# Vanguard Global Aggregate Bond UCITS ETF Hedged GBP (VAGP) **Page:** https://fundology.uk/fund/vagp · ISIN IE00BG47KG48 ## 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, VAGP (Vanguard Global Aggregate Bond UCITS ETF Hedged GBP, ISIN IE00BG47KG48) closed at £21.77 on the London Stock Exchange. Its ongoing charge is 0.08% a year (about £8 on £10,000). Over the five years to 13/11/2026 its total return was −12.6%, or −31.7% after UK CPIH inflation. ## Summary Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF Hedged GBP is an exchange-traded fund (ETF) from Vanguard, launched in 2019. It tracks the Bloomberg Global Aggregate Float-Adjusted and Scaled. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.08% a year — about £8 a year on every £10,000 invested, taken from the fund's value rather than billed to you. Income from its investments is paid out to holders as cash, usually a few times a year. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£21.77** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | VAGP | | ISIN | IE00BG47KG48 | | Category | Corporate & other bonds | | Type | ETF | | Provider | Vanguard | | Tracks | Bloomberg Global Aggregate Float-Adjusted and Scaled | | Income | Distributing | | Ongoing charge | 0.08% a year (£8 per £10,000) | | Fund size | £200m | | Launched | 2019 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 18/06/2019 | ## Income and distributions > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 14/11/2026, the latest distribution of VAGP was £0.067255 per share: it went ex-dividend on 15/10/2026 and was paid on 28/10/2026. In the 12 months to 14/11/2026 VAGP declared 12 distributions, together £0.805575 per share. VAGP has a distribution yield of 3.68% as at 31/10/2026. Latest distributions of VAGP per share, as of 14/11/2026: | Ex-dividend date | Payment date | Amount per share | |---|---|---| | 15/10/2026 | 28/10/2026 | £0.067255 | | 17/09/2026 | 30/09/2026 | £0.063856 | | 20/08/2026 | 02/09/2026 | £0.07659 | | 16/07/2026 | 29/07/2026 | £0.062974 | | 18/06/2026 | 01/07/2026 | £0.063239 | | 21/05/2026 | 03/06/2026 | £0.077626 | | 16/04/2026 | 29/04/2026 | £0.05674 | | 19/03/2026 | 01/04/2026 | £0.06918 | Distributions are not guaranteed: they can rise, fall or stop. Future dates are set and announced by the fund manager. 88 distributions are on record since 25/07/2019. ## 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 | -1.11% | -4.61% | income reinvested | | 3 years | +4.88% | -5.24% | income reinvested | | 5 years | -12.56% | -31.75% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included): 2022 −15.0%, 2023 +3.3%, 2024 −0.9%, 2025 +1.4%; 2026 to 13/11/2026 −3.8%. Returns of Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −5.0%; to 30/09/2025: −0.7%; to 30/09/2024: +6.9%; to 30/09/2023: −1.6%; to 30/09/2022: −15.6%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -15.0% | -22.2% | Price | | 2023 | +3.3% | -0.8% | Price | | 2024 | -0.9% | -4.3% | Price | | 2025 | +1.4% | -2.0% | Price | | 2026 to 13/11/2026 | -3.8% | -6.9% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 3.52% | -5.72% | | 3 years | 4.21% | -5.72% | | 5 years | 5.06% | -18.48% | ## Largest fall Volatility of Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 3.5% over 1 year, 4.2% over 3 years, 5.1% over 5 years. Largest fall in the price of Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF Hedged GBP since November 2021, in pounds: −18.5% from 03/12/2021 to 20/10/2023. The lowest 12-month return of Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included) since January 2021 was −16.9% (12 months to 21/10/2022); the highest was +7.5% (12 months to 18/10/2024). On 13/11/2026 the price of Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF Hedged GBP was 15.8% below its highest weekly close since November 2021 (03/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF Hedged GBP 0.08% a year. Compared on 14/11/2026, 420 of the 427 other corporate and other bond funds charge more, 3 the same and 4 less (share classes counted once). ## Funds tracking the same index 4 funds track Bloomberg Global Aggregate Float-Adjusted and Scaled, this one included and share classes counted once; their ongoing charges range from 0.08% to 0.08% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF AccumHedged GBP | 0.08% | +1.3% | +22.0% | +9.2% | | Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF Hedged GBP (this fund) | 0.08% | -1.1% | +4.9% | -12.6% | | Vanguard Global Aggregate Bond UCITS ETF Accum Shs Hedged EUR | 0.08% | -7.0% | +3.1% | -11.6% | | Vanguard Global Aggregate Bond UCITS ETF Accum Shs Hedged USD | 0.08% | -0.6% | +5.2% | +1.3% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.08%** per year (as of 14/11/2026) - 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, VAGP holds 13,931 positions, according to its published holdings. The largest is Cash and cash equivalents at 1.31% of the fund; the ten largest make up 3.5%. ### Top holdings Largest positions (as of 31/10/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Cash and cash equivalents | — | 1.31% | | 2 | United Kingdom Gilt 4.50% 07/06/2028 | — | 0.33% | | 3 | French Republic Government Bond OAT 2.75% 25/02/2030 | — | 0.27% | | 4 | United States Treasury Note/Bond 3.375% 29/02/2028 | — | 0.27% | | 5 | United States Treasury Note/Bond 3.875% 30/06/2030 | — | 0.24% | | 6 | Bundesrepublik Deutschland Bundesanleihe 2.40% 15/11/2030 | — | 0.23% | | 7 | French Republic Government Bond OAT 2.70% 25/02/2031 | — | 0.22% | | 8 | United Kingdom Gilt 4.375% 07/03/2028 | — | 0.22% | | 9 | United States Treasury Note/Bond 4.375% 15/05/2034 | — | 0.22% | | 10 | Italy Buoni Poliennali Del Tesoro 2.20% 28/02/2028 | — | 0.21% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By country Added up from the fund’s published holdings, as of 30/09/2026. | Country | Weight | |---|---| | United States | 45.3% | | France | 5.9% | | Japan | 5.7% | | Germany | 5.0% | | United Kingdom | 4.3% | | Canada | 4.0% | | Italy | 3.6% | | SNAT | 2.9% | | Other countries | 21.1% | | Not classified | 1.0% | ### 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 | 1.0% | The 3,634 holdings on record (of 13,931 reported): https://fundology.uk/fund/vagp/holdings ## Questions people ask **What is the ongoing charge of VAGP?** The ongoing charge of VAGP is 0.08% a year — about £8 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 Funds PLC - Vanguard Global Aggregate Bond UCITS ETF Hedged GBP 0.08% a year. Compared on 14/11/2026, 420 of the 427 other corporate and other bond funds charge more, 3 the same and 4 less (share classes counted once). **What does VAGP track?** VAGP tracks the Bloomberg Global Aggregate Float-Adjusted and Scaled. **Is VAGP accumulating or distributing?** VAGP is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly. **When does VAGP pay dividends?** VAGP pays its income out monthly. In the 12 months to 14/11/2026 it went ex-dividend on 20/11/2025, 18/12/2025, 15/01/2026, 19/02/2026, 19/03/2026, 16/04/2026, 21/05/2026, 18/06/2026, 16/07/2026, 20/08/2026, 17/09/2026 and 15/10/2026. The latest distribution went ex-dividend on 15/10/2026 and was paid on 28/10/2026. Future dates are set and announced by the fund manager; distributions are not guaranteed and can change. **What is VAGP’s dividend yield?** VAGP has a distribution yield of 3.68% as at 31/10/2026. In UK fund terms, a distribution yield is the income expected to be paid over the next 12 months as a percentage of the price on that date — an estimate, not a promise. Yields change with the fund’s price and income; a yield describes the fund, not what any investor will receive. **What is the ISIN of VAGP?** The ISIN of VAGP is IE00BG47KG48. An ISIN identifies one exact share class of a fund; VAGP is its ticker on the London Stock Exchange. **What does VAGP hold?** As of 31/10/2026, VAGP holds 13,931 positions, according to its published holdings. The largest is Cash and cash equivalents at 1.31% of the fund; the ten largest make up 3.5%. Its ten largest holdings are Cash and cash equivalents (1.31%), United Kingdom Gilt 4.50% 07/06/2028 (0.33%), French Republic Government Bond OAT 2.75% 25/02/2030 (0.27%), United States Treasury Note/Bond 3.375% 29/02/2028 (0.27%), United States Treasury Note/Bond 3.875% 30/06/2030 (0.24%), Bundesrepublik Deutschland Bundesanleihe 2.40% 15/11/2030 (0.23%), French Republic Government Bond OAT 2.70% 25/02/2031 (0.22%), United Kingdom Gilt 4.375% 07/03/2028 (0.22%), United States Treasury Note/Bond 4.375% 15/05/2034 (0.22%) and Italy Buoni Poliennali Del Tesoro 2.20% 28/02/2028 (0.21%). **What were VAGP’s returns in each of the last five years?** Calendar-year returns of VAGP in pounds (price only, income paid out not included): 2022 −15.0%, 2023 +3.3%, 2024 −0.9%, 2025 +1.4%; 2026 to 13/11/2026 −3.8%. Past performance is not a guide to future returns. **How has VAGP done after inflation?** Over the five years to 13/11/2026 VAGP’s total return was −12.6%, or −31.7% 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/9442/global-aggregate-bond-ucits-etf-gbp-hedged-distributing) - [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie00bg47kg48-en.pdf) - [Factsheet](https://fund-docs.vanguard.com/Global_Aggregate_Bond_UCITS_ETF_GBP_Hedged_Distributing_9442_EU_INT_UK_EN.pdf) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.