ETF · Vanguard
VGVA Vanguard UK Gilt UCITS ETF
ISIN IE00BH04GW44London Stock Exchange: VGVAThe Vanguard Group, Inc.
- Government bonds
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE£20.39
on
- Ongoing charge
- 0.05% a year
- Fund size
- £178m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, VGVA (Vanguard UK Gilt UCITS ETF, ISIN IE00BH04GW44) closed at £20.39 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 total return was −13.9%, or −32.8% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- +1.2%
- −2.4% after inflation (UK CPIH)
- 3 years to 13/11/2026
- +18.0%
- +6.6% after inflation (UK CPIH)
- 5 years to 13/11/2026
- −13.9%
- −32.8% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £861 on 13/11/2026 — about £672 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 UK Gilt UCITS ETF Accum Shs Unhedged GBP in pounds (price, with income reinvested in the fund): 2022 −27.0%, 2023 +3.3%, 2024 −4.6%, 2025 +4.7%; 2026 to 13/11/2026 −1.1%. Returns of Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +0.1%; to 30/09/2025: −2.1%; to 30/09/2024: +8.5%; to 30/09/2023: −3.7%; to 30/09/2022: −26.4%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −1.1% | −4.3% | |
| to | +4.7% | +1.1% | |
| to | −4.6% | −7.8% | |
| +3.3% | −0.9% | ||
| −27.0% | −33.2% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +0.1% | −3.5% |
| from | −2.1% | −5.9% |
| from | +8.5% | +5.8% |
| from | −3.7% | −9.5% |
| from | −26.4% | −32.4% |
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)
10.5%over 5 years
| 1 year | 6.4% |
|---|---|
| 3 years | 6.9% |
| 5 years | 10.5% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −35.8%
- From to
- Lowest 12-month return
- −31.5%
- 12 months to
- Highest 12-month return
- +10.4%
- 12 months to
- Below its highest weekly close since November 2021
- 28.2%
- High of , latest
In words: Volatility of Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP in pounds, annualised from weekly returns to 13/11/2026: 6.4% over 1 year, 6.9% over 3 years, 10.5% over 5 years. Largest fall in the price of Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP since November 2021, in pounds: −35.8% from 10/12/2021 to 14/10/2022. The lowest 12-month return of Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP in pounds (price, with income reinvested in the fund) since January 2021 was −31.5% (12 months to 14/10/2022); the highest was +10.4% (12 months to 16/08/2024). On 13/11/2026 the price of Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP was 28.2% below its highest weekly close since November 2021 (10/12/2021), 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
- 0.05%
- a year
- On £10,000
- £5
- a year, roughly
- Over five years
- £25
- of £10,000, before growth
- 0 charge less
- 12 the same
- 299 charge more
Ongoing charge of Vanguard UK Gilt UCITS ETF Accum Shs Unhedged GBP 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).
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 UK Gilt UCITS ETF Accum Shs Unhedged GBP is an exchange-traded fund (ETF) from Vanguard, launched in 2019.
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 reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Government bonds: Loans to governments, such as UK gilts and US Treasuries. They pay interest; their prices move when interest rates change.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- VGVA
- ISIN
- IE00BH04GW44
- Also listed as
- VX6F (Xetra, euros)
- Provider
- Vanguard
- 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
- 0.05% a year · about £5 on £10,000
- Fund size
- £178m
- 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
- No
- Price currency
- Pounds (GBP)
- Category
- Government bonds
Price chart
Over the last year, the closing price went from £20.38 on 14/11/2025 to £20.39 on 13/11/2026 (+0.1%). The lowest close shown was £19.97 on 15/05/2026 and the highest £21.19 on 27/02/2026.
One close a week. Before 31/07/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded.
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
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
What it holds
- Holdings
- 67
- 72 reported in all
- Ten largest
- 33.2%
- of the whole fund
- Effective number of holdings
- 46
- As concentrated as this many equal-sized holdings (how it is worked out)
- Largest holding
- 5.3%
- United Kingdom Gilt 4.375% 07/03/2028
Top 10 holdings
| Rank# | Holding | Weight as a percentage of the fund |
|---|---|---|
| 1 | United Kingdom Gilt 4.375% 07/03/2028United Kingdom | 5.27% |
| 2 | United Kingdom Gilt 4.375% 07/03/2030United Kingdom | 3.84% |
| 3 | United Kingdom Gilt 4.50% 07/06/2028United Kingdom | 3.49% |
| 4 | United Kingdom Gilt 4.125% 22/07/2029United Kingdom | 3.39% |
| 5 | United Kingdom Gilt 4.00% 22/10/2031United Kingdom | 3.09% |
| 6 | United Kingdom Gilt 4.75% 22/10/2035United Kingdom | 2.98% |
| 7 | United Kingdom Gilt 4.00% 22/05/2029United Kingdom | 2.93% |
| 8 | United Kingdom Gilt 4.50% 07/03/2035United Kingdom | 2.85% |
| 9 | United Kingdom Gilt 4.125% 07/03/2031United Kingdom | 2.82% |
| 10 | United Kingdom Gilt 4.625% 31/01/2034United Kingdom | 2.57% |
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 type of asset
- Bonds99.3%
- Cash and money market0.8%
See the full portfolio
Every holding with search and filters, the whole breakdown by sector, country and type of asset, a map of the 67 largest and what changed since .
All holdings
The fund publishes 72 holdings; the ten largest make up 33.2% 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
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 | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Vanguard UK Gilt UCITS ETFDistributing · 0.05% a year | 0.05% | −1.8% | Not reported | Not reported |
| Vanguard UK Gilt UCITS ETFThis fundAccumulating · 0.05% a year | 0.05% | +1.2% | +18.0% | −13.9% |
As of
Bloomberg Sterling Gilt Float Adjusted funds compared: charges, sizes and share classes
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
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 254 rolling 12-month returns since January 2021, and of 150 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 VGVA?
The ongoing charge of VGVA 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 Accum Shs Unhedged GBP 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 VGVA track?
VGVA tracks the Bloomberg Sterling Gilt Float Adjusted index - GBP - Benchmark TR Net — UK government bonds (gilts).
Is VGVA accumulating or distributing?
VGVA 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 VGVA?
The ISIN of VGVA is IE00BH04GW44. An ISIN identifies one exact share class of a fund; VGVA is its ticker on the London Stock Exchange. The same share class is also listed as VX6F (Xetra, euros).
What does VGVA hold?
As of 31/10/2026, VGVA 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 VGVA’s returns in each of the last five years?
Calendar-year returns of VGVA in pounds (price, with income reinvested in the fund): 2022 −27.0%, 2023 +3.3%, 2024 −4.6%, 2025 +4.7%; 2026 to 13/11/2026 −1.1%. Past performance is not a guide to future returns.
How has VGVA done after inflation?
Over the five years to 13/11/2026 VGVA’s total return was −13.9%, or −32.8% 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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