# Vanguard FTSE Developed Europe UCITS ETF Accum EUR (VEUA)

**Page:** https://fundology.uk/fund/veua · ISIN IE00BK5BQX27

## 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, VEUA (Vanguard FTSE Developed Europe UCITS ETF Accum EUR, ISIN IE00BK5BQX27) closed at £51.77 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 13/11/2026 its total return was +55.8%, or +21.6% after UK CPIH inflation.

## Summary

Vanguard FTSE Developed Europe UCITS ETF Accum EUR is an exchange-traded fund (ETF) from Vanguard, launched in 2019. It tracks the FTSE Developed Europe Index — large and medium-sized European companies. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.1% a year — about £10 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: **£51.77** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | VEUA |
| ISIN | IE00BK5BQX27 |
| Also listed as | VWCG (London Stock Exchange, US dollars) |
| Category | European shares |
| Type | ETF |
| Provider | Vanguard |
| Tracks | FTSE Developed Europe Index |
| Income | Accumulating |
| Ongoing charge | 0.10% a year (£10 per £10,000) |
| Fund size | £2.8bn |
| Launched | 2019 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 23/07/2019 |

## 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 | +11.40% | +7.45% | income reinvested |
| 3 years | +55.21% | +40.22% | income reinvested |
| 5 years | +55.78% | +21.60% | income reinvested |

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

## Calendar-year returns

Calendar-year returns of Vanguard FTSE Developed Europe UCITS ETF Accum EUR in pounds (price, with income reinvested in the fund): 2022 −4.2%, 2023 +13.5%, 2024 +4.7%, 2025 +26.6%; 2026 to 13/11/2026 +9.6%. Returns of Vanguard FTSE Developed Europe UCITS ETF Accum EUR in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +12.3%; to 30/09/2025: +16.4%; to 30/09/2024: +15.9%; to 30/09/2023: +18.2%; to 30/09/2022: −8.6%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -4.2% | -12.3% | Price |
| 2023 | +13.5% | +8.9% | Price |
| 2024 | +4.7% | +1.1% | Price |
| 2025 | +26.6% | +22.3% | Price |
| 2026 to 13/11/2026 | +9.6% | +6.1% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 13.39% | -10.59% |
| 3 years | 12.04% | -10.59% |
| 5 years | 13.64% | -15.24% |

## Largest fall

Volatility of Vanguard FTSE Developed Europe UCITS ETF Accum EUR in pounds, annualised from weekly returns to 13/11/2026: 13.4% over 1 year, 12.0% over 3 years, 13.6% over 5 years. Largest fall in the price of Vanguard FTSE Developed Europe UCITS ETF Accum EUR since November 2021, in pounds: −14.1% from 31/12/2021 to 14/10/2022. The lowest 12-month return of Vanguard FTSE Developed Europe UCITS ETF Accum EUR in pounds (price, with income reinvested in the fund) since January 2021 was −11.2% (12 months to 14/10/2022); the highest was +30.1% (12 months to 10/04/2026). On 13/11/2026 the price of Vanguard FTSE Developed Europe UCITS ETF Accum EUR was 1.6% below its highest weekly close since November 2021 (07/08/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Vanguard FTSE Developed Europe UCITS ETF Accum EUR 0.10% a year. Compared on 14/11/2026, 206 of the 242 other European share funds charge more, 17 the same and 19 less (share classes counted once).

## Funds tracking the same index

2 funds track FTSE Developed Europe Index, this one included and share classes counted once; their ongoing charges range from 0.10% to 0.10% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Vanguard FTSE Developed Europe UCITS ETF | 0.10% | +11.4% | +55.2% | +55.8% |
| Vanguard FTSE Developed Europe UCITS ETF Accum EUR (this fund) | 0.10% | +11.4% | +55.2% | +55.8% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.10%** 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, VEUA holds 546 positions, according to its published holdings. The largest is ASML at 4.22% of the fund; the ten largest make up 21.2%.

### Top holdings

Largest positions (as of 31/10/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | ASML | [ASML](https://fundology.uk/stock/ASML) | 4.22% |
| 2 | Roche | [RO](https://fundology.uk/stock/RO) | 2.49% |
| 3 | Shell | [SHEL](https://fundology.uk/stock/SHEL) | 2.19% |
| 4 | Novartis | [NOVN](https://fundology.uk/stock/NOVN) | 2.10% |
| 5 | HSBC | [HSBA](https://fundology.uk/stock/HSBA) | 2.04% |
| 6 | AstraZeneca | [AZN](https://fundology.uk/stock/AZN) | 1.94% |
| 7 | Nestle | [NESN](https://fundology.uk/stock/NESN) | 1.84% |
| 8 | SAP | [SAP](https://fundology.uk/stock/SAP) | 1.60% |
| 9 | Siemens | [SIE](https://fundology.uk/stock/SIE) | 1.49% |
| 10 | TotalEnergies | [TTE](https://fundology.uk/stock/TTE) | 1.33% |

## 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 31/10/2026.

| Sector | Weight |
|---|---|
| Financials | 24.4% |
| Industrials | 17.6% |
| Health Care | 13.7% |
| Consumer Staples | 8.7% |
| Information Technology | 8.3% |
| Consumer Discretionary | 6.1% |
| Energy | 6.0% |
| Materials | 5.4% |
| Other sectors | 8.4% |
| Not classified | 0.6% |

### By country

Added up from the fund’s published holdings, as of 31/10/2026.

| Country | Weight |
|---|---|
| United Kingdom | 22.9% |
| Switzerland | 15.0% |
| France | 13.7% |
| Germany | 13.2% |
| Netherlands | 7.9% |
| Spain | 5.8% |
| Italy | 5.2% |
| Sweden | 5.1% |
| Other countries | 9.9% |
| Not classified | 0.5% |

### By type of asset

Added up from the fund’s published holdings, as of 31/10/2026.

| Type of asset | Weight |
|---|---|
| Equity | 98.7% |
| Cash and money market | 0.5% |

The 471 holdings on record (of 546 reported): https://fundology.uk/fund/veua/holdings

## Questions people ask

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

The ongoing charge of VEUA is 0.10% a year — about £10 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 FTSE Developed Europe UCITS ETF Accum EUR 0.10% a year. Compared on 14/11/2026, 206 of the 242 other European share funds charge more, 17 the same and 19 less (share classes counted once).

**What does VEUA track?**

VEUA tracks the FTSE Developed Europe Index — large and medium-sized European companies.

**Is VEUA accumulating or distributing?**

VEUA 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 VEUA?**

The ISIN of VEUA is IE00BK5BQX27. An ISIN identifies one exact share class of a fund; VEUA is its ticker on the London Stock Exchange. The same share class is also listed as VWCG (London Stock Exchange, US dollars).

**What does VEUA hold?**

As of 31/10/2026, VEUA holds 546 positions, according to its published holdings. The largest is ASML at 4.22% of the fund; the ten largest make up 21.2%. Its ten largest holdings are ASML (4.22%), Roche (2.49%), Shell (2.19%), Novartis (2.10%), HSBC (2.04%), AstraZeneca (1.94%), Nestle (1.84%), SAP (1.60%), Siemens (1.49%) and TotalEnergies (1.33%).

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

Calendar-year returns of VEUA in pounds (price, with income reinvested in the fund): 2022 −4.2%, 2023 +13.5%, 2024 +4.7%, 2025 +26.6%; 2026 to 13/11/2026 +9.6%. Past performance is not a guide to future returns.

**How has VEUA done after inflation?**

Over the five years to 13/11/2026 VEUA’s total return was +55.8%, or +21.6% 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/equity/9681/ftse-developed-europe-ucits-etf-eur-accumulating)
- [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie00bk5bqx27-en.pdf)
- [Factsheet](https://fund-docs.vanguard.com/FTSE_Developed_Europe_UCITS_ETF_EUR_Accumulating_9681_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.