 20.European Union 2.875% due 06 Dec 20270.14%