# Vanguard FTSE Developed World UCITS ETF USD (VHVG)

**Source:** https://fundology.uk/fund/vhvg · ISIN IE00BK5BQV03 · Data: TradingView (LSE closes and returns, delayed), issuer documents and holdings (Vanguard), ONS CPIH, FCA FIRDS

## 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 02/10/2026, VHVG (Vanguard FTSE Developed World UCITS ETF USD, ISIN IE00BK5BQV03) closed at £115.60 on the London Stock Exchange. Its ongoing charge is 0.12% a year (about £12 on £10,000). Over the five years to 02/10/2026 its total return was +81.8%, or +42.1% after UK CPIH inflation.

## Summary

Vanguard FTSE Developed World UCITS ETF USD is an exchange-traded fund (ETF) from Vanguard, launched in 2019. It tracks the FTSE All-World Developed — around 4,000 large and medium-sized companies across developed and emerging markets. You buy and sell it through a share-dealing account or platform during stock-market hours, like a share. Its ongoing charge is 0.12% a year — about £12 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.

Latest close: **£115.60** (02/10/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | VHVG |
| ISIN | IE00BK5BQV03 |
| Category | Global shares |
| Type | ETF |
| Provider | Vanguard |
| Tracks | FTSE All-World Developed |
| Income | Accumulating |
| Ongoing charge | 0.12% a year (£12 per £10,000) |
| Fund size | £3.9bn |
| Launched | 2019 |
| Domicile | Ireland |

## Past returns (periods to 02/10/2026)

After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation.

| Window | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 1 year | +19.18% | +15.44% | income reinvested |
| 3 years | +69.64% | +53.08% | income reinvested |
| 5 years | +81.76% | +42.09% | income reinvested |

Returns: TradingView (delayed data). Inflation: ONS CPIH, latest month published.

## Calendar-year returns

Calendar-year returns of Vanguard FTSE Developed World UCITS ETF USD in pounds (price, with income reinvested in the fund): 2022 −8.2%, 2023 +17.9%, 2024 +20.0%, 2025 +13.2%; 2026 to 01/10/2026 +14.3%. Returns of Vanguard FTSE Developed World UCITS ETF USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +19.7%; to 30/09/2025: +16.6%; to 30/09/2024: +20.5%; to 30/09/2023: +8.8%; to 30/09/2022: −2.1%.

| Year | Return | After CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -8.2% | -15.9% | Price |
| 2023 | +17.9% | +13.2% | Price |
| 2024 | +20.0% | +15.9% | Price |
| 2025 | +13.2% | +9.3% | Price |
| 2026 to 01/10/2026 | +14.3% | +11.2% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 11.92% | -6.88% |
| 3 years | 12.18% | -16.37% |
| 5 years | 12.79% | -16.37% |

## Largest fall

Volatility of Vanguard FTSE Developed World UCITS ETF USD in pounds, annualised from weekly returns to 01/10/2026: 11.9% over 1 year, 12.2% over 3 years, 12.8% over 5 years. Largest fall in the price of Vanguard FTSE Developed World UCITS ETF USD since October 2021, in pounds: −16.4% from 31/01/2025 to 04/04/2025. The lowest 12-month return of Vanguard FTSE Developed World UCITS ETF USD in pounds (price, with income reinvested in the fund) since July 2021 was −8.4% (12 months to 16/12/2022); the highest was +34.4% (12 months to 17/04/2026). On 01/10/2026 the price of Vanguard FTSE Developed World UCITS ETF USD was 1.2% below its highest weekly close since October 2021 (25/09/2026), in pounds.

## Charges compared with similar funds

Ongoing charge of Vanguard FTSE Developed World UCITS ETF USD 0.12% a year, as of 02/10/2026: 188 of the 212 other global share funds charge more, 7 the same and 17 less (share classes counted once).

## Funds tracking the same index

3 funds track FTSE All-World Developed, this one included and share classes counted once; their ongoing charges range from 0.12% to 0.12% a year (01/10/2026).

| Fund | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Franklin FTSE Developed World UCITS ETF Accum Shs USD | — | +18.8% | — | — |
| Vanguard FTSE Developed World UCITS ETF | 0.12% | +19.1% | +67.2% | +79.6% |
| Vanguard FTSE Developed World UCITS ETF USD (this fund) | 0.12% | +19.1% | +67.2% | +79.6% |

Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.12%** per year
- ISA eligible: yes
- SIPP eligible: yes

## What it holds

As of 31/08/2026, VHVG holds 2,028 positions, according to the holdings Vanguard publishes. The largest is NVIDIA at 5.22% of the fund; the ten largest make up 26.1%.

### Top holdings

Largest positions (as of 31/08/2026), as a percentage of the whole fund:

| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | NVIDIA | [NVDA](https://fundology.uk/stock/NVDA) | 5.22% |
| 2 | Apple | [AAPL](https://fundology.uk/stock/AAPL) | 4.64% |
| 3 | Microsoft | [MSFT](https://fundology.uk/stock/MSFT) | 3.82% |
| 4 | Alphabet | [GOOG](https://fundology.uk/stock/GOOG) | 3.62% |
| 5 | Amazon | [AMZN](https://fundology.uk/stock/AMZN) | 2.55% |
| 6 | Broadcom | [AVGO](https://fundology.uk/stock/AVGO) | 1.75% |
| 7 | Meta Platforms | [META](https://fundology.uk/stock/META) | 1.27% |
| 8 | Micron Technology | [MU](https://fundology.uk/stock/MU) | 1.10% |
| 9 | Tesla | [TSLA](https://fundology.uk/stock/TSLA) | 1.09% |
| 10 | Cash and cash equivalents | — | 1.05% |

Source: Vanguard, holdings as published, as of 31/08/2026.

## Where it invests

Shares of the whole fund. Bonds, cash and positions the source does not classify are shown as they come, not guessed.

### By sector

Added up from the holdings Vanguard publishes, as of 31/08/2026.

| Sector | Weight |
|---|---|
| Information Technology | 30.0% |
| Financials | 16.1% |
| Industrials | 10.9% |
| Health Care | 8.7% |
| Consumer Discretionary | 8.6% |
| Communication Services | 7.5% |
| Consumer Staples | 4.7% |
| Energy | 3.8% |
| Other sectors | 7.5% |
| Not classified | 1.1% |

### By country

Added up from the holdings Vanguard publishes, as of 31/08/2026.

| Country | Weight |
|---|---|
| United States | 67.1% |
| Japan | 6.5% |
| United Kingdom | 3.5% |
| Canada | 3.3% |
| South Korea | 2.7% |
| France | 2.2% |
| Switzerland | 2.2% |
| Germany | 2.1% |
| Other countries | 8.3% |
| Not classified | 1.1% |

### By type of asset

Added up from the holdings Vanguard publishes, as of 31/08/2026.

| Type of asset | Weight |
|---|---|
| Equity | 97.8% |
| Cash and money market | 1.1% |

The 1,363 holdings on record (of 2,028 Vanguard reports): https://fundology.uk/fund/vhvg/holdings

## Questions people ask

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

The ongoing charge of VHVG is 0.12% a year — about £12 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 FTSE Developed World UCITS ETF USD 0.12% a year, as of 02/10/2026: 188 of the 212 other global share funds charge more, 7 the same and 17 less (share classes counted once).

**What does VHVG track?**

VHVG tracks the FTSE All-World Developed — around 4,000 large and medium-sized companies across developed and emerging markets.

**Is VHVG accumulating or distributing?**

VHVG 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 VHVG?**

The ISIN of VHVG is IE00BK5BQV03. An ISIN identifies one exact share class of a fund; VHVG is its ticker on the London Stock Exchange.

**What does VHVG hold?**

As of 31/08/2026, VHVG holds 2,028 positions, according to the holdings Vanguard publishes. The largest is NVIDIA at 5.22% of the fund; the ten largest make up 26.1%. Its ten largest holdings are NVIDIA (5.22%), Apple (4.64%), Microsoft (3.82%), Alphabet (3.62%), Amazon (2.55%), Broadcom (1.75%), Meta Platforms (1.27%), Micron Technology (1.10%), Tesla (1.09%) and Cash and cash equivalents (1.05%).

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

Calendar-year returns of VHVG in pounds (price, with income reinvested in the fund): 2022 −8.2%, 2023 +17.9%, 2024 +20.0%, 2025 +13.2%; 2026 to 01/10/2026 +14.3%. Past performance is not a guide to future returns.

**How has VHVG done after inflation?**

Over the five years to 02/10/2026 VHVG’s total return was +81.8%, or +42.1% after UK CPIH inflation. Past performance is not a guide to future returns.

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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.