# Vanguard EUR Corporate Bond UCITS ETF (VECA)

**Source:** https://fundology.uk/fund/veca · ISIN IE00BGYWT403 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (Vanguard), 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 01/10/2026, VECA (Vanguard EUR Corporate Bond UCITS ETF, ISIN IE00BGYWT403) closed at £44.74 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the five years to 01/10/2026 its total return was −2.5%, or −23.8% after UK CPIH inflation.

## Summary

Vanguard EUR Corporate Bond UCITS ETF Accum Shs Unhedged EUR is an exchange-traded fund (ETF) from Vanguard, launched in 2019. It tracks the Bloomberg Euro Aggregate Corporate Index - EUR - Benchmark TR Gross. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.07% a year — about £7 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.

Latest close: **£44.74** (01/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | VECA |
| ISIN | IE00BGYWT403 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | Vanguard |
| Tracks | Bloomberg Euro Aggregate Corporate Index - EUR - Benchmark TR Gross |
| Income | Accumulating |
| Ongoing charge | 0.07% a year (£7 per £10,000) |
| Fund size | £1.8bn |
| Launched | 2019 |
| Domicile | Ireland |

## Past returns (periods to 01/10/2026)

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 | -2.87% | -5.92% | income reinvested |
| 3 years | +11.09% | +0.24% | income reinvested |
| 5 years | -2.47% | -23.76% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Vanguard EUR Corporate Bond UCITS ETF Accum Shs Unhedged EUR in pounds (price, with income reinvested in the fund): 2022 −8.6%, 2023 +5.5%, 2024 −0.6%, 2025 +8.3%; 2026 to 01/10/2026 −3.4%. Returns of Vanguard EUR Corporate Bond UCITS ETF Accum Shs Unhedged EUR in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −2.8%; to 30/09/2025: +8.2%; to 30/09/2024: +5.3%; to 30/09/2023: +1.5%; to 30/09/2022: −12.7%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -8.6% | -16.3% | Price |
| 2023 | +5.5% | +1.3% | Price |
| 2024 | -0.6% | -4.0% | Price |
| 2025 | +8.3% | +4.6% | Price |
| 2026 to 01/10/2026 | -3.4% | -6.1% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 4.58% | -5.27% |
| 3 years | 4.54% | -5.27% |
| 5 years | 5.82% | -14.83% |

## Largest fall

Volatility of Vanguard EUR Corporate Bond UCITS ETF Accum Shs Unhedged EUR in pounds, annualised from weekly returns to 01/10/2026: 4.6% over 1 year, 4.5% over 3 years, 5.8% over 5 years. Largest fall in the price of Vanguard EUR Corporate Bond UCITS ETF Accum Shs Unhedged EUR since October 2021, in pounds: −14.8% from 05/11/2021 to 14/10/2022. The lowest 12-month return of Vanguard EUR Corporate Bond UCITS ETF Accum Shs Unhedged EUR in pounds (price, with income reinvested in the fund) since January 2021 was −13.5% (12 months to 17/06/2022); the highest was +9.9% (12 months to 07/11/2025). On 01/10/2026 the price of Vanguard EUR Corporate Bond UCITS ETF Accum Shs Unhedged EUR was 5.3% below its highest weekly close since October 2021 (27/02/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Vanguard EUR Corporate Bond UCITS ETF Accum Shs Unhedged EUR 0.07% a year, as of 02/10/2026: 390 of the 392 other corporate and other bond funds charge more, 1 the same and 1 less (share classes counted once).

## Funds tracking the same index

3 funds track Bloomberg Euro Aggregate Corporate Index - EUR - Benchmark TR Gross, this one included and share classes counted once; their ongoing charges range from 0.07% to 0.12% a year (01/10/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Vanguard EUR Corporate Bond UCITS ETF | 0.07% | -2.9% | +5.5% | -10.3% |
| Vanguard EUR Corporate Bond UCITS ETF Accum Shs Unhedged EUR (this fund) | 0.07% | -2.9% | +11.1% | -2.5% |
| Vanguard EUR Corporate Bond UCITS ETF AccumHedged USD | 0.12% | +1.8% | — | — |

Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.07%** per year
- ISA eligible: yes
- SIPP eligible: yes

## What it holds

As of 31/08/2026, VECA holds 3,598 positions, according to the holdings Vanguard publishes. The largest is Cash and cash equivalents at 0.44% of the fund; the ten largest make up 1.4%.

### Top holdings

Largest positions (as of 31/08/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Cash and cash equivalents | — | 0.44% |
| 2 | Anheuser-Busch InBev SA/NV 2.00% 17/03/2028 | — | 0.14% |
| 3 | Enel SpA 3.875% 26/05/2033 | — | 0.11% |
| 4 | ING Groep NV 4.50% 23/05/2029 | — | 0.11% |
| 5 | Sky Ltd 2.75% 27/11/2029 | — | 0.11% |
| 6 | AXA SA 3.25% 28/05/2049 | — | 0.10% |
| 7 | Anheuser-Busch InBev SA/NV 2.75% 17/03/2036 | — | 0.10% |
| 8 | BNP Paribas SA 0.875% 11/07/2030 | — | 0.10% |
| 9 | Bpce SA 3.375% 19/12/2031 | — | 0.10% |
| 10 | Eni SpA 3.50% 26/05/2031 | — | 0.10% |

Source: Vanguard, holdings as published, as of 31/08/2026.

## 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 | 29.1% |
| Industrials | 5.1% |
| Communication Services | 4.7% |
| Utilities | 4.3% |
| Consumer Staples | 4.1% |
| Consumer Discretionary | 4.0% |
| Real Estate | 3.5% |
| Health Care | 3.0% |
| Other sectors | 5.0% |
| Not classified | 37.5% |

### By country

Added up from the holdings Vanguard publishes, as of 31/08/2026.

| Country | Weight |
|---|---|
| France | 18.6% |
| United States | 16.8% |
| Netherlands | 14.4% |
| Germany | 8.4% |
| United Kingdom | 7.9% |
| Spain | 5.5% |
| Italy | 5.1% |
| Luxembourg | 3.8% |
| Other countries | 19.0% |
| Not classified | 0.4% |

### By type of asset

Added up from the holdings Vanguard publishes, as of 31/08/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 99.9% |
| Cash and money market | 0.4% |

The 3,397 holdings on record (of 3,598 Vanguard reports): https://fundology.uk/fund/veca/holdings

## Questions people ask

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

The ongoing charge of VECA is 0.07% a year — about £7 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 EUR Corporate Bond UCITS ETF Accum Shs Unhedged EUR 0.07% a year, as of 02/10/2026: 390 of the 392 other corporate and other bond funds charge more, 1 the same and 1 less (share classes counted once).

**What does VECA track?**

VECA tracks the Bloomberg Euro Aggregate Corporate Index - EUR - Benchmark TR Gross.

**Is VECA accumulating or distributing?**

VECA 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 VECA?**

The ISIN of VECA is IE00BGYWT403. An ISIN identifies one exact share class of a fund; VECA is its ticker on the London Stock Exchange.

**What does VECA hold?**

As of 31/08/2026, VECA holds 3,598 positions, according to the holdings Vanguard publishes. The largest is Cash and cash equivalents at 0.44% of the fund; the ten largest make up 1.4%. Its ten largest holdings are Cash and cash equivalents (0.44%), Anheuser-Busch InBev SA/NV 2.00% 17/03/2028 (0.14%), Enel SpA 3.875% 26/05/2033 (0.11%), ING Groep NV 4.50% 23/05/2029 (0.11%), Sky Ltd 2.75% 27/11/2029 (0.11%), AXA SA 3.25% 28/05/2049 (0.10%), Anheuser-Busch InBev SA/NV 2.75% 17/03/2036 (0.10%), BNP Paribas SA 0.875% 11/07/2030 (0.10%), Bpce SA 3.375% 19/12/2031 (0.10%) and Eni SpA 3.50% 26/05/2031 (0.10%).

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

Calendar-year returns of VECA in pounds (price, with income reinvested in the fund): 2022 −8.6%, 2023 +5.5%, 2024 −0.6%, 2025 +8.3%; 2026 to 01/10/2026 −3.4%. Past performance is not a guide to future returns.

**How has VECA done after inflation?**

Over the five years to 01/10/2026 VECA’s total return was −2.5%, or −23.8% after UK CPIH inflation. Past performance is not a guide to future returns.

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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.