Vanguard International Credit Securities Index (Hedged) 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 fixed income funds would cost $152 (0.30% a year), so VCF is $9 dearer.
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 · 784 securities · top 10 = 8.8% · holdings coverage: partial
Country
Sector
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.3 | 1.5 | −2.3 | 0.5 | 0.9 | 0.9 | −1.0 | 0.1 | −2.1 | 1.3 | −0.1YTD | ||
| 2025 | −0.0 | 1.7 | −0.6 | 0.6 | −0.1 | 1.2 | 0.3 | 0.6 | 0.7 | 0.7 | 0.5 | −0.7 | 5.1 |
| 2024 | −0.6 | −1.1 | 0.9 | −1.2 | 0.5 | 1.1 | 1.5 | 1.4 | 1.2 | −1.7 | 1.2 | −0.8 | 2.5 |
| 2023 | 2.3 | −2.2 | 1.7 | 0.4 | −0.5 | −0.3 | 0.3 | −0.4 | −1.7 | −0.8 | 3.9 | 3.4 | 6.2 |
| 2022 | −2.3 | −2.3 | −2.4 | −3.3 | −0.5 | −2.9 | 3.8 | −2.9 | −4.7 | −0.6 | 3.2 | −0.7 | −14.8 |
| 2021 | −0.7 | −2.6 | −0.6 | 0.7 | 0.7 | 0.6 | 1.3 | 0.3 | −1.1 | −0.4 | −0.1 | 0.2 | −1.7 |
| 2020 | 1.7 | 0.7 | −7.0 | 4.1 | 1.3 | 1.8 | 2.2 | −0.9 | 0.3 | 0.2 | 1.1 | 0.5 | 5.8 |
| 2019 | 1.0 | 0.7 | 1.6 | 0.3 | 1.3 | 1.8 | 0.6 | 2.5 | −0.7 | −0.5 | 0.6 | 0.0 | 9.7 |
| 2018 | −0.6 | −1.2 | 0.6 | −1.0 | 1.1 | −0.2 | 0.0 | 0.7 | −0.6 | −0.6 | −0.2 | 1.7 | −0.2 |
| 2017 | 0.2 | 0.9 | 0.1 | 0.9 | 0.9 | −0.2 | 0.4 | 0.6 | −0.2 | 0.8 | −0.4 | 0.8 | 4.9 |
| 2016 | 0.9 | 0.7 | 1.7 | 1.3 | 0.4 | 1.5 | 1.5 | 0.8 | 0.2 | −1.2 | −1.4 | 0.1 | 6.5 |
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.
VCF questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Vanguard International Credit Securities Index (Hedged) ETF?
Vanguard International Credit Securities Index (Hedged) ETF holds 784 securities.
Its largest country exposure is United States at 14.5%, based on holdings as at 31 July 2026.
Which ETFs does VCF double up with most?
VCF shares the most holdings with Vanguard Diversified Income ETF (VDIF) (12% overlap), Vanguard Ethically Conscious Global Aggregate Bond Index (Hedged) ETF (VEFI) (12% overlap) and Betashares Sustainability leaders Diversified Bond ETF - Currency Hedged (GBND) (10% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
None of these overlaps is above half, so pairing VCF with one of them adds some genuinely different holdings.
How is Vanguard International Credit Securities Index (Hedged) ETF managed – active or passive?
Vanguard International Credit Securities Index (Hedged) 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 fixed income funds, active funds charge a median 0.59% a year and index funds 0.26%.
What will I pay in fees for VCF?
VCF charges a management fee of 0.30% a year, about $30 for every $10,000 invested. That is cheaper than 66% of the 471 ASX ETFs we track, where the median fee is 0.44%. Among Global ex-Australia fixed income funds, the median is 0.28%.
Lower-cost funds with a similar focus include Vanguard Global Aggregate Bond Index (Hedged) ETF (VBND) at 0.20%, Vanguard International Fixed Interest Index (Hedged) ETF (VIF) at 0.20% and Betashares Global Aggregate Bond Currency Hedged ETF (WBND) at 0.19%.
If you would rather have a manager choose the investments, active options such as VanEck Bentham Global Capital Securities Active ETF (GCAP) at 0.59% and Coolabah Active Global Bond Complex ETF (GFXD) at 0.69% 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 0.11% for VCF.
Does Vanguard International Credit Securities Index (Hedged) ETF follow a theme?
No. Vanguard International Credit Securities Index (Hedged) ETF is a broad fixed income fund: it aims to cover a wide slice of its market (Global ex-Australia) rather than one theme or sector.
What is under the hood of VCF?
As at 31 July 2026, the largest issuers among VCF's holdings are European Union (2.3% across 19 bonds), Kreditanstalt fuer Wiederaufbau (0.6% across 6 bonds), European Investment Bank (0.6% across 6 bonds), Major Joint Local Government Bond (0.3% across 2 bonds), Korea Treasury Bond (0.3% across 2 bonds), European Financial Stability Facility (0.2% across 2 bonds), Mitsui Sumitomo Insurance Co Ltd (0.2%), NTT Finance Corp (0.2%), BNP Paribas SA (0.2% across 2 bonds) and CPPIB Capital Inc (0.2% across 2 bonds).
It follows an index; the issuer's PDS sets out how that index chooses and weights its holdings.
How well has Vanguard International Credit Securities Index (Hedged) ETF performed?
Based on its category, Vanguard International Credit Securities Index (Hedged) ETF aims mainly to pay a regular income, with capital growth secondary.
To 23 Oct 2026, with distributions reinvested, it returned −0.7% over 1 year (median −0.7%; ranked 7 of 12), 5.2% a year over 3 years (median 5.6% a year; ranked 6 of 10) and −0.4% a year over 5 years (median −0.6% a year; ranked 4 of 7). The medians and rankings compare it with Global ex-Australia fixed income funds. Since listing in 2016 it has returned 2.0% 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 VCF; 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 0.30% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.