Vanguard today announced the launch of the Vanguard Global Short Term Core Bond Fund. The fund is the latest in the continued expansion of Vanguard’s active fixed income offering, following the launch of the Vanguard Global Core Bond Fund and Vanguard Global Strategic Bond Fund in 2025.
Together, the funds provide core exposures to complement Vanguard’s long-standing, top-performing active fixed income funds, the Vanguard Global Credit Bond Fund and the Vanguard Emerging Markets Bond Fund.
The Vanguard Global Short-Term Core Bond Fund is domiciled in Ireland and will be co-managed by Ales Koutny, Head of International Rates, and Sarang Kulkarni, lead portfolio manager for Vanguard’s Global Credit and pan-European corporate strategies.
The fund offers investors high quality access to a globally diversified mix of investment grade, government, corporate and emerging market short-term debt, and structured short-term fixed income securities. The fund aims to provide balance and diversification, while reducing interest rate risk through its focus on short-term duration.
The following general share classes will be available at launch, and carry the below charges figures (OCF):
| Product | Benchmark | Share classes (Hedged) | OCF |
| Vanguard Global Short-Term Core Bond Fund | Bloomberg Global Aggregate 1-5Y Index | GBP, USD, EUR, CHF | 0.25% |
“Investors don’t want surprises from their fixed income funds. If you keep duration short, you tend to get fewer surprises. This is a fund built to do what you’d expect from Vanguard; provide high-quality, diversified exposure, managed sensibly at a low cost.”
Ales Koutny, Head of International Rates
“The strength of our team is that we can be truly global in approach. We can look across different geographies and sectors to put together a portfolio that doesn’t rely on a handful of big ideas to deliver returns.”
Sarang Kulkarni, co-portfolio manager
Vanguard’s Fixed Income Leadership
Vanguard is the world’s second-largest asset manager, overseeing USD $13.3 trillion in assets globally as of 31 May 2026. Vanguard’s Fixed Income Group, led by Sara Devereux, manages over $3 trillion globally, leveraging deep expertise to generate alpha, deliver prudent risk management, and competitive performance.
