Global Government Bond Index Fund
Global Government Bond Index Fund - Institutional Plus EUR Hedged Dist (VANGIPH)
Related Documents
About 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 Treasury Developed Countries Float Adjusted Index (the “Index”).
- The Index is designed to reflect the universe of float adjusted fixed-rate investment-grade local currency government debt of developed (as determined by the Index provider) countries. The bonds must have a maturity of at least one year.
- The Fund attempts to: 1. Track the performance of the Index by investing 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.
- While the Fund is expected to track the Index as closely as possible, it typically will not match the performance of the targeted Index exactly, due to various factors such as expenses to be paid by the Fund and regulatory constraints. Details of these factors and the anticipated tracking error of the Fund are set out in the Prospectus.
Fund facts
Share class inception
16 Sep 2025
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
Italy reporting
Dividend schedule
Quarterly
Currency
EUR
Index ticker
H38855EU
Benchmark
Bloomberg Global Treasury Developed Countries Float Adjusted Index Hedged in EUR
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 31 Aug 2026
Beta
—R²
— Annualized Tracking Error
1 year
—3 years
—5 years
—Please note Beta and R-squared data will only display for funds with 3 full years of history.
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Portfolio data
Characteristics
| Fundamentals | Fund | Benchmark | As at |
|---|---|---|---|
| Number of bonds | 891 | 1,400 | 31 Aug 2026 |
| 4.1% | 4.1% | 31 Aug 2026 | |
| 3.0% | 2.9% | 31 Aug 2026 | |
| 8.5 Years | 8.5 Years | 31 Aug 2026 | |
| AA | AA | 31 Aug 2026 | |
| 6.5 Years | 6.5 Years | 31 Aug 2026 | |
| Cash Investment | 0.5% | — | 31 Aug 2026 |
Market allocation
As at 31 Aug 2026
| Country | Region | Fund | Benchmark | Variance +/- |
|---|---|---|---|---|
| United States of America | North America | 46.92% | 47.28% | -0.36% |
| Japan | Pacific | 9.79% | 9.81% | -0.02% |
| France | Europe | 7.48% | 7.58% | -0.10% |
| Italy | Europe | 6.65% | 6.69% | -0.04% |
| United Kingdom | Europe | 6.11% | 6.16% | -0.05% |
| Germany | Europe | 6.08% | 5.96% | 0.12% |
| Spain | Europe | 4.38% | 4.34% | 0.04% |
| Canada | North America | 2.11% | 2.18% | -0.07% |
| Australia | Pacific | 1.77% | 1.78% | -0.01% |
| Belgium | Europe | 1.52% | 1.54% | -0.02% |
| Netherlands | Europe | 1.32% | 1.24% | 0.08% |
| Austria | Europe | 1.06% | 1.07% | -0.01% |
| Portugal | Europe | 0.65% | 0.60% | 0.05% |
| Finland | Europe | 0.54% | 0.57% | -0.03% |
| Other | Other | 0.51% | — | — |
Distribution by credit quality (% of funds)
As at 31 Aug 2026
| Credit Rating | Fund |
|---|---|
| AAA | 13.12% |
| AA | 55.44% |
| A | 24.31% |
| BBB | 6.93% |
| Not Rated | 0.20% |
Distribution by credit issuer (% of funds)
As at 31 Aug 2026
| Issuers | Fund |
|---|---|
| Treasury/Federal | 99.80% |
| Cash | 0.51% |
| Other | -0.31% |
Distribution by credit maturity (% of funds)
As at 31 Aug 2026
| Maturity | Fund |
|---|---|
| Under 1 Year | 0.20% |
| 1 - 5 Years | 47.78% |
| 5 - 10 Years | 26.76% |
| 10 - 15 Years | 6.80% |
| 15 - 20 Years | 6.93% |
| 20 - 25 Years | 3.91% |
| Over 25 Years | 7.62% |
Holdings details
As at 31 Aug 2026
| Holding name | % of market value | Market value | Face amount | Coupon/Yield | Maturity date |
|---|---|---|---|---|---|
| French Republic Government Bond OAT | 0.95829% | €7,039,476.67 | 6,120,000 | 2.75% | 25 Feb 2029 |
| Bundesschatzanweisungen | 0.95319% | €7,002,012.50 | 6,100,000 | 2.10% | 15 Mar 2028 |
| Bundesobligation | 0.91004% | €6,685,037.14 | 5,870,000 | 2.40% | 18 Apr 2030 |
| French Republic Government Bond OAT | 0.77331% | €5,680,666.41 | 5,040,000 | 2.70% | 25 Feb 2031 |
| French Republic Government Bond OAT | 0.65959% | €4,845,263.41 | 4,360,000 | 3.00% | 25 May 2033 |
| Spain Government Bond | 0.64699% | €4,752,691.02 | 4,260,000 | 1.45% | 30 Apr 2029 |
| Italy Buoni Poliennali Del Tesoro | 0.55057% | €4,044,403.84 | 3,410,000 | 4.10% | 01 Feb 2029 |
| Italy Buoni Poliennali Del Tesoro | 0.48492% | €3,562,126.92 | 3,000,000 | 4.00% | 15 Nov 2030 |
| Italy Buoni Poliennali Del Tesoro | 0.46468% | €3,413,478.70 | 3,000,000 | 3.25% | 15 Jul 2032 |
| United States Treasury Note/Bond | 0.45738% | €3,359,845.31 | 3,397,000 | 3.50% | 31 Jan 2028 |
Prices and distribution
Prices
NAV Price (EUR)
€93.11
EURChange
+€0.100.11% At closure 09 Oct 2026
NAV 52-week high
€100.86
At closure 11 Oct 2026
NAV 52-week low
€92.85
At closure 11 Oct 2026
NAV 52-week difference
€8.01
Change
+7.94% At closure 11 Oct 2026
Historical Prices
-
Inception date
16 Sep 2025
| Date | NAV (EUR) |
|---|---|
| 09 Oct 2026 | €93.1119 |
| 08 Oct 2026 | €93.0132 |
| 07 Oct 2026 | €92.9211 |
| 06 Oct 2026 | €93.0417 |
| 05 Oct 2026 | €92.8509 |
| 02 Oct 2026 | €92.9164 |
| 01 Oct 2026 | €92.8570 |
| 30 Sep 2026 | €92.8551 |
| 29 Sep 2026 | €93.6919 |
| 28 Sep 2026 | €93.6886 |
Distribution history
Distribution frequency
Quarterly
Historical performance 30 Sep 2026
3.56%
| Type | Distribution amount (per unit) | Ex-dividend date | Registration date | Payable date |
|---|---|---|---|---|
| Income | €0.8220 | 30 Sep 2026 | 29 Sep 2026 | 14 Oct 2026 |
| Income | €0.8240 | 30 Jun 2026 | 29 Jun 2026 | 14 Jul 2026 |
| Income | €0.8175 | 31 Mar 2026 | 30 Mar 2026 | 16 Apr 2026 |
| Income | €0.8447 | 31 Dec 2025 | 30 Dec 2025 | 15 Jan 2026 |
| Income | €0.0635 | 30 Sep 2025 | 29 Sep 2025 | 14 Oct 2025 |
Purchase information
Currency
Base currency:EUR
Fund codes
- Bloomberg:VANGIPH
- Citi:BUB2L
- ISIN:IE000SZNJPY9
- MEX ID:VIAAZI
- SEDOL:BVBNJ85