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VDCE ETF · Vanguard USD Corporate Bond UCITS ETF
The VDCE Exchange Traded Fund (ETF) is provided by Vanguard. It is built to track an index: Bloomberg Global Aggregate Corporate - United States Dollar Index. The VDCE ETF provides physical exposure, so by buying it you actually own parts of all the 9,625 underlying holdings. The dividend policy is capitalization.
Share class
Acc
EUR
Hedged
Real-time data unavailable for VDCE
LIVE
CLOSED
This fund is part ofUSD Corp IG Bonds1M perf.-1.93%
Last price
N/A
1M perf.
-2.23%
1M flows
-€455M
AuM
€481M
E/R
0.12%
Rating
ESG Consensus®
VDCE
N/A
Performance & flows
Segment for quartile rank
December 15, 2025 → March 13, 2026
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VDCE
€55.20
-0.90%
USD Corp IG Bonds
-0.43%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -2.23%  | -0.90% | +2.71%  | +9.50% | -6.00% | -2.37% | -1.16% | -1.16% | |
| Flows |
Key fund info
Segment for quartile rank
Main characteristics
More details
NAV
3/13/2026
€55.19
1D NAV change
-0.26%
Dividend policy
Replication method
Direct (Physical)
Replication model
Optimized sampling
No. of holdings
9625
Inception date
8/31/2020
Jurisdiction
Ireland
Distribution
Italy (Qualified Investor)
Austria
Denmark
Finland
France
Legal structure
Open-end Investment Company
Base currency
EUR
Classification
Product type
Asset class
Factors
N/A
Share class info
EUR capitalizing hedged
Total AuM of fund
€3.87B
Decimalisation of shares
No
Investment strategy
The Vanguard USD Corporate Bond UCITS ETF seeks to track the performance of the Index, a widely recognised benchmark designed to reflect the total universe of publically-traded, fixed-coupon, US Dollar-denominated investment grade corporate bonds with maturities greater than one year and which have a minimum issue size of US$250 million.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -0.90% | +2.71% | +9.50% | -6.00% |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
1
2
3
4
5
6
7
PRIIPS
1
2
3
4
5
6
7
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Enterprise
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Countries
USA
81.21%
United Kingdom
3.65%
Canada
2.09%
Japan
1.79%
France
1.38%
Australia
1.11%
Unavailable
0.36%
Other
8.39%
Sectors
Banks
17.13%
Power
7.36%
Insurance and reinsurance
5.66%
Pharmaceutical preparation and biotechnology
4.30%
Communication services
3.62%
Food and beverage production
3.14%
Pipelines
2.85%
Financial markets
2.83%
Unavailable
16.46%
Other
36.65%
Diversification
Total weight of top 15 holdings out of 9625
Top 15 holdings
Data as of January 31, 2026
USA, Notes 3.5% 31jan2028, USD (U-2028)
Wells Fargo, 5.707% 22apr2028, USD (W)
Anheuser-Busch, 4.9% 1feb2046, USD
US46647PFD33
US912810UM89
Anheuser-Busch, 4.7% 1feb2036, USD
T-Mobile USA, 3.75% 15apr2027, USD
CVS Health, 5.05% 25mar2048, USD
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US30303M8X35
US30303MAD48
Bank of America Corporation, 3.419% 20dec2028, USD
Wells Fargo, 5.574% 25jul2029, USD (W)
US30303MAE21
AbbVie, 3.2% 21nov2029, USD
T-Mobile USA, 3.875% 15apr2030, USD
Create a free account to view top holdings
Built for professionals: access exclusive exposure metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
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Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
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Trackinsight replication rating:
Replication quality
Calculated over 12m, as of February 27, 2026
Tracking error
Tracking difference
Replication information
Index
Bloomberg Global Aggregate Corporate – United States Dollar GTR Index - EUR Hedged
Index ticker
H09913EU Index
Index dividend policy
GTR
Replication method
Replication model
Built for professionals: access exclusive replication metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Vanguard
Vanguard ID Card
Number of funds
279
Total AuM
€3.81T
Expense ratio range
0.03% - 0.48%
Average expense ratio
0.1363%
Top 5 funds by Vanguard
| AuM | ||
|---|---|---|
VOO | Vanguard S&P 500 ETF | €752.24B |
VTI | Vanguard Total Stock Market ETF | €496.61B |
VEA | Vanguard FTSE Developed Markets ETF | €178.17B |
VUG | Vanguard Growth ETF | €167.89B |
VTV | Vanguard Value ETF | €145.71B |
Frequently asked questions about VDCE
What does Vanguard USD Corporate Bond UCITS ETF, VDCE, invest in?
VDCE is a Passive ETF. This ETF provides exposure to Global Investment Grade Corporate Bonds.
Which benchmark or index does VDCE replicate?
VDCE tracks the Bloomberg Global Aggregate Corporate – United States Dollar GTR Index - EUR Hedged, through a optimized sampling replication method.
What is the Total Expense ratio (TER) of VDCE?
VDCE carries a total expense ratio (TER) of 0.12%, indicating the annual cost for holding the fund.
When was VDCE launched?
VDCE was introduced to the market on August 31, 2020. It trades on Italy (Qualified Investor), among other exchanges
Who is the ETF issuer of VDCE?
Vanguard USD Corporate Bond UCITS ETF, VDCE, is provided by Vanguard. Learn more about Vanguard here.
Does VDCE have multiple share classes?
Yes, VDCE is available in multiple share classes, which may differ by distribution policy (e.g., accumulating vs. distributing), currency or hedging. Explore the different share classes .
What is the current assets under management (AUM) of VDCE?
VDCE oversees €481M in assets as of March 13, 2026.
How has VDCE performed lately?
Based on data from March 13, 2026, VDCE returned -2.23% over the past month, -0.90% over the last three months and -1.16% year-to-date.
What are the latest inflows or outflows for VDCE?
As of March 13, 2026, VDCE recorded net flows of -€455M over the last month and -€449M year-to-date.
Does VDCE distribute dividends?
VDCE follows a capitalizing, meaning it reinvests income within the fund.
What are the main country or region exposures of VDCE?
As of January 31, 2026, VDCE has significant geographic allocations in USA, United Kingdom and Canada.
In which sector or theme does VDCE invest in?
As of January 31, 2026, VDCE focuses largely on Banks, Power and Insurance and reinsurance.
How many securities does VDCE hold and how diversified is it?
As of January 31, 2026, VDCE holds 9625 positions in its portfolio, with 1.33% of assets concentrated in its top 15 holdings.
What are the main positions in VDCE?
As of January 31, 2026, VDCE top three holdings include USA, Notes 3.5% 31jan2028, USD (U-2028), Wells Fargo, 5.707% 22apr2028, USD (W) and Anheuser-Busch, 4.9% 1feb2046, USD.
What is the base currency of VDCE?
The base currency of VDCE is EUR.
Is VDCE currency-hedged?
VDCE is hedged, meaning it seeks to minimize the impact of currency fluctuations between its base currency and the currency of the underlying assets.
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