# Vanguard ESG Global Corporate Bond UCITS ETF AccumHedged USD (V3GU)

**Page:** https://fundology.uk/fund/v3gu · ISIN IE00BNDS1W07

## At a glance

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 13/11/2026, V3GU (Vanguard ESG Global Corporate Bond UCITS ETF AccumHedged USD, ISIN IE00BNDS1W07) closed at $5.23 on the London Stock Exchange. Its ongoing charge is 0.15% a year (about £15 on £10,000). Over the five years to 13/11/2026 its total return was +7.4%, or −16.1% after UK CPIH inflation.

## Summary

Vanguard ESG Global Corporate Bond UCITS ETF AccumHedged USD is an exchange-traded fund (ETF) from Vanguard, launched in 2021. It tracks the Bloomberg MSCI Global Corporate Float-Adjusted Liquid Bond Screened Index - USD - Benchmark TR Gross Hedged. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.15% a year — about £15 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged to US dollars, not to the pound: it aims to remove most of the effect of exchange-rate moves against US dollars, so a holder who counts in pounds still has currency risk.

Latest close: **$5.23** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | V3GU |
| ISIN | IE00BNDS1W07 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | Vanguard |
| Tracks | Bloomberg MSCI Global Corporate Float-Adjusted Liquid Bond Screened Index - USD - Benchmark TR Gross Hedged |
| Income | Accumulating |
| Ongoing charge | 0.15% a year (£15 per £10,000) |
| Fund size | £10.3m |
| Launched | 2021 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 20/05/2021 |

## Past returns (periods to 13/11/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after UK CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -0.47% | -4.00% | income reinvested |
| 3 years | +8.35% | -2.11% | income reinvested |
| 5 years | +7.44% | -16.14% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Vanguard ESG Global Corporate Bond UCITS ETF AccumHedged USD in pounds (price, with income reinvested in the fund): 2022 −2.8%, 2023 +2.7%, 2024 +6.1%, 2025 −1.8%; 2026 to 13/11/2026 +0.9%. Returns of Vanguard ESG Global Corporate Bond UCITS ETF AccumHedged USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −0.3%; to 30/09/2025: +4.1%; to 30/09/2024: +3.2%; to 30/09/2023: −6.0%; to 30/09/2022: +2.9%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -2.8% | -11.0% | Price |
| 2023 | +2.7% | -1.4% | Price |
| 2024 | +6.1% | +2.5% | Price |
| 2025 | -1.8% | -5.2% | Price |
| 2026 to 13/11/2026 | +0.9% | -2.4% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.74% | -4.61% |
| 3 years | 6.46% | -8.15% |
| 5 years | 7.29% | -11.04% |

## Largest fall

Volatility of Vanguard ESG Global Corporate Bond UCITS ETF AccumHedged USD in pounds, annualised from weekly returns to 13/11/2026: 5.7% over 1 year, 6.5% over 3 years, 7.3% over 5 years. Largest fall in the price of Vanguard ESG Global Corporate Bond UCITS ETF AccumHedged USD since November 2021, in pounds: −11.0% from 23/09/2022 to 14/07/2023. The lowest 12-month return of Vanguard ESG Global Corporate Bond UCITS ETF AccumHedged USD in pounds (price, with income reinvested in the fund) since May 2021 was −9.4% (12 months to 14/07/2023); the highest was +9.1% (12 months to 17/01/2025). On 13/11/2026 the price of Vanguard ESG Global Corporate Bond UCITS ETF AccumHedged USD was 2.6% below its highest weekly close since November 2021 (17/01/2025), in pounds.

## Charges compared with similar funds

Ongoing charge of Vanguard ESG Global Corporate Bond UCITS ETF AccumHedged USD 0.15% a year. Compared on 14/11/2026, 304 of the 427 other corporate and other bond funds charge more, 27 the same and 96 less (share classes counted once).

## Funds tracking the same index

2 funds track Bloomberg MSCI Global Corporate Float-Adjusted Liquid Bond Screened Index - USD - Benchmark TR Gross Hedged, this one included and share classes counted once; their ongoing charges range from 0.15% to 0.15% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Vanguard ESG Global Corporate Bond UCITS ETF AccumHedged USD (this fund) | 0.15% | -0.5% | +8.4% | +7.4% |
| Vanguard ESG Global Corporate Bond UCITS ETF Hedged USD | 0.15% | -0.5% | — | +3.8% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.15%** per year (as of 13/11/2026)
- Stocks and shares ISA eligible: usually (check with your platform)
- SIPP eligible: usually (check with your provider)
- ISA and SIPP mean the kind of product usually qualifies under HMRC rules. We do not check each platform’s list — each provider decides which funds it offers. Crypto ETNs have not qualified for a stocks and shares ISA since 06/04/2026, and overseas funds that are not UK-recognised UCITS, such as Swiss ETFs, do not usually qualify.

## What it holds

As of 31/10/2026, V3GU holds 5,271 positions, according to its published holdings. The largest is Cash and cash equivalents at 0.64% of the fund; the ten largest make up 1.8%.

### Top holdings

Largest positions (as of 31/10/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Cash and cash equivalents | — | 0.64% |
| 2 | Bank of America Corp 5.015% 22/07/2033 | — | 0.16% |
| 3 | Eaton Corp 4.50% 06/03/2033 | — | 0.14% |
| 4 | Truist Financial Corp 7.161% 30/10/2029 | — | 0.13% |
| 5 | Wells Fargo & Co 5.15% 23/04/2031 | — | 0.13% |
| 6 | Bank of America Corp 3.419% 20/12/2028 | — | 0.12% |
| 7 | Wells Fargo & Co 4.15% 24/01/2029 | — | 0.12% |
| 8 | DSV Finance BV 3.125% 06/11/2028 | — | 0.11% |
| 9 | General Motors Financial Co Inc 4.20% 27/10/2028 | — | 0.11% |
| 10 | Goldman Sachs Group Inc/The 5.218% 23/04/2031 | — | 0.11% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

Added up from the fund’s published holdings, as of 30/09/2026.

| Sector | Weight |
|---|---|
| Financials | 37.9% |
| Communication Services | 8.4% |
| Health Care | 8.1% |
| Information Technology | 6.6% |
| Consumer Discretionary | 5.2% |
| Industrials | 2.3% |
| Consumer Staples | 2.1% |
| Real Estate | 2.0% |
| Other sectors | 1.3% |
| Not classified | 25.3% |

### By country

Added up from the fund’s published holdings, as of 30/09/2026.

| Country | Weight |
|---|---|
| United States | 55.1% |
| United Kingdom | 7.3% |
| France | 6.5% |
| Netherlands | 5.2% |
| Canada | 4.2% |
| Germany | 3.2% |
| Japan | 2.8% |
| Spain | 2.5% |
| Other countries | 11.2% |
| Not classified | 1.1% |

### By type of asset

Added up from the fund’s published holdings, as of 30/09/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 98.1% |
| Cash and money market | 1.1% |

The 4,959 holdings on record (of 5,271 reported): https://fundology.uk/fund/v3gu/holdings

## Questions people ask

**What is the ongoing charge of V3GU?**

The ongoing charge of V3GU is 0.15% a year — about £15 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Vanguard ESG Global Corporate Bond UCITS ETF AccumHedged USD 0.15% a year. Compared on 14/11/2026, 304 of the 427 other corporate and other bond funds charge more, 27 the same and 96 less (share classes counted once).

**What does V3GU track?**

V3GU tracks the Bloomberg MSCI Global Corporate Float-Adjusted Liquid Bond Screened Index - USD - Benchmark TR Gross Hedged.

**Is V3GU accumulating or distributing?**

V3GU is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of V3GU?**

The ISIN of V3GU is IE00BNDS1W07. An ISIN identifies one exact share class of a fund; V3GU is its ticker on the London Stock Exchange.

**What does V3GU hold?**

As of 31/10/2026, V3GU holds 5,271 positions, according to its published holdings. The largest is Cash and cash equivalents at 0.64% of the fund; the ten largest make up 1.8%. Its ten largest holdings are Cash and cash equivalents (0.64%), Bank of America Corp 5.015% 22/07/2033 (0.16%), Eaton Corp 4.50% 06/03/2033 (0.14%), Truist Financial Corp 7.161% 30/10/2029 (0.13%), Wells Fargo & Co 5.15% 23/04/2031 (0.13%), Bank of America Corp 3.419% 20/12/2028 (0.12%), Wells Fargo & Co 4.15% 24/01/2029 (0.12%), DSV Finance BV 3.125% 06/11/2028 (0.11%), General Motors Financial Co Inc 4.20% 27/10/2028 (0.11%) and Goldman Sachs Group Inc/The 5.218% 23/04/2031 (0.11%).

**What were V3GU’s returns in each of the last five years?**

Calendar-year returns of V3GU in pounds (price, with income reinvested in the fund): 2022 −2.8%, 2023 +2.7%, 2024 +6.1%, 2025 −1.8%; 2026 to 13/11/2026 +0.9%. Past performance is not a guide to future returns.

**How has V3GU done after inflation?**

Over the five years to 13/11/2026 V3GU’s total return was +7.4%, or −16.1% after UK CPIH inflation. Past performance is not a guide to future returns.

## Fund documents

- [Fund page at Vanguard](https://www.vanguard.co.uk/professional/product/etf/bond/9478/esg-global-corporate-bond-ucits-etf-usd-hedged-accumulating)
- [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie00bnds1w07-en.pdf)
- [Factsheet](https://fund-docs.vanguard.com/ESG_Global_Corporate_Bond_UCITS_ETF_USD_Hedged_Accumulating_9478_EU_INT_UK_EN.pdf)
- Links checked 12/10/2026.

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Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.