ETF · Vanguard
VGPA Vanguard USD Corporate Bond UCITS ETF AccumHedged GBP
ISIN IE00BGYWFN19London Stock Exchange: VGPAThe Vanguard Group, Inc.
- Corporate & other bonds
- ETF
- ISA
- SIPP
- Accumulating
- GBP hedged
Latest close
LSE£48.80
on
- Ongoing charge
- 0.10% a year
- Fund size
- £10.7m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, VGPA (Vanguard USD Corporate Bond UCITS ETF AccumHedged GBP, ISIN IE00BGYWFN19) closed at £48.80 on the London Stock Exchange. Its ongoing charge is 0.10% a year (about £10 on £10,000). Over the five years to 13/11/2026 its total return was +13.6%, or −11.4% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +1.6%
- −2.0% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +31.1%
- +18.4% after inflation (UK CPIH)
- 5 years to 13/11/2026
- +13.6%
- −11.4% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,136 on 13/11/2026 — about £886 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
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 USD Corporate Bond UCITS ETF AccumHedged GBP in pounds (price, with income reinvested in the fund): 2022 −16.3%, 2023 +6.9%, 2024 +1.9%, 2025 +7.4%; 2026 to 13/11/2026 −1.8%. Returns of Vanguard USD Corporate Bond UCITS ETF AccumHedged GBP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −2.5%; to 30/09/2025: +3.9%; to 30/09/2024: +13.1%; to 30/09/2023: +2.3%; to 30/09/2022: −18.8%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −1.8% | −4.9% | |
| to | +7.4% | +3.8% | |
| to | +1.9% | −1.5% | |
| +6.9% | +2.7% | ||
| −16.3% | −23.4% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −2.5% | −6.0% |
| from | +3.9% | −0.1% |
| from | +13.1% | +10.3% |
| from | +2.3% | −3.9% |
| from | −18.8% | −25.4% |
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)
6.4%over 5 years
| 1 year | 4.4% |
|---|---|
| 3 years | 5.4% |
| 5 years | 6.4% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −21.6%
- From to
- Lowest 12-month return
- −20.8%
- 12 months to
- Highest 12-month return
- +14.4%
- 12 months to
- Below its highest weekly close since November 2021
- 4.3%
- High of , latest
In words: Volatility of Vanguard USD Corporate Bond UCITS ETF AccumHedged GBP in pounds, annualised from weekly returns to 13/11/2026: 4.4% over 1 year, 5.4% over 3 years, 6.4% over 5 years. Largest fall in the price of Vanguard USD Corporate Bond UCITS ETF AccumHedged GBP since November 2021, in pounds: −21.6% from 03/12/2021 to 21/10/2022. The lowest 12-month return of Vanguard USD Corporate Bond UCITS ETF AccumHedged GBP in pounds (price, with income reinvested in the fund) since May 2021 was −20.8% (12 months to 04/11/2022); the highest was +14.4% (12 months to 18/10/2024). On 13/11/2026 the price of Vanguard USD Corporate Bond UCITS ETF AccumHedged GBP was 4.3% below its highest weekly close since November 2021 (03/12/2021), in pounds.
As of , price, with income reinvested in the fund
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
- 18 charge less
- 26 the same
- 383 charge more
Ongoing charge of Vanguard USD Corporate Bond UCITS ETF AccumHedged GBP 0.10% a year. Compared on 14/11/2026, 383 of the 427 other corporate and other bond funds charge more, 26 the same and 18 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 USD Corporate Bond UCITS ETF AccumHedged GBP is an exchange-traded fund (ETF) from Vanguard, launched in 2021.
It tracks the Bloomberg Global Aggregate Corporate - United States Dollar 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 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.
Corporate & other bonds: Loans to companies and other borrowers, which usually pay more interest than government bonds in exchange for more risk.
Terms:ETFIndex fundUCITSAccumulating or incomeCurrency hedgingShare classISIN
Key facts
- Ticker
- VGPA
- ISIN
- IE00BGYWFN19
- Provider
- Vanguard
- Tracks
- Bloomberg Global Aggregate Corporate - United States Dollar 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
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.10% a year · about £10 on £10,000
- Fund size
- £10.7m
- 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
- Corporate & other bonds
Price chart
Over the last year, the closing price went from £49.47 on 14/11/2025 to £48.80 on 13/11/2026 (−1.3%). The lowest close shown was £48.39 on 02/10/2026 and the highest £50.55 on 27/02/2026.
One close a week. Before 14/08/2026 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.
As of , at least 15 min delayed
Five years of prices, and after inflation
262 weekly closes, from 12/11/2021 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
- 6,478
- 9,163 reported in all
- Ten largest
- 1.2%
- of the whole fund
- Effective number of holdings
- 4,272
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 0.5%
- Cash and cash equivalents
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | Cash and cash equivalents | 0.47% |
| 2 | Sopaipilla Investor LLC 7.534% 30/11/2048United States | 0.13% |
| 3 | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc 4.90% 01/02/2046United States | 0.10% |
| 4 | Meta Platforms Inc 5.25% 15/05/2036Communication ServicesUnited States | 0.09% |
| 5 | Bank of America Corp 3.419% 20/12/2028FinancialsUnited States | 0.08% |
| 6 | Wells Fargo & Co 5.574% 25/07/2029FinancialsUnited States | 0.08% |
| 7 | Bank of America Corp 5.468% 23/01/2035FinancialsUnited States | 0.07% |
| 8 | Bank of America Corp 5.511% 24/01/2036FinancialsUnited States | 0.07% |
| 9 | British Telecommunications Ltd 9.625% 15/12/2030United Kingdom | 0.07% |
| 10 | CVS Health Corp 5.05% 25/03/2048Health CareUnited States | 0.07% |
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 sector
- Financials24.5%
- Health Care6.4%
- Information Technology6.1%
- Communication Services5.7%
- Industrials5.0%
- Utilities4.3%
- Energy4.1%
- Consumer Discretionary4.1%
- Other sectors6.5%
- Not classified33.2%
By country
- United States78.1%
- United Kingdom3.5%
- Canada2.7%
- Japan2.4%
- France1.7%
- Netherlands1.5%
- Cayman Islands1.3%
- Australia1.2%
- Other countries6.8%
- Not classified0.5%
By type of asset
- Bonds99.5%
- Cash and money market0.5%
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 9,163 holdings; the ten largest make up 1.2% 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
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 234 rolling 12-month returns since May 2021, and of 130 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The largest fall since November 2021, in pounds, with how many weeks it took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core UK Gilts UCITS ETF, over the three years to 13/11/2026 (156 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of VGPA?
The ongoing charge of VGPA 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 USD Corporate Bond UCITS ETF AccumHedged GBP 0.10% a year. Compared on 14/11/2026, 383 of the 427 other corporate and other bond funds charge more, 26 the same and 18 less (share classes counted once).
What does VGPA track?
VGPA tracks the Bloomberg Global Aggregate Corporate - United States Dollar Index - GBP - Benchmark TR Net Hedged.
Is VGPA accumulating or distributing?
VGPA 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 VGPA?
The ISIN of VGPA is IE00BGYWFN19. An ISIN identifies one exact share class of a fund; VGPA is its ticker on the London Stock Exchange.
What does VGPA hold?
As of 31/10/2026, VGPA holds 9,163 positions, according to its published holdings. The largest is Cash and cash equivalents at 0.47% of the fund; the ten largest make up 1.2%. Its ten largest holdings are Cash and cash equivalents (0.47%), Sopaipilla Investor LLC 7.534% 30/11/2048 (0.13%), Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc 4.90% 01/02/2046 (0.10%), Meta Platforms Inc 5.25% 15/05/2036 (0.09%), Bank of America Corp 3.419% 20/12/2028 (0.08%), Wells Fargo & Co 5.574% 25/07/2029 (0.08%), Bank of America Corp 5.468% 23/01/2035 (0.07%), Bank of America Corp 5.511% 24/01/2036 (0.07%), British Telecommunications Ltd 9.625% 15/12/2030 (0.07%) and CVS Health Corp 5.05% 25/03/2048 (0.07%).
What were VGPA’s returns in each of the last five years?
Calendar-year returns of VGPA in pounds (price, with income reinvested in the fund): 2022 −16.3%, 2023 +6.9%, 2024 +1.9%, 2025 +7.4%; 2026 to 13/11/2026 −1.8%. Past performance is not a guide to future returns.
How has VGPA done after inflation?
Over the five years to 13/11/2026 VGPA’s total return was +13.6%, or −11.4% 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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