# Vanguard Global Government Bond UCITS ETF Accum-Hedged- GBP (VGGS) **Source:** https://fundology.uk/fund/vggs · ISIN IE000AI6QNJ5 · 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, VGGS (Vanguard Global Government Bond UCITS ETF Accum-Hedged- GBP, ISIN IE000AI6QNJ5) closed at £5.03 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 −5.5% after UK CPIH inflation. ## Summary Vanguard Global Government Bond UCITS ETF Accum-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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged: it aims to remove most of the effect of exchange-rate moves against the pound. Latest close: **£5.03** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | VGGS | | ISIN | IE000AI6QNJ5 | | Category | Government bonds | | Type | ETF | | Provider | Vanguard | | Tracks | Bloomberg Global Treasury Developed Countries Float Adjusted Index - EUR - Benchmark TR Net | | Income | Accumulating | | Ongoing charge | 0.10% a year (£10 per £10,000) | | Fund size | £35.7m | | 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 | -2.48% | -5.54% | income reinvested | Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Vanguard Global Government Bond UCITS ETF Accum-Hedged- GBP in pounds (price, with income reinvested in the fund): 2026 to 30/09/2026 −2.4%. Returns of Vanguard Global Government Bond UCITS ETF Accum-Hedged- GBP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −1.8%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2026 to 30/09/2026 | -2.4% | -5.2% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 3.38% | -4.32% | ## Largest fall Volatility of Vanguard Global Government Bond UCITS ETF Accum-Hedged- GBP in pounds, annualised from weekly returns to 30/09/2026: 3.4% over 1 year. Largest fall in the price of Vanguard Global Government Bond UCITS ETF Accum-Hedged- GBP since March 2025, in pounds: −4.3% from 27/02/2026 to 30/09/2026. On 30/09/2026 the price of Vanguard Global Government Bond UCITS ETF Accum-Hedged- GBP was 4.3% below its highest weekly close since March 2025 (27/02/2026), in pounds. ## Charges compared with similar funds Ongoing charge of Vanguard Global Government Bond UCITS ETF Accum-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 | 0.10% | -2.5% | — | — | | Vanguard Global Government Bond UCITS ETF Accum-Hedged- GBP (this fund) | 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/vggs/holdings --- 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.