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    • Target Retirement 2025 Fund

    Target Retirement 2025 Fund - GBP Acc (VAR25GA)

    Related Documents
    NAV Price ()
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    NAV 52-week high
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    Risk Indicator
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    About this fund

    Fund objectives

    • 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) over the long-term (5 years or more) for investors planning to retire in or within approximately five years after 2025.
    • The Fund seeks to achieve its investment objective by investing at least 90% of its assets 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”).
    • It is intended that the Fund will invest in Associated Schemes which (i) provide exposure to shares issued by companies worldwide; and (ii) provide exposure to government and corporate bonds and other similar fixed income investments issued worldwide. In the case of both shares and bonds, the UK will generally form one of the largest single country exposures.
    • The Fund is actively managed in that the Investment Adviser has discretion in respect of the Associated Schemes in which the Fund may invest and the allocations to them, each of which may change over time. The Investment Adviser manages the Fund through the pre-determined periodic rebalancing of its exposure to shares and bonds (and other similar fixed income investments). Initially, the Fund’s portfolio will be comprised of approximately 65% by value of shares and 35% by value of bonds and other similar fixed income investments.
    • The Fund’s strategic allocation will alter gradually as the target year is approached and passed, becoming more conservative by moving from higher risk (such as shares) to mainly lower risk (such as bonds) investments, with the aim of reducing its exposure to short term changes in the value of its investments and the risk of erosion in the value of the investments of the Fund.
    • It is anticipated that, within seven years after 2025, the Fund will have a stable investment allocation comprised of approximately 70% bonds and other similar fixed income investments and 30% shares.
    • The Fund may also invest up to 20% of its assets directly in 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.
    • 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
    17 Dec 2015
    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 Target Retirement 2025 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 31 May 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
    BalancedFundAs at
    Portfolio turnover rate 18.9% 31 Mar 2026
    Cash Investment 0.2% 31 May 2026
    StocksFundAs at
    Number of stocks 9 31 May 2026
    Median market capital 66.7 B 31 May 2026
    20.5 x 31 May 2026
    2.7 x 31 May 2026
    13.8% 31 May 2026
    14.1% 31 May 2026
    BondsFundAs at
    Number of bonds 8 31 May 2026
    YTM (Yield to Maturity) effective — —
    Average Duration — —
    Average maturity — —
    Medium coupon — —

    Effective day is typically prior Friday. When this is a UK bank holiday the effective date will be amended to prior Thursday. During a UK bank holiday period the data attribute could be disclosed later than normal.

    Market allocation

    -

    Temporarily unavailable

    Distribution by credit quality (% of funds)

    -

    Temporarily unavailable

    Distribution by credit issuer (% of funds)

    -

    Temporarily unavailable

    Distribution by credit maturity (% of funds)

    -

    Temporarily unavailable

    Holdings details

    As at 31 May 2026

    Holding name% of market valueSectorRegionMarket valueShares
    Vanguard Investment Series PLC - Global Bond Index Fund 19.52898% IE £98,629,111.25 615,337.03
    Vanguard FTSE Developed World ex UK Equity Index Fund 19.45397% GB £98,250,305.93 108,709.653
    Vanguard Global Aggregate Bond UCITS ETF 16.62817% GB £83,978,907.61 3,240,137
    Vanguard FTSE UK All Share Index Unit Trust 8.60029% GB £43,434,876.97 118,631.418
    Vanguard US Equity Index Fund 6.98340% GB £35,268,960.71 27,915.583
    Vanguard Investment Series PLC - UK Government Bond Index Fund 5.23673% IE £26,447,549.74 194,099.63
    Vanguard Emerging Markets Stock Index Fund/Ireland 3.99888% IE £20,195,938.82 48,352.81
    Vanguard FTSE 100 UCITS ETF 3.08265% GB £15,568,614.95 280,642
    Vanguard FTSE North America UCITS ETF 3.00884% GB £15,195,842.64 107,646
    Vanguard Investment Series PLC - UK Investment Grade Bond Index Fund 2.26837% IE £11,456,191.80 110,440.18

    Total allocation percentages shown in the holdings details or the spreadsheet may not equal 100%, due to rounding or omission of cash and/or derivative instruments.

    Asset allocation

    As at 31 May 2026

    Percentage
    Bond 51.47%
    Short-term reserves 0.17%
    Stock 48.36%

    The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

    Weighted equity exposures exclude any temporary cash investments and equity index derivatives. Some short-term fixed income securities are classified as cash and are excluded from the weighted bond exposures.

    Prices and distribution

    Prices

    NAV Price (GBP)
    £213.31
    Change
    -£0.30-0.14%
    At closure 17 Jun 2026
    NAV 52-week high
    £213.61
    At closure 17 Jun 2026
    NAV 52-week low
    £186.04
    At closure 17 Jun 2026
    NAV 52-week difference
    £27.57
    Change
    +12.91%
    At closure 17 Jun 2026
    Historical Prices

    -

    Inception date

    17 Dec 2015

    Date NAV (GBP)
    17 Jun 2026 £213.3127
    16 Jun 2026 £213.6117
    15 Jun 2026 £213.5453
    12 Jun 2026 £212.1796
    11 Jun 2026 £211.2442
    10 Jun 2026 £209.5047
    09 Jun 2026 £210.7139
    08 Jun 2026 £210.9499
    05 Jun 2026 £211.0912
    04 Jun 2026 £212.8175

    Distribution history

    Distribution frequency

    —

    Historical performance 31 May 2026

    2.33%

    All dividends are reinvested for the "Accumulation" shares.

    The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

    Purchase information

    Currency

    Base currency: GBP

    Fund codes

    • Bloomberg:VAR25GA
    • ISIN:GB00BZ6VJB58
    • MEX ID:VVXXC
    • SEDOL:BZ6VJB5

    The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.

    SEDOL and SEDOL Masterfile® are registered trademarks of the London Stock Exchange Group PLC. SEDOL data was extracted from the London Stock Exchange SEDOL Masterfile®.