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Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Vanguard Global Credit Bond Fund

VGCAX | Fund

$19.30

$979 M

4.35%

$0.84

0.25%

Vitals

YTD Return

1.0%

1 yr return

6.0%

3 Yr Avg Return

6.2%

5 Yr Avg Return

1.5%

Net Assets

$979 M

Holdings in Top 10

11.6%

52 WEEK LOW AND HIGH

$19.3
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.25%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 128.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$50,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 06/01/2026

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Vanguard Global Credit Bond Fund

VGCAX | Fund

$19.30

$979 M

4.35%

$0.84

0.25%

VGCAX - Profile

Distributions

  • YTD Total Return 1.0%
  • 3 Yr Annualized Total Return 6.2%
  • 5 Yr Annualized Total Return 1.5%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 1.69%
DIVIDENDS
  • Dividend Yield 4.4%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Vanguard Global Credit Bond Fund
  • Fund Family Name
    The Vanguard Group, Inc.
  • Inception Date
    Nov 15, 2018
  • Shares Outstanding
    N/A
  • Share Class
    Admiral
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Daniel Shaykevich

Fund Description

The Fund employs an active management approach, investing in bonds of issuers located in a number of countries throughout the world, including emerging market countries, that are denominated in global currencies. Under normal circumstances, the Fund invests at least 80% of its net assets,plus the amount of any borrowings for investment purposes, in bonds.For purposes of the 80% policy,“bonds” include fixed income securities such as corporate bonds; U.S. Treasury obligations and other U.S. government and agency securities; obligations issued or guaranteed by a foreign government or their agencies, instrumentalities, or political subdivisions; and asset-backed, mortgage-backed, and mortgage-related securities. Although the Fund may invest in any of these fixed income securities, it primarily invests in corporate and non-corporate investment-grade bonds that the Fund’s advisor believes will generate a moderate and sustainable level of current income. Investment-grade bonds are those with an average rating equivalent to Baa3 and above by Moody’s or another independent rating agency, or, if unrated, are determined to be of comparable quality by the Fund’s advisor. The Fund may also invest up to 10% of its assets in bonds rated below investment-grade.In an effort to manage the currency risk associated with investing in bonds denominated in currencies other than the U.S. dollar, the Fund seeks to hedge the majority of its foreign currency exposure. The Fund hedges its foreign currency exposure primarily through the use of foreign currency exchange forward contracts, which are a type of derivative.In addition to foreign currency exchange forward contracts, the Fund may invest in To Be Announced (“TBA”) mortgage-backed securities or in derivatives such as fixed income futures contracts, fixed income and currency options, interest rate swaps, total return swaps, credit default swaps, or other derivatives. The Fund may also take short positions in TBA mortgage-backed securities.
Read More

VGCAX - Performance

Return Ranking - Trailing

Period VGCAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -1.0% 5.4% 6.88%
1 Yr 6.0% 2.9% 11.3% 43.13%
3 Yr 6.2%* 3.0% 9.3% 6.88%
5 Yr 1.5%* -3.3% 24.8% 11.32%
10 Yr N/A* 0.0% 14.8% N/A

* Annualized

Return Ranking - Calendar

Period VGCAX Return Category Return Low Category Return High Rank in Category (%)
2025 2.2% -1.1% 5.4% 88.13%
2024 -0.5% -8.1% 3.0% 8.13%
2023 4.1% -5.6% 6.3% 54.38%
2022 -15.7% -28.7% 142.1% 9.43%
2021 -3.7% -12.3% 4.9% 39.74%

Total Return Ranking - Trailing

Period VGCAX Return Category Return Low Category Return High Rank in Category (%)
YTD 1.0% -1.0% 5.4% 6.88%
1 Yr 6.0% 2.9% 11.3% 43.13%
3 Yr 6.2%* 3.0% 9.3% 6.88%
5 Yr 1.5%* -3.3% 24.8% 11.32%
10 Yr N/A* 0.0% 14.8% N/A

* Annualized

Total Return Ranking - Calendar

Period VGCAX Return Category Return Low Category Return High Rank in Category (%)
2025 7.3% 5.5% 12.2% 74.38%
2024 4.2% -2.3% 12.7% 8.13%
2023 9.0% 2.8% 12.9% 26.25%
2022 -13.4% -25.6% 151.8% 13.21%
2021 -0.6% -3.0% 7.5% 46.15%

NAV & Total Return History

VGCAX - Holdings

Concentration Analysis

VGCAX Category Low Category High VGCAX % Rank
Net Assets 979 M 35.3 M 68.1 B 55.63%
Number of Holdings 2078 55 11296 12.50%
Net Assets in Top 10 110 M -29.6 M 3.4 B 55.63%
Weighting of Top 10 11.56% 1.5% 143.6% 43.13%

Top 10 Holdings

  1. Vanguard Market Liquidity Fund 3.00%
  2. EUROPEAN UNION 1.86%
  3. TRIODOS BANK 1.12%
  4. RAIFFEISEN BK IN 1.00%
  5. LITHUANIA 0.87%
  6. BPCE 0.83%
  7. INDONESIA (REP) 0.79%
  8. PUBLIC PROPERTY 0.73%
  9. SAUDI INT BOND 0.70%
  10. SW (FINANCE)I/SW 0.66%

Asset Allocation

Weighting Return Low Return High VGCAX % Rank
Bonds 		98.31% 0.00% 136.47% 18.75%
Convertible Bonds 		5.84% 0.00% 78.47% 33.75%
Cash 		3.00% -43.80% 46.78% 43.13%
Stocks 		0.00% 0.00% 94.86% 71.25%
Preferred Stocks 		0.00% 0.00% 9.18% 73.75%
Other 		-0.25% -3.51% 14.43% 98.13%

Bond Sector Breakdown

Weighting Return Low Return High VGCAX % Rank
Corporate 		70.42% 41.80% 99.52% 91.88%
Government 		24.17% 0.00% 25.63% 1.88%
Cash & Equivalents 		3.00% 0.00% 46.78% 38.13%
Securitized 		0.32% 0.00% 23.18% 69.38%
Municipal 		0.13% 0.00% 3.04% 53.13%
Derivative 		-0.25% -4.04% 3.85% 95.00%

Bond Geographic Breakdown

Weighting Return Low Return High VGCAX % Rank
US 		54.56% 0.00% 102.32% 96.25%
Non US 		43.75% 0.00% 52.18% 5.63%

VGCAX - Expenses

Operational Fees

VGCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.25% 0.03% 3.22% 84.18%
Management Fee 0.22% 0.00% 1.35% 18.75%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.45% N/A

Sales Fees

VGCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 4.75% N/A
Deferred Load N/A 1.00% 4.00% N/A

Trading Fees

VGCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

VGCAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 128.00% 0.00% 182.00% 82.28%

VGCAX - Distributions

Dividend Yield Analysis

VGCAX Category Low Category High VGCAX % Rank
Dividend Yield 4.35% 0.00% 6.00% 31.88%

Dividend Distribution Analysis

VGCAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Monthly Monthly Monthly

Net Income Ratio Analysis

VGCAX Category Low Category High VGCAX % Rank
Net Income Ratio 1.69% 0.38% 5.93% 80.38%

Capital Gain Distribution Analysis

VGCAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Semi-Annually Annually

Distributions History

View More +

VGCAX - Fund Manager Analysis

Managers

Daniel Shaykevich

Start Date

Tenure

Tenure Rank

Nov 15, 2018

3.54

3.5%

Daniel Shaykevich, Principal of Vanguard. He has worked in investment management since 2001, has managed investment portfolios since 2004, has been with Vanguard since 2013. Prior to Vanguard, he was a portfolio manager for BlackRock from 2001 to 2013. He holds a B.S. from Carnegie Mellon University.

Samuel Martinez

Start Date

Tenure

Tenure Rank

Nov 15, 2018

3.54

3.5%

Samuel C. Martinez, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since 2007, has worked in investment management since 2010, has managed investment portfolios since 2014, and has co-managed the Portfolio since 2018. He holds a B.S. from Southern Utah University and M.B.A from The Wharton School of the University of Pennsylvania.

Arvind Narayanan

Start Date

Tenure

Tenure Rank

Nov 19, 2019

2.53

2.5%

Arvind Narayanan, CFA, Portfolio Manager at Vanguard. He has been with Vanguard since February 2019, has worked in investment management since 2002, has managed investment portfolios since 2006, and has co-managed the Funds since November 2019. Education: B.A., Goucher College; M.B.A., New York University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.33 24.76 6.8 2.47

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