Global Government Bond UCITS ETF - GBP Hedged Distributing (VGGP)

About this fund

Fund objectives

The Fund employs a passive management – or indexing – investment approach, through physical acquisition of securities, and seeks to track the performance of the Bloomberg Global Treasury Developed Countries Float Adjusted Index (the “Index”).
The Fund will invest in a portfolio of local currency government bonds (including callable bonds) from developed countries (as determined by the index provider) that insofar as possible and practicable consists of a representative sample of the component securities of the Index.
The index is designed to reflect the universe of float adjusted fixed-rate, investment-grade, local currency government debt of developed (as determined by the index provider) countries. The bonds must have a maturity of at least one year.
To a lesser extent the Fund may invest in similar types of bonds outside the Index, but whose risk and return characteristics closely resemble the risk and return characteristics of constituents of the Index or of the Index as a whole.
The Fund invests in securities which are denominated in currencies other than the base currency. Movements in currency exchange rates can affect the return of investments. Currency hedging techniques are used to minimise the risks associated with movements in currency exchange rates, where the Fund invests in securities denominated in currencies other than the listing currency, but these risks cannot be eliminated entirely. As this document relates to a share class where such techniques are used, the performance (see "Performance") of this share class is shown against the currency hedged version of the Index.
The Fund attempts to remain fully invested except in extraordinary market, political or similar conditions where the Fund may temporarily depart from this investment policy to avoid losses.
While the Fund is expected to track the Index as closely as possible, it typically will not match the performance of the targeted Index exactly, due to various factors such as expenses to be paid by the Fund and regulatory constraints. Details of these factors and the anticipated tracking error of the Fund are set out in the Prospectus.

Fund facts

Share class inception

25 Mar 2025

Listing date

27 Mar 2025

Investment structure

Irish UCITS

Share Class Assets'

Total Assets

—

Risk indicator

Strategy

Index

Asset Class

Bond

Domicile

Ireland

Investment method

Physical

Index ticker

H38855GB

Dividend schedule

Monthly

Benchmark

Bloomberg Global Treasury Developed Countries Float Adjusted Index Hedged in GBP

Legal entity

Vanguard Funds PLC

Germany, Guernsey, C.I., Luxembourg, Belgium, Switzerland, United Kingdom, Netherlands, Austria, Finland, Italy, Portugal, Sweden, Denmark, Ireland, France, Isle of Man, Norway, Jersey, C.I., Liechtenstein and Spain

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

Performance

Risk and Volatility

As at 30 Apr 2026

Beta

—

R²

—

1 year

3 years

—

5 years

—

Please note Beta and R-squared data will only display for funds with 3 full years of history.

The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

Portfolio data

Characteristics

Fundamentals	Fund	Benchmark	As at
Number of bonds	984	1,398	30 Apr 2026
	3.8%	3.8%	30 Apr 2026
	3.0%	2.8%	30 Apr 2026
	8.7 Years	8.7 Years	30 Apr 2026
	AA	AA	30 Apr 2026
	6.6 Years	6.6 Years	30 Apr 2026
Cash Investment	1.2%	—	30 Apr 2026

Market allocation

As at 30 Apr 2026

Country	Region	Fund	Benchmark	Variance +/-
United States of America	North America	47.20%	0.00%	47.20%
Japan	Pacific	9.79%	0.00%	9.79%
France	Europe	7.31%	0.00%	7.31%
Italy	Europe	6.95%	0.00%	6.95%
Germany	Europe	6.48%	0.00%	6.48%
United Kingdom	Europe	5.86%	0.00%	5.86%
Spain	Europe	4.49%	0.00%	4.49%
Canada	North America	2.11%	0.00%	2.11%
Australia	Pacific	1.68%	0.00%	1.68%
Belgium	Europe	1.59%	0.00%	1.59%
Netherlands	Europe	1.25%	0.00%	1.25%
Austria	Europe	1.18%	0.00%	1.18%
Portugal	Europe	0.62%	0.00%	0.62%
Finland	Europe	0.53%	0.00%	0.53%
Ireland	Europe	0.45%	0.00%	0.45%

Distribution by credit quality (% of funds)

As at 31 Mar 2026

Credit Rating	Fund	Benchmark	Variance +/-
AAA	12.89%	12.75%	0.14%
AA	56.80%	57.25%	-0.45%
A	22.50%	22.83%	-0.33%
BBB	6.93%	6.85%	0.09%
Not Rated	0.88%	0.32%	0.56%
Total	100.00%	100.00%

Distribution by credit issuer (% of funds)

As at 31 Mar 2026

Issuers	Fund	Benchmark	Variance +/-
Treasury/Federal	99.43%	99.99%	-0.55%
Other	1.33%	0.01%	1.32%
Cash	-0.77%	—	—
Total	100.00%	100.00%

Distribution by credit maturity (% of funds)

As at 31 Mar 2026

Maturity	Fund	Benchmark	Variance +/-
Under 1 Year	0.57%	0.01%	0.55%
1 - 5 Years	46.56%	47.14%	-0.58%
5 - 10 Years	26.63%	26.65%	-0.02%
10 - 15 Years	6.60%	6.74%	-0.14%
15 - 20 Years	7.41%	7.55%	-0.14%
20 - 25 Years	4.15%	4.00%	0.15%
Over 25 Years	8.08%	7.91%	0.17%
Total	100.00%	100.00%

Holdings details

As at 30 Apr 2026

Holding name	% of market value	Market value	Face amount	Coupon/Yield	Maturity date
Spain Government Bond	0.73891%	£1,108,526.53	940,000	3.10%	30 Jul 2031
Italy Buoni Poliennali Del Tesoro	0.59975%	£899,755.13	760,000	3.45%	15 Jul 2031
Italy Buoni Poliennali Del Tesoro	0.59708%	£895,749.43	800,000	0.25%	15 Mar 2028
United States Treasury Note/Bond	0.57360%	£860,527.27	879,000	4.13%	15 Feb 2036
Italy Buoni Poliennali Del Tesoro	0.57176%	£857,762.94	725,000	3.45%	15 Jul 2027
French Republic Government Bond OAT	0.55016%	£825,350.71	780,000	0.00%	25 Nov 2029
United Kingdom Gilt	0.54705%	£820,688.90	610,000	4.13%	22 Jul 2029
United States Treasury Note/Bond	0.48609%	£729,240.47	734,000	3.50%	31 Jan 2028
French Republic Government Bond OAT	0.47681%	£715,310.49	610,000	2.75%	25 Oct 2027
United States Treasury Note/Bond	0.46707%	£700,710.94	700,000	4.00%	28 Feb 2030

Prices and distribution

Prices

NAV Price (GBP)

£4.96

Change

-£0.01-0.27%

At closure 01 Jun 2026

Market value (GBP)

£4.96

Change

-£0.02-0.42%

At closure 01 Jun 2026

NAV 52-week high

£5.10

At closure 02 Jun 2026

Market value 52-week high

£5.10

At closure 02 Jun 2026

NAV 52-week low

£4.92

At closure 02 Jun 2026

Market value 52-week low

£4.91

At closure 02 Jun 2026

NAV 52-week difference

£0.19

Change

+3.66%

At closure 02 Jun 2026

Market value 52-week difference

£0.19

Change

+3.72%

At closure 02 Jun 2026

Outstanding shares

768,046

At closure 31 May 2026

Historical Prices

Date	NAV (GBP)	Market price (GBP)
01 Jun 2026	£4.9634	£4.9588
29 May 2026	£4.9768	£4.9795
28 May 2026	£4.9689	£4.9703
27 May 2026	£4.9614	£4.9653
26 May 2026	£4.9581	£4.9585
25 May 2026	£4.9531	—
22 May 2026	£4.9382	£4.9378
21 May 2026	£4.9293	£4.9230
20 May 2026	£4.9406	£4.9410
19 May 2026	£4.9151	£4.9123

Distribution history

Type	Distribution amount (per unit)	Ex-dividend date	Registration date	Payable date
Income	£0.0161	21 May 2026	22 May 2026	03 Jun 2026
Income	£0.0126	16 Apr 2026	17 Apr 2026	29 Apr 2026
Income	£0.0132	19 Mar 2026	20 Mar 2026	01 Apr 2026
Income	£0.0159	19 Feb 2026	20 Feb 2026	04 Mar 2026
Income	£0.0102	15 Jan 2026	16 Jan 2026	28 Jan 2026
Income	£0.0154	18 Dec 2025	19 Dec 2025	31 Dec 2025
Income	£0.0158	20 Nov 2025	21 Nov 2025	03 Dec 2025
Income	£0.0129	16 Oct 2025	17 Oct 2025	29 Oct 2025
Income	£0.0131	18 Sep 2025	19 Sep 2025	01 Oct 2025
Income	£0.0156	21 Aug 2025	22 Aug 2025	03 Sep 2025

Purchase information

Currencies and stock exchanges

Listed currencies: GBP

Base currency: GBP

Exchanges: London Stock Exchange

Global Government Bond UCITS ETF - GBP Hedged Distributing (VGGP)

About this fund

Fund objectives

Fund facts

Performance

Risk and Volatility

Portfolio data

Characteristics

Market allocation

Distribution by credit quality (% of funds)

Distribution by credit issuer (% of funds)

Distribution by credit maturity (% of funds)

Holdings details

Prices and distribution

Prices

Historical Prices

Distribution history

Purchase information

Currencies and stock exchanges

Fund codes