Global Bond-USD Hedged

Summary

The investment seeks to track the performance of Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged) that measures the investment return of non-U.S. dollar-denominated investment-grade bonds.
Fund Assets (millions) $121,695.9
Portfolio Managers 2
Fund Inception Feb 17, 2021
Expense Ratio
(Gross/Net %) 0.07 / 0.07%
Fund Family Vanguard
Prospectus (PDF)

Returns at NAV

Returns at MOP

Asset Mix

Short % 0% Long %
U.S. Stocks 0.0
0.0
Non-U.S. Stocks 0.0
0.0
U.S. Bonds 0.0
2.9
Non-U.S. Bonds 0.0
95.0
Convertible 0.0
0.2
Preferred 0.0
0.0
Other 0.0
0.0
Cash 69.3
71.2
As of 7/31/2024
Read important information about results and other investment disclosures
This chart tracks a hypothetical investment, with dividends reinvested, shown from the share class inception date through July 31, 2024
VTILX
Bloomberg US Agg Bond TR USD

Fund Statistics

7.3 years
Average Duration
5.0%
Average Yield
to Maturity
--%
Average Coupon
As of 7/31/2024

Morningstar Style BoxTM— Fixed-Income

Medium Quality
Moderate Interest-Rate Sensitivity
As of 7/31/24

Investment Strategy

The fund employs an indexing investment approach designed to track the performance of the index. This index provides a broad-based measure of the global, investment-grade, fixed-rate debt markets. All of its investments will be selected through the sampling process and, normally, at least 80% of the fund's assets will be invested in bonds included in the index. It is non-diversified.

Fund Facts

Fund Inception Feb 17, 2021
Fund Assets (Millions) $121,695.9
Dividend Distribution Frequency Monthly
Minimum Investment $5,000,000
Capital Gains Distribution Frequency --
Turnover 26%
Fiscal Year-End Oct
Prospectus Date Feb 27, 2024

Returns

Month-End Returns as of 7/31/24

Returns at NAV
| at MOP
Read important information about results and other investment disclosures
VTILX
Bloomberg US Agg Bond TR USD
ANNUAL RETURNS CHART

Quarter-End Returns as of 6/30/24

Yield

12-Month Distribution Rates (NAV)
4.56%
30-Day SEC Yield (Gross | Net) 3.21% | 3.21%
As of 7/31/2024

Portfolio Management

Read important investment disclosures
Years of Experience With Fund
Joshua Barrickman 3 yrs
Tara Talone 1 yrs
As of 7/31/2024

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(103)
3-yr. Morningstar RatingTM
(103 funds rated)
5-yr. Morningstar RatingTM
(-- funds rated) 		--
10-yr. Morningstar RatingTM
(-- funds rated) 		--
Overall Morningstar Risk Average
HIGH
LOW
Morningstar Category
Global Bond-USD Hedged
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 7/31/2024.

Risk Measures

Fund
Standard Deviation
6.28
Sharpe Ratio
-0.85
R-squared
79
Beta
0.73
Capture Ratio (Downside/Upside)
76/78
American Funds and Morningstar Benchmark for the 3 Years Years ending 7/31/24 R-squared, Beta and Capture Ratio calculated using the Bloomberg US Agg Bond TR USD.

Maturity

1 To 3 Years
21.4%
3 To 5 Years
20.6%
5 To 7 Years
13.5%
7 To 10 Years
16.4%
10 To 15 Years
9.3%
15 To 20 Years
7.0%
20 To 30 Years
9.0%
Over 30 Years
2.7%
Percentage of net assets as of 7/31/2024

Quality Summary

AAA
25.4%
AA
27.3%
A
26.7%
BBB
18.4%
BB
0.0%
B
0.0%
Below B
1.6%
Not Rated
0.7%
Percentage of net assets as of 7/31/2024

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
Cash & Equivalents 1.1%
Municipal 0.0%

Percentage of net assets as of 7/31/2024

Top 10 Holdings

Germany (Federal Republic Of)
0.4%
France (Republic Of)
0.4%
Germany (Federal Republic Of)
0.4%
France (Republic Of)
0.4%
France (Republic Of)
0.3%
France (Republic Of)
0.3%
France (Republic Of)
0.3%
Germany (Federal Republic Of)
0.3%
Spain (Kingdom of)
0.3%
France (Republic Of)
0.3%

Percentage of net assets as of 7/31/2024

Geographic Breakdown

Top Countries
Japan
12.6%
France
12.2%
Germany
11.3%
Italy
7.7%
United Kingdom
7.3%
Canada
6.9%
Spain
5.5%
Supranational
4.7%
Australia
3.5%
South Korea
3.0%

Percentage of net assets as of 7/31/2024

Fees & Expenses

Fees

Annual Management Fees 0.06%
Service 12b-1 --
Maximum Sales Charge --
As of each fund's most recent prospectus.

Expense Ratio

Gross Net
VTILX 0.07% 0.07%
Morningstar Category: Global Bond-USD Hedged 0.89% 0.69%
Fund as of most recent prospectus. Morningstar Category as of 7/31/24.