Global Credit Bond Fund
Global Credit Bond Fund - Institutional CHF Hedged Acc (VAGCBIH)
Related Documents
About this fund
Fund objectives
- The Fund seeks to provide a moderate and sustainable level of current income by investing in a diversified portfolio of global credit bonds.
- The Fund employs an “active management” strategy, and while the Fund will invest substantially in components of the Bloomberg Global Aggregate Credit Index, its investment manager will follow distinct approaches in managing the Fund’s assets.
- The Investment Manager may in its discretion restrict the extent to which the Fund’s holdings deviate from the Index constituents on a security selection and fixed income sector basis. The Fund may take active fixed income sector views with the focus on bond specific selection. The extent to which the Fund can outperform the Index may be restricted by constraints applied by the Investment Manager which limit the potential volatility of the difference between the return of the Fund and the return of the Index. Such constraints may change or be removed from time to time at the Investment Manager’s discretion and depending on market environments.
Fund facts
Share class inception
08 Feb 2022
Minimum initial investment
CHF 5,000,000.00
Investment structure
Irish UCITS
Share Class Assets'
Total Assets
Risk indicator
Strategy
Active
Asset Class
Bond
Domicile
Ireland
Dividend schedule
—
Currency
CHF
Index ticker
H03434CH
Benchmark
Bloomberg Global Aggregate Credit Index in CHF
Register countries
Italy, Finland, Luxembourg, France, Austria, Norway, Ireland, Portugal, United Kingdom, Switzerland, Denmark, Guernsey, C.I., Jersey, C.I., Liechtenstein, Spain, Germany, Netherlands, Isle of Man and Sweden
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 | 1,736 | 21,608 | 31 Aug 2026 |
| 5.2% | 4.9% | 31 Aug 2026 | |
| 4.7% | 4.1% | 31 Aug 2026 | |
| 8.4 Years | 8.3 Years | 31 Aug 2026 | |
| A- | A | 31 Aug 2026 | |
| 5.7 Years | 5.7 Years | 31 Aug 2026 | |
| Cash Investment | 2.2% | — | 31 Aug 2026 |
Market allocation
As at 31 Aug 2026
| Country | Region | Fund | Benchmark | Variance +/- |
|---|---|---|---|---|
| United States of America | North America | 40.33% | 44.32% | -3.99% |
| United Kingdom | Europe | 7.84% | 5.18% | 2.66% |
| Supranational | Other | 7.00% | 11.21% | -4.21% |
| Australia | Pacific | 6.22% | 1.78% | 4.44% |
| Germany | Europe | 4.57% | 4.17% | 0.40% |
| Italy | Europe | 3.99% | 1.45% | 2.54% |
| France | Europe | 2.07% | 5.01% | -2.94% |
| Austria | Europe | 2.06% | 0.34% | 1.72% |
| Other | Other | 1.94% | 0.00% | 1.94% |
| Sweden | Europe | 1.70% | 0.80% | 0.90% |
| Spain | Europe | 1.62% | 1.48% | 0.14% |
| Lithuania | Europe | 1.60% | 0.01% | 1.59% |
| Switzerland | Europe | 1.27% | 0.91% | 0.36% |
| Saudi Arabia | Emerging Markets | 1.14% | 1.33% | -0.19% |
| Netherlands | Europe | 1.02% | 1.52% | -0.50% |
Distribution by credit quality (% of funds)
As at 31 Aug 2026
| Credit Rating | Fund |
|---|---|
| AAA | 7.02% |
| AA | 7.35% |
| A | 26.37% |
| Less than BBB | 4.55% |
| BBB | 52.95% |
| Not Rated | 1.77% |
Distribution by credit issuer (% of funds)
As at 31 Aug 2026
| Issuers | Fund |
|---|---|
| Treasury/Federal | 5.40% |
| Gov-Related-Provincials/Municipals | 0.09% |
| Gov-Related-Agencies | 6.90% |
| Gov-Related-Local Authority | 1.40% |
| Gov-Related-Sovereign | 7.26% |
| Gov-Related-Supranational | 7.00% |
| Corporate-Industrials | 30.02% |
| Corporate-Utilities | 9.08% |
| Corporate-Financial Institutions | 30.79% |
| Cash | 2.25% |
| Other | -0.20% |
Distribution by credit maturity (% of funds)
As at 31 Aug 2026
| Maturity | Fund |
|---|---|
| Under 1 Year | 2.70% |
| 1 - 5 Years | 33.30% |
| 5 - 10 Years | 38.40% |
| 10 - 15 Years | 8.50% |
| 15 - 20 Years | 5.37% |
| 20 - 25 Years | 2.69% |
| Over 25 Years | 9.05% |
Holdings details
As at 31 Aug 2026
| Holding name | % of market value | Market value | Face amount | Coupon/Yield | Maturity date |
|---|---|---|---|---|---|
| European Union | 1.85725% | CHF 41,241,844.69 | 36,867,450 | 2.50% | 04 Dec 2031 |
| European Union | 1.70084% | CHF 37,768,630.16 | 37,000,000 | 1.00% | 06 Jul 2032 |
| European Union | 1.27922% | CHF 28,406,131.11 | 24,910,000 | 2.88% | 13 Oct 2031 |
| AMCO - Asset Management Co SpA | 1.11632% | CHF 24,788,862.94 | 21,764,000 | 2.75% | 15 Mar 2029 |
| SW Finance I PLC | 1.05570% | CHF 23,442,852.04 | 16,641,000 | 7.75% | 31 Oct 2031 |
| Kommunalkredit Austria AG | 1.05512% | CHF 23,429,861.35 | 19,700,000 | 5.25% | 28 Mar 2029 |
| Artea Bankas AB | 0.92892% | CHF 20,627,470.77 | 17,600,000 | 4.60% | 25 Jun 2030 |
| Czechoslovak Group AS | 0.78252% | CHF 17,376,577.68 | 14,700,000 | 5.25% | 10 Jan 2031 |
| Triodos Bank NV | 0.73584% | CHF 16,339,950.08 | 14,200,000 | 5.50% | 03 Jun 2037 |
| DVI Deutsche Vermoegens- & Immobilienverwaltungs GmbH | 0.69732% | CHF 15,484,677.51 | 13,200,000 | 4.88% | 21 Aug 2030 |
Prices and distribution
Prices
NAV Price (CHF)
CHF 89.66
CHFChange
-CHF 0.28-0.31% At closure 05 Oct 2026
NAV 52-week high
CHF 95.30
At closure 05 Oct 2026
NAV 52-week low
CHF 89.70
At closure 05 Oct 2026
NAV 52-week difference
CHF 5.60
Change
+5.87% At closure 05 Oct 2026
Historical Prices
-
Inception date
08 Feb 2022
| Date | NAV (CHF) |
|---|---|
| 05 Oct 2026 | CHF 89.6567 |
| 02 Oct 2026 | CHF 89.9380 |
| 01 Oct 2026 | CHF 89.7808 |
| 30 Sep 2026 | CHF 89.6972 |
| 29 Sep 2026 | CHF 89.7207 |
| 28 Sep 2026 | CHF 89.7247 |
| 25 Sep 2026 | CHF 90.1095 |
| 24 Sep 2026 | CHF 90.1383 |
| 23 Sep 2026 | CHF 90.5568 |
| 22 Sep 2026 | CHF 91.5033 |
Distribution history
Distribution frequency
—
Historical performance
—
All dividends are reinvested for the "Accumulation" shares.
Purchase information
Currency
Base currency:CHF
Fund codes
- Bloomberg:VAGCBIH
- Citi:VZVQ
- ISIN:IE0007RE1E54
- MEX ID:VIAAKM
- SEDOL:BP0PQN4