Key Highlights

  • VCF (ASX:VCF) gives exposure to more than 6,800 corporate, government and supranational bonds, hedged to AUD.
  • The United States is 38.54% of country exposure, followed by Supranational issuers at 9.12%.
  • Fund size is $173.64m, with fees of 0.30%.
  • The annual yield is 9.95%, based on the most recent interim distribution.

Vanguard International Credit Securities Index (Hedged) ETF (ASX:VCF) traded at $36.05 during the trading session on 30 October 2026, up 0.38%, with 9,153 units changing hands. VCF is a broad credit exposure that combines corporate bonds with government-related and supranational debt across developed markets, with the currency hedged to Australian dollars. The fund was admitted to the ASX on 8 December 2015.

Fund Details

Fund size is $173.64m, with 4,835,291 units on issue. The ISIN is AU000000VCF4 and management fees and costs are 0.30% a year. The benchmark is the Bloomberg Global Aggregate Corporate and Government-Related Scalar Hedged AUD index, and the fund is in the Diversified Credit category.

The day's range was $35.98 to $36.10, against a previous close of $35.91. Average daily volume is about 8,922 units.

Credit Exposure and Geography

The fund holds 6,816 companies and issues. Its top holdings include a US five-year note future, United States Treasury notes, European Union bonds, Kreditanstalt Fuer Wiederaufbau bonds and Canada Housing Trust bonds, each under 0.6% of the portfolio. The top ten make up just 3.10%.

By country, the United States accounts for 38.54%, Supranational issuers 9.12%, Germany 6.63%, France 5.45%, the United Kingdom 5.08%, Canada 8.15% and Australia 3.41%. Bonds make up 100.61% of the portfolio, with a turnover ratio of 25.29%.

Income Profile

The annual yield is 9.95%. The most recent interim distribution was $0.212, with an ex-date of 1 October 2026, a record date of 2 October 2026 and a payment date of 16 October 2026. Interest from the portfolio is passed to investors through this distribution.

Key Takeaways

VCF gives a very wide credit spread, with thousands of issues and multiple issuer types.

Supranational and government-related bonds sit alongside corporate debt, which broadens the credit mix.

The currency hedge keeps the Australian dollar return closer to the bond market itself.

The 9.95% yield is taken from one interim distribution and should be read with that in mind.