Vanguard Total International Bond Index Fund Institutional Shares
VTIFX
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USD
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Capital Structure
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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
- Valley Forge, PA 19482 Valley Forge PA United States of America 19482
- IPO Date
- Jun 4, 2013
- CIK
- 0001532203
- Website
- investor.vanguard.com
- Similar Companies
- Business
- Vanguard Total International Bond Index Fund Institutional Shares (VTIFX) is an open-end mutual fund that seeks to track the performance of the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index, hedged to U.S. dollars. The fund employs an indexing investment approach by investing in a broadly diversified sampling of investment-grade, fixed-rate bonds issued outside the United States, including government, government agency, corporate, and securitized debt with maturities greater than one year; it primarily allocates to non-U.S. bonds (94.59%), with smaller exposures to U.S. bonds (2.89%), cash (2.39%), and other assets; key sectors include future/forward contracts (76.73% for hedging), government bonds (61.08%), corporate bonds (16.24%), government-related bonds (15.50%), and covered bonds (4.51%). Top holdings feature sovereign debt such as France Republic bonds (0.46%), Germany Federal Republic bonds (0.44% and 0.35%), and United Kingdom bonds (0.40% and 0.36%), providing exposure to developed international fixed-income markets across Europe, Asia-Pacific, and other regions excluding the U.S. Launched on May 31, 2013, and domiciled in the United States, VTIFX is managed by Joshua Barrickman (since inception) and Tara Talone (since September 30, 2022) as part of The Vanguard Group, Inc., with institutional shares requiring a minimum initial investment of $5 million and a net expense ratio of 0.06%. The fund operates within the global bond-USD hedged category, targeting institutional investors seeking low-cost, passive exposure to ex-U.S. investment-grade debt markets; total net assets stand at approximately $105.95 billion, with the institutional share class at $14.61 billion. Recent developments include sustained asset growth amid favorable fixed-income conditions, with net assets expanding significantly since 2023; the fund maintained its low-cost structure and indexing strategy without major structural changes, though portfolio managers continued refining sampling techniques to closely match benchmark risk factors. Dividend payouts persisted monthly, including $0.065 per share in March 2025 and $0.609 in December 2024, reflecting stable income generation; no significant acquisitions, partnerships, or product launches were reported for VTIFX in 2024-2025, aligning with Vanguard's focus on passive index replication. The fund remains available exclusively in the United States, emphasizing its role in diversified institutional portfolios.