# Vanguard FTSE Developed Europe UCITS ETF (VEUR)

**Page:** https://fundology.uk/fund/veur · ISIN IE00B945VV12

## 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, VEUR (Vanguard FTSE Developed Europe UCITS ETF, ISIN IE00B945VV12) closed at £42.93 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 is an exchange-traded fund (ETF) from Vanguard, launched in 2013. 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 paid out to holders as cash, usually a few times a year.

Latest close: **£42.93** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | VEUR |
| ISIN | IE00B945VV12 |
| Also listed as | VEUD (London Stock Exchange, US dollars), VGEU (Xetra, euros) |
| Category | European shares |
| Type | ETF |
| Provider | Vanguard |
| Tracks | FTSE Developed Europe Index |
| Income | Distributing |
| Ongoing charge | 0.10% a year (£10 per £10,000) |
| Fund size | £4.2bn |
| Launched | 2013 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 22/04/2013 |

## 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 VEUR was €0.194411 per share: it went ex-dividend on 17/09/2026 and was paid on 30/09/2026. In the 12 months to 14/11/2026 VEUR declared 4 distributions, together €1.32485 per share. VEUR has a distribution yield of 2.65% as at 31/10/2026.

Latest distributions of VEUR per share, as of 14/11/2026:

| Ex-dividend date | Payment date | Amount per share |
|---|---|---|
| 17/09/2026 | 30/09/2026 | €0.194411 |
| 18/06/2026 | 01/07/2026 | €0.781376 |
| 19/03/2026 | 01/04/2026 | €0.181504 |
| 18/12/2025 | 31/12/2025 | €0.167559 |
| 18/09/2025 | 01/10/2025 | €0.160877 |
| 19/06/2025 | 02/07/2025 | €0.763037 |
| 20/03/2025 | 02/04/2025 | €0.18716 |
| 12/12/2024 | 27/12/2024 | €0.154193 |

VEUR 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. 54 distributions are on record since 19/06/2013.

## 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 in pounds (price only, income paid out not included): 2022 −7.4%, 2023 +10.0%, 2024 +1.5%, 2025 +22.8%; 2026 to 13/11/2026 +7.1%. Returns of Vanguard FTSE Developed Europe UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +9.3%; to 30/09/2025: +12.9%; to 30/09/2024: +12.5%; to 30/09/2023: +14.5%; to 30/09/2022: −12.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -7.4% | -15.3% | Price |
| 2023 | +10.0% | +5.7% | Price |
| 2024 | +1.5% | -1.9% | Price |
| 2025 | +22.8% | +18.6% | Price |
| 2026 to 13/11/2026 | +7.1% | +3.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 13.53% | -10.94% |
| 3 years | 12.38% | -10.94% |
| 5 years | 14.06% | -18.39% |

## Largest fall

Volatility of Vanguard FTSE Developed Europe UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 13.5% over 1 year, 12.4% over 3 years, 14.1% over 5 years. Largest fall in the price of Vanguard FTSE Developed Europe UCITS ETF since November 2021, in pounds: −17.1% from 19/11/2021 to 14/10/2022. The lowest 12-month return of Vanguard FTSE Developed Europe UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −14.5% (12 months to 14/10/2022); the highest was +26.4% (12 months to 10/04/2026). On 13/11/2026 the price of Vanguard FTSE Developed Europe UCITS ETF was 2.0% 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 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 (this fund) | 0.10% | +11.4% | +55.2% | +55.8% |
| Vanguard FTSE Developed Europe UCITS ETF Accum EUR | 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, VEUR 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/veur/holdings

## Questions people ask

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

The ongoing charge of VEUR 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 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 VEUR track?**

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

**Is VEUR accumulating or distributing?**

VEUR is distributing: income is paid out to holders as cash, usually a few times a year. It pays out quarterly.

**When does VEUR pay dividends?**

VEUR pays its income out quarterly. In the 12 months to 14/11/2026 it went ex-dividend on 18/12/2025, 19/03/2026, 18/06/2026 and 17/09/2026. The latest distribution went ex-dividend on 17/09/2026 and was paid on 30/09/2026. Future dates are set and announced by the fund manager; distributions are not guaranteed and can change.

**What is VEUR’s dividend yield?**

VEUR has a distribution yield of 2.65% 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 VEUR?**

The ISIN of VEUR is IE00B945VV12. An ISIN identifies one exact share class of a fund; VEUR is its ticker on the London Stock Exchange. The same share class is also listed as VEUD (London Stock Exchange, US dollars) and VGEU (Xetra, euros).

**What does VEUR hold?**

As of 31/10/2026, VEUR 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 VEUR’s returns in each of the last five years?**

Calendar-year returns of VEUR in pounds (price only, income paid out not included): 2022 −7.4%, 2023 +10.0%, 2024 +1.5%, 2025 +22.8%; 2026 to 13/11/2026 +7.1%. Past performance is not a guide to future returns.

**How has VEUR done after inflation?**

Over the five years to 13/11/2026 VEUR’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/9520/ftse-developed-europe-ucits-etf-eur-distributing)
- [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie00b945vv12-en.pdf)
- [Factsheet](https://fund-docs.vanguard.com/FTSE_Developed_Europe_UCITS_ETF_EUR_Distributing_9520_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.