Vanguard S&P 500 UCITS ETF (USD) Accumulating is an index product from Vanguard that tracks the S&P 500 index. It is domiciled in Ireland and complies with UCITS rules, so it can be sold to retail investors across the EU.

VUAA has a TER of 0.07% a year, taken daily from the fund's value. With €10,000 invested that is about €7 a year. Your broker or bank may add dealing or custody fees.

Can VUAA be switched without paying tax?

No. ETFs are excluded from the tax-free switching regime, so to change product you must sell and pay tax on the gain. If you want to be able to switch, look for an index mutual fund on the same index.

Does VUAA pay dividends?

No. It is accumulating: dividends are reinvested inside the fund and you pay no tax on them until you sell.

US equities · ETF

VUAA — Vanguard S&P 500 UCITS ETF (USD) Accumulating

ISIN IE00BFMXXD54

Vanguard S&P 500 UCITS ETF (USD) Accumulating is a UCITS ETF from Vanguard that tracks the S&P 500 index. It charges a 0.07% TER a year (about €7 for every €10,000 invested), is accumulating and is domiciled in Ireland.

TER (ongoing charges): 0.07%
Type: ETF
Dividends: Accumulating
Approximate fund size: €32B

What does it cost?

A 0.07% TER costs about €7 a year for every €10,000 invested. It sounds small, but it compounds: in a plan of €10,000 up front plus €200 a month for 30 years at 7% a year before costs, it trims the final pot by about €5,020 compared with a fund that charged nothing.

Project your investment in VUAA with the calculator →

Tax in Spain

VUAA is an ETF, so it cannot be switched tax-free: if you sell it to change product, the gain is taxed that year in the savings band of Spanish income tax (19% to 30%). As long as you do not sell, growth is not taxed.

Work out the tax on a sale and compare fund versus ETF →

Key facts

ISIN: IE00BFMXXD54
Tickers: VUAA
Provider: Vanguard
Index: S&P 500
Type: ETF
TER (ongoing charges): 0.07%
Dividends: Accumulating
Domicile: Ireland
Replication: Physical, full
Currency hedged: No
Launch date: May 14, 2019
Approximate fund size: €32B
Tax-free switch (Spain): No

Alternatives in US equities

Comparisons

US equivalent: VOO, SPY, IVV. US-domiciled ETFs are not available to EU retail investors (PRIIPs rules).

Frequently Asked Questions

Figures checked on September 30, 2026 against justETF and Finect/Morningstar. Always confirm them in the provider's key information document (KID) before investing.