# Vanguard Global Government Bond UCITS ETF -Hedged- GBP (VGGP)

**Source:** https://fundology.uk/fund/vggp · ISIN IE000A2E14U6 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS

## 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 30/09/2026, VGGP (Vanguard Global Government Bond UCITS ETF -Hedged- GBP, ISIN IE000A2E14U6) closed at £4.78 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the year to 30/09/2026 its total return was −2.5%, or −5.6% after UK CPIH inflation.

## Summary

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 - 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 0.1% 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.

Latest close: **£4.78** (30/09/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | VGGP |
| ISIN | IE000A2E14U6 |
| Category | Government bonds |
| Type | ETF |
| Provider | Vanguard |
| Tracks | Bloomberg Global Treasury Developed Countries Float Adjusted Index - EUR - Benchmark TR Net |
| Income | Distributing |
| Ongoing charge | 0.10% a year (£10 per £10,000) |
| Fund size | £1.4m |
| Launched | 2025 |
| Domicile | Ireland |

## Past returns (periods to 30/09/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | -2.49% | -5.55% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Charges compared with similar funds

Ongoing charge of Vanguard Global Government Bond UCITS ETF -Hedged- GBP 0.10% a year, as of 01/10/2026: 161 of the 274 other government bond funds charge more, 37 the same and 76 less (share classes counted once).

## Funds tracking the same index

2 funds track Bloomberg Global Treasury Developed Countries Float Adjusted Index - EUR - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.10% to 0.10% a year (30/09/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Vanguard Global Government Bond UCITS ETF -Hedged- GBP (this fund) | 0.10% | -2.5% | — | — |
| Vanguard Global Government Bond UCITS ETF Accum-Hedged- GBP | 0.10% | -2.5% | — | — |

Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.10%** per year
- ISA eligible: yes
- SIPP eligible: yes

## Top holdings

Largest positions (as of 31/08/2026):

| Holding | Weight |
|---|---|
| United States Treasury Note/Bond | 47.24% |
| French Republic Government Bond OAT | 7.60% |
| Italy Buoni Poliennali Del Tesoro | 6.88% |
| United Kingdom Gilt | 6.10% |
| Spain Government Bond | 4.20% |
| Bundesrepublik Deutschland Bundesanleihe | 3.60% |
| Japan Government Ten Year Bond | 2.64% |
| Japan Government Twenty Year Bond | 2.46% |
| Canadian Government Bond | 2.16% |
| Japan Government Five Year Bond | 2.07% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

### By country

Added up from the holdings Vanguard publishes, as of 31/08/2026.

| Country | Weight |
|---|---|
| United States | 47.2% |
| Japan | 9.9% |
| France | 7.6% |
| Italy | 6.9% |
| United Kingdom | 6.1% |
| Germany | 6.1% |
| Spain | 4.2% |
| Canada | 2.2% |
| Other countries | 9.7% |
| Not classified | 0.5% |

### By type of asset

Added up from the holdings Vanguard publishes, as of 31/08/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 99.8% |
| Cash and money market | 0.5% |

All 38 holdings: https://fundology.uk/fund/vggp/holdings

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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.