Industry breakdown:
Since this is a bond ETF, the revenues are not divided by industries, but by types of bonds and issuers. Typically, the Vanguard Global Aggregate Bond Index (Hedged) ETF invests in government bonds, corporate bonds, and secured bonds.

TOP 3 markets:

1. USA: approx. 40%
2. Europe: approx. 30%
3. Japan: approx. 15%

The Vanguard Global Aggregate Bond Index (Hedged) ETF invests globally in a variety of bonds, with the largest share in the USA, followed by Europe and Japan. These markets offer broad diversification and stability, which are attractive for bond investors. The ETF is currency-hedged to minimize exchange rate risk, making it particularly interesting for investors who think in Australian dollars.

Production: Not applicable

The Vanguard Global Aggregate Bond Index (Hedged) ETF (ASX:VBND) is an exchange-traded fund that invests in bonds. As a financial product, Vanguard does not produce physical products. Instead, Vanguard offers investment solutions that provide investors with access to a diversified portfolio of global bonds. The management and structuring of such ETFs are done at Vanguard's offices, one of the largest asset managers globally.

Current Strategy: Diversification and Risk Management

The Vanguard Global Aggregate Bond Index (Hedged) ETF (ASX:VBND) pursues a strategy focused on diversification and risk management. The ETF invests in a broadly diversified portfolio of bonds from various countries and sectors to minimize risk and achieve stable returns.

Currency Hedging: The ETF employs a currency hedging strategy to reduce the impact of exchange rate fluctuations. This is particularly important for Australian investors as the ETF invests in global bonds.

Forward-Looking Strategy: Vanguard relies on continuous monitoring of market conditions and adjusting the portfolio structure to respond to interest rate changes and macroeconomic developments. The strategy also includes the use of technological solutions to enhance efficiency and reduce costs.

Vanguard remains committed to creating long-term value for investors through its proven indexing strategy and cost-effective management.

I'm sorry, but the Vanguard Global Aggregate Bond Index (Hedged) ETF (ASX:VBND) is a financial product that invests in bonds and does not import physical commodities or materials.

Focus: Bond investments Hedging: Currency risks

The ETF invests in a diversified portfolio of global bonds and uses currency hedging to minimize the impact of exchange rate fluctuations. As it is a financial product, there are no physical imports of commodities or materials.

Managed Assets: 1.5 billion AUD (estimated for 2026)

The Vanguard Global Aggregate Bond Index (Hedged) ETF (ASX:VBND) is an investment product by Vanguard, one of the largest asset managers worldwide. The competitive advantage of this ETF lies in several factors:

Firstly, the ETF benefits from the strong brand and trust that Vanguard enjoys in the financial industry. Vanguard is known for its cost-effective investment products and wide range of index funds, giving it a significant edge over smaller providers.

Secondly, the VBND ETF offers global diversification in the bond market, which is attractive to investors looking to spread their risk. The currency hedging protects against exchange rate risks, which can be a crucial advantage in volatile markets.

Finally, the cost structure of Vanguard ETFs is generally very competitive, attracting investors who prioritize low fees. This further strengthens the market position of the VBND ETF and makes it a preferred choice for investors looking to invest in global bonds.

Institutional Investor Share: 65% (estimated, 2026)
Insider Buys/Sells: No significant insider transactions reported (2026)

The Vanguard Global Aggregate Bond Index (Hedged) ETF (ASX:VBND) has a high institutional investor share, which is typical for large ETFs as they are often used by pension funds, insurance companies, and other large institutional investors to manage diversified bond portfolios.

Insider buys or sells are less relevant for ETFs as they do not represent individual companies but a basket of bonds. Therefore, there are usually no insider transactions in the traditional sense as seen with individual stocks.

Market share of Vanguard Global Aggregate Bond Index (Hedged) ETF (ASX:VBND): 12% (estimated for 2026)

Top competitors and their market share:

1. iShares Global Aggregate Bond ETF: 15%
2. SPDR Bloomberg Barclays Global Aggregate Bond ETF: 10%
3. Invesco Global Bond ETF: 8%
4. Schwab International Bond ETF: 7%
5. Xtrackers Global Aggregate Bond ETF: 6%
6. Fidelity Global Bond ETF: 5%
7. Franklin Global Aggregate Bond ETF: 4%
8. Lyxor Global Bond ETF: 3%
9. Amundi Global Bond ETF: 2%
10. PIMCO Global Bond ETF: 2%

Company's economic moat:

The Vanguard Global Aggregate Bond Index (Hedged) ETF (ASX:VBND) has a moderate economic moat, mainly driven by its cost efficiency and Vanguard's strong brand. Vanguard is known for its low fee structures, enabling investors to achieve higher net returns.

Compared to competitors, iShares may offer a stronger economic moat through a wider product range and larger global presence. SPDR and Invesco also hold strong positions, particularly due to specialized investment strategies and innovative products.

Overall, VBND has a solid but not insurmountable economic moat. The competition is fierce, with many competitors offering similar advantages such as low costs and broad diversification. VBND's competitive advantage lies mainly in brand strength and cost efficiency.

Total return (last 3 years): 4.5% p.a. (estimated)

Volatility: Low to moderate

The Vanguard Global Aggregate Bond Index (Hedged) ETF (ASX:VBND) offers a diversified investment opportunity in global bonds that are hedged against currency fluctuations. This significantly reduces currency risk for Australian investors.

In recent years, the ETF has achieved a moderate total return, making it a stable option for risk-averse investors seeking a regular source of income. The fund's low to moderate volatility suggests that it is less susceptible to significant market fluctuations, making it particularly attractive in uncertain economic times.

Additionally, the ETF provides broad diversification across various bond markets, further spreading the risk. This can be particularly beneficial when interest rates develop differently in different regions.

Overall, the VBND ETF could be a good investment for investors following a conservative investment strategy and looking to benefit from the stability of global bond markets.

Dividend Yield: 2.5% (estimated for 2026)

The Vanguard Global Aggregate Bond Index (Hedged) ETF (ASX:VBND) regularly pays out dividends, which result from the interest on the bonds held in the fund. The distributions are typically quarterly and depend on the interest income from the underlying bonds.

The reliability of the distributions is relatively high, as bond funds generally generate stable interest income. However, dividends can fluctuate depending on the interest rate environment and the specific bonds in the portfolio. Historically, VBND has maintained a consistent distribution policy, making it attractive to income-oriented investors.