Vanguard Global Short-Term Bond Index Fund Institutional Plus EUR Hedged Acc

Vanguard Global Short-Term Bond Index Fund Institutional Plus EUR Hedged Acc

About

Vanguard Global Short-Term Bond Index Fund Institutional Plus EUR Hedged Acc (IE00BH65QT84) is a UCITS-compliant bond ETF tracking the Bloomberg Global Aggregate Ex US MBS 1-5 Year Float Adjusted and Scaled Index EUR. With a TER of 0.1%, it ranks among the lowest-cost options in its category, reinvesting dividends. The fund holds 5,448 positions across 66 regions with 258M in assets, with heavy concentration — 65% in government bonds.

ISIN
Fund Size €257.8M
Issuer Vanguard
Distribution Re-Invests Dividends
Replication Physical
Inception Mar 2014
Base Currency EUR
Index Bloomberg Global Aggregate Ex US MBS 1-5 Year Float Adjusted and Scaled Index EUR
Asset Class Bonds
Category Securitized Bond

Costs

8.5
This fund has low total costs, with competitive tracking and expense ratios.

Cost Metrics Explained

What TER, tracking difference, and TD consistency measure

TER (Total Expense Ratio) is the annual fee the fund charges, deducted from assets. It’s the headline cost, but not the full picture.

Tracking Difference measures how much the fund actually lags (or leads) its benchmark index per year. This is the single best measure of true cost — it captures TER plus all other drags like sampling error and tax withholding. A lower (or negative) value is better.

TD Consistency measures how stable the tracking difference is from year to year. A low value means predictable, reliable costs; a high value means costs can vary significantly.
TER0.00%
Tracking Difference0.00%
TD Consistency0.00%

Cumulative Returns

Performance across different time periods.
1 Month+0.00%
3 Months+0.00%
Year to Date+0.00%
1 Year+0.00%
3 Years+0.00%
5 Years+0.00%
Inception+0.00%

Holdings

10.0
This fund spreads its investments across 5,448 individual holdings, providing broad diversification.
#1
United States Treasury Note/Bond
0.91%
#2
United States Treasury Note/Bond
0.49%
#3
French Republic Government Bond OAT
0.48%
#4
United States Treasury Note/Bond
0.47%
#5
Bundesobligation
0.45%
#6
United States Treasury Note/Bond
0.43%
#7
Bundesobligation
0.42%
#8
United States Treasury Note/Bond
0.41%
#9
French Republic Government Bond OAT
0.41%
#10
French Republic Government Bond OAT
0.40%

Sectors

3.8
This fund is concentrated in just a few of its 13 sectors, reducing diversification.

Regions

8.7
This fund is well-diversified across 67 countries, closely matching the global market.

Nerd Stuff

Advanced risk and return metrics (2023-06-21 — 2026-06-18).
1.7%
Volatility
-1.5%
Max Drawdown
0.42
Sharpe Ratio
0.65
Sortino Ratio
0.48
Calmar Ratio
0.00
Beta
0.76%
Alpha (Jensen's)
0.000
R²
Benchmark-relative metrics (Beta, Alpha, R²) are calculated against the iShares Core S&P 500 ETF (IE00B5BMR087).

Documents

Regulatory and fund documents.
Key Information Document

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