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Last close · CAD ·
CA$20.54
A U.S. bond fund, hedged to Canadian dollars.
Interest-rate-sensitive bond exposure.The fund keeps a rolling mix of bonds instead of winding down to one maturity date. It tracks the Bloomberg U.S. Aggregate Float Adjusted Bond Index (CAD-hedged).
Holdings →What can affect the returnCurrency: the fund hedged its foreign-currency exposure back to Canadian dollars, which aims to reduce exchange-rate effects and can add hedging costs.
Performance →The cost to manage itThe reported annual management fee is 0.20%. This is not the total management expense ratio (MER).
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Interest-rate-sensitive bond exposure. The fund keeps a rolling mix of bonds instead of winding down to one maturity date. It tracks the Bloomberg U.S. Aggregate Float Adjusted Bond Index (CAD-hedged).
| Fee | 0.20% per year | facts ↓ |
| Currency | CAD-hedged | facts ↓ |
| How it's built | One-ticket (CA ETFs) | holdings ↓ |
Bond analytics data is not yet available for this ETF.
From the fund's own published holdings. As of 2026-08-31.
Because the underlying funds are Canadian-listed, there is no extra US-listing layer; foreign tax on the underlying stocks is still withheld at the fund level and is not recoverable in a TFSA or RRSP.
Current duration and yield comparisons are unavailable because the portfolio date is missing or stale.
Cash payments, tax character and total return use different measures. Each section states its period and basis.
About 3.8% recurring income, but over the last 3 years capital fell 1%/yr.
For bond funds, the useful comparison is the recent cash payout beside the portfolio's yield to maturity. These are portfolio facts, not a forecast of future distributions. Duration, credit quality, and sector mix are in the holdings detail.
Paid from interest income. 100% of the latest taxable distribution (2025 T3) was recurring income (interest and dividends).
Portfolio yield and composition detail are not available in the current dataset.
| Ticker | VBU.NE |
| Exchange | Cboe Canada |
| Currency | CAD |
| FX strategy | CAD-hedged |
| Asset class | Fixed Income |
| Structure | One-ticket (CA ETFs) |
| Theme | Aggregate Bonds |
| Geography | United States |
| Index tracked | Bloomberg U.S. Aggregate Float Adjusted Bond Index (CAD-hedged) |
| Provider | Vanguard Canada |
| MER | Not available |
| Management fee | 0.20% |
Prices as of 2026-09-18. Distributions as of 2026-09-18. Tax character year 2025.
Recurring yield applies the latest annual tax-character split to trailing cash yield. Recurring income excludes capital gains and return of capital. Tax character includes reinvested amounts and reports foreign income before foreign tax is withheld; cash charts exclude both.
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Browse Canadian ETFs →How it's taxed
The CRA taxes each distribution dollar by its character. These shares are measured against the full taxable distribution, including any portion the fund reinvested as units rather than paying in cash.
Share of the distribution, %
| Character (2025) | % of taxable | $ / unit |
|---|---|---|
| Foreign income | 100.0% | $0.7703 |
| Return of capital | <0.1% | $0.0004 |
Foreign withholding tax already taken inside the fund: $0.0132 per unit. In a non-registered account, foreign tax reported on the T3 may be claimable as a foreign tax credit, subject to T2209 limits. TFSA and RRSP accounts do not claim that T3 credit.
Based on Vanguard Canada's 2025 T3 / tax-factor filing. Character can vary year to year. This is not tax advice; consult a tax professional about your situation.
What you keep, in your account
Each figure below starts from the headline yield of 3.8% and shows an estimate of what you keep after tax. Where you hold the fund changes the answer: a TFSA shelters Canadian tax and can still lose foreign withholding tax when the fund has foreign withholding, a non-registered account taxes each character at its own rate, and an RRSP defers tax until you withdraw.
No Canadian tax inside a TFSA. Foreign withholding tax, if the fund holds foreign stocks, is still lost and cannot be recovered.
Illustrative, not tax advice.