VGEA's largest holdings are Euro, Bundesschatzanweisungen, French Republic Government Bond OAT, Netherlands Government Bond, Bundesobligation. The full top list is on this page.

How concentrated is VGEA?

The top 10 holdings are 0.8% of the fund, across 526 positions.

The total expense ratio on record is 0.07%. That is cheaper than 90% of the 410 European UCITS other funds we track.

UCITS · Ireland · Accumulating

VGEA IE00BH04GL39

Eurozone government bonds

Vanguard EUR Eurozone Government Bd UCITS ETF EUR

VETA · Vanguard

526 holdings as of 2026-07-31 · top 10 = 0.8% · TER 0.07%

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Concentration

Well diversifiedtop 10 = 0.8%

diversifiedconcentrated

GROWTH · NAV (EUR)rebased to 0%

Holdings

526

as of 2026-07-31

Top 10

0.8%

TER

0.07%

cheaper than 90% of peers

Net assets

€5.47B

reported in EUR

Largest

1.2%

P / E

–

Sections

Holdings as of 2026-07-31.

01Overview

the fund's regulatory facts

Distribution

Accumulating

Fund currency

EUR

Domicile

Ireland

Structure

Open-ended

First listed

2019-02-19

Volatility 1Y

5.5%

Tracked index

Bloomberg Euro-Aggregate: Treasury Index in EUR

How it tracks

Physical, sampling

Risk rating

3 of 7

02Performance

market price return · as of 2026-10-09

-2.5%

-3.8%

-5.3%

YTD

-6.0%

-5.4%

Trackingfund minus Bloomberg Euro-Aggregate: Treasury Index in EUR · annualised

1Y return gap

-0.05 pp/yr

3Y return gap

-0.04 pp/yr

5Y return gap

-0.02 pp/yr

3Y tracking error

0.08%

A positive return gap means the fund finished ahead of the index over that window. The 3Y tracking error shows how variable that monthly gap was; lower means steadier tracking. MethodologyReturn gap and tracking errorReturn gap is the fund's return minus its index over the same months, converted to a yearly rate. Tracking error is the annualised standard deviation of those monthly fund-minus-index returns. Both lines come from the manager's own chart, in the same currency and the exact index variant the fund tracks. We use month-end values so different intraday valuation times are not mistaken for tracking error.. Not investment advice.

03Holdings

27 largest · as of 2026-07-31

#	Company	Identifier	Weight
1	Euro	EUR	0.4
2	Bundesschatzanweisungen DE	BKO	0.1
3	French Republic Government Bond OAT FR	FRTR	0.1
4	Netherlands Government Bond NL	NETHER	0.1
5	Bundesobligation DE	OBL	0.1
6	Estonia Government Bond EE	ESTGB	0.0
7	Eurex 10 Year Euro BUND Future DE	RXU6	0.0
8	Portugal Obrigacoes do Tesouro OT PT	PGB	0.0
9	Cyprus Government International Bond CY	CYPRUS	0.0
10	Spain Government Bond ES	SPGB	0.0
11	Kingdom of Belgium Government Bond BE	BGB	0.0
12	Italy Buoni Poliennali Del Tesoro IT	BTPS	0.0
13	US Dollar US	USD	0.0
14	Lithuania Government International Bond LT	LITHUN	0.0
15	Finland Government Bond FI	RFGB	0.0
16	Estonia Government International Bond EE	ESTONI	0.0
17	Ireland Government Bond IE	IRISH	0.0
18	Croatia Government International Bond HR	CROATI	0.0
19	C9TI7MO8HHS5NMN1	–	0.0
20	State of the Grand-Duchy of Luxembourg LU	LGB	0.0
21	Latvia Government International Bond LV	LATVIA	0.0
22	Republic of Austria Government Bond AT	RAGB	0.0
23	Bundesrepublik Deutschland Bundesanleihe DE	DBR	0.0
24	Slovakia Government Bond SK	SLOVGB	0.0
25	Hellenic Republic Government Bond GR	GGB	0.0
26	Bulgaria Government International Bond BG	BGARIA	0.0
27	Slovenia Government Bond SI	SLOREP	0.0

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04Exposure

Other 99.9%

By country

FRFrance24.0%

ITItaly21.8%

DEGermany19.4%

ESSpain13.9%

BEBelgium5.0%

NLNetherlands3.9%

ATAustria3.5%

PTPortugal1.9%

CurrencyEUR 99.2% USD 0.0%

Issuer's scenario analysisaverage return per year over 3 years

Stress

-9.5%

Unfavourable

-7.5%

Moderate

+0.7%

Favourable

+4.2%

05Similar funds

funds with comparable exposure

IEAC

Curated comparison

Comparecompare →

Ranked by how much of their holdings you already own through this fund. Overlap by weight where shown.

06Where it trades

11 exchanges

Exchange	MIC	Listed since
Börse Frankfurt	FRAA	2019-02-21
London Stock Exchange	XLON	2019-02-21
Xetra	XETA	2019-02-21
Börse Hamburg	HAMN	2019-02-25
Börse Düsseldorf	DUSD	2019-05-08
Börse München	MUNB	2019-08-30
Tradegate	XGAT	2019-11-27
Borsa Italiana	ETFP	2020-01-14
Börse Stuttgart	STUB	2020-01-16
Börse Hannover	HAND	2024-12-09
SIX Swiss Exchange	XSWX	–

Also admitted to 37 other venues, mostly multilateral trading facilities and regional segments.

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