Vanguard Total International Bond II Index Fund

C000217898 Fund Overview

Vanguard Total International Bond II Index Fund is a US mutual fund managed by Vanguard Charlotte Funds, categorised as Intermediate Total / Aggregate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.

• Type: US mutual fund
• Manager: Vanguard Charlotte Funds
• Category: Intermediate Total / Aggregate Bond
• Assets under management: $148.74B
• 1-year return: -1.4%
• SEC CIK: 0001532203
• SEC series ID: S000067956
• Share class ID: C000217898

C000217898 Investment Objective and Strategy

Vanguard Total International Bond II Index Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Vanguard Charlotte Funds.

Investment objective

Vanguard Total International Bond II Index Fund (the Fund) seeks to track the performance of a benchmark index that measures the investment return of non-U.S. dollar-denominated investment-grade bonds.

Principal investment strategy

The Fund employs an indexing investment approach designed to track the performance of the Bloomberg Global Aggregate ex-USD Float Adjusted RIC Capped Index (USD Hedged) (the Target Index), a market value-weighted index that provides a broad-based measure of the global, investment-grade, fixed-rate bond markets. The Target Index includes government, government agency, corporate, and securitized investment-grade bonds of issuers located in developed and emerging markets, all issued in currencies other than the U.S. dollar and with maturities of more than one year. The Target Index is capped to comply with investment company diversification standards of the Internal Revenue Code, but is not designed to satisfy the diversification requirements of the Investment Company Act of 1940. Under normal circumstances, the Fund invests at least 80% of its net assets, plus the amount of any borrowings for investment purposes, in the bonds that make up the Target Index.

The Fund invests by sampling the Target Index, meaning that it holds a range of securities that, in the aggregate, approximates the full Target Index in terms of key risk factors and other characteristics. The Fund maintains a dollar-weighted average maturity consistent with that of the Target Index. As of October 31, 2025, the dollar-weighted average maturity of the Target Index was 8.6 years. To correlate to the returns of the Target Index (which is U.S.-dollar hedged) and to minimize the currency risk associated with investing in bonds denominated in currencies other than the U.S. dollar, the Fund seeks to hedge its foreign currency exposure. The Fund hedges its foreign currency exposure primarily through the use of foreign currency exchange forward contracts, which are a type of derivative.

The Fund may become nondiversified, as defined under the Investment Company Act of 1940, solely as a result of tracking an index. This could occur due to events such as an index rebalance or market movement. A nondiversified fund may invest a greater percentage of its assets in the securities of particular issuers as compared with diversified funds.

C000217898 Holdings

Top 10 holdings of Vanguard Total International Bond II Index Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.

View all C000217898 holdings

C000217898 Portfolio Allocation

Asset-class allocation of Vanguard Total International Bond II Index Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000217898 Performance

Total returns for C000217898 (as of 2026-10-01), from SEC filings.

C000217898 Risk Information

Risk metrics for C000217898, derived from monthly returns in SEC filings.

• 1-year volatility (annualised): 2.9%

C000217898 Costs and Fees

C000217898 costs about $11 per $10,000 invested per year in fund expenses.

• Net expense ratio: 0.11%
• Gross expense ratio: 0.11%
• Portfolio turnover: 25%
• Brokerage commissions: 0.00 bps of average net assets (SEC N-CEN)

C000217898 Cashflows

Over the 12 months to 2026-07, Vanguard Total International Bond II Index Fund had net inflows of $26.27B, from monthly SEC N-PORT filings.

C000217898 Debt Constituents

Largest debt holdings of Vanguard Total International Bond II Index Fund by percentage of net assets, from the latest SEC N-PORT filing.

C000217898 Prospectus and SEC Filings

Official Vanguard Total International Bond II Index Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.

• Prospectus (485BPOS) — filed 2026-02-27
• Prospectus (485BPOS) — filed 2025-02-28
• Prospectus supplement (497) — filed 2026-02-02
• Portfolio holdings (N-PORT) — filed 2026-09-28
• Portfolio holdings (N-PORT) — filed 2026-06-26
• Portfolio holdings (N-PORT) — filed 2026-03-31
• Annual census (N-CEN) — filed 2026-01-12
• Annual census (N-CEN) — filed 2025-01-13

Related Funds

Other Intermediate Total / Aggregate Bond funds tracked on ABC INVEST:

• Vanguard Total Bond Market Index Fund (VBMFX)
• Vanguard Total Bond Market II Index Fund (VTBIX)
• iShares Core U.S. Aggregate Bond ETF (AGG)
• Vanguard Total International Bond Index Fund (VTIBX)
• iShares Core Total USD Bond Market ETF (IUSB)

Data Sources

ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.