U.S. Investment Grade Credit Index Fund
U.S. Investment Grade Credit Index Fund - Institutional Plus USD Dist (VANIPUS)
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Learn moreAbout this fund
Fund objectives
- The Fund employs a passive management – or indexing – investment approach, through physical acquisition of securities, and seeks to track the performance of the Bloomberg Global Aggregate USD Credit Float Adjusted Bond Index (the “Index”).
- The Index is a market-weighted index of U.S. dollar-denominated Investment grade fixed-income securities with maturities greater than one year and a minimum issue size of USD 300 million, but excluding certain sectors as set out below. The Index includes securities issued by global corporates, securitised, and government-related/supranational entities, but excludes U.S. Treasuries and certain securitised sectors and issues as defined by the Index provider.
- The Fund attempts to: 1. Track the performance of the Index by investing through physical acquisition in a portfolio of securities that, insofar as possible and practicable, consists of a representative sample of the component securities of the Index. 2. Remain fully invested except in extraordinary market, political or similar conditions where the Fund may temporarily depart from this investment policy to avoid losses.
Fund facts
Share class inception
24 Sep 2015
Minimum initial investment
$100,000,000.00
Investment structure
Irish UCITS
Share Class Assets'
Total Assets
Risk indicator
Strategy
Index
Asset Class
Bond
Domicile
Ireland
Tax status
Switzerland, United Kingdom, Austria and Italy reporting
Dividend schedule
Quarterly
Currency
USD
Index ticker
I23047US
Benchmark
Bloomberg Global Aggregate USD Credit Float Adjusted Bond Index
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Performance
Risk and Volatility
As at 30 Sep 2026
Beta
R²
Annualized Tracking Error
1 year
3 years
5 years
Portfolio data
Characteristics
| Fundamentals | Fund | Benchmark | As at |
|---|---|---|---|
| Number of bonds | 7,157 | 14,378 | 30 Sep 2026 |
| 6.0% | 6.0% | 30 Sep 2026 | |
| 4.7% | 4.6% | 30 Sep 2026 | |
| 9.1 Years | 9.1 Years | 30 Sep 2026 | |
| A | A | 30 Sep 2026 | |
| 5.8 Years | 5.8 Years | 30 Sep 2026 | |
| Cash Investment | 0.0% | — | 30 Sep 2026 |
Market allocation
As at 30 Sep 2026
| Country | Region | Fund | Benchmark | Variance +/- |
|---|---|---|---|---|
| United States of America | North America | 63.88% | 62.98% | 0.90% |
| Supranational | Other | 3.95% | 4.10% | -0.15% |
| Canada | North America | 3.54% | 3.67% | -0.13% |
| United Kingdom | Europe | 3.00% | 3.32% | -0.32% |
| Japan | Pacific | 2.29% | 2.35% | -0.06% |
| Saudi Arabia | Emerging Markets | 2.03% | 2.01% | 0.02% |
| Germany | Europe | 2.02% | 2.04% | -0.02% |
| France | Europe | 2.00% | 1.83% | 0.17% |
| Mexico | Emerging Markets | 1.39% | 1.37% | 0.02% |
| Australia | Pacific | 1.34% | 1.49% | -0.15% |
| United Arab Emirates | Emerging Markets | 1.25% | 1.22% | 0.03% |
| China | Emerging Markets | 1.20% | 1.39% | -0.19% |
| South Korea | Pacific | 1.07% | 1.03% | 0.04% |
| Indonesia | Emerging Markets | 0.89% | 0.87% | 0.02% |
| Italy | Europe | 0.64% | 0.56% | 0.08% |
As at 30 Sep 2026
| Credit Rating | |
|---|---|
| AAA | 6.60% |
| AA | 14.49% |
| A | 39.16% |
| Less than BBB | 0.01% |
| BBB | 39.73% |
| Not Rated | 0.01% |
Distribution by credit issuer (% of funds)
As at 30 Sep 2026
| Issuers | Fund |
|---|---|
| Treasury/Federal | 0.43% |
| Gov-Related-Provincials/Municipals | 1.32% |
| Gov-Related-Agencies | 6.77% |
| Gov-Related-Local Authority | 1.12% |
| Gov-Related-Sovereign | 6.23% |
| Gov-Related-Supranational | 3.95% |
| Corporate-Industrials | 42.27% |
| Corporate-Utilities | 7.56% |
| Corporate-Financial Institutions | 27.59% |
| Securitized-Asset Backed Security | 0.39% |
| Securitized-Commercial Mortgage Backed Security | 2.36% |
| Cash | 0.01% |
| Other | 0.00% |
Distribution by credit maturity (% of funds)
As at 30 Sep 2026
| Maturity | Fund |
|---|---|
| Under 1 Year | 0.32% |
| 1 - 5 Years | 44.29% |
| 5 - 10 Years | 28.11% |
| 10 - 15 Years | 6.01% |
| 15 - 20 Years | 5.39% |
| 20 - 25 Years | 6.62% |
| Over 25 Years | 9.27% |
Holdings details
As at 30 Sep 2026
| Holding name | % of market value | Market value | Face amount | Coupon/Yield | Maturity date |
|---|---|---|---|---|---|
| Goldman Sachs Group Inc/The | 0.16245% | $2,300,747.78 | 2,400,000 | 4.97% | 03 Jun 2032 |
| United States Treasury Note/Bond | 0.14371% | $2,035,218.75 | 2,040,000 | 4.75% | 30 Sep 2028 |
| United States Treasury Note/Bond | 0.13187% | $1,867,640.63 | 2,052,000 | 5.00% | 15 May 2056 |
| Eagle Funding Luxco Sarl | 0.11998% | $1,699,272.76 | 1,725,000 | 5.50% | 17 Aug 2030 |
| CVS Health Corp | 0.10598% | $1,500,945.77 | 1,523,000 | 4.30% | 25 Mar 2028 |
| Sopaipilla Investor LLC | 0.10501% | $1,487,208.78 | 1,500,000 | 7.53% | 30 Nov 2048 |
| UnitedHealth Group Inc | 0.10255% | $1,452,330.22 | 1,475,000 | 4.70% | 15 Apr 2029 |
| Barclays PLC | 0.09917% | $1,404,507.10 | 1,375,000 | 7.39% | 02 Nov 2028 |
| BNP Paribas SA | 0.09667% | $1,369,117.61 | 1,400,000 | 4.38% | 01 Mar 2033 |
| Wells Fargo & Co | 0.09200% | $1,302,998.46 | 1,358,000 | 4.84% | 20 May 2032 |
Prices and distribution
Prices
NAV Price (USD)
$89.85
USDChange
+$0.480.53% At closure 15 Oct 2026
NAV 52-week high
$96.12
At closure 16 Oct 2026
NAV 52-week low
$88.76
At closure 16 Oct 2026
NAV 52-week difference
$7.36
Change
+7.66% At closure 16 Oct 2026
Historical Prices
-
Inception date
24 Sep 2015
| Date | NAV (USD) |
|---|---|
| 15 Oct 2026 | $89.8521 |
| 14 Oct 2026 | $89.3749 |
| 13 Oct 2026 | $89.2787 |
| 12 Oct 2026 | $89.1922 |
| 09 Oct 2026 | $89.1555 |
| 08 Oct 2026 | $89.1946 |
| 07 Oct 2026 | $88.9644 |
| 06 Oct 2026 | $88.9491 |
| 05 Oct 2026 | $88.9520 |
| 02 Oct 2026 | $88.7589 |
Distribution history
Distribution frequency
Quarterly
Historical performance 30 Sep 2026
4.97%
| Type | Distribution amount (per unit) | Ex-dividend date | Registration date | Payable date |
|---|---|---|---|---|
| Income | $1.1902 | 30 Sep 2026 | 29 Sep 2026 | 14 Oct 2026 |
| Income | $1.0185 | 30 Jun 2026 | 29 Jun 2026 | 14 Jul 2026 |
| Income | $1.1324 | 31 Mar 2026 | 30 Mar 2026 | 16 Apr 2026 |
| Income | $1.0694 | 31 Dec 2025 | 30 Dec 2025 | 15 Jan 2026 |
| Income | $1.0737 | 30 Sep 2025 | 29 Sep 2025 | 14 Oct 2025 |
| Income | $1.0807 | 30 Jun 2025 | 27 Jun 2025 | 14 Jul 2025 |
| Income | $1.0201 | 31 Mar 2025 | 28 Mar 2025 | 14 Apr 2025 |
| Income | $1.0485 | 31 Dec 2024 | 30 Dec 2024 | 15 Jan 2025 |
| Income | $1.0473 | 30 Sep 2024 | 27 Sep 2024 | 14 Oct 2024 |
| Income | $0.9961 | 28 Jun 2024 | 27 Jun 2024 | 12 Jul 2024 |
Purchase information
Currency
Base currency:USD
Fund codes
- Bloomberg:VANIPUS
- Citi:MPWI
- ISIN:IE00BZ04LP85
- MEX ID:VIXYB
- SEDOL:BZ04LP8