# Vanguard USD Treasury Bond UCITS ETF (VUTY) **Page:** https://fundology.uk/fund/vuty · ISIN IE00BZ163M45 ## 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, VUTY (Vanguard USD Treasury Bond UCITS ETF, ISIN IE00BZ163M45) closed at £15.64 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 price changed by −18.3% (income paid out is not included), or −36.2% after UK CPIH inflation. ## Summary Vanguard USD Treasury Bond UCITS ETF is an exchange-traded fund (ETF) from Vanguard, launched in 2016. 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 paid out to holders as cash, usually a few times a year. Latest close: **£15.64** (13/11/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | VUTY | | ISIN | IE00BZ163M45 | | Also listed as | VDTY (London Stock Exchange, US dollars), VGTY (Xetra, euros) | | Category | Government bonds | | Type | ETF | | Provider | Vanguard | | Tracks | Bloomberg Global Aggregate - US Treasury Float Adjusted | | Income | Distributing | | Ongoing charge | 0.05% a year (£5 per £10,000) | | Fund size | £457m | | 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 VUTY was US$0.068703 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 VUTY declared 12 distributions, together US$0.890818 per share. VUTY has a distribution yield of 4.27% as at 31/10/2026. Latest distributions of VUTY per share, as of 14/11/2026: | Ex-dividend date | Payment date | Amount per share | |---|---|---| | 15/10/2026 | 28/10/2026 | US$0.068703 | | 17/09/2026 | 30/09/2026 | US$0.070056 | | 20/08/2026 | 02/09/2026 | US$0.086846 | | 16/07/2026 | 29/07/2026 | US$0.066568 | | 18/06/2026 | 01/07/2026 | US$0.068494 | | 21/05/2026 | 03/06/2026 | US$0.082286 | | 16/04/2026 | 29/04/2026 | US$0.07264 | | 19/03/2026 | 01/04/2026 | US$0.067225 | VUTY 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 | -1.86% | -5.33% | income reinvested | | 3 years | -9.89% | -18.59% | price only | | 5 years | -18.28% | -36.21% | 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 Treasury Bond UCITS ETF in pounds (price only, income paid out not included): 2022 −3.8%, 2023 −5.2%, 2024 −0.7%, 2025 −6.5%; 2026 to 13/11/2026 −2.8%. Returns of Vanguard USD Treasury Bond UCITS ETF in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: −4.8%; to 30/09/2025: −2.8%; to 30/09/2024: −4.0%; to 30/09/2023: −12.6%; to 30/09/2022: +4.4%. | Year | Return | After CPIH inflation | Measured as | |---|---|---|---| | 2022 | -3.8% | -12.0% | Price | | 2023 | -5.2% | -9.0% | Price | | 2024 | -0.7% | -4.0% | Price | | 2025 | -6.5% | -9.7% | Price | | 2026 to 13/11/2026 | -2.8% | -5.9% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 5.53% | -7.44% | | 3 years | 6.91% | -11.77% | | 5 years | 7.85% | -23.78% | ## Largest fall Volatility of Vanguard USD Treasury Bond UCITS ETF in pounds, annualised from weekly returns to 13/11/2026: 5.5% 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 since November 2021, in pounds: −23.8% from 23/09/2022 to 21/08/2026. The lowest 12-month return of Vanguard USD Treasury Bond UCITS ETF in pounds (price only, income paid out not included) since January 2021 was −14.1% (12 months to 22/09/2023); the highest was +7.1% (12 months to 23/09/2022). On 13/11/2026 the price of Vanguard USD Treasury Bond UCITS ETF was 22.7% 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 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 (this fund) | 0.05% | -1.9% | — | — | | Vanguard USD Treasury Bond UCITS ETF Accum Shs Unhedged USD | 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, VUTY 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/vuty/holdings ## Questions people ask **What is the ongoing charge of VUTY?** The ongoing charge of VUTY 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 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 VUTY track?** VUTY tracks the Bloomberg Global Aggregate - US Treasury Float Adjusted. **Is VUTY accumulating or distributing?** VUTY is distributing: income is paid out to holders as cash, usually a few times a year. It pays out monthly. **When does VUTY pay dividends?** VUTY 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 VUTY’s dividend yield?** VUTY has a distribution yield of 4.27% 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 VUTY?** The ISIN of VUTY is IE00BZ163M45. An ISIN identifies one exact share class of a fund; VUTY is its ticker on the London Stock Exchange. The same share class is also listed as VDTY (London Stock Exchange, US dollars) and VGTY (Xetra, euros). **What does VUTY hold?** As of 31/10/2026, VUTY 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 VUTY’s returns in each of the last five years?** Calendar-year returns of VUTY in pounds (price only, income paid out not included): 2022 −3.8%, 2023 −5.2%, 2024 −0.7%, 2025 −6.5%; 2026 to 13/11/2026 −2.8%. Past performance is not a guide to future returns. **How has VUTY done after inflation?** Over the five years to 13/11/2026 VUTY’s price changed by −18.3% (income paid out is not included), or −36.2% 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/9662/usd-treasury-bond-ucits-etf-usd-distributing) - [Key investor information document (KIID)](https://fund-docs.vanguard.com/ie00bz163m45-en.pdf) - [Factsheet](https://fund-docs.vanguard.com/USD_Treasury_Bond_UCITS_ETF_USD_Distributing_9662_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.