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Vanguard EUR Corporate 1-3 Year Bond UCITS ETF EUR AccumulatingIndex, costs, backtest, listings and taxation

ISIN: IE00BH04FZ00Ticker: VSCF (Borsa Italiana) · VGCF (Xetra) · VSCF (Euronext AMS) · VSCF (SIX)Issuer: Vanguard
Issuer-declared data
Declared index
Bloomberg Euro-Corporate 500 1-3 Year Index
TER
0.09%
Transaction costs
0.07% (issuer estimate, from the KID)
Management
Passive (index-tracking) (from the KID)
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics — inferred (issuer documents do not declare art. 8/9) what does it mean?
Fund assets
296.6 mln EUR
Domicile
Ireland
Inception date
11 March 2025
Data as declared by Vanguard in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

Vanguard EUR Corporate 1-3 Year Bond UCITS ETF EUR Accumulating tracks the issuer-declared index: Bloomberg Euro-Corporate 500 1-3 Year Index. The declared annual cost (TER) is 0.09%, plus 0.07% in transaction costs estimated by the issuer in the KID. Replication is sampled physical replication (the KID declares buying a representative sample of constituents); income is accumulated and reinvested in the fund. The fund has assets of about 297 million euro, was launched on 11 March 2025 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

The Fund employs a passive management – or indexing – investment approach, through physical acquisition of securities, and seeks to track the performance of the Bloomberg Euro Corporate 500 1-3Y Index (the “Index”). The Fund invests in a representative sample of bonds included in the Index in order to closely match the Index's capital and income return. The Index is designed to reflect the universe of Euro denominated fixedrate corporate bonds which have a par amount outstanding greater than or equal to EUR 500 million. Bonds in the Index have maturities of between one and three years and are generally investment grade. To a lesser extent, the Fund may invest in bonds outside the Index where the risk and return characteristics of such bonds closely resemble those of the constituents of the Index. The Fund attempts to remain fully invested except in extraordinary market, political or similar conditions where the Fund may temporarily depart from this investment policy to avoid losses. While the Fund is expected to track the Index as closely as possible, it typically will not match the performance of the targeted Index exactly, due to various factors such as expenses to be paid by the Fund and regulatory constraints. Details of these factors and the anticipated tracking error of the Fund are set out in the Prospectus. Information on the Fund's portfolio can be found at https://www.ie.vanguard/products. The Indicative Net Asset Value for the Fund is calculated throughout the trading day and is published on Bloomberg or Reuters. The Fund may use derivatives in order to reduce risk or cost and/or generate extra income or growth. A derivative is a financial contract whose value is based on the value of a financial asset (such as a share, bond, or currency) or a market index. ETF Shares in the Fund can be bought or sold on a daily basis (save on certain bank holidays or public holidays and subject to certain restrictions described in the Prospectus). ETF Shares are listed on one or more stock exchange(s). Subject to certain exceptions set out in the Prospectus, investors who are not Authorised Participants may only buy or sell ETF Shares through a company that is a member of a relevant stock exchange at any time when that stock exchange is open for business. A list of the days on which shares in the Fund cannot be bought or sold is available on: https://fund-docs.vanguard.com/holiday-calendar-vanguard-funds-plcETFs.pdf Income from the ETF Shares will be reinvested and reflected in the price of shares in the ETF. VF is an umbrella Fund with segregated liability between sub-funds. This means that the holdings of the Fund are maintained separately under Irish law from holdings of other sub-funds of VF and your investment in the Fund will not be affected by any claims against any other sub-fund of VF.

Keep reading the KID section ▾

Intended retail investor:The Fund is available to a wide range of investors seeking access to a portfolio managed in accordance with a specific investment objective and policy. The VF depositary is Brown Brothers Harriman Trustee Services (Ireland) Limited. You can obtain copies of the Prospectus and the latest annual and semiannual report and accounts for Vanguard Funds plc (“VF”) along with the latest published prices of shares and other practical information, from VF c/o Brown Brothers Harriman Fund Administration Services (Ireland) Limited, 30 Herbert Street, Dublin 2, D02 W329, Ireland or from our website at https://global.vanguard.com. Information on the Fund's portfolio disclosure policy and publication of the iNAV can be obtained at https://global.vanguard.com/portal/site/portal/ucits-documentation. The documents are available in English and are free of charge.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.09%: below the median of bond ETFs we track (0.15%).
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · EUR · from Mar 2025 to Sept 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+3.2%
Annualised
+2.1%
Volatility (ann.)
1.1%
Max drawdown
-1.23%
-3%-1%+2%+4%+7%Mar 2025Jul 2025Dec 2025Apr 2026Sept 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+3%Mar 2025Sept 2026
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-1%-2%-3%-4%20252026−1.23% · 27 Mar 2026
Max drawdown
-1.23%
peak → trough
Trough
27 Mar 2026
from the 27 Feb 2026 peak
Recovery time
80 days
recovery only: trough to break-even · ≈ 3 months
Underwater
108 days
decline + recovery: peak to break-even · ≈ 4 months · → recovered on 15 Jun 2026

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
27 Feb 202627 Mar 2026-1.23%15 Jun 2026108
02 Jul 202623 Jul 2026-0.46%ongoing63
23 Jul 202525 Jul 2025-0.15%13 Aug 202521
04 Dec 202510 Dec 2025-0.15%29 Dec 202525
03 Apr 202507 Apr 2025-0.13%15 Apr 202512

Calendar-year returns

2025
2.5%
2026
0.7%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20260.40.2-1.10.60.50.3-0.20.1-0.10.7
20250.50.30.30.30.10.20.40.00.12.5
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Source: Vanguard. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Risk indicators· EUR

Last yearFull history
Volatility (ann.)1.20%1.08%
Max drawdown-1.23%-1.23%
Sharpe-0.71-0.18
Sortino-1.05-0.26
Windows longer than the available price history cannot be computed and are not shown: they will appear on their own as time passes. The max drawdown is identical across windows because the deepest fall is recent (peak 27 Feb 2026 → trough 27 Mar 2026): one episode dominates every look-back period. Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.20%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR, the fund's currency; the table follows the currency selected in the chart.

Duration and maturities

Duration · average duration
1.90years

Price sensitivity to rates: the longer, the more the fund moves. What is duration →

Maturity breakdown (% of fund)
< 1 year
0.10%
1–2 years
36.90%
2–3 years
45.20%
3–4 years
8.30%
Over 5 years
9.40%

Source: factsheet Vanguard, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Credit rating

How the portfolio is spread by credit quality: from AAA (strongest) downwards. More weight in the top buckets = lower risk that an issuer fails to pay, usually with lower yields.

Rating breakdown (% of fund)
AAA
0.30%
AA
8.10%
A
45.70%
BBB
45.90%
Not rated
0.00%

Source: factsheet Vanguard, data as of 31 July 2026. Values as declared by the issuer, not computed by us; updated with the monthly document.

Ratings are those the issuer assigns to portfolio holdings under its own methodology (usually the median of S&P, Moody’s and Fitch); scale and buckets are those of the original document.

Portfolio holdings

Securities in portfolio
990
Top-10 weight
4.2%

Top 10 holdings

Anheuser-Busch InBev SA/NV · ABIBB
0.53%
Volkswagen International Finance NV · VW
0.51%
Euro · EUR
0.49%
Telefonica Emisiones SA · TELEFO
0.43%
Cie de Saint-Gobain SA · SGOFP
0.40%
Morgan Stanley · MS
0.38%
Credit Agricole SA · ACAFP
0.37%
JPMorgan Chase & Co · JPM
0.37%
Engie SA · ENGIFP
0.36%
UBS Group AG · UBS
0.34%

Countries

AfghanistanAngolaAlbaniaUnited Arab EmiratesArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 2.2%Austria: 1.7%AzerbaijanBurundiBelgium: 2.3%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazil: 0.1%BruneiBhutanBotswanaCentral African RepublicCanada: 0.8%Switzerland: 1.9%ChileChina: 0.1%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombiaCosta RicaCubaCyprusCzech Republic: 0.3%Germany: 14.3%DjiboutiDenmark: 2.6%Dominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 6.9%EstoniaEthiopiaFinland: 1.5%FijiFalkland IslandsFrance: 17.4%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreece: 1.1%GreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungary: 0.1%IndonesiaIndiaIreland: 0.7%IranIraqIcelandIsraelItaly: 5.7%JamaicaJordanJapan: 1.3%KazakhstanKenyaKyrgyzstanCambodiaSouth Korea: 0.1%KosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourg: 0.7%LatviaMoroccoMoldovaMadagascarMexico: 0.1%MacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysiaNamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlands: 4.9%Norway: 1.2%NepalNew Zealand: 0.5%OmanPakistanPanamaPeruPhilippinesPapua New GuineaPoland: 0.3%Puerto RicoNorth KoreaPortugal: 0.5%ParaguayQatarRomania: 0.1%RussiaRwandaWestern SaharaSaudi ArabiaSudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSlovenia: 0.3%Sweden: 3.5%SwazilandSyriaChadTogoThailandTajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwanUnited Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 19.6%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth Africa: 0.1%ZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States19.6%
France17.4%
Germany14.3%
United Kingdom7.3%
Spain6.9%
Italy5.7%
Netherlands4.9%
Download the full portfolio — Excel, 990 rows
Full portfolio declared by Vanguard, as of 31 July 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Italian taxation

Effective rate on capital gains
25.99%
White-list share
0.10%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00BH04FZ00VSCF(class: EUR ACCUMULATING)
  • Directazero on single buys from 2,500 €, agreement until 31 December 2026
IE00BDD48S37VSCE(class: EUR DISTRIBUTING)
  • Directazero on single buys from 2,500 €, agreement until 31 December 2026
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)VSCF13 Mar 2025
Börse DüsseldorfVGCF18 Mar 2025
Börse FrankfurtVGCF13 Mar 2025
Börse HamburgVGCF7 Oct 2025
Börse HannoverVGCF4 Sept 2025
Börse München / gettexVGCF13 Mar 2025
Börse StuttgartVGCF26 Mar 2025
Euronext AmsterdamVSCF13 Mar 2025
Tradegate ExchangeVGCF21 Mar 2025
Xetra (Deutsche Börse)VGCF13 Mar 2025
+ 8 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does Vanguard EUR Corporate 1-3 Year Bond UCITS ETF EUR Accumulating track?
The issuer Vanguard declares the benchmark: Bloomberg Euro-Corporate 500 1-3 Year Index.
How much does VSCF cost?
The issuer-declared TER is 0.09% per year; the transaction costs estimated in the KID are 0.07%.
How is VSCF taxed in Italy?
On sale, the capital gain is taxed at an effective 25.99% rate (white-list share 0.10%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of VSCF?
The fund size declared by Vanguard is about 297 million euro.
When was VSCF launched?
The fund was launched on 11 March 2025: it has 1 year of history.
How does VSCF replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (sampled) (issuer wording: “Fisica - campionamento (dal KID)”).
Does VSCF pay dividends?
No: it is an accumulating share class — income stays in the fund and is reinvested automatically (issuer wording: “Accumulating Income”).
Where does VSCF trade?
Per the official ESMA register it trades on 10 main exchanges, including Borsa Italiana (ETFplus) (VSCF), Börse Düsseldorf (VGCF), Börse Frankfurt (VGCF), Börse Hamburg (VGCF), Börse Hannover (VGCF), Börse München / gettex (VGCF).
What was VSCF's worst fall?
Over the available history (since 2025), the maximum drawdown was -1.23%, reached in March 2026. Past performance is not indicative of future results.
How many securities does VSCF hold?
The declared portfolio holds 990 securities; the top 10 positions weigh 4.2%.
Transparency note
The data in this sheet is declared by Vanguard in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.