The Fund aims to preserve capital, maintain a high level of liquidity within the Fund’s portfolio of assets and provide a return in line with Euro money market rates. Money invested in the Fund is not protected or guaranteed.
The Fund is a Short-Term Variable NAV Money Market Fund in accordance with the EU Money Market Fund Regulation and will comply with the investment and diversification restrictions set out in the Fund Supplement.
The Fund employs an “active management” strategy in seeking to achieve its objective by investing in securities that are eligible assets according to Article 9 of the EU MMFR . The Fund seeks to primarily invest in high-quality EUR denominated Treasury Bills (short-term securities issued by Governments), Agency and Supranational issued commercial paper (unsecured short-term debt instruments issued by corporations or other entities including public or local authorities), Time Deposits (fixed term investment that gathers interest over the period of its term) and reverse repurchase agreements (instruments under which the Fund acquires ownership of securities from a seller who agrees to repurchase the securities at a mutually agreed date and at an agreed repurchase price).
The Fund may measure its performance against the compounded Euro Short-Term Rate (€STR), the rate published by the European Central Bank, which reflects the wholesale euro unsecured overnight borrowing costs of banks located in the Euro area. The Investment Manager has discretion to select the Fund’s investments and is not restricted to selecting investments from any benchmark.
The securities held by the Fund may be issued or guaranteed by Governments, Government Agencies or Local Authorities (including those that do not participate in the Economic and Monetary Union (EMU)), Supranational bodies or corporate issuers.
The weighted average maturity of the Fund’s portfolio will not exceed 60 days, and the weighted average life of the Fund’s portfolio will not exceed 120 days. At least 7.5% of the Fund’s portfolio will be daily maturing assets, reverse repurchase agreements or cash which may be terminated or withdrawn by giving prior notice of one working day. At least 15% of the Fund’s portfolio will be comprised of weekly maturing assets, reverse repurchase agreements or cash which may be terminated or withdrawn by giving prior notice of five working days and money market instruments or units or shares in other money market funds provided they can be redeemed and settled within five working days (provided such money market instrument or units or shares will only constitute a maximum of 7.5% of the weekly maturing assets).
The Fund will only invest in EUR denominated securities (which may include securities from issuers inside and outside the EMU) that are high credit quality pursuant to the Manager's internal credit quality assessment procedure and with a maturity at issuance or residual term to maturity of 397 days or less.
Information on the Fund's portfolio can be found at https:// www.ie.vanguard/ products. The Indicative Net Asset Value for the Fund is calculated throughout the trading day and is published on Bloomberg or Reuters.
Fund facts
Share class inception
09 Dec 2025
Listing date
11 Dec 2025
Investment structure
Irish UCITS
Share Class Assets'
—
Total Assets
—
Risk indicator
Strategy
Active
Asset Class
Money Market
Domicile
Ireland
Tax status
Switzerland, United Kingdom, Austria and Italy reporting
Investment method
Physical
Index ticker
ESTCINDX
Dividend schedule
—
Benchmark
Euro Short Term Rate (€STR)
Legal entity
Vanguard Funds PLC
Investment manager
Vanguard Asset Management, Ltd.
Global Fixed Income Team
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
-
Sorry, this information is not available yet. It will display a year after inception date.
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 issuers
—
—
—
59.0 Days
—
19 Dec 2025
59.0 Days
—
19 Dec 2025
Net yield
1.94%
—
19 Dec 2025
Yield to maturity
—
—
—
Market allocation
-
Temporarily unavailable
-
Temporarily unavailable
Distribution by credit issuer (% of funds)
-
Temporarily unavailable
Distribution by credit maturity (% of funds)
-
Temporarily unavailable
Top 10 holdings
As at 26 Dec 2025
Rank
Holding
Country
Maturity
Asset type
% Market Value
1
JP Morgan Securities PLC
US
29/12/25
9.77%
2
TRPTY BNP 1.95% 12/29/25 /EUR/
—
9.73%
3
Royal Bank of Canada/Antigua & Barbuda
CA
29/12/25
Money Market
9.73%
4
BNG Bank NV
NL
12/01/26
Government Bond
3.18%
5
Netherlands Government Bond
NL
15/01/26
Government Bond
3.18%
6
Svensk Exportkredit AB
SE
13/04/26
Government Bond
2.79%
7
CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK SA
FR
29/12/25
Money Market
2.78%
8
Republic of Austria Government Bond
AT
15/03/26
Government Bond
2.00%
9
Kreditanstalt fuer Wiederaufbau
DE
29/05/26
1.99%
10
Bundesschatzanweisungen
DE
19/03/26
Government Bond
1.99%
The 10 main holdings represent 47.10% of the market value
Prices and distribution
Prices
NAV Price (EUR)
€15.02
Change
+€0.000.01%
At closure 30 Dec 2025
Market value (EUR)
€15.02
Change
-€0.00-0.00%
At closure 30 Dec 2025
NAV 52-week high
€15.02
At closure 31 Dec 2025
Market value 52-week high
€15.02
At closure 31 Dec 2025
NAV 52-week low
€15.00
At closure 31 Dec 2025
Market value 52-week low
€15.00
At closure 31 Dec 2025
NAV 52-week difference
€0.02
Change
+0.11%
At closure 31 Dec 2025
Market value 52-week difference
€0.02
Change
+0.15%
At closure 31 Dec 2025
Outstanding shares
—
Historical Prices
-
Inception date
09 Dec 2025
Listing date
11 Dec 2025
Date
NAV (EUR)
Market price (EUR)
30 Dec 2025
€15.0166
€15.0212
29 Dec 2025
€15.0156
€15.0217
26 Dec 2025
€15.0147
—
24 Dec 2025
€15.0134
€15.0168
23 Dec 2025
€15.0122
€15.0168
22 Dec 2025
€15.0100
€15.0166
19 Dec 2025
€15.0091
€15.0130
18 Dec 2025
€15.0074
€15.0097
17 Dec 2025
€15.0060
€15.0094
16 Dec 2025
€15.0051
€15.0080
Distribution history
Distribution frequency
—
Historical performance
—
All dividends are reinvested for the "Accumulation" shares.
Purchase information
Currencies and stock exchanges
Listed currencies: EUR
Base currency: EUR
Exchanges: Deutsche Boerse, Borsa Italiana S.p.A., NYSE Euronext - Amsterdam,
Fund codes
Citi: BXQA6
ISIN: IE000SOORXS0
MEX ID: VRAAKY
ISIN: IE000SOORXS0
Ticker iNav Bloomberg: IVCSHAEUR
Bloomberg: VCSHA NA
ISIN: IE000SOORXS0
Reuters: VCSHA.AS
SEDOL: BTLMCL2
Ticker iNav Bloomberg: IVCSHAEUR
Exchange ticker: VCSHA
Bloomberg: VCSHA IM
ISIN: IE000SOORXS0
Reuters: VCSHA.MI
SEDOL: BTLMCH8
Ticker iNav Bloomberg: IVCAAEUR
Bloomberg: VCAA GY
Exchange ticker: VCAA
ISIN: IE000SOORXS0
Reuters: VCAA.DE
SEDOL: BVZL1V2
The sum of investment management fees (the fees paid to the portfolio manager to invest your money and manage the fund) and administrative and other expenses (which cover all costs and expenses connected with the operation of the fund, which includes administrative fees, shareholder's registration and transfer agency fees, custody fees and all other operating expenses).
As at 11 Dec 2025
Weighted average life (WAL) of an amortizing loan or amortising bond, also called average life, is the weighted average of the times of the principal repayments: it's the average time until a dollar of principal is repaid.
Weighted average maturity (WAM) is the weighted average amount of time until the maturities on mortgages in a mortgage-backed security (MBS). This term is used more broadly to describe maturities in a portfolio of debt securities, including corporate debt and municipal bonds.