# Vanguard USD Treasury Bond UCITS ETF Hedged GBP (VDTS) **Page:** https://fundology.uk/fund/vdts · ISIN IE000S0PSP47 ## 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, VDTS (Vanguard USD Treasury Bond UCITS ETF Hedged GBP, ISIN IE000S0PSP47) closed at £20.26 on the London Stock Exchange. Its ongoing charge is 0.08% a year (about £8 on £10,000). Over the three years to 13/11/2026 its total return was +1.4%, or −8.4% after UK CPIH inflation. ## Summary Vanguard USD Treasury Bond UCITS ETF Hedged GBP is an exchange-traded fund (ETF) from Vanguard, launched in 2022. It tracks the Bloomberg Global Aggregate - US Treasury Float Adjusted. 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: **£20.26** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | VDTS | | ISIN | IE000S0PSP47 | | Category | Government bonds | | Type | ETF | | Provider | Vanguard | | Tracks | Bloomberg Global Aggregate - US Treasury Float Adjusted | | Income | Distributing | | Ongoing charge | 0.08% a year (£8 per £10,000) | | Fund size | £10.4m | | Launched | 2022 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 08/02/2022 | ## 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 | -0.68% | -4.19% | income reinvested | | 3 years | +1.39% | -8.40% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Vanguard USD Treasury Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included): 2023 −0.6%, 2024 −3.6%, 2025 +1.4%; 2026 to 13/11/2026 −4.8%. Returns of Vanguard USD Treasury Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −6.2%; to 30/09/2025: −2.5%; to 30/09/2024: +5.0%; to 30/09/2023: −5.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2023 | -0.6% | -4.6% | Price | | 2024 | -3.6% | -6.9% | Price | | 2025 | +1.4% | -2.1% | Price | | 2026 to 13/11/2026 | -4.8% | -7.8% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 3.82% | -6.56% | | 3 years | 5.01% | -8.91% | ## Largest fall Volatility of Vanguard USD Treasury Bond UCITS ETF Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 3.8% over 1 year, 5.0% over 3 years. Largest fall in the price of Vanguard USD Treasury Bond UCITS ETF Hedged GBP since February 2022, in pounds: −20.3% from 04/03/2022 to 02/10/2026. The lowest 12-month return of Vanguard USD Treasury Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included) since February 2022 was −14.2% (12 months to 03/03/2023); the highest was +5.0% (12 months to 27/09/2024). On 13/11/2026 the price of Vanguard USD Treasury Bond UCITS ETF Hedged GBP was 19.7% below its highest weekly close since February 2022 (04/03/2022), in pounds. ## Charges compared with similar funds Ongoing charge of Vanguard USD Treasury Bond UCITS ETF Hedged GBP 0.08% a year. Compared on 14/11/2026, 239 of the 311 other government bond funds charge more, 1 the same and 71 less (share classes counted once). ## Funds tracking the same index 3 funds track Bloomberg Global Aggregate - US Treasury Float Adjusted, this one included and share classes counted once; their ongoing charges range from 0.05% to 0.08% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Vanguard USD Treasury Bond UCITS ETF | 0.05% | -1.9% | — | — | | Vanguard USD Treasury Bond UCITS ETF Accum Shs Unhedged USD | 0.05% | -1.5% | +3.1% | -2.6% | | Vanguard USD Treasury Bond UCITS ETF Hedged GBP (this fund) | 0.08% | -0.7% | +1.4% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.08%** 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, VDTS holds 308 positions, according to its published holdings. The largest is United States Treasury Note/Bond 4.25% 15/11/2034 at 0.85% of the fund; the ten largest make up 8.2%. ### Top holdings Largest positions (as of 31/10/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | United States Treasury Note/Bond 4.25% 15/11/2034 | — | 0.85% | | 2 | United States Treasury Note/Bond 4.625% 15/02/2035 | — | 0.85% | | 3 | United States Treasury Note/Bond 3.875% 15/08/2034 | — | 0.83% | | 4 | United States Treasury Note/Bond 4.25% 15/05/2035 | — | 0.82% | | 5 | United States Treasury Note/Bond 4.25% 15/08/2035 | — | 0.82% | | 6 | United States Treasury Note/Bond 4.00% 15/02/2034 | — | 0.81% | | 7 | United States Treasury Note/Bond 4.375% 15/05/2034 | — | 0.81% | | 8 | United States Treasury Note/Bond 4.375% 15/05/2036 | — | 0.81% | | 9 | United States Treasury Note/Bond 4.00% 15/11/2035 | — | 0.80% | | 10 | United States Treasury Note/Bond 4.125% 15/02/2036 | — | 0.80% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By type of asset Added up from the fund’s published holdings, as of 30/09/2026. | Type of asset | Weight | |---|---| | Bonds | 98.9% | | Cash and money market | 1.1% | The 297 holdings on record (of 308 reported): https://fundology.uk/fund/vdts/holdings ## Questions people ask **What is the ongoing charge of VDTS?** The ongoing charge of VDTS 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 USD Treasury Bond UCITS ETF Hedged GBP 0.08% a year. Compared on 14/11/2026, 239 of the 311 other government bond funds charge more, 1 the same and 71 less (share classes counted once). **What does VDTS track?** VDTS tracks the Bloomberg Global Aggregate - US Treasury Float Adjusted. **Is VDTS accumulating or distributing?** VDTS is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly. **What is the ISIN of VDTS?** The ISIN of VDTS is IE000S0PSP47. An ISIN identifies one exact share class of a fund; VDTS is its ticker on the London Stock Exchange. **What does VDTS hold?** As of 31/10/2026, VDTS holds 308 positions, according to its published holdings. The largest is United States Treasury Note/Bond 4.25% 15/11/2034 at 0.85% of the fund; the ten largest make up 8.2%. Its ten largest holdings are United States Treasury Note/Bond 4.25% 15/11/2034 (0.85%), United States Treasury Note/Bond 4.625% 15/02/2035 (0.85%), United States Treasury Note/Bond 3.875% 15/08/2034 (0.83%), United States Treasury Note/Bond 4.25% 15/05/2035 (0.82%), United States Treasury Note/Bond 4.25% 15/08/2035 (0.82%), United States Treasury Note/Bond 4.00% 15/02/2034 (0.81%), United States Treasury Note/Bond 4.375% 15/05/2034 (0.81%), United States Treasury Note/Bond 4.375% 15/05/2036 (0.81%), United States Treasury Note/Bond 4.00% 15/11/2035 (0.80%) and United States Treasury Note/Bond 4.125% 15/02/2036 (0.80%). **What were VDTS’s returns in each of the last five years?** Calendar-year returns of VDTS in pounds (price only, income paid out not included): 2023 −0.6%, 2024 −3.6%, 2025 +1.4%; 2026 to 13/11/2026 −4.8%. Past performance is not a guide to future returns. **How has VDTS done after inflation?** Over the three years to 13/11/2026 VDTS’s total return was +1.4%, or −8.4% 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/E024/usd-treasury-bond-ucits-etf-gbp-hedged-distributing) - [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie000s0psp47-en.pdf) - [Factsheet](https://fund-docs.vanguard.com/USD_Treasury_Bond_UCITS_ETF_GBP_Hedged_Distributing_E024_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.