# Vanguard USD Corporate Bond UCITS ETF AccumHedged GBP (VGPA)

**Page:** https://fundology.uk/fund/vgpa · ISIN IE00BGYWFN19

## 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, 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.

## Summary

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.

Latest close: **£48.80** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | VGPA |
| ISIN | IE00BGYWFN19 |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | Vanguard |
| Tracks | Bloomberg Global Aggregate Corporate - United States Dollar Index - GBP - Benchmark TR Net Hedged |
| Income | Accumulating |
| Ongoing charge | 0.10% a year (£10 per £10,000) |
| Fund size | £10.7m |
| Launched | 2021 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 25/05/2021 |

## 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 | +1.64% | -1.96% | income reinvested |
| 3 years | +31.07% | +18.42% | income reinvested |
| 5 years | +13.57% | -11.36% | income reinvested |

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

## Calendar-year 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 CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -16.3% | -23.4% | Price |
| 2023 | +6.9% | +2.7% | Price |
| 2024 | +1.9% | -1.5% | Price |
| 2025 | +7.4% | +3.8% | Price |
| 2026 to 13/11/2026 | -1.8% | -4.9% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 4.38% | -4.27% |
| 3 years | 5.37% | -4.27% |
| 5 years | 6.42% | -21.65% |

## Largest fall

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.

## Charges compared with similar funds

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).

## Charges & eligibility

- Ongoing charges figure (OCF): **0.10%** 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, 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%.

### Top holdings

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

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | Cash and cash equivalents | — | 0.47% |
| 2 | Sopaipilla Investor LLC 7.534% 30/11/2048 | — | 0.13% |
| 3 | Anheuser-Busch Cos LLC / Anheuser-Busch InBev Worldwide Inc 4.90% 01/02/2046 | — | 0.10% |
| 4 | Meta Platforms Inc 5.25% 15/05/2036 | — | 0.09% |
| 5 | Bank of America Corp 3.419% 20/12/2028 | — | 0.08% |
| 6 | Wells Fargo & Co 5.574% 25/07/2029 | — | 0.08% |
| 7 | Bank of America Corp 5.468% 23/01/2035 | — | 0.07% |
| 8 | Bank of America Corp 5.511% 24/01/2036 | — | 0.07% |
| 9 | British Telecommunications Ltd 9.625% 15/12/2030 | — | 0.07% |
| 10 | CVS Health Corp 5.05% 25/03/2048 | — | 0.07% |

## Where it invests

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

### By sector

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

| Sector | Weight |
|---|---|
| Financials | 24.6% |
| Health Care | 6.5% |
| Information Technology | 6.0% |
| Communication Services | 5.5% |
| Industrials | 5.1% |
| Utilities | 4.4% |
| Energy | 4.2% |
| Consumer Discretionary | 4.1% |
| Other sectors | 6.5% |
| Not classified | 33.2% |

### By country

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

| Country | Weight |
|---|---|
| United States | 78.3% |
| United Kingdom | 3.5% |
| Canada | 2.7% |
| Japan | 2.5% |
| France | 1.6% |
| Netherlands | 1.5% |
| Cayman Islands | 1.3% |
| Australia | 1.1% |
| Other countries | 6.9% |
| Not classified | 0.4% |

### By type of asset

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

| Type of asset | Weight |
|---|---|
| Bonds | 99.6% |
| Cash and money market | 0.4% |

The 6,478 holdings on record (of 9,163 reported): https://fundology.uk/fund/vgpa/holdings

## 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.

## Fund documents

- [Fund page at Vanguard](https://www.vanguard.co.uk/professional/product/etf/bond/9502/usd-corporate-bond-ucits-etf-gbp-hedged-accumulating)
- [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie00bgywfn19-en.pdf)
- [Factsheet](https://fund-docs.vanguard.com/USD_Corporate_Bond_UCITS_ETF_GBP_Hedged_Accumulating_9502_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.