ETF · Vanguard
VGGP Vanguard Global Government Bond UCITS ETF -Hedged- GBP
ISIN IE000A2E14U6London Stock Exchange: VGGPThe Vanguard Group, Inc.
- Government bonds
- ETF
- ISA
- SIPP
- Distributing
- GBP hedged
Latest close
LSE£4.84
on
- Ongoing charge
- 0.10% a year
- Fund size
- £2.8m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, VGGP (Vanguard Global Government Bond UCITS ETF -Hedged- GBP, ISIN IE000A2E14U6) closed at £4.84 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the year to 13/11/2026 its total return was −0.6%, or −4.1% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −0.6%
- −4.1% after inflation (UK CPIH)
Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Vanguard Global Government Bond UCITS ETF -Hedged- GBP in pounds (price only, income paid out not included): 2026 to 13/11/2026 −3.8%. Returns of Vanguard Global Government Bond UCITS ETF -Hedged- GBP in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −5.4%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −3.8% | −6.8% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −5.4% | −8.8% |
As of , inflation: UK CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
3.7%over 1 year
Annualised from weekly returns. Higher means bumpier.
- Largest fall since March 2025
- −6.1%
- From to
- Below its highest weekly close since March 2025
- 5.2%
- High of , latest
In words: Volatility of Vanguard Global Government Bond UCITS ETF -Hedged- GBP in pounds, annualised from weekly returns to 13/11/2026: 3.7% over 1 year. Largest fall in the price of Vanguard Global Government Bond UCITS ETF -Hedged- GBP since March 2025, in pounds: −6.1% from 27/02/2026 to 25/09/2026. On 13/11/2026 the price of Vanguard Global Government Bond UCITS ETF -Hedged- GBP was 5.2% below its highest weekly close since March 2025 (27/02/2026), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.10%
- a year
- On £10,000
- £10
- a year, roughly
- Over five years
- £50
- of £10,000, before growth
- 88 charge less
- 39 the same
- 184 charge more
Ongoing charge of Vanguard Global Government Bond UCITS ETF -Hedged- GBP 0.10% a year. Compared on 14/11/2026, 184 of the 311 other government bond funds charge more, 39 the same and 88 less (share classes counted once).
As of
A lower charge is not a promise of a higher return: what the fund holds matters more.
As of
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Vanguard Global Government Bond UCITS ETF -Hedged- GBP is an exchange-traded fund (ETF) from Vanguard, launched in 2025.
It tracks the Bloomberg Global Treasury Developed Countries Float Adjusted Index - GBP - 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 0.1% 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.
It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- VGGP
- ISIN
- IE000A2E14U6
- Provider
- Vanguard
- Tracks
- Bloomberg Global Treasury Developed Countries Float Adjusted Index - GBP - Benchmark TR Net Hedged
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid monthly
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.10% a year · about £10 on £10,000
- Fund size
- £2.8m
- Launched
- Domicile
- Ireland
- UK reporting fund status
- Yes — on HMRC’s list of reporting funds (list of )
- Reporting fund since . What reporting fund status means
- Can usually be held in
- ISA and SIPP
- Check with your platform: each decides which funds it offers.
- Currency hedged
- Yes, to pounds
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Income and distributions
As of , the latest distribution of VGGP was £0.012222 per share: it went ex-dividend on and was paid on . In the 12 months to VGGP declared 12 distributions, together £0.168286 per share. VGGP has a distribution yield of 3.46% as at .
- Latest distribution
- £0.012222
- per share, ex-dividend
- 12 months to
- £0.168286
- per share, from 12 distributions
- Distribution yield
- 3.46%
- as at
| Ex-dividend date | Payment date | Amount per share |
|---|---|---|
| £0.012222 | ||
| £0.013518 | ||
| £0.016541 | ||
| £0.012831 | ||
| £0.013971 | ||
| £0.016088 | ||
| £0.012648 | ||
| £0.013209 |
Distributions are not guaranteed: they can rise, fall or stop. Future dates are set and announced by the fund manager. 19 distributions are on record since .
As of
Price chart
Over the last year, the closing price went from £5.07 on 14/11/2025 to £4.84 on 13/11/2026 (−4.5%). The lowest close shown was £4.79 on 25/09/2026 and the highest £5.10 on 27/02/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Weeks missing from our record are filled from the same history. Price only — income paid out is not included, so the line can end below the total return above.
As of , at least 15 min delayed
Five years of prices, and after inflation
86 weekly closes, from 28/03/2025 to 13/11/2026. The same history in November 2026 pounds, adjusted with CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
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How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 1,007
- 1,186 reported in all
- Ten largest
- 4.9%
- of the whole fund
- Effective number of holdings
- 528
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 0.6%
- French Republic Government Bond OAT 2.40% 24/09/2028
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | French Republic Government Bond OAT 2.40% 24/09/2028France | 0.64% |
| 2 | Italy Buoni Poliennali Del Tesoro 3.45% 15/07/2031Italy | 0.54% |
| 3 | Spain Government Bond 2.40% 31/05/2028Spain | 0.53% |
| 4 | French Republic Government Bond OAT 0.00% 25/11/2030France | 0.51% |
| 5 | Spain Government Bond 3.10% 30/07/2031Spain | 0.51% |
| 6 | United States Treasury Note/Bond 3.75% 30/04/2028United States | 0.47% |
| 7 | French Republic Government Bond OAT 2.70% 25/02/2031France | 0.44% |
| 8 | United States Treasury Note/Bond 4.625% 15/02/2035United States | 0.44% |
| 9 | United States Treasury Note/Bond 3.875% 15/08/2034United States | 0.42% |
| 10 | United States Treasury Note/Bond 4.125% 30/06/2028United States | 0.42% |
As of , holdings as published
Where it invests
The portfolio by sector, country and type of asset, as a share of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.
By country
- United States47.5%
- Japan10.3%
- France6.8%
- Italy6.4%
- United Kingdom6.3%
- Germany5.8%
- Spain4.3%
- Canada2.2%
- Other countries9.5%
- Not classified0.4%
By type of asset
- Bonds99.1%
- Cash and money market0.4%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 100 largest and what changed since .
All holdings
The fund publishes 1,186 holdings; the ten largest make up 4.9% of it.
Create a free account to see the full holdings list
Sign-up takes an email address. There is no card to enter and nothing to pay.
Holdings:Compare what it holds with another fundHoldings overlapHow overlap is measured
Funds tracking the same index
2 funds track Bloomberg Global Treasury Developed Countries Float Adjusted Index - GBP - Benchmark TR Net Hedged, this one included and share classes counted once; their ongoing charges range from 0.10% to 0.10% a year (13/11/2026).
| Fund | Charge | 1 year |
|---|---|---|
| Vanguard Global Government Bond UCITS ETF -Hedged- GBPThis fundDistributing · Currency hedged · 0.10% a year | 0.10% | −0.6% |
| Vanguard Global Government Bond UCITS ETF Accum-Hedged- GBPAccumulating · Currency hedged · 0.10% a year | 0.10% | +0.2% |
As of
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1 year, from weekly returns in pounds.
With a free accountLargest falls and recoveries
The 2 largest falls since March 2025, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Questions people ask
What is the ongoing charge of VGGP?
The ongoing charge of VGGP 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 Global Government Bond UCITS ETF -Hedged- GBP 0.10% a year. Compared on 14/11/2026, 184 of the 311 other government bond funds charge more, 39 the same and 88 less (share classes counted once).
What does VGGP track?
VGGP tracks the Bloomberg Global Treasury Developed Countries Float Adjusted Index - GBP - Benchmark TR Net Hedged.
Is VGGP accumulating or distributing?
VGGP is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly.
When does VGGP pay dividends?
VGGP 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 VGGP’s dividend yield?
VGGP has a distribution yield of 3.46% 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 VGGP?
The ISIN of VGGP is IE000A2E14U6. An ISIN identifies one exact share class of a fund; VGGP is its ticker on the London Stock Exchange.
What does VGGP hold?
As of 31/10/2026, VGGP holds 1,186 positions, according to its published holdings. The largest is French Republic Government Bond OAT 2.40% 24/09/2028 at 0.64% of the fund; the ten largest make up 4.9%. Its ten largest holdings are French Republic Government Bond OAT 2.40% 24/09/2028 (0.64%), Italy Buoni Poliennali Del Tesoro 3.45% 15/07/2031 (0.54%), Spain Government Bond 2.40% 31/05/2028 (0.53%), French Republic Government Bond OAT 0.00% 25/11/2030 (0.51%), Spain Government Bond 3.10% 30/07/2031 (0.51%), United States Treasury Note/Bond 3.75% 30/04/2028 (0.47%), French Republic Government Bond OAT 2.70% 25/02/2031 (0.44%), United States Treasury Note/Bond 4.625% 15/02/2035 (0.44%), United States Treasury Note/Bond 3.875% 15/08/2034 (0.42%) and United States Treasury Note/Bond 4.125% 30/06/2028 (0.42%).
What were VGGP’s returns in each of the last five years?
Calendar-year returns of VGGP in pounds (price only, income paid out not included): 2026 to 13/11/2026 −3.8%. Past performance is not a guide to future returns.
How has VGGP done after inflation?
Over the year to 13/11/2026 VGGP’s total return was −0.6%, or −4.1% after UK CPIH inflation. Past performance is not a guide to future returns.
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Fund documents and methods
- Fund documents
- Fund page at Vanguard · Key investor information document (KIID) · Factsheet (links checked )
Methodology:ReturnsCategoriesAll methods
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