# Vanguard UK Gilt UCITS ETF (VGOV)

**Page:** https://fundology.uk/fund/vgov · ISIN IE00B42WWV65

## 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, VGOV (Vanguard UK Gilt UCITS ETF, ISIN IE00B42WWV65) closed at £15.27 on the London Stock Exchange. Its ongoing charge is 0.05% a year (about £5 on £10,000). Over the five years to 13/11/2026 its price changed by −27.1% (income paid out is not included), or −43.1% after UK CPIH inflation.

## Summary

Vanguard UK Gilt UCITS ETF is an exchange-traded fund (ETF) from Vanguard, launched in 2012. It tracks the Bloomberg Sterling Gilt Float Adjusted index - GBP - Benchmark TR Net — UK government bonds (gilts). You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.05% a year — about £5 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.

Latest close: **£15.27** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | VGOV |
| ISIN | IE00B42WWV65 |
| Category | Government bonds |
| Type | ETF |
| Provider | Vanguard |
| Tracks | Bloomberg Sterling Gilt Float Adjusted index - GBP - Benchmark TR Net |
| Income | Distributing |
| Ongoing charge | 0.05% a year (£5 per £10,000) |
| Fund size | £356m |
| Launched | 2012 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 24/05/2012 |

## Income and distributions

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 14/11/2026, the latest distribution of VGOV was £0.055664 per share: it went ex-dividend on 15/10/2026 and was paid on 28/10/2026. In the 12 months to 14/11/2026 VGOV declared 12 distributions, together £0.711209 per share. VGOV has a distribution yield of 4.65% as at 31/10/2026.

Latest distributions of VGOV per share, as of 14/11/2026:

| Ex-dividend date | Payment date | Amount per share |
|---|---|---|
| 15/10/2026 | 28/10/2026 | £0.055664 |
| 17/09/2026 | 30/09/2026 | £0.0552 |
| 20/08/2026 | 02/09/2026 | £0.068367 |
| 16/07/2026 | 29/07/2026 | £0.05483 |
| 18/06/2026 | 01/07/2026 | £0.054248 |
| 21/05/2026 | 03/06/2026 | £0.068939 |
| 16/04/2026 | 29/04/2026 | £0.054911 |
| 19/03/2026 | 01/04/2026 | £0.055172 |

Distributions are not guaranteed: they can rise, fall or stop. Future dates are set and announced by the fund manager. 173 distributions are on record since 27/06/2012.

## 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 | -1.77% | -5.25% | income reinvested |
| 3 years | +4.63% | -5.47% | price only |
| 5 years | -27.08% | -43.08% | price only |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Vanguard UK Gilt UCITS ETF in pounds (income reinvested to 10/07/2026, price only after): 2022 −27.0%, 2023 +3.3%, 2024 −4.6%, 2025 +4.7%; 2026 to 13/11/2026 −2.6%. Returns of Vanguard UK Gilt UCITS ETF in pounds (income reinvested to 10/07/2026, price only after) over the 12 months to 30/09/2026: −1.0%; to 30/09/2025: −2.0%; to 30/09/2024: +8.6%; to 30/09/2023: −3.8%; to 30/09/2022: −26.4%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -27.0% | -33.2% | Income reinvested |
| 2023 | +3.3% | -0.8% | Income reinvested |
| 2024 | -4.6% | -7.9% | Income reinvested |
| 2025 | +4.7% | +1.1% | Income reinvested |
| 2026 to 13/11/2026 | -2.6% | -5.7% | Partly income reinvested |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 6.32% | -6.27% |
| 3 years | 7.04% | -7.55% |
| 5 years | 10.52% | -35.83% |

## Largest fall

Volatility of Vanguard UK Gilt UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 6.3% over 1 year, 7.0% over 3 years, 10.5% over 5 years. Largest fall of Vanguard UK Gilt UCITS ETF since November 2021, in pounds (income reinvested to 10/07/2026, price only after): −35.8% from 10/12/2021 to 14/10/2022. The lowest 12-month return of Vanguard UK Gilt UCITS ETF in pounds (income reinvested to 10/07/2026, price only after) since July 2021 was −31.5% (12 months to 14/10/2022); the highest was +10.4% (12 months to 18/10/2024). On 13/11/2026 the price of Vanguard UK Gilt UCITS ETF was 29.3% below its highest weekly close since November 2021 (10/12/2021), in pounds (income reinvested to 10/07/2026, price only after).

## Charges compared with similar funds

Ongoing charge of Vanguard UK Gilt UCITS ETF 0.05% a year. Compared on 14/11/2026, 299 of the 311 other government bond funds charge more, 12 the same and 0 less (share classes counted once).

## Funds tracking the same index

2 funds track Bloomberg Sterling Gilt Float Adjusted index - GBP - Benchmark TR Net, this one included and share classes counted once; their ongoing charges range from 0.05% to 0.05% a year (13/11/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Vanguard UK Gilt UCITS ETF (this fund) | 0.05% | -1.8% | — | — |
| Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP | 0.05% | +1.2% | +18.0% | -13.9% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.05%** per year (as of 14/11/2026)
- 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, VGOV holds 72 positions, according to its published holdings. The largest is United Kingdom Gilt 4.375% 07/03/2028 at 5.27% of the fund; the ten largest make up 33.2%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | United Kingdom Gilt 4.375% 07/03/2028 | — | 5.27% |
| 2 | United Kingdom Gilt 4.375% 07/03/2030 | — | 3.84% |
| 3 | United Kingdom Gilt 4.50% 07/06/2028 | — | 3.49% |
| 4 | United Kingdom Gilt 4.125% 22/07/2029 | — | 3.39% |
| 5 | United Kingdom Gilt 4.00% 22/10/2031 | — | 3.09% |
| 6 | United Kingdom Gilt 4.75% 22/10/2035 | — | 2.98% |
| 7 | United Kingdom Gilt 4.00% 22/05/2029 | — | 2.93% |
| 8 | United Kingdom Gilt 4.50% 07/03/2035 | — | 2.85% |
| 9 | United Kingdom Gilt 4.125% 07/03/2031 | — | 2.82% |
| 10 | United Kingdom Gilt 4.625% 31/01/2034 | — | 2.57% |

## Where it invests

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

### By type of asset

Added up from the fund’s published holdings, as of 30/09/2026.

| Type of asset | Weight |
|---|---|
| Bonds | 99.4% |
| Cash and money market | 0.6% |

The 67 holdings on record (of 72 reported): https://fundology.uk/fund/vgov/holdings

## Questions people ask

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

The ongoing charge of VGOV is 0.05% a year — about £5 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 UK Gilt UCITS ETF 0.05% a year. Compared on 14/11/2026, 299 of the 311 other government bond funds charge more, 12 the same and 0 less (share classes counted once).

**What does VGOV track?**

VGOV tracks the Bloomberg Sterling Gilt Float Adjusted index - GBP - Benchmark TR Net — UK government bonds (gilts).

**Is VGOV accumulating or distributing?**

VGOV is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly.

**When does VGOV pay dividends?**

VGOV 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 VGOV’s dividend yield?**

VGOV has a distribution yield of 4.65% 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 VGOV?**

The ISIN of VGOV is IE00B42WWV65. An ISIN identifies one exact share class of a fund; VGOV is its ticker on the London Stock Exchange.

**What does VGOV hold?**

As of 31/10/2026, VGOV holds 72 positions, according to its published holdings. The largest is United Kingdom Gilt 4.375% 07/03/2028 at 5.27% of the fund; the ten largest make up 33.2%. Its ten largest holdings are United Kingdom Gilt 4.375% 07/03/2028 (5.27%), United Kingdom Gilt 4.375% 07/03/2030 (3.84%), United Kingdom Gilt 4.50% 07/06/2028 (3.49%), United Kingdom Gilt 4.125% 22/07/2029 (3.39%), United Kingdom Gilt 4.00% 22/10/2031 (3.09%), United Kingdom Gilt 4.75% 22/10/2035 (2.98%), United Kingdom Gilt 4.00% 22/05/2029 (2.93%), United Kingdom Gilt 4.50% 07/03/2035 (2.85%), United Kingdom Gilt 4.125% 07/03/2031 (2.82%) and United Kingdom Gilt 4.625% 31/01/2034 (2.57%).

**What were VGOV’s returns in each of the last five years?**

Calendar-year returns of VGOV in pounds (income reinvested to 10/07/2026, price only after): 2022 −27.0%, 2023 +3.3%, 2024 −4.6%, 2025 +4.7%; 2026 to 13/11/2026 −2.6%. Past performance is not a guide to future returns.

**How has VGOV done after inflation?**

Over the five years to 13/11/2026 VGOV’s price changed by −27.1% (income paid out is not included), or −43.1% 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/9501/uk-gilt-ucits-etf-gbp-distributing)
- [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie00b42wwv65-en.pdf)
- [Factsheet](https://fund-docs.vanguard.com/U.K._Gilt_UCITS_ETF_GBP_Distributing_9501_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.