# Vanguard USD Corporate Bond UCITS ETF (VUCP)

**Page:** https://fundology.uk/fund/vucp · ISIN IE00BZ163K21

## 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, 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.

## Summary

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.

Latest close: **£34.25** (13/11/2026).

## Key facts

| Fact | Value |
|---|---|
| Ticker (LSE) | VUCP |
| ISIN | IE00BZ163K21 |
| Also listed as | VDCP (London Stock Exchange, US dollars) |
| Category | Corporate & other bonds |
| Type | ETF |
| Provider | Vanguard |
| Tracks | Bloomberg Global Aggregate Corporate - United States Dollar |
| Income | Distributing |
| Ongoing charge | 0.07% a year (£7 per £10,000) |
| Fund size | £669m |
| Launched | 2016 |
| Domicile | Ireland |
| UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 24/02/2016 |

## Income and distributions

> Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.

As of 14/11/2026, the latest distribution of VUCP was US$0.196892 per share: it went ex-dividend on 15/10/2026 and was paid on 28/10/2026. In the 12 months to 14/11/2026 VUCP declared 12 distributions, together US$2.386875 per share. VUCP has a distribution yield of 5.23% as at 31/10/2026.

Latest distributions of VUCP per share, as of 14/11/2026:

| Ex-dividend date | Payment date | Amount per share |
|---|---|---|
| 15/10/2026 | 28/10/2026 | US$0.196892 |
| 17/09/2026 | 30/09/2026 | US$0.176752 |
| 20/08/2026 | 02/09/2026 | US$0.221659 |
| 16/07/2026 | 29/07/2026 | US$0.18936 |
| 18/06/2026 | 01/07/2026 | US$0.176117 |
| 21/05/2026 | 03/06/2026 | US$0.237165 |
| 16/04/2026 | 29/04/2026 | US$0.164022 |
| 19/03/2026 | 01/04/2026 | 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 17/03/2016.

## 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 | -1.67% | -5.15% | income reinvested |
| 3 years | -7.56% | -16.49% | price only |
| 5 years | -19.25% | -36.97% | price only |

Returns: as reported (delayed data) and worked out from recorded daily closes. Inflation: UK CPIH, latest month published.

## Calendar-year 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 CPIH inflation | Measured as |
|---|---|---|---|
| 2022 | -7.9% | -15.7% | Price |
| 2023 | -2.3% | -6.2% | Price |
| 2024 | +0.1% | -3.3% | Price |
| 2025 | -6.0% | -9.3% | Price |
| 2026 to 13/11/2026 | -3.6% | -6.7% | Price |

## Risk metrics

| Window | Volatility | Max drawdown |
|---|---|---|
| 1 year | 5.54% | -7.46% |
| 3 years | 6.69% | -11.58% |
| 5 years | 7.63% | -21.44% |

## Largest fall

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.

## Charges compared with similar funds

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).

## 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 | Ongoing charge | 1 year | 3 years | 5 years |
|---|---|---|---|---|
| Global Corporate Bond UCITS ETF USD | 0.13% | -0.1% | — | — |
| HSBC Global Funds ICAV - Global Corporate Bond UCITS ETF - GBP | 0.13% | +2.4% | +8.9% | — |
| iShares Global Corp Bond EUR Hedged UCITS ETF | 0.25% | -6.8% | +6.5% | -10.2% |
| iShares Global Corp Bond UCITS ETF | 0.20% | -2.4% | +7.7% | -0.7% |
| iShares Global Corp Bond UCITS ETF Acc | 0.20% | -1.5% | +8.8% | -1.1% |
| iShares Global Corp Bond UCITS ETF Hedged GBP | 0.25% | +0.0% | +16.7% | -0.9% |
| iShares Global Corp Bond UCITS ETF USD Hedged (Acc) | 0.25% | -0.3% | +8.8% | +3.2% |
| Vanguard USD Corporate Bond UCITS ETF (this fund) | 0.07% | -1.7% | — | — |
| Vanguard USD Corporate Bond UCITS ETF Accum Unhedged USD | 0.07% | -1.3% | +8.8% | +1.3% |

Returns are as reported, in pounds, income reinvested unless marked "(price)".

## Charges & eligibility

- Ongoing charges figure (OCF): **0.07%** 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, 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%.

### 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/vucp/holdings

## 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.

## Fund documents

- [Fund page at Vanguard](https://www.vanguard.co.uk/professional/product/etf/bond/9661/usd-corporate-bond-ucits-etf-usd-distributing)
- [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie00bz163k21-en.pdf)
- [Factsheet](https://fund-docs.vanguard.com/USD_Corporate_Bond_UCITS_ETF_USD_Distributing_9661_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.