ETF · Vanguard
VUCP Vanguard USD Corporate Bond UCITS ETF
ISIN IE00BZ163K21London Stock Exchange: VUCPThe Vanguard Group, Inc.
- Corporate & other bonds
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£34.25
on
- Ongoing charge
- 0.07% a year
- Fund size
- £669m
As of , at least 15 min delayed
At a glance
As of 13/11/2026, VUCP (Vanguard USD Corporate Bond UCITS ETF, ISIN IE00BZ163K21) closed at £34.25 on the London Stock Exchange. Its ongoing charge is 0.07% a year (about £7 on £10,000). Over the five years to 13/11/2026 its price changed by −19.3% (income paid out is not included), or −37.0% after UK CPIH inflation.
Past returns
- 1 year to 13/11/2026
- −1.7%
- −5.2% after inflation (UK CPIH)
- 3 years to 13/11/2026
- −7.6%
- −16.5% after inflation (UK CPIH)
- 5 years to 13/11/2026
- −19.3%
- −37.0% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £807 on 13/11/2026 — about £630 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) and worked out from recorded daily closes. 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 in pounds (price only, income paid out not included): 2022 −7.9%, 2023 −2.3%, 2024 +0.1%, 2025 −6.0%; 2026 to 13/11/2026 −3.6%. Returns of Vanguard USD Corporate Bond UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −5.8%; to 30/09/2025: −1.7%; to 30/09/2024: −1.3%; to 30/09/2023: −9.4%; to 30/09/2022: −2.9%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | −3.6% | −6.7% | |
| to | −6.0% | −9.3% | |
| to | +0.1% | −3.3% | |
| −2.3% | −6.2% | ||
| −7.9% | −15.7% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | −5.8% | −9.1% |
| from | −1.7% | −5.5% |
| from | −1.3% | −3.8% |
| from | −9.4% | −14.8% |
| from | −2.9% | −10.8% |
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)
7.6%over 5 years
| 1 year | 5.5% |
|---|---|
| 3 years | 6.7% |
| 5 years | 7.6% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −21.4%
- From to
- Lowest 12-month return
- −12.6%
- 12 months to
- Highest 12-month return
- +3.8%
- 12 months to
- Below its highest weekly close since November 2021
- 20.6%
- High of , latest
In words: Volatility of Vanguard USD Corporate Bond UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 5.5% over 1 year, 6.7% over 3 years, 7.6% over 5 years. Largest fall in the price of Vanguard USD Corporate Bond UCITS ETF since November 2021, in pounds: −21.4% from 03/12/2021 to 21/08/2026. The lowest 12-month return of Vanguard USD Corporate Bond UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −12.6% (12 months to 14/07/2023); the highest was +3.8% (12 months to 16/08/2024). On 13/11/2026 the price of Vanguard USD Corporate Bond UCITS ETF was 20.6% below its highest weekly close since November 2021 (03/12/2021), in pounds.
As of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.07%
- a year
- On £10,000
- £7
- a year, roughly
- Over five years
- £35
- of £10,000, before growth
- 0 charge less
- 3 the same
- 424 charge more
Ongoing charge of Vanguard USD Corporate Bond UCITS ETF 0.07% a year. Compared on 14/11/2026, 424 of the 427 other corporate and other bond funds charge more, 3 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 USD Corporate Bond UCITS ETF is an exchange-traded fund (ETF) from Vanguard, launched in 2016.
It tracks the Bloomberg Global Aggregate Corporate - United States Dollar.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.07% a year — about £7 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.
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 incomeShare classISIN
Key facts
- Ticker
- VUCP
- ISIN
- IE00BZ163K21
- Also listed as
- VDCP (London Stock Exchange, US dollars)
- Provider
- Vanguard
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid monthly
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.07% a year · about £7 on £10,000
- Fund size
- £669m
- 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
- Corporate & other bonds
Income and distributions
As of , the latest distribution of VUCP was US$0.196892 per share: it went ex-dividend on and was paid on . In the 12 months to VUCP declared 12 distributions, together US$2.386875 per share. VUCP has a distribution yield of 5.23% as at .
- Latest distribution
- US$0.196892
- per share, ex-dividend
- 12 months to
- US$2.386875
- per share, from 12 distributions
- Distribution yield
- 5.23%
- as at
| Ex-dividend date | Payment date | Amount per share |
|---|---|---|
| US$0.196892 | ||
| US$0.176752 | ||
| US$0.221659 | ||
| US$0.18936 | ||
| US$0.176117 | ||
| US$0.237165 | ||
| US$0.164022 | ||
| US$0.210442 |
VUCP declares its distributions in US dollars; what reaches an account in pounds depends on the exchange rate the platform uses.
Distributions are not guaranteed: they can rise, fall or stop. Future dates are set and announced by the fund manager. 128 distributions are on record since .
As of
Price chart
Over the last year, the closing price went from £36.56 on 14/11/2025 to £34.25 on 13/11/2026 (−6.3%). The lowest close shown was £33.88 on 21/08/2026 and the highest £36.62 on 21/11/2025.
One close a week. Before 18/09/2026 the closes are from the weekly price history for this listing; from then on, the closing prices we have recorded. Price only — income paid out is not included, so the line can end below the total return above.
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
Funds tracking the same index
9 funds track Bloomberg Global Aggregate Corporate - United States Dollar, this one included and share classes counted once; their ongoing charges range from 0.07% to 0.25% a year (13/11/2026).
| Fund | Charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Global Corporate Bond UCITS ETF USDAccumulating · 0.13% a year | 0.13% | −0.1% | Not reported | Not reported |
| Global Corporate Bond UCITS ETF - GBPDistributing · 0.13% a year | 0.13% | +2.4% | +8.9% | Not reported |
| iShares Global Corp Bond EUR Hedged UCITS ETFDistributing · Currency hedged · 0.25% a year | 0.25% | −6.8% | +6.5% | −10.2% |
| iShares Global Corp Bond UCITS ETFDistributing · 0.20% a year | 0.20% | −2.4% | +7.7% | −0.7% |
| iShares Global Corp Bond UCITS ETF AccAccumulating · 0.20% a year | 0.20% | −1.5% | +8.8% | −1.1% |
| iShares Global Corp Bond UCITS ETF Hedged GBPDistributing · Currency hedged · 0.25% a year | 0.25% | 0.0% | +16.7% | −0.9% |
| iShares Global Corp Bond UCITS ETF USD Hedged (Acc)Accumulating · Currency hedged · 0.25% a year | 0.25% | −0.3% | +8.8% | +3.2% |
| Vanguard USD Corporate Bond UCITS ETFThis fundDistributing · 0.07% a year | 0.07% | −1.7% | Not reported | Not reported |
| Vanguard USD Corporate Bond UCITS ETF Accum Unhedged USDAccumulating · 0.07% a year | 0.07% | −1.3% | +8.8% | +1.3% |
As of
Bloomberg Global Aggregate Corporate 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 VUCP?
The ongoing charge of VUCP is 0.07% a year — about £7 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 0.07% a year. Compared on 14/11/2026, 424 of the 427 other corporate and other bond funds charge more, 3 the same and 0 less (share classes counted once).
What does VUCP track?
VUCP tracks the Bloomberg Global Aggregate Corporate - United States Dollar.
Is VUCP accumulating or distributing?
VUCP is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly.
When does VUCP pay dividends?
VUCP 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 VUCP’s dividend yield?
VUCP has a distribution yield of 5.23% 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 VUCP?
The ISIN of VUCP is IE00BZ163K21. An ISIN identifies one exact share class of a fund; VUCP is its ticker on the London Stock Exchange. The same share class is also listed as VDCP (London Stock Exchange, US dollars).
What does VUCP hold?
As of 31/10/2026, VUCP 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 VUCP’s returns in each of the last five years?
Calendar-year returns of VUCP in pounds (price only, income paid out not included): 2022 −7.9%, 2023 −2.3%, 2024 +0.1%, 2025 −6.0%; 2026 to 13/11/2026 −3.6%. Past performance is not a guide to future returns.
How has VUCP done after inflation?
Over the five years to 13/11/2026 VUCP’s price changed by −19.3% (income paid out is not included), or −37.0% 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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