# Vanguard Global Aggregate Bond UCITS ETF AccumHedged GBP (VAGS)

**Page:** https://fundology.uk/fund/vags · ISIN IE00BG47K971

## 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, VAGS (Vanguard Global Aggregate Bond UCITS ETF AccumHedged GBP, ISIN IE00BG47K971) closed at £25.53 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 +9.2%, or −14.8% after UK CPIH inflation.

## Summary

Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF AccumHedged 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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.

Latest close: **£25.53** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | VAGS |
| ISIN | IE00BG47K971 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | Vanguard |
| Tracks | Bloomberg Global Aggregate Float-Adjusted and Scaled |
| Income | Accumulating |
| Ongoing charge | 0.08% a year (£8 per £10,000) |
| Fund size | £2.0bn |
| 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 |

## 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 | +1.27% | -2.32% | income reinvested |
| 3 years | +21.99% | +10.21% | income reinvested |
| 5 years | +9.17% | -14.79% | 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 AccumHedged GBP in pounds (price, with income reinvested in the fund): 2022 −13.7%, 2023 +5.9%, 2024 +2.1%, 2025 +5.0%; 2026 to 13/11/2026 −1.0%. Returns of Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF AccumHedged GBP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −1.8%; to 30/09/2025: +2.8%; to 30/09/2024: +10.1%; to 30/09/2023: +0.6%; to 30/09/2022: −14.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -13.7% | -21.0% | Price |
| 2023 | +5.9% | +1.7% | Price |
| 2024 | +2.1% | -1.4% | Price |
| 2025 | +5.0% | +1.4% | Price |
| 2026 to 13/11/2026 | -1.0% | -4.1% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 3.67% | -3.64% |
| 3 years | 4.31% | -3.64% |
| 5 years | 5.10% | -16.83% |

## Largest fall

Volatility of Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF AccumHedged GBP in pounds, annualised from weekly returns to 13/11/2026: 3.7% over 1 year, 4.3% over 3 years, 5.1% over 5 years. Largest fall in the price of Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF AccumHedged GBP since November 2021, in pounds: −16.8% from 03/12/2021 to 21/10/2022. The lowest 12-month return of Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF AccumHedged GBP in pounds (price, with income reinvested in the fund) since January 2021 was −15.9% (12 months to 04/11/2022); the highest was +10.8% (12 months to 18/10/2024). On 13/11/2026 the price of Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF AccumHedged GBP was 3.7% 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 AccumHedged 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 (this fund) | 0.08% | +1.3% | +22.0% | +9.2% |
| Vanguard Funds PLC - Vanguard Global Aggregate Bond UCITS ETF Hedged GBP | 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, VAGS 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/vags/holdings

## Questions people ask

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

The ongoing charge of VAGS 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 AccumHedged 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 VAGS track?**

VAGS tracks the Bloomberg Global Aggregate Float-Adjusted and Scaled.

**Is VAGS accumulating or distributing?**

VAGS 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 VAGS?**

The ISIN of VAGS is IE00BG47K971. An ISIN identifies one exact share class of a fund; VAGS is its ticker on the London Stock Exchange.

**What does VAGS hold?**

As of 31/10/2026, VAGS 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 VAGS’s returns in each of the last five years?**

Calendar-year returns of VAGS in pounds (price, with income reinvested in the fund): 2022 −13.7%, 2023 +5.9%, 2024 +2.1%, 2025 +5.0%; 2026 to 13/11/2026 −1.0%. Past performance is not a guide to future returns.

**How has VAGS done after inflation?**

Over the five years to 13/11/2026 VAGS’s total return was +9.2%, or −14.8% 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/9685/global-aggregate-bond-ucits-etf-gbp-hedged-accumulating)
- [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie00bg47k971-en.pdf)
- [Factsheet](https://fund-docs.vanguard.com/Global_Aggregate_Bond_UCITS_ETF_GBP_Hedged_Accumulating_9685_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.