# Vanguard USD Corporate Bond UCITS ETF Accum Unhedged USD (VCPA) **Source:** https://fundology.uk/fund/vcpa · ISIN IE00BGYWFK87 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## 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 30/09/2026, VCPA (Vanguard USD Corporate Bond UCITS ETF Accum Unhedged USD, ISIN IE00BGYWFK87) closed at £44.72 on the London Stock Exchange. Its ongoing charge is 0.09% a year (about £9 on £10,000). Over the five years to 30/09/2026 its total return was +1.1%, or −20.9% after UK CPIH inflation. ## Summary Vanguard USD Corporate Bond UCITS ETF Accum Unhedged USD is an exchange-traded fund (ETF) from Vanguard, launched in 2019. It tracks the Bloomberg Global Aggregate Corporate - United States Dollar. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.09% a year — about £9 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: **£44.72** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | VCPA | | ISIN | IE00BGYWFK87 | | Category | Corporate & other bonds | | Type | ETF | | Provider | Vanguard | | Tracks | Bloomberg Global Aggregate Corporate - United States Dollar | | Income | Accumulating | | Ongoing charge | 0.09% a year (£9 per £10,000) | | Fund size | £2.0bn | | Launched | 2019 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | -0.51% | -3.63% | income reinvested | | 3 years | +7.15% | -3.31% | income reinvested | | 5 years | +1.13% | -20.94% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Charges compared with similar funds Ongoing charge of Vanguard USD Corporate Bond UCITS ETF Accum Unhedged USD 0.09% a year, as of 01/10/2026: 372 of the 383 other corporate and other bond funds charge more, 7 the same and 4 less (share classes counted once). ## Funds tracking the same index 3 funds track Bloomberg Global Aggregate Corporate - United States Dollar, this one included and share classes counted once; their ongoing charges range from 0.09% to 0.14% a year (30/09/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Vanguard USD Corporate Bond UCITS ETF | 0.09% | -1.1% | -3.8% | -15.6% | | Vanguard USD Corporate Bond UCITS ETF Accum Unhedged USD (this fund) | 0.09% | -0.5% | +7.1% | +1.1% | | Vanguard USD Corporate Bond UCITS ETF AccumHedged GBP | 0.14% | -2.1% | +15.0% | +4.6% | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.09%** per year - ISA eligible: yes - SIPP eligible: yes ## Top holdings Largest positions (as of 31/08/2026): | Holding | Weight | |---|---| | JPMorgan Chase | 1.84% | | Morgan Stanley | 1.73% | | Bank of America | 1.71% | | Goldman Sachs Group Inc/The | 1.41% | | Oracle | 1.11% | | Wells Fargo | 1.09% | | Amazon | 1.07% | | HSBC | 0.94% | | AT&T | 0.91% | | Citigroup | 0.87% | ## Where it invests Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed. ### By sector Added up from the holdings Vanguard publishes, as of 31/08/2026. | Sector | Weight | |---|---| | Financials | 24.7% | | Health Care | 6.7% | | Information Technology | 6.1% | | Communication Services | 5.6% | | Industrials | 5.1% | | Utilities | 4.5% | | Consumer Discretionary | 4.3% | | Energy | 4.2% | | Other sectors | 6.5% | | Not classified | 33.1% | ### By country Added up from the holdings Vanguard publishes, as of 31/08/2026. | Country | Weight | |---|---| | United States | 79.2% | | United Kingdom | 3.5% | | Canada | 2.7% | | Japan | 2.5% | | France | 1.7% | | Netherlands | 1.4% | | Cayman Islands | 1.3% | | Australia | 1.1% | | Other countries | 7.0% | | Not classified | 0.2% | ### By type of asset Added up from the holdings Vanguard publishes, as of 31/08/2026. | Type of asset | Weight | |---|---| | Bonds | 100.5% | | Cash and money market | 0.2% | All 1,445 holdings: https://fundology.uk/fund/vcpa/holdings --- 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.