# Vanguard EUR Corporate Bond UCITS ETF AccumHedged USD (VECU)

**Page:** https://fundology.uk/fund/vecu · ISIN IE00BGYWT510

## 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, VECU (Vanguard EUR Corporate Bond UCITS ETF AccumHedged USD, ISIN IE00BGYWT510) closed at $53.13 on the London Stock Exchange. Its ongoing charge is 0.11% a year (about £11 on £10,000). Over the year to 13/11/2026 its total return was +0.8%, or −2.8% after UK CPIH inflation.

## Summary

Vanguard EUR Corporate Bond UCITS ETF AccumHedged USD is an exchange-traded fund (ETF) from Vanguard, launched in 2025. It tracks the Bloomberg Euro Aggregate Corporate Index - USD - Benchmark TR Net Hedged. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.11% a year — about £11 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 to US dollars, not to the pound: it aims to remove most of the effect of exchange-rate moves against US dollars, so a holder who counts in pounds still has currency risk.

Latest close: **$53.13** (13/11/2026). The close has not changed since 06/11/2026; this line may not have traded since then.

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | VECU |
| ISIN | IE00BGYWT510 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | Vanguard |
| Tracks | Bloomberg Euro Aggregate Corporate Index - USD - Benchmark TR Net Hedged |
| Income | Accumulating |
| Ongoing charge | 0.11% a year (£11 per £10,000) |
| Fund size | £384k |
| Launched | 2025 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 08/04/2025 |

## 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 | +0.77% | -2.80% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Vanguard EUR Corporate Bond UCITS ETF AccumHedged USD in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +3.1%. Returns of Vanguard EUR Corporate Bond UCITS ETF AccumHedged USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +1.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2026 to 13/11/2026 | +3.1% | -0.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 6.31% | -3.92% |

## Largest fall

Volatility of Vanguard EUR Corporate Bond UCITS ETF AccumHedged USD in pounds, annualised from weekly returns to 13/11/2026: 6.3% over 1 year. Largest fall in the price of Vanguard EUR Corporate Bond UCITS ETF AccumHedged USD since April 2025, in pounds: −4.0% from 31/10/2025 to 30/01/2026. On 13/11/2026 the price of Vanguard EUR Corporate Bond UCITS ETF AccumHedged USD was 0.8% below its highest weekly close since April 2025 (26/06/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Vanguard EUR Corporate Bond UCITS ETF AccumHedged USD 0.11% a year. Compared on 14/11/2026, 376 of the 427 other corporate and other bond funds charge more, 6 the same and 45 less (share classes counted once).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.11%** 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 30/09/2026, VECU holds 3,625 positions, according to its published holdings. The largest is Cash and cash equivalents at 1.61% of the fund; the ten largest make up 2.6%.

### Top holdings

Largest positions (as of 30/09/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Cash and cash equivalents | — | 1.61% |
| 2 | Anheuser-Busch InBev SA/NV 2.00% 17/03/2028 | — | 0.14% |
| 3 | Banco Bilbao Vizcaya Argentaria SA 4.375% 14/10/2029 | — | 0.11% |
| 4 | ING Groep NV 4.50% 23/05/2029 | — | 0.11% |
| 5 | JPMorgan Chase & Co 1.963% 23/03/2030 | — | 0.11% |
| 6 | Anheuser-Busch InBev SA/NV 2.75% 17/03/2036 | — | 0.10% |
| 7 | BNP Paribas SA 0.875% 11/07/2030 | — | 0.10% |
| 8 | Bpce SA 3.375% 19/12/2031 | — | 0.10% |
| 9 | Enel SpA 3.875% 26/05/2033 | — | 0.10% |
| 10 | LVMH Moet Hennessy Louis Vuitton SE 0.125% 11/02/2028 | — | 0.10% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By sector

Added up from the fund’s published holdings, as of 30/09/2026.

| Sector | Weight |
|---|---|
| Financials | 28.6% |
| Industrials | 5.2% |
| Communication Services | 4.7% |
| Consumer Staples | 4.1% |
| Utilities | 4.0% |
| Consumer Discretionary | 3.9% |
| Real Estate | 3.4% |
| Health Care | 2.9% |
| Other sectors | 4.8% |
| Not classified | 38.5% |

### By country

Added up from the fund’s published holdings, as of 30/09/2026.

| Country | Weight |
|---|---|
| France | 18.4% |
| United States | 16.9% |
| Netherlands | 14.3% |
| Germany | 8.2% |
| United Kingdom | 7.7% |
| Spain | 5.3% |
| Italy | 4.9% |
| Luxembourg | 3.7% |
| Other countries | 18.9% |
| Not classified | 1.6% |

### By type of asset

Added up from the fund’s published holdings, as of 30/09/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 98.4% |
| Cash and money market | 1.6% |

The 3,407 holdings on record (of 3,625 reported): https://fundology.uk/fund/vecu/holdings

## Questions people ask

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

The ongoing charge of VECU is 0.11% a year — about £11 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 AccumHedged USD 0.11% a year. Compared on 14/11/2026, 376 of the 427 other corporate and other bond funds charge more, 6 the same and 45 less (share classes counted once).

**What does VECU track?**

VECU tracks the Bloomberg Euro Aggregate Corporate Index - USD - Benchmark TR Net Hedged.

**Is VECU accumulating or distributing?**

VECU 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 VECU?**

The ISIN of VECU is IE00BGYWT510. An ISIN identifies one exact share class of a fund; VECU is its ticker on the London Stock Exchange.

**What does VECU hold?**

As of 30/09/2026, VECU holds 3,625 positions, according to its published holdings. The largest is Cash and cash equivalents at 1.61% of the fund; the ten largest make up 2.6%. Its ten largest holdings are Cash and cash equivalents (1.61%), Anheuser-Busch InBev SA/NV 2.00% 17/03/2028 (0.14%), Banco Bilbao Vizcaya Argentaria SA 4.375% 14/10/2029 (0.11%), ING Groep NV 4.50% 23/05/2029 (0.11%), JPMorgan Chase & Co 1.963% 23/03/2030 (0.11%), 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%), Enel SpA 3.875% 26/05/2033 (0.10%) and LVMH Moet Hennessy Louis Vuitton SE 0.125% 11/02/2028 (0.10%).

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

Calendar-year returns of VECU in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +3.1%. Past performance is not a guide to future returns.

**How has VECU done after inflation?**

Over the year to 13/11/2026 VECU’s total return was +0.8%, or −2.8% 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/E082/eur-corporate-bond-ucits-etf-usd-hedged-acc)
- [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie00bgywt510-en.pdf)
- [Factsheet](https://fund-docs.vanguard.com/EUR_Corporate_Bond_UCITS_ETF_USD_Hedged_Acc_E082_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.