UCITS · Ireland · Accumulating
VECU IE00BGYWT510
Euro-denominated corporate bonds (USD hedged)
VANGUARD EUR CORP BD UCITS ETF USH
Vanguard
3,598 holdings as of 2026-08-31 · top 10 = 1.4% · TER 0.10% · P/E 14.5
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Concentration
Well diversifiedtop 10 = 1.4%
diversifiedconcentrated
GROWTH · NAV (USD)rebased to 0%
Holdings
3,598
as of 2026-08-31
Top 10
1.4%
TER
0.10%
cheaper than 81% of peers
Net assets
US$6.87B
reported in USD
Largest
0.4%
P / E
14.5
covers 49% by weight
Sections
Holdings as of 2026-08-31.
01Overview
Distribution
Accumulating
Fund currency
USD
Domicile
Ireland
Structure
Open-ended
First listed
2025-04-08
Volatility 1Y
3.2%
Tracked index
Bloomberg Euro-Aggregate Corporates Index
How it tracks
Physical, sampling
Risk rating
2 of 7
02Valuation and performance
1M
+0.6%
3M
-1.1%
6M
-0.3%
YTD
+0.2%
1Y
+0.2%
Valuation327 companies covered · weighted, profitable holdings only
14.5
price / earnings
MethodologyCompany-data coverageThe rest is 2% loss-making companies, which carry no P/E by the positive-earner convention; 39% bonds, cash or other non-equity; 10% cannot be reliably linked to the financial and market data used in this analysis. We exclude uncertain matches rather than estimate them.
6.4%
MethodologyEarnings yieldP/E is price over earnings; earnings yield is the reverse, earnings over price, and reads like a bond yield. P/E covers only the profitable holdings, since a loss-making company has no meaningful P/E. Earnings yield counts the loss-makers too, so it covers more of the fund and can fall below zero when the holdings lose money overall.
covers 50% by weight
1.42
price / book
covers 46% by weight
Computed from company filings and reported position values. MethodologyPortfolio valuationComputed by us from each company's own financial statements and the position values funds report, currency-adjusted and weighted harmonically. P/E covers profitable holdings only. Book value uses the most recent reported quarter.. Not investment advice.
03Holdings
| # | Company | Identifier | Weight |
|---|---|---|---|
| 1 | Euro | EUR | |
| 2 | Eurex 10 Year Euro BUND Future DE | RXU6 | |
| 3 | Eurex 5 Year Euro BOBL Future DE | OEU6 | |
| 4 | Sky Ltd GB | CMCSA | |
| 5 | TotalEnergies Capital Canada Ltd CA | TTEFP | |
| 6 | Carnival UK Ltd GB | CCL | |
| 7 | easyJet FinCo BV NL | EZJLN | |
| 8 | Caterpillar Financial Services Corp US | CAT | |
| 9 | Bayer Capital Corp BV NL | BAYNGR | |
| 10 | Rentokil Initial PLC GB | RTOLN | |
| 11 | Wienerberger AG AT | WIE | |
| 12 | Barclays Bank PLC GB | BACR | |
| 13 | Haleon UK Capital PLC GB | HLNLN | |
| 14 | BOSTON SCIENTIFIC CORPORATION US | BSX | |
| 15 | NETFLIX INC US | NFLX | |
| 16 | BNP Paribas Cardif SA FR | BNP | |
| 17 | Smiths Group PLC GB | SMINLN | |
| 18 | Kommunalkredit Austria AG AT | KA | |
| 19 | NAVER Corporation KR | 035420 | |
| 20 | K+S AG DE | SDFGR | |
| 21 | Utah Acquisition Sub Inc US | VTRS | |
| 22 | ANZ New Zealand Int'l Ltd/London NZ | ANZNZ | |
| 23 | DOVER CORPORATION US | DOV | |
| 24 | Luminor Bank AS/Estonia EE | LUMINO | |
| 25 | Gatwick Funding Ltd JE | GATAIR | |
| 26 | Equinix, Inc. US | EQIX | |
| 27 | CapitaLand Ascendas REIT SG | CLAR | |
| 28 | Galderma Finance Europe BV NL | GALDSW | |
| 29 | MONDI FINANCE EUROPE GMBH AT | MNDILN | |
| 30 | BUNGE FINANCE EUROPE BV NL | BG | |
| 31 | Altria Group Inc US | MO | |
| 32 | Macquarie Bank Ltd AU | MQGAU | |
| 33 | Harley-Davidson Financial Services Inc US | HOG | |
| 34 | OPENBANK DEUTSCHLAND AG DE | SCBGER | |
| 35 | Mastercard Inc US | MA | |
| 36 | Aker BP ASA NO | AKRBP | |
| 37 | Molson Coors Beverage Co US | TAP | |
| 38 | BAXTER INTERNATIONAL INC. US | BAX US | |
| 39 | Firmenich Productions Participations SAS FR | DSFIR | |
| 40 | MTU Aero Engines Holding AG DE | MTXGR | |
| 41 | VAR ENERGI ASA NO | VAR | |
| 42 | BlackRock Funding Inc/DE US | BLK | |
| 43 | Viridium Group Sarl LU | VRDIUM | |
| 44 | BAT Netherlands Finance BV NL | BATSLN | |
| 45 | Simon Global Development BV NL | SPG | |
| 46 | Swiss Re Finance UK PLC GB | SRENVX | |
| 47 | REWE International Finance BV NL | REWEEG | |
| 48 | GLOBAL PAYMENTS INC. US | GPN | |
| 49 | AMAZON.COM INC US | AMZN | |
| 50 | BNI FINANCE BV GB | CCEP |
04Exposure
Equity 61.3%Bonds 2.5%Other 36.2%
By sector
Financial Services27.3%
Industrials5.0%
Communication Services5.0%
Consumer Defensive4.5%
Consumer Cyclical3.9%
Real Estate3.4%
Utilities3.2%
Healthcare2.9%
Materials1.8%
Technology1.6%
Energy0.9%
By country
FRFrance18.6%
USUnited States17.1%
NLNetherlands13.9%
DEGermany8.8%
GBUnited Kingdom7.8%
ITItaly5.5%
ESSpain5.4%
LULuxembourg3.8%
CurrencyEUR 63.9% USD 17.3% GBP 7.9% SEK 2.2% JPY 1.8%
Issuer's scenario analysisaverage return per year over 3 years
Stress
-6.2%
Unfavourable
-3.5%
Moderate
+4.0%
Favourable
+7.6%
06Where it trades
| Exchange | MIC | Listed since |
|---|---|---|
| London Stock Exchange | XLON | 2025-04-10 |
Also admitted to 8 other venues, mostly multilateral trading facilities and regional segments.
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