# Vanguard USD Treasury Bond UCITS ETF (VUTA) **Page:** https://fundology.uk/fund/vuta · ISIN IE00BGYWFS63 ## 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, VUTA (Vanguard USD Treasury Bond UCITS ETF, ISIN IE00BGYWFS63) closed at £20.25 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 −2.6%, or −24.0% after UK CPIH inflation. ## Summary Vanguard USD Treasury Bond UCITS ETF Accum Shs Unhedged USD is an exchange-traded fund (ETF) from Vanguard, launched in 2019. It tracks the Bloomberg Global Aggregate - US Treasury Float Adjusted. 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. Latest close: **£20.25** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | VUTA | | ISIN | IE00BGYWFS63 | | Also listed as | VDTA (London Stock Exchange, US dollars), VAGT (Xetra, euros) | | Category | Government bonds | | Type | ETF | | Provider | Vanguard | | Tracks | Bloomberg Global Aggregate - US Treasury Float Adjusted | | Income | Accumulating | | Ongoing charge | 0.05% a year (£5 per £10,000) | | Fund size | £1.2bn | | Launched | 2019 | | Domicile | Ireland | | UK reporting fund status | Yes — on HMRC’s list of reporting funds (list of 02/11/2026); reporting fund since 19/02/2019 | ## 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 | -1.51% | -5.00% | income reinvested | | 3 years | +3.13% | -6.82% | income reinvested | | 5 years | -2.57% | -23.95% | income reinvested | Returns: as reported (delayed data). Inflation: UK CPIH, latest month published. ## Calendar-year returns Calendar-year returns of Vanguard USD Treasury Bond UCITS ETF Accum Shs Unhedged USD in pounds (price, with income reinvested in the fund): 2022 −1.9%, 2023 −1.9%, 2024 +3.4%, 2025 −2.4%; 2026 to 13/11/2026 +0.6%. Returns of Vanguard USD Treasury Bond UCITS ETF Accum Shs Unhedged USD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: −0.7%; to 30/09/2025: +1.5%; to 30/09/2024: −0.1%; to 30/09/2023: −9.7%; to 30/09/2022: +6.1%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -1.9% | -10.2% | Price | | 2023 | -1.9% | -5.8% | Price | | 2024 | +3.4% | -0.2% | Price | | 2025 | -2.4% | -5.8% | Price | | 2026 to 13/11/2026 | +0.6% | -2.6% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.60% | -4.69% | | 3 years | 6.85% | -8.12% | | 5 years | 7.79% | -14.84% | ## Largest fall Volatility of Vanguard USD Treasury Bond UCITS ETF Accum Shs Unhedged USD in pounds, annualised from weekly returns to 13/11/2026: 5.6% over 1 year, 6.9% over 3 years, 7.8% over 5 years. Largest fall in the price of Vanguard USD Treasury Bond UCITS ETF Accum Shs Unhedged USD since November 2021, in pounds: −14.8% from 23/09/2022 to 14/07/2023. The lowest 12-month return of Vanguard USD Treasury Bond UCITS ETF Accum Shs Unhedged USD in pounds (price, with income reinvested in the fund) since January 2021 was −11.5% (12 months to 14/07/2023); the highest was +8.8% (12 months to 23/09/2022). On 13/11/2026 the price of Vanguard USD Treasury Bond UCITS ETF Accum Shs Unhedged USD was 9.3% below its highest weekly close since November 2021 (23/09/2022), in pounds. ## Charges compared with similar funds Ongoing charge of Vanguard USD Treasury Bond UCITS ETF Accum Shs Unhedged USD 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). ## Funds tracking the same index 3 funds track Bloomberg Global Aggregate - US Treasury Float Adjusted, this one included and share classes counted once; their ongoing charges range from 0.05% to 0.08% a year (13/11/2026). | Fund | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Vanguard USD Treasury Bond UCITS ETF | 0.05% | -1.9% | — | — | | Vanguard USD Treasury Bond UCITS ETF Accum Shs Unhedged USD (this fund) | 0.05% | -1.5% | +3.1% | -2.6% | | Vanguard USD Treasury Bond UCITS ETF Hedged GBP | 0.08% | -0.7% | +1.4% | — | Returns are as reported, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.05%** 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, VUTA holds 308 positions, according to its published holdings. The largest is United States Treasury Note/Bond 4.25% 15/11/2034 at 0.85% of the fund; the ten largest make up 8.2%. ### Top holdings Largest positions (as of 31/10/2026), as a percentage of the whole fund: | # | Holding | Ticker | Weight | |---|---|---|---| | 1 | United States Treasury Note/Bond 4.25% 15/11/2034 | — | 0.85% | | 2 | United States Treasury Note/Bond 4.625% 15/02/2035 | — | 0.85% | | 3 | United States Treasury Note/Bond 3.875% 15/08/2034 | — | 0.83% | | 4 | United States Treasury Note/Bond 4.25% 15/05/2035 | — | 0.82% | | 5 | United States Treasury Note/Bond 4.25% 15/08/2035 | — | 0.82% | | 6 | United States Treasury Note/Bond 4.00% 15/02/2034 | — | 0.81% | | 7 | United States Treasury Note/Bond 4.375% 15/05/2034 | — | 0.81% | | 8 | United States Treasury Note/Bond 4.375% 15/05/2036 | — | 0.81% | | 9 | United States Treasury Note/Bond 4.00% 15/11/2035 | — | 0.80% | | 10 | United States Treasury Note/Bond 4.125% 15/02/2036 | — | 0.80% | ## Where it invests Shares of the whole fund. Bonds, cash and positions without a classification are shown as they come, not guessed. ### By type of asset Added up from the fund’s published holdings, as of 31/10/2026. | Type of asset | Weight | |---|---| | Bonds | 99.2% | | Cash and money market | 0.8% | The 297 holdings on record (of 308 reported): https://fundology.uk/fund/vuta/holdings ## Questions people ask **What is the ongoing charge of VUTA?** The ongoing charge of VUTA 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 USD Treasury Bond UCITS ETF Accum Shs Unhedged USD 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 VUTA track?** VUTA tracks the Bloomberg Global Aggregate - US Treasury Float Adjusted. **Is VUTA accumulating or distributing?** VUTA 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 VUTA?** The ISIN of VUTA is IE00BGYWFS63. An ISIN identifies one exact share class of a fund; VUTA is its ticker on the London Stock Exchange. The same share class is also listed as VDTA (London Stock Exchange, US dollars) and VAGT (Xetra, euros). **What does VUTA hold?** As of 31/10/2026, VUTA holds 308 positions, according to its published holdings. The largest is United States Treasury Note/Bond 4.25% 15/11/2034 at 0.85% of the fund; the ten largest make up 8.2%. Its ten largest holdings are United States Treasury Note/Bond 4.25% 15/11/2034 (0.85%), United States Treasury Note/Bond 4.625% 15/02/2035 (0.85%), United States Treasury Note/Bond 3.875% 15/08/2034 (0.83%), United States Treasury Note/Bond 4.25% 15/05/2035 (0.82%), United States Treasury Note/Bond 4.25% 15/08/2035 (0.82%), United States Treasury Note/Bond 4.00% 15/02/2034 (0.81%), United States Treasury Note/Bond 4.375% 15/05/2034 (0.81%), United States Treasury Note/Bond 4.375% 15/05/2036 (0.81%), United States Treasury Note/Bond 4.00% 15/11/2035 (0.80%) and United States Treasury Note/Bond 4.125% 15/02/2036 (0.80%). **What were VUTA’s returns in each of the last five years?** Calendar-year returns of VUTA in pounds (price, with income reinvested in the fund): 2022 −1.9%, 2023 −1.9%, 2024 +3.4%, 2025 −2.4%; 2026 to 13/11/2026 +0.6%. Past performance is not a guide to future returns. **How has VUTA done after inflation?** Over the five years to 13/11/2026 VUTA’s total return was −2.6%, or −24.0% 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/9598/usd-treasury-bond-ucits-etf-usd-accumulating) - [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie00bgywfs63-en.pdf) - [Factsheet](https://fund-docs.vanguard.com/USD_Treasury_Bond_UCITS_ETF_USD_Accumulating_9598_EU_INT_UK_EN.pdf) - Links checked 12/10/2026. --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.