# Vanguard EUR Eurozone Government Bond UCITS ETF (VETY) **Page:** https://fundology.uk/fund/vety · ISIN IE00BZ163H91 ## 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, VETY (Vanguard EUR Eurozone Government Bond UCITS ETF, ISIN IE00BZ163H91) closed at £17.72 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the five years to 13/11/2026 its price changed by −23.6% (income paid out is not included), or −40.4% after UK CPIH inflation. ## Summary Vanguard EUR Eurozone Government Bond UCITS ETF is an exchange-traded fund (ETF) from Vanguard, launched in 2016. It tracks the Bloomberg Euro Aggregate Treasury Index - EUR - Benchmark TR Net. 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 paid out to holders as cash, usually a few times a year. Latest close: **£17.72** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | VETY | | ISIN | IE00BZ163H91 | | Also listed as | VGEB (Xetra, euros) | | Category | Government bonds | | Type | ETF | | Provider | Vanguard | | Tracks | Bloomberg Euro Aggregate Treasury Index - EUR - Benchmark TR Net | | Income | Distributing | | Ongoing charge | 0.07% a year (£7 per £10,000) | | Fund size | £1.1bn | | Launched | 2016 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 24/02/2016 | ## Income and distributions > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. As of 14/11/2026, the latest distribution of VETY was €0.050907 per share: it went ex-dividend on 15/10/2026 and was paid on 28/10/2026. In the 12 months to 14/11/2026 VETY declared 12 distributions, together €0.639108 per share. VETY has a distribution yield of 3.01% as at 31/10/2026. Latest distributions of VETY per share, as of 14/11/2026: | Ex-dividend date | Payment date | Amount per share | |---|---|---| | 15/10/2026 | 28/10/2026 | €0.050907 | | 17/09/2026 | 30/09/2026 | €0.050594 | | 20/08/2026 | 02/09/2026 | €0.062529 | | 16/07/2026 | 29/07/2026 | €0.049474 | | 18/06/2026 | 01/07/2026 | €0.049786 | | 21/05/2026 | 03/06/2026 | €0.062354 | | 16/04/2026 | 29/04/2026 | €0.045815 | | 19/03/2026 | 01/04/2026 | €0.051936 | VETY declares its distributions in euros; what reaches an account in pounds depends on the exchange rate the platform uses. Distributions are not guaranteed: they can rise, fall or stop. Future dates are set and announced by the fund manager. 128 distributions are on record since 17/03/2016. ## 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 | -8.05% | -11.31% | income reinvested | | 3 years | -6.91% | -15.90% | price only | | 5 years | -23.64% | -40.39% | price only | Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Vanguard EUR Eurozone Government Bond UCITS ETF in pounds (price only, income paid out not included): 2022 −14.0%, 2023 +2.8%, 2024 −5.9%, 2025 +2.7%; 2026 to 13/11/2026 −8.2%. Returns of Vanguard EUR Eurozone Government Bond UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −7.7%; to 30/09/2025: +2.1%; to 30/09/2024: +2.5%; to 30/09/2023: −5.2%; to 30/09/2022: −15.1%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -14.0% | -21.3% | Price | | 2023 | +2.8% | -1.3% | Price | | 2024 | -5.9% | -9.1% | Price | | 2025 | +2.7% | -0.9% | Price | | 2026 to 13/11/2026 | -8.2% | -11.1% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.57% | -10.90% | | 3 years | 5.73% | -11.58% | | 5 years | 6.81% | -24.41% | ## Largest fall Volatility of Vanguard EUR Eurozone Government Bond UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 5.6% over 1 year, 5.7% over 3 years, 6.8% over 5 years. Largest fall in the price of Vanguard EUR Eurozone Government Bond UCITS ETF since November 2021, in pounds: −24.4% from 03/12/2021 to 30/10/2026. The lowest 12-month return of Vanguard EUR Eurozone Government Bond UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −16.6% (12 months to 04/11/2022); the highest was +5.4% (12 months to 27/02/2026). On 13/11/2026 the price of Vanguard EUR Eurozone Government Bond UCITS ETF was 24.2% below its highest weekly close since November 2021 (03/12/2021), in pounds. ## Charges compared with similar funds Ongoing charge of Vanguard EUR Eurozone Government Bond UCITS ETF 0.07% a year. Compared on 14/11/2026, 241 of the 311 other government bond funds charge more, 30 the same and 40 less (share classes counted once). ## Funds tracking the same index 3 funds track Bloomberg Euro Aggregate Treasury Index - EUR - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.06% to 0.07% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | HSBC Global Funds ICAV - Euro Government Bond UCITS ETF | 0.06% | -5.8% | — | — | | Vanguard EUR Eurozone Government Bond UCITS ETF (this fund) | 0.07% | -8.0% | — | — | | Vanguard EUR Eurozone Government Bond UCITS ETF Accum Shs Unhedged EUR | 0.07% | -7.4% | +2.1% | -15.3% | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.07%** 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, VETY holds 525 positions, according to its published holdings. The largest is French Republic Government Bond OAT 2.75% 25/02/2030 at 1.27% of the fund; the ten largest make up 9.2%. ### Top holdings Largest positions (as of 31/10/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | French Republic Government Bond OAT 2.75% 25/02/2030 | — | 1.27% | | 2 | French Republic Government Bond OAT 0.75% 25/05/2028 | — | 1.15% | | 3 | French Republic Government Bond OAT 0.00% 25/11/2031 | — | 0.95% | | 4 | French Republic Government Bond OAT 2.75% 25/02/2029 | — | 0.90% | | 5 | French Republic Government Bond OAT 0.00% 25/11/2029 | — | 0.85% | | 6 | Bundesschatzanweisungen 2.00% 16/12/2027 | — | 0.83% | | 7 | French Republic Government Bond OAT 0.50% 25/05/2029 | — | 0.81% | | 8 | French Republic Government Bond OAT 1.25% 25/05/2034 | — | 0.81% | | 9 | French Republic Government Bond OAT 0.00% 25/11/2030 | — | 0.79% | | 10 | French Republic Government Bond OAT 2.00% 25/11/2032 | — | 0.79% | ## 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 | |---|---| | France | 23.8% | | Italy | 21.5% | | Germany | 19.5% | | Spain | 14.3% | | Belgium | 5.0% | | Netherlands | 4.1% | | Austria | 3.6% | | Portugal | 1.9% | | Other countries | 6.2% | | Not classified | 0.2% | ### By type of asset Added up from the fund’s published holdings, as of 30/09/2026. | Type of asset | Weight | |---|---| | Bonds | 99.8% | | Cash and money market | 0.2% | The 495 holdings on record (of 525 reported): https://fundology.uk/fund/vety/holdings ## Questions people ask **What is the ongoing charge of VETY?** The ongoing charge of VETY 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 Eurozone Government Bond UCITS ETF 0.07% a year. Compared on 14/11/2026, 241 of the 311 other government bond funds charge more, 30 the same and 40 less (share classes counted once). **What does VETY track?** VETY tracks the Bloomberg Euro Aggregate Treasury Index - EUR - Benchmark TR Net. **Is VETY accumulating or distributing?** VETY is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly. **When does VETY pay dividends?** VETY pays its income out monthly. In the 12 months to 14/11/2026 it went ex-dividend on 20/11/2025, 18/12/2025, 15/01/2026, 19/02/2026, 19/03/2026, 16/04/2026, 21/05/2026, 18/06/2026, 16/07/2026, 20/08/2026, 17/09/2026 and 15/10/2026. The latest distribution went ex-dividend on 15/10/2026 and was paid on 28/10/2026. Future dates are set and announced by the fund manager; distributions are not guaranteed and can change. **What is VETY’s dividend yield?** VETY has a distribution yield of 3.01% as at 31/10/2026. In UK fund terms, a distribution yield is the income expected to be paid over the next 12 months as a percentage of the price on that date — an estimate, not a promise. Yields change with the fund’s price and income; a yield describes the fund, not what any investor will receive. **What is the ISIN of VETY?** The ISIN of VETY is IE00BZ163H91. An ISIN identifies one exact share class of a fund; VETY is its ticker on the London Stock Exchange. The same share class is also listed as VGEB (Xetra, euros). **What does VETY hold?** As of 31/10/2026, VETY holds 525 positions, according to its published holdings. The largest is French Republic Government Bond OAT 2.75% 25/02/2030 at 1.27% of the fund; the ten largest make up 9.2%. Its ten largest holdings are French Republic Government Bond OAT 2.75% 25/02/2030 (1.27%), French Republic Government Bond OAT 0.75% 25/05/2028 (1.15%), French Republic Government Bond OAT 0.00% 25/11/2031 (0.95%), French Republic Government Bond OAT 2.75% 25/02/2029 (0.90%), French Republic Government Bond OAT 0.00% 25/11/2029 (0.85%), Bundesschatzanweisungen 2.00% 16/12/2027 (0.83%), French Republic Government Bond OAT 0.50% 25/05/2029 (0.81%), French Republic Government Bond OAT 1.25% 25/05/2034 (0.81%), French Republic Government Bond OAT 0.00% 25/11/2030 (0.79%) and French Republic Government Bond OAT 2.00% 25/11/2032 (0.79%). **What were VETY’s returns in each of the last five years?** Calendar-year returns of VETY in pounds (price only, income paid out not included): 2022 −14.0%, 2023 +2.8%, 2024 −5.9%, 2025 +2.7%; 2026 to 13/11/2026 −8.2%. Past performance is not a guide to future returns. **How has VETY done after inflation?** Over the five years to 13/11/2026 VETY’s price changed by −23.6% (income paid out is not included), or −40.4% 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/9660/eur-eurozone-government-bond-ucits-etf-eur-distributing) - [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie00bz163h91-en.pdf) - [Factsheet](https://fund-docs.vanguard.com/EUR_Eurozone_Government_Bond_UCITS_ETF_EUR_Distributing_9660_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.