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) $133,872.0
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
95.4
Convertible 0.0
0.0
Preferred 0.0
0.0
Other 0.0
0.0
Cash 71.4
73.1
As of 11/30/2025
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 November 30, 2025
VTILX
Bloomberg US Agg Bond TR USD

Fund Statistics

6.9 years
Average Duration
4.9%
Average Yield
to Maturity
2.6%
Average Coupon
As of 11/30/2025

Morningstar Style BoxTM— Fixed-Income

Medium Quality
Moderate Interest-Rate Sensitivity
As of 11/30/25

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) $133,872.0
Dividend Distribution Frequency Monthly
Minimum Investment $5,000,000
Capital Gains Distribution Frequency --
Turnover 25%
Fiscal Year-End Oct
Prospectus Date Feb 28, 2025

Returns

Month-End Returns as of 11/30/25

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 9/30/25

Yield

12-Month Distribution Rates (NAV)
4.54%
30-Day SEC Yield (Gross | Net) 2.98% | 2.98%
As of 11/30/2025

Portfolio Management

Read important investment disclosures
Years of Experience With Fund
Joshua Barrickman 4 yrs
Tara Talone 3 yrs
As of 11/30/2025

Ratings & Risk

Morningstar Rating TM


Overall Morningstar RatingTM
Funds rated(98)
3-yr. Morningstar RatingTM
(98 funds rated)
5-yr. Morningstar RatingTM
(-- 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 11/30/2025.

Risk Measures

Fund
Standard Deviation
4.53
Sharpe Ratio
-0.14
R-squared
69
Beta
0.62
Capture Ratio (Downside/Upside)
50/68
American Funds and Morningstar Benchmark for the 3 Years Years ending 11/30/25 R-squared, Beta and Capture Ratio calculated using the Bloomberg US Agg Bond TR USD.

Maturity

1 To 3 Years
21.3%
3 To 5 Years
20.1%
5 To 7 Years
14.6%
7 To 10 Years
17.9%
10 To 15 Years
9.1%
15 To 20 Years
6.3%
20 To 30 Years
8.6%
Over 30 Years
2.1%
Percentage of net assets as of 11/30/2025

Quality Summary

AAA
24.6%
AA
18.5%
A
35.7%
BBB
18.4%
BB
0.0%
B
0.0%
Below B
0.0%
Not Rated
2.9%
Percentage of net assets as of 10/31/2025

Holdings

Bonds Breakdown

Bond Details

Total bond holdings
Cash & Equivalents 1.0%
Municipal 0.0%

Percentage of net assets as of 11/30/2025

Top 10 Holdings

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

Percentage of net assets as of 11/30/2025

Geographic Breakdown

Top Countries
France
12.0%
Japan
11.2%
Germany
10.1%
United Kingdom
8.2%
Italy
7.8%
Canada
7.0%
Spain
5.6%
Supranational
5.1%
Australia
3.5%
United States
3.0%

Percentage of net assets as of 11/30/2025

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 0.94%
Fund as of most recent prospectus. Morningstar Category as of 11/30/25.