Introducing BlendedLife
Our new range of model portfolios blending active and index funds: all at a low cost
Read our expert articleWhy choose BlendedLife Dynamic MPS?
Low cost
With an all-in-cost of 0.34% to 0.45%(1), BlendedLife is one of the lowest cost blended portfolios available to advisers (2).
Highly diversified
Over 23,000 equities and bonds, across 23 index and active funds (3).
A wealth of experience
We’ve collaborated with Wellington Management Company, one of the world’s oldest and most respected investment managers.
Staying balanced
Monitored and rebalanced for you every 3 months – so you can focus on your client relationships.
50 year track record
We have over 50 years’ experience in active fund manager selection and oversight.
(1) As at 24 February 2026. All-in costs include Ongoing Charges Figures (OCF) and an annual portfolio management fee that covers the discretionary management of the managed portfolio service, ongoing oversight, and regular rebalancing of the portfolios. The portfolio management fee is exclusive of VAT and any adviser, platform, or dealing charges. The OCF covers the fund manager’s costs of managing the fund. It does not include dealing costs or additional costs such as audit fees.
(2) Total fee for a blended MPS with balanced risk profile (model fee plus underlying OCF), across top 10 providers. Source: Morningstar Managed Portfolio Tool, data as at November 2025.
(3) Source: Vanguard, as at 24 February 2026.
What is BlendedLife Dynamic MPS?
BlendedLife Dynamic MPS combines index funds and active funds in a single portfolio.
Aims to deliver long-term growth.
Blends the potential outperformance of active with the diversification of low cost indexing.
Five asset mixes to choose from, from 20% equity to 100% equity.
Compare Vanguard Model Portfolios
See how our model portfolios compare to understand which might be right for your clients.
Vanguard LifeStrategy MPS Classic | Vanguard LifeStrategy MPS Global | Vanguard BlendedLife Dynamic MPS | |
|---|---|---|---|
Management style | Index | Index | Mix of index and active |
Asset allocation style | Asset allocation is set strategically for the long term. | Asset allocation is set strategically for the long term. | Uses long term forecasts to set asset allocation but can adjust that in response to market conditions. |
Investment manager | Vanguard Asset Management | Vanguard Asset Management | Vanguard Asset Management |
Investment adviser | Not applicable | Not applicable | Wellington Management Company |
Portfolio rebalancing | Quarterly | Quarterly | Quarterly |
Costs | All-in cost of 0.17%-0.18%(1). | All-in cost of 0.17%-0.18%(1). | All-in cost of 0.34% to 0.45%(1). |
Number of risk profiles | 5 | 5 | 5 |
Tilt to UK equities and bonds |
(1) As at 24 February 2026. All-in costs include Ongoing Charges Figures (OCF) and an annual portfolio management fee that covers the discretionary management of the managed portfolio service, ongoing oversight, and regular rebalancing of the portfolios. The portfolio management fee is exclusive of VAT and any adviser, platform, or dealing charges. The OCF covers the fund manager’s costs of managing the fund. It does not include dealing costs or additional costs such as audit fees.
Vanguard joining forces with Wellington
BlendedLife Dynamic is brought to you in collaboration with Wellington Management Company.
We’ve been offering multi-asset solutions with them since 1975, with Vanguard now managing more than £1,670bn(1) in assets worldwide.
What Vanguard does
Provides index funds, active fixed income funds and our Global Emerging Markets active equity fund for the portfolios.
Uses 50 years of experience in active management search and oversight to choose third party active equity funds.
Provides oversight and rebalances the portfolios.
What Wellington does
Uses proprietary modelling and over a century of investment expertise to provide asset allocation advice.
Uses long term forecasts to set asset allocation but can adjust that in response to market conditions.
Uses a detailed framework for allocating between index and active funds.
(1) Source: Vanguard, as at 31 December 2025
BlendedLife Dynamic MPS is available on:
7im, Abrdn Wrap, Aegon Retirement Choices, Aviva, Quilter, Transact and AJ Bell.
Client-facing documents
Ready to share materials to support your client conversations.
Brochure
Vanguard’s BlendedLife Dynamic Model Portfolio Service
A client-friendly explanation of our BlendedLife Dynamic Model Portfolio Service
Quarterly Reports
Full range report
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Adviser documents
Costs and charges
Risk ratings for BlendedLife Model Portfolios
If you'd like to read more about how the BlendedLife range has been rated, you can access the risk ratings below. Risk reports from Dynamic Planner, Defaqto and EValue will be available soon.
Investment risk information
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Some funds invest in emerging markets which can be more volatile than more established markets. As a result the value of your investment may rise or fall.
Investments in smaller companies may be more volatile than investments in well-established blue chip companies.
Funds investing in fixed interest securities carry the risk of default on repayment and erosion of the capital value of your investment and the level of income may fluctuate. Movements in interest rates are likely to affect the capital value of fixed interest securities. Corporate bonds may provide higher yields but as such may carry greater credit risk increasing the risk of default on repayment and erosion of the capital value of your investment. The level of income may fluctuate and movements in interest rates are likely to affect the capital value of bonds.
The Funds may use derivatives in order to reduce risk or cost and/or generate extra income or growth. The use of derivatives could increase or reduce exposure to underlying assets and result in greater fluctuations of the Fund's net asset value. A derivative is a financial contract whose value is based on the value of a financial asset (such as a share, bond, or currency) or a market index.
Some funds invest in securities which are denominated in different currencies. Movements in currency exchange rates can affect the return of investments.
For further information on the model portfolio(s) risks please see the Understanding the Risks: Vanguard BlendedLife model portfolio solutions document as well as the “Risk Factors” section of the prospectus of the underlying funds on our website. For third-party funds, please visit the respective provider’s website.
Important information
This is directed at professional investors and should not be distributed to, or relied upon by retail investors.
This is designed for use by, and is directed only at persons resident in the UK.
The information contained herein is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so. The information is general in nature and does not constitute legal, tax, or investment advice. Potential investors are urged to consult their professional advisers on the implications of making an investment in, holding or disposing of shares and /or units of, and the receipt of distribution from any investment.
The Manager of the Ireland domiciled funds may determine to terminate any arrangements made for marketing the shares in one or more jurisdictions in accordance with the UCITS Directive, as may be amended from time-to-time.
For investors in UK domiciled funds, a summary of investor rights is available in English.
For investors in Ireland domiciled funds, a summary of investor rights is available in English, German, French, Spanish, Dutch and Italian.