Vanguard Global Short-Term Bond Index Fund USD Hedged Dist

Vanguard Global Short-Term Bond Index Fund USD Hedged Dist

About

Vanguard Global Short-Term Bond Index Fund USD Hedged Dist (IE00BN71SS04) is a UCITS-compliant bond ETF tracking the Bloomberg Global Aggregate Ex US MBS 1-5 Year Float Adjusted and Scaled Index USD. With a TER of 0.15%, it is competitively priced. The fund holds 5,369 positions across 66 regions with 6M in assets, with heavy concentration — 67% in government bonds.

ISIN
Fund Size €6.1M
Issuer Vanguard
Distribution —
Replication Physical
Inception Nov 2020
Base Currency USD
Index Bloomberg Global Aggregate Ex US MBS 1-5 Year Float Adjusted and Scaled Index USD
Asset Class Bonds
Category Securitized Bond

Costs

8.2
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 5,369 individual holdings, providing broad diversification.
#1
United States Treasury Note/Bond
0.01%
#2
TREASURY NOTE (OTR)
0.01%
#3
United States Treasury Note/Bond
0.01%
#4
French Republic Government Bond OAT
0.01%
#5
French Republic Government Bond OAT
0.01%
#6
United States Treasury Note/Bond
0.01%
#7
United States Treasury Note/Bond
0.00%
#8
Bundesobligation
0.00%
#9
United States Treasury Note/Bond
0.00%
#10
United States Treasury Note/Bond
0.00%

Sectors

3.7
This fund is concentrated in just a few of its 11 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 (2023-06-05 — 2026-05-29).
2.3%
Volatility
-2.0%
Max Drawdown
-0.26
Sharpe Ratio
-0.32
Sortino Ratio
-0.29
Calmar Ratio
0.19
Beta
-6.58%
Alpha (Jensen's)
0.190
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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