Vanguard Global Credit Bond Fund Investor Shares
VGCIX
NASDAQ- -
USD
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Capital Structure
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Bonds
- Address
- P.O. Box 2600 Valley Forge PA United States of America 19482
- IPO Date
- Nov 15, 2018
- CIK
- 0001532203
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Global Credit Bond Fund Investor Shares (VGCIX) is an open-end mutual fund managed by The Vanguard Group, Inc., that seeks to provide a moderate and sustainable level of current income through a diversified portfolio of global credit bonds. The fund primarily invests in investment-grade corporate bonds from U.S. and non-U.S. issuers, government-related securities, and asset-backed bonds; it maintains a portfolio allocation of approximately 50% U.S. bonds, 48% non-U.S. bonds, and minimal cash equivalents, benchmarked against the Bloomberg Global Aggregate Credit Index (USD Hedged). Key holdings include securities from issuers such as United States Treasury Bills, British American Tobacco PLC, Rothesay Life PLC, Raiffeisen Bank International AG, and United States Treasury Notes, with top sectors comprising corporate bonds (68%), government bonds (26%), and government-related bonds (4%). The Investor Shares class features a low expense ratio of 0.35%, a minimum initial investment of $3,000, no load fees, and a 30-day SEC yield of approximately 4.5% as of recent data, positioning it in the corporate bond category with medium credit quality and moderate interest-rate sensitivity. Launched on November 15, 2018, the fund is domiciled in the United States and headquartered at The Vanguard Group's primary location in Valley Forge, Pennsylvania, where Vanguard--founded in 1975--manages over $8 trillion in global assets. It targets income-focused investors seeking global diversification, with effective duration around 6 years and assets under management of about $762 million. The fund employs a bottom-up security selection approach emphasizing relative value across countries, yields, currencies, credit ratings, and cost bases, managed by Vanguard's Fixed Income Group under principals like Daniel Shaykevich. No major acquisitions, funding rounds, or name changes specific to VGCIX have occurred in the last 1-2 years; however, Vanguard as a whole announced portfolio allocation enhancements in December 2024 for its STAR Fund (VGSTX), including a new bond component launching in Q1 2025 to improve risk-adjusted performance, and expanded its Investor Choice proxy voting program in May 2025 to 12 funds covering nearly $1 trillion in assets. These firm-wide strategic initiatives reflect Vanguard's ongoing focus on low-cost innovation and investor empowerment without direct operational shifts to VGCIX.