Global Bond-USD Hedged

Summary

The investment seeks to track the performance of Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged) that measures the investment return of non-U.S. dollar-denominated investment-grade bonds.
Fund Assets (millions) $148,133.9
Portfolio Managers 2
Fund Inception Feb 17, 2021
Gross Expense Ratio 0.07%
Fund Family Vanguard
Prospectus (PDF)

Returns at NAV

Returns at MOP

Asset Mix

Short % 0% Long %
U.S. Stocks 0.0
0.0
Non-U.S. Stocks 0.0
0.0
U.S. Bonds 0.0
2.9
Non-U.S. Bonds 0.0
94.4
Convertible 0.0
0.0
Preferred 0.0
0.0
Other 0.0
0.0
Cash 66.1
68.8
As of 2/28/2026
Read important information about results and other investment disclosures
This chart tracks a hypothetical investment, with dividends reinvested, shown from the share class inception date through February 28, 2026
VTILX
Bloomberg US Agg Bond TR USD

Fund Statistics

6.8 years
Average Duration
4.6%
Average Yield
to Maturity
2.7%
Average Coupon
As of 2/28/2026

Morningstar Style BoxTM— Fixed-Income

Medium Quality
Moderate Interest-Rate Sensitivity
As of 2/28/26

Investment Strategy

The fund employs an indexing investment approach designed to track the performance of the index. This index provides a broad-based measure of the global, investment-grade, fixed-rate debt markets. All of its investments will be selected through the sampling process and, normally, at least 80% of the fund's assets will be invested in bonds included in the index. It is non-diversified.

Fund Facts

Fund Inception Feb 17, 2021
Fund Assets (Millions) $148,133.9
Dividend Distribution Frequency Monthly
Minimum Investment $5,000,000
Capital Gains Distribution Frequency --
Turnover 25%
Fiscal Year-End Oct
Prospectus Date Feb 27, 2026

Returns

Month-End Returns as of 2/28/26

Returns at NAV
| at MOP
Read important information about results and other investment disclosures
VTILX
Bloomberg US Agg Bond TR USD
ANNUAL RETURNS CHART

Quarter-End Returns as of 12/31/25

Yield

12-Month Distribution Rates (NAV)
4.02%
30-Day SEC Yield (Gross | Net) 3.02% | 3.02%
As of 2/28/2026

Portfolio Management

Read important investment disclosures
Years of Experience With Fund
Joshua Barrickman 5 yrs
Tara Talone 3 yrs
As of 2/28/2026

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(101)
3-yr. Morningstar RatingTM
(101 funds rated)
5-yr. Morningstar RatingTM
(98 funds rated)
10-yr. Morningstar RatingTM
(-- funds rated) 		--
Overall Morningstar Risk Average
HIGH
LOW
Morningstar Category
Global Bond-USD Hedged
ADVANTAGES AND DISADVANTAGES OF MORNINGSTAR RATINGS
Ratings are based on risk-adjusted returns as of 2/28/2026.

Risk Measures

Fund
Standard Deviation
5.18
Sharpe Ratio
-0.54
R-squared
73
Beta
0.69
Capture Ratio (Downside/Upside)
68/72
American Funds and Morningstar Benchmark for the 5 Years Years ending 2/28/26 R-squared, Beta and Capture Ratio calculated using the Bloomberg US Agg Bond TR USD.

Maturity

1 To 3 Years
21.1%
3 To 5 Years
20.0%
5 To 7 Years
14.6%
7 To 10 Years
18.2%
10 To 15 Years
9.0%
15 To 20 Years
6.3%
20 To 30 Years
8.8%
Over 30 Years
2.1%
Percentage of net assets as of 2/28/2026

Quality Summary

AAA
24.4%
AA
18.2%
A
35.3%
BBB
18.4%
BB
0.0%
B
0.0%
Below B
0.0%
Not Rated
3.7%
Percentage of net assets as of 2/28/2026

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
Cash & Equivalents 1.6%
Municipal 0.0%

Percentage of net assets as of 2/28/2026

Top 10 Holdings

France (Republic Of)
0.5%
United Kingdom of Great Britain and Northern I ...
0.4%
United Kingdom of Great Britain and Northern I ...
0.4%
France (Republic Of)
0.3%
Germany (Federal Republic Of)
0.3%
France (Republic Of)
0.3%
Germany (Federal Republic Of)
0.3%
France (Republic Of)
0.3%
United Kingdom of Great Britain and Northern I ...
0.3%
France (Republic Of)
0.3%

Percentage of net assets as of 2/28/2026

Geographic Breakdown

Top Countries
France
12.3%
Japan
11.0%
Germany
9.9%
United Kingdom
8.2%
Italy
7.8%
Canada
7.1%
Spain
5.7%
Supranational
5.1%
Australia
3.7%
United States
3.0%

Percentage of net assets as of 2/28/2026

Fees & Expenses

Fees

Annual Management Fees 0.06%
Service 12b-1 --
Maximum Sales Charge --
As of each fund's most recent prospectus.

Expense Ratio

Gross
VTILX 0.07%
Morningstar Category: Global Bond-USD Hedged 0.90%
Fund as of most recent prospectus. Morningstar Category as of 2/28/26.