The Fund seeks to provide a return on your investment (through an increase in the value of, and income received from, assets held by the Fund) within a pre-defined asset allocation over the medium term (3 years or more).
The Fund is actively managed and seeks to achieve its investment objective by investing at least 90% of its assets by value in a diversified portfolio of passive funds that seek to track the performance of an index, and which are managed or operated by the ACD or other companies in the Vanguard Group of Companies (“Associated Schemes”).
The pre-defined asset allocation for the Fund means that it is intended that the Fund will invest: (1) approximately 40% of its assets by value in Associated Schemes which provide exposure to shares of companies worldwide. Approximately 25% of such investments (by value) will be in UK listed companies; and (2) approximately 60% of its assets by value in Associated Schemes which provide exposure to government and corporate bonds and other similar fixed income investments worldwide. Approximately 35% of such investments (by value) will be in Sterling-denominated investments (including UK government bonds (gilts), government related bonds, index-linked gilts and investment-grade bonds), which may include Sterling-denominated bonds issued by companies outside the UK.
This Fund is part of a range of funds. Within this range, a fund which invests more in Associated Schemes that provide exposure to shares of companies will typically be riskier than a fund which invests more in Associated Schemes that provide exposure to government and corporate bonds and other similar fixed income investments.
The Fund may also invest up to 10% of its assets directly in transferable securities (such as shares, bonds and other similar fixed income investments, which will generally be components of the indices tracked by the Associated Schemes), money market instruments and deposits.
In addition to the pre-defined asset allocation, the Investment Adviser will aim to maintain a strategic asset allocation that is designed using research conducted by Vanguard. The Fund does not aim to outperform this strategic asset allocation.
The Fund attempts to remain fully invested and hold small amounts of cash except in extraordinary market, political or similar conditions where the Fund may temporarily depart from this investment policy to avoid losses.
Fund facts
Share class inception
23 Jun 2011
Minimum initial investment
£100,000.00
Investment structure
UK OEIC
Share Class Assets'
Total Assets
Strategy
Index
Asset Class
Multi-Asset
Domicile
United Kingdom
Dividend schedule
—
Currency
GBP
Investment manager
Global Equity Index Management (GE)
Benchmark
Vanguard LifeStrategy® 40% Equity Composite Index
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
As at 28 Feb 2026
Beta
—
R²
—
Annualized Tracking Error
1 year
—
3 years
—
5 years
—
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
Balanced
Fund
As at
Portfolio turnover rate
11.7%
31 Dec 2025
Cash Investment
0.1%
28 Feb 2026
Stocks
Fund
As at
Number of stocks
7
28 Feb 2026
Median market capital
62.5 B
28 Feb 2026
21.0 x
28 Feb 2026
2.5 x
28 Feb 2026
13.0%
28 Feb 2026
13.1%
28 Feb 2026
Bonds
Fund
As at
Number of bonds
11
28 Feb 2026
YTM (Yield to Maturity) effective
—
—
Average Duration
—
—
Average maturity
—
—
Medium coupon
—
—
Market allocation
-
Temporarily unavailable
-
Temporarily unavailable
Distribution by credit issuer (% of funds)
-
Temporarily unavailable
Distribution by credit maturity (% of funds)
-
Temporarily unavailable
Holdings details
As at 28 Feb 2026
Holding name
% of market value
Sector
Region
Market value
Shares
Vanguard FTSE Developed World ex UK Equity Index Fund
19.26968%
GB
£1,130,366,055.95
1,352,048.301
Vanguard Investment Series PLC - Global Bond Index Fund
18.93537%
IE
£1,110,755,374.08
6,847,186.42
Vanguard Investment Series PLC - UK Government Bond Index Fund
11.36137%
IE
£666,461,819.04
4,746,459.85
Vanguard FTSE UK All Share Index Unit Trust
10.10293%
GB
£592,641,413.24
1,577,556.851
Vanguard US Equity Index Fund
5.57019%
GB
£326,749,467.81
284,623.41
Vanguard Global Aggregate Bond UCITS ETF
4.85573%
GB
£284,838,825.36
10,858,945
Vanguard Investment Series PLC - US Government Bond Index Fund
4.85194%
IE
£284,616,342.80
2,552,116.25
Vanguard Investment Series PLC - UK Investment Grade Bond Index Fund
4.52108%
IE
£265,208,186.99
2,525,313.65
Vanguard Investments Funds ICVC - Vanguard UK Inflation-Linked Gilt Index Fund
4.10530%
GB
£240,818,240.91
1,640,337.258
Vanguard Investment Series PLC - Euro Government Bond Index Fund
3.76915%
IE
£221,099,650.59
1,728,130.83
Asset allocation
As at 28 Feb 2026
Percentage
Bond
59.67%
Short-term reserves
0.15%
Stock
40.18%
Prices and distribution
Prices
NAV Price (GBP)
£222.11
Change
+£1.330.60%
At closure 01 Apr 2026
NAV 52-week high
£230.07
At closure 02 Apr 2026
NAV 52-week low
£195.33
At closure 02 Apr 2026
NAV 52-week difference
£34.74
Change
+15.10%
At closure 02 Apr 2026
Historical Prices
-
Inception date
23 Jun 2011
Date
NAV (GBP)
01 Apr 2026
£222.1127
31 Mar 2026
£220.7820
30 Mar 2026
£219.3874
27 Mar 2026
£218.4681
26 Mar 2026
£219.4666
25 Mar 2026
£221.5015
24 Mar 2026
£219.7977
23 Mar 2026
£219.6857
20 Mar 2026
£219.6438
19 Mar 2026
£221.6098
Distribution history
Distribution frequency
—
Historical performance 28 Feb 2026
2.01%
All dividends are reinvested for the "Accumulation" shares.
Purchase information
Currency
Base currency: GBP
Fund codes
Bloomberg: VGLS40A
ISIN: GB00B3ZHN960
MEX ID: VVLFSU
SEDOL: B3ZHN96
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 31 Mar 2026
The share price of a stock divided by its per-share earnings over the past year. For a portfolio, the weighted average P/E ratio of the stocks in the portfolio. P/E is a good indicator of market expectations about a company's prospects; the higher the P/E, the greater the expectations for a company's future growth in earnings.
The price per share of a stock divided by its book value (i.e., net worth) per share. For a portfolio, the ratio is the weighted average price/book ratio of the stocks it holds.
An amount, expressed as a percentage, earned on a company's common stock investment for a specific time frame. This figure tells shareholders how effectively their money is being utilised.
The average annual rate of growth in earnings over the past five years for the stocks in a portfolio.