Vanguard Global Aggregate Bond Index (Hedged) ETF (VBND) Review & Analysis
- −1.9% in September (total return), in line with the median international bonds ETF at −1.8%.
- Investors added a net $99m (2.1% of the fund). That ranked #20 of 508 ETFs for new money.
- The unit price closed the month at $38.47, near its 12-month low (range $38.40 to $43.18).
About VBND
VBND is Vanguard's Global Aggregate Bond ETF, hedged into Australian dollars. It tracks a version of the Bloomberg Global Aggregate Index, which covers thousands of investment grade bonds issued by governments, government agencies and companies around the world. It is passive.
Most of the fund is in government bonds from the US, Europe, Japan and other developed countries, with a sizeable slice of high quality corporate debt. The currency hedge removes most of the effect of exchange rates, so returns reflect bond markets rather than the Australian dollar. Income is paid as unfranked interest and can vary because hedging gains and losses are included in distributions. The main risk is interest rates: when rates rise, bond prices fall, as investors saw in 2022, and VBND's moderate duration means it is sensitive to those moves.
VBND is often used as the global bond part of a balanced portfolio, adding diversification beyond Australian bonds. Alternatives include VIF and Australian bond funds such as VAF. See VBND vs VIF and VBND vs WBND.
VBND distributions and dividend dates
VBND pays distributions quarterly, usually going ex-distribution in January, April, July and October, with payment about 16 days after the ex-date.
The latest distribution was $0.2627 per unit (0% franked), ex-distribution on 1 October 2026 and paid on 16 October 2026. To receive it you need to own VBND before the ex-date.
Its distribution yield over the past 12 months is about 9.6%. Distributions vary and past payments are not a guide to future ones.
From ASX announcements, updated nightly. See every ETF in the dividend calendar.
Compare VBND with
| Fee | 0.20% | 0.19% |
| 1 year | −1.2% | −1.0% |
| 5 yrs p.a. | −1.3% | – |
| Size | $4.9bn | $455m |
| Fee | 0.20% | 0.19% |
| 1 year | −1.2% | −0.6% |
| 5 yrs p.a. | −1.3% | – |
| Size | $4.9bn | $782m |
| Fee | 0.20% | 0.19% |
| 1 year | −1.2% | −1.5% |
| 5 yrs p.a. | −1.3% | – |
| Size | $4.9bn | $453m |
| Fee | 0.20% | 0.20% |
| 1 year | −1.2% | −1.7% |
| 5 yrs p.a. | −1.3% | −1.5% |
| Size | $4.9bn | $862m |
VBND price by TradingView
| Stock Code | VBND |
|---|---|
| Fund Manager | Vanguard |
| Asset Class | International bonds |
| AUM | $4.9bn |
| MER (%) | 0.20% |
| Net flows (Sep) | +$99m |
| Last Price | $38.47 |
| 52-Week Range | $38.40 – $43.18 |
| Bid/Ask Spread | 0.04% |
| Listing Date | 12/10/2017 |
| Exchange | ASX |
| Index tracked | Bloomberg Global Aggregate Index (hedged) |
| Issuer website | Vanguard ↗ |
Performance (% return)
$10,000 invested…
Value at 30 September 2026 with distributions reinvested, before tax and brokerage.
Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.
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