Vanguard Global Infrastructure Index ETF
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among Global ex-Australia equity funds would cost $297 (0.59% a year), so VBLD is $54 cheaper.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 31 July 2026 · 135 securities · top 10 = 35.9%
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | −1.0 | 6.4 | 1.5 | −3.0 | 0.3 | 5.4 | −2.8 | −3.5 | −3.1 | 6.5 | 6.1YTD | ||
| 2025 | 1.7 | 1.7 | 1.1 | −1.1 | −0.1 | −0.4 | 1.6 | 0.4 | 0.9 | −0.1 | 2.9 | −3.2 | 5.3 |
| 2024 | 1.4 | 1.1 | 2.7 | −0.7 | 0.3 | −0.7 | 9.1 | −0.8 | 0.5 | 3.5 | 5.1 | −2.9 | 19.7 |
| 2023 | −4.1 | 1.4 | 1.3 | 3.3 | −3.7 | 0.9 | 1.8 | −1.4 | −5.6 | 0.5 | 3.1 | 1.5 | −1.5 |
| 2022 | −0.7 | −3.8 | 6.3 | 1.6 | −0.6 | −3.2 | 4.2 | 1.2 | −6.5 | 3.2 | 1.7 | −1.4 | 1.4 |
| 2021 | −0.1 | −1.6 | 8.9 | 0.9 | 1.8 | 1.6 | 3.5 | 2.8 | −2.3 | 1.1 | 4.0 | 2.7 | 25.4 |
| 2020 | 9.2 | −5.6 | −6.7 | 0.6 | 0.6 | −6.6 | −0.4 | 0.0 | 1.2 | 0.6 | 2.6 | −5.0 | −10.1 |
| 2019 | 4.1 | 6.1 | 3.2 | 0.9 | 1.1 | 1.8 | 1.8 | 3.9 | 1.3 | −2.3 | 1.9 | −0.4 | 25.8 |
| 2018 | −0.4 | −1.2 | −1.6 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
VBLD questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Vanguard Global Infrastructure Index ETF?
Vanguard Global Infrastructure Index ETF holds 135 securities, and its ten largest positions make up 35.9% of the fund, close to the 36.4% typical of Global ex-Australia equity funds. That makes it moderately diversified.
Its largest country exposure is United States at 69.1%, and its biggest sector is Industrials at 45.4%, based on holdings as at 31 July 2026.
Which ETFs does VBLD double up with most?
VBLD shares the most holdings with VanEck FTSE Global Infrastructure (Hedged) ETF (IFRA) (83% overlap), Betashares FTSE Global Infrastructure Shares Currency Hedged ETF (TOLL) (83% overlap) and iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN) (82% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
At 83%, owning both VBLD and IFRA would mostly double up on the same investments rather than spread your money further. Of these, TOLL has the lowest fee, at 0.14% a year against 0.47% for VBLD.
How is Vanguard Global Infrastructure Index ETF managed – active or passive?
Vanguard Global Infrastructure Index ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
Among Global ex-Australia equity funds, active funds charge a median 0.75% a year and index funds 0.45%.
What will I pay in fees for VBLD?
VBLD charges a management fee of 0.47% a year, about $47 for every $10,000 invested. Only 45% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among Global ex-Australia equity funds, the median is 0.55%.
Lower-cost funds with a similar focus include VanEck FTSE Global Infrastructure (Hedged) ETF (IFRA) at 0.20%, iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN) at 0.15% and Betashares FTSE Global Infrastructure Shares Currency Hedged ETF (TOLL) at 0.14%.
If you would rather have a manager choose the investments, active options such as CB Global Infrastructure Income (Hedged) Active ETF (CIIH) at 1.02% and CB GLBL Infrastructure Value (Hedged) Active ETF (CIVH) at 1.02% cost more.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.07% for VBLD.
Does Vanguard Global Infrastructure Index ETF follow a theme?
Yes. Vanguard Global Infrastructure Index ETF focuses on infrastructure, and its largest sector is Industrials at 45.4% of the fund. Thematic funds are narrower than the broad market, so they can rise or fall much more than it does.
Other ASX funds with a infrastructure focus include VanEck FTSE Global Infrastructure (Hedged) ETF (IFRA), iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN), CB Global Infrastructure Income (Hedged) Active ETF (CIIH) and CB GLBL Infrastructure Value (Hedged) Active ETF (CIVH).
What is under the hood of VBLD?
As at 31 July 2026, VBLD's ten largest holdings are NextEra Energy Inc (5.9%), Union Pacific Corp (5.7%), Enbridge Inc (3.9%), Southern Co/The (3.5%), Duke Energy Corp (3.2%), CSX Corp (3.1%), Williams Cos Inc/The (2.9%), American Tower Corp (2.6%), National Grid PLC (2.6%) and Canadian Pacific Kansas City Ltd (2.6%). Together they make up 35.9% of the fund.
It follows an index; the issuer's PDS sets out how that index chooses and weights its holdings. Its top 10 weighting of 35.9% compares with 36.4% for Global ex-Australia equity funds.
How well has Vanguard Global Infrastructure Index ETF performed?
Based on its category, Vanguard Global Infrastructure Index ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned 1.5% over 1 year (median 6.3%; ranked 81 of 121), 11.8% a year over 3 years (median 16.8% a year; ranked 64 of 82) and 7.3% a year over 5 years (median 9.4% a year; ranked 44 of 66). The medians and rankings compare it with Global ex-Australia equity funds. Since listing in 2018 it has returned 8.0% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for VBLD; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.47% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.