# Vanguard Global Government Bond UCITS ETF Accum-Hedged- USD (VGGU)

**Page:** https://fundology.uk/fund/vggu · ISIN IE0006YIB0U2

## 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, VGGU (Vanguard Global Government Bond UCITS ETF Accum-Hedged- USD, ISIN IE0006YIB0U2) closed at $5.10 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 −0.9%, or −4.5% after UK CPIH inflation.

## Summary

Vanguard Global Government Bond UCITS ETF Accum-Hedged- USD is an exchange-traded fund (ETF) from Vanguard, launched in 2025. It tracks the Bloomberg Global Treasury Developed Countries Float Adjusted Index - USD - 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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you. It is currency-hedged to US dollars, not to the pound: it aims to remove most of the effect of exchange-rate moves against US dollars, so a holder who counts in pounds still has currency risk.

Latest close: **$5.10** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | VGGU |
| ISIN | IE0006YIB0U2 |
| Category | Government bonds |
| Type | ETF |
| Provider | Vanguard |
| Tracks | Bloomberg Global Treasury Developed Countries Float Adjusted Index - USD - Benchmark TR Net Hedged |
| Income | Accumulating |
| Ongoing charge | 0.10% a year (£10 per £10,000) |
| Fund size | £6.9m |
| Launched | 2025 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 25/03/2025 |

## 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 | -0.94% | -4.45% | income reinvested |

Returns: as reported (delayed data). Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Vanguard Global Government Bond UCITS ETF Accum-Hedged- USD in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +0.6%. Returns of Vanguard Global Government Bond UCITS ETF Accum-Hedged- USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −1.0%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2026 to 13/11/2026 | +0.6% | -2.6% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 6.19% | -4.85% |

## Largest fall

Volatility of Vanguard Global Government Bond UCITS ETF Accum-Hedged- USD in pounds, annualised from weekly returns to 13/11/2026: 6.2% over 1 year. Largest fall in the price of Vanguard Global Government Bond UCITS ETF Accum-Hedged- USD since March 2025, in pounds: −5.4% from 04/04/2025 to 27/06/2025. On 13/11/2026 the price of Vanguard Global Government Bond UCITS ETF Accum-Hedged- USD was 2.4% below its highest weekly close since March 2025 (31/10/2025), in pounds.

## Charges compared with similar funds

Ongoing charge of Vanguard Global Government Bond UCITS ETF Accum-Hedged- USD 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).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.10%** per year (as of 16/10/2026)
- 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, VGGU 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%.

### Top holdings

Largest positions (as of 31/10/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | French Republic Government Bond OAT 2.40% 24/09/2028 | — | 0.64% |
| 2 | Italy Buoni Poliennali Del Tesoro 3.45% 15/07/2031 | — | 0.54% |
| 3 | Spain Government Bond 2.40% 31/05/2028 | — | 0.53% |
| 4 | French Republic Government Bond OAT 0.00% 25/11/2030 | — | 0.51% |
| 5 | Spain Government Bond 3.10% 30/07/2031 | — | 0.51% |
| 6 | United States Treasury Note/Bond 3.75% 30/04/2028 | — | 0.47% |
| 7 | French Republic Government Bond OAT 2.70% 25/02/2031 | — | 0.44% |
| 8 | United States Treasury Note/Bond 4.625% 15/02/2035 | — | 0.44% |
| 9 | United States Treasury Note/Bond 3.875% 15/08/2034 | — | 0.42% |
| 10 | United States Treasury Note/Bond 4.125% 30/06/2028 | — | 0.42% |

## Where it invests

Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed.

### By country

Added up from the fund’s published holdings, as of 31/10/2026.

| Country | Weight |
|---|---|
| United States | 47.5% |
| Japan | 10.3% |
| France | 6.8% |
| Italy | 6.4% |
| United Kingdom | 6.3% |
| Germany | 5.8% |
| Spain | 4.3% |
| Canada | 2.2% |
| Other countries | 9.5% |
| Not classified | 0.4% |

### By type of asset

Added up from the fund’s published holdings, as of 31/10/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 99.1% |
| Cash and money market | 0.4% |

The 1,007 holdings on record (of 1,186 reported): https://fundology.uk/fund/vggu/holdings

## Questions people ask

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

The ongoing charge of VGGU 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 Accum-Hedged- USD 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 VGGU track?**

VGGU tracks the Bloomberg Global Treasury Developed Countries Float Adjusted Index - USD - Benchmark TR Net Hedged.

**Is VGGU accumulating or distributing?**

VGGU is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.

**What is the ISIN of VGGU?**

The ISIN of VGGU is IE0006YIB0U2. An ISIN identifies one exact share class of a fund; VGGU is its ticker on the London Stock Exchange.

**What does VGGU hold?**

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

Calendar-year returns of VGGU in pounds (price, with income reinvested in the fund): 2026 to 13/11/2026 +0.6%. Past performance is not a guide to future returns.

**How has VGGU done after inflation?**

Over the year to 13/11/2026 VGGU’s total return was −0.9%, or −4.5% 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/E074/global-government-bond-ucits-etf-usd-hedged-accumulating)
- [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie0006yib0u2-en.pdf)
- [Factsheet](https://fund-docs.vanguard.com/Global_Government_Bond_UCITS_ETF_USD_Hedged_Accumulating_E074_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.