# Vanguard USD Corporate 1-3 year Bond UCITS ETF Hedged GBP (VGCA) **Page:** https://fundology.uk/fund/vgca · ISIN IE00BGYWSZ44 ## 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, VGCA (Vanguard USD Corporate 1-3 year Bond UCITS ETF Hedged GBP, ISIN IE00BGYWSZ44) closed at £49.97 on the London Stock Exchange. Its ongoing charge is 0.12% a year (about £12 on £10,000). Over the year to 13/11/2026 its total return was +2.1%, or −1.5% after UK CPIH inflation. ## Summary Vanguard USD Corporate 1-3 year Bond UCITS ETF Hedged GBP is an exchange-traded fund (ETF) from Vanguard, launched in 2024. It tracks the Bloomberg Global Aggregate Corporate (1-3 Y) (USD). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.12% a year — about £12 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. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£49.97** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | VGCA | | ISIN | IE00BGYWSZ44 | | Category | Corporate & other bonds | | Type | ETF | | Provider | Vanguard | | Tracks | Bloomberg Global Aggregate Corporate (1-3 Y) (USD) | | Income | Distributing | | Ongoing charge | 0.12% a year (£12 per £10,000) | | Fund size | £51.6m | | Launched | 2024 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 02/04/2024 | ## 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 | +2.08% | -1.54% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Vanguard USD Corporate 1-3 year Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included): 2025 +0.7%; 2026 to 13/11/2026 −2.0%. Returns of Vanguard USD Corporate 1-3 year Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −2.4%; to 30/09/2025: −0.2%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2025 | +0.7% | -2.7% | Price | | 2026 to 13/11/2026 | -2.0% | -5.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 1.72% | -2.51% | ## Largest fall Volatility of Vanguard USD Corporate 1-3 year Bond UCITS ETF Hedged GBP in pounds, annualised from weekly returns to 13/11/2026: 1.7% over 1 year. Largest fall in the price of Vanguard USD Corporate 1-3 year Bond UCITS ETF Hedged GBP since April 2024, in pounds: −2.5% from 13/02/2026 to 16/10/2026. The lowest 12-month return of Vanguard USD Corporate 1-3 year Bond UCITS ETF Hedged GBP in pounds (price only, income paid out not included) since April 2024 was −2.3% (12 months to 02/10/2026); the highest was +1.7% (12 months to 04/04/2025). On 13/11/2026 the price of Vanguard USD Corporate 1-3 year Bond UCITS ETF Hedged GBP was 2.4% below its highest weekly close since April 2024 (27/09/2024), in pounds. ## Charges compared with similar funds Ongoing charge of Vanguard USD Corporate 1-3 year Bond UCITS ETF Hedged GBP 0.12% a year. Compared on 14/11/2026, 349 of the 427 other corporate and other bond funds charge more, 26 the same and 52 less (share classes counted once). ## Funds tracking the same index 3 funds track Bloomberg Global Aggregate Corporate (1-3 Y) (USD), this one included and share classes counted once; their ongoing charges range from 0.09% to 0.12% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Vanguard USD Corporate 1-3 Year Bond UCITS ETF | 0.09% | +0.5% | — | — | | Vanguard USD Corporate 1-3 Year Bond UCITS ETF Acc | 0.09% | +1.6% | +7.5% | +16.2% | | Vanguard USD Corporate 1-3 year Bond UCITS ETF Hedged GBP (this fund) | 0.12% | +2.1% | — | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.12%** 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 31/10/2026, VGCA holds 2,244 positions, according to its published holdings. The largest is Cash and cash equivalents at 1.91% of the fund; the ten largest make up 3.9%. ### Top holdings Largest positions (as of 31/10/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | Cash and cash equivalents | — | 1.91% | | 2 | Bank of America Corp 3.419% 20/12/2028 | — | 0.31% | | 3 | CVS Health Corp 4.30% 25/03/2028 | — | 0.23% | | 4 | HSBC Holdings PLC 3.973% 22/05/2030 | — | 0.22% | | 5 | Pfizer Investment Enterprises Pte Ltd 4.45% 19/05/2028 | — | 0.22% | | 6 | Wells Fargo & Co 5.574% 25/07/2029 | — | 0.21% | | 7 | Bank of America Corp 5.202% 25/04/2029 | — | 0.20% | | 8 | Goldman Sachs Group Inc/The 4.223% 01/05/2029 | — | 0.20% | | 9 | JPMorgan Chase & Co 4.408% 23/04/2030 | — | 0.19% | | 10 | Medline Borrower LP 3.875% 01/04/2029 | — | 0.19% | ## 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 | 31.0% | | Information Technology | 5.1% | | Industrials | 4.7% | | Health Care | 4.7% | | Consumer Discretionary | 3.9% | | Utilities | 3.4% | | Consumer Staples | 2.7% | | Communication Services | 2.3% | | Other sectors | 5.1% | | Not classified | 36.9% | ### By country Added up from the fund’s published holdings, as of 30/09/2026. | Country | Weight | |---|---| | United States | 71.3% | | United Kingdom | 4.5% | | Canada | 3.4% | | Japan | 2.9% | | France | 2.3% | | Cayman Islands | 1.8% | | Australia | 1.6% | | Netherlands | 1.3% | | Other countries | 8.7% | | Not classified | 1.8% | ### By type of asset Added up from the fund’s published holdings, as of 30/09/2026. | Type of asset | Weight | |---|---| | Bonds | 97.9% | | Cash and money market | 1.8% | The 2,125 holdings on record (of 2,244 reported): https://fundology.uk/fund/vgca/holdings ## Questions people ask **What is the ongoing charge of VGCA?** The ongoing charge of VGCA is 0.12% a year — about £12 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 USD Corporate 1-3 year Bond UCITS ETF Hedged GBP 0.12% a year. Compared on 14/11/2026, 349 of the 427 other corporate and other bond funds charge more, 26 the same and 52 less (share classes counted once). **What does VGCA track?** VGCA tracks the Bloomberg Global Aggregate Corporate (1-3 Y) (USD). **Is VGCA accumulating or distributing?** VGCA is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly. **What is the ISIN of VGCA?** The ISIN of VGCA is IE00BGYWSZ44. An ISIN identifies one exact share class of a fund; VGCA is its ticker on the London Stock Exchange. **What does VGCA hold?** As of 31/10/2026, VGCA holds 2,244 positions, according to its published holdings. The largest is Cash and cash equivalents at 1.91% of the fund; the ten largest make up 3.9%. Its ten largest holdings are Cash and cash equivalents (1.91%), Bank of America Corp 3.419% 20/12/2028 (0.31%), CVS Health Corp 4.30% 25/03/2028 (0.23%), HSBC Holdings PLC 3.973% 22/05/2030 (0.22%), Pfizer Investment Enterprises Pte Ltd 4.45% 19/05/2028 (0.22%), Wells Fargo & Co 5.574% 25/07/2029 (0.21%), Bank of America Corp 5.202% 25/04/2029 (0.20%), Goldman Sachs Group Inc/The 4.223% 01/05/2029 (0.20%), JPMorgan Chase & Co 4.408% 23/04/2030 (0.19%) and Medline Borrower LP 3.875% 01/04/2029 (0.19%). **What were VGCA’s returns in each of the last five years?** Calendar-year returns of VGCA in pounds (price only, income paid out not included): 2025 +0.7%; 2026 to 13/11/2026 −2.0%. Past performance is not a guide to future returns. **How has VGCA done after inflation?** Over the year to 13/11/2026 VGCA’s total return was +2.1%, or −1.5% 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/E062/usd-corporate-1-3-year-bond-ucits-etf-gbp-hedged-dist) - [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie00bgywsz44-en.pdf) - [Factsheet](https://fund-docs.vanguard.com/USD_Corporate_1-3_Year_Bond_UCITS_ETF_GBP_Hedged_Distributing_E062_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.