LifeStrategy® 40% Equity Fund

LifeStrategy® 40% Equity Fund - GBP Acc (VGLS40A)

Available in other share classes
Related Documents
Please note a shareholder notice has been sent to investors in the Vanguard LifeStrategy Funds ICVC range (20%, 40%, 60%, 80% and 100% Equity Funds) only. The notice outlines (1) updates to the Funds’ U.K. equity and fixed income exposure, change to take place on or around 27 March 2026; and (2) a reduction in the Ongoing Charges Figure (OCF), effective 27 January 2026. No action is required from shareholders; with the fund strategy and risk profile remaining unchanged. For full details, please see the shareholder notice in the fund announcement section of the website https://www.vanguard.co.uk/uk-fund-directory/documents/uk-domiciled-funds/fund-announcements
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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) 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
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Tax status
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Currency
GBP
Legal entity
Vanguard LifeStrategy® Funds ICVC
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 31 May 2026

Beta
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R²
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Annualized Tracking Error
1 year
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3 years
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5 years
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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
FundamentalsFundBenchmarkAs at
Number of stocks 7 — 31 May 2026
Median market capital 61.3 B — 31 May 2026
20.5 x — 31 May 2026
2.5 x — 31 May 2026
13.3% — 31 May 2026
12.3% — 31 May 2026
Portfolio turnover rate 10.2% — 31 Mar 2026

Market allocation

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Temporarily unavailable

Holdings details

As at 31 May 2026

Holding name% of market valueSectorRegionMarket valueShares
Vanguard Investment Series PLC - Global Bond Index Fund 29.07706% IE £1,671,105,083.55 10,425,855.266
Vanguard FTSE Developed World ex UK Equity Index Fund 28.37568% GB £1,630,795,733.85 1,804,403.932
Vanguard Global Aggregate Bond UCITS ETF 13.42084% GB £771,317,125.26 29,759,534
Vanguard FTSE UK All Share Index Unit Trust 8.41019% GB £483,346,884.52 1,320,140.18
Vanguard Investment Series PLC - UK Government Bond Index Fund 7.10968% IE £408,604,643.13 2,998,765.89
Vanguard Emerging Markets Stock Index Fund/Ireland 3.43422% IE £197,370,352.34 472,541.1
Vanguard Investment Series PLC - UK Investment Grade Bond Index Fund 2.82213% IE £162,192,493.99 1,563,570.91
Vanguard Investments Funds ICVC - Vanguard UK Inflation-Linked Gilt Index Fund 2.50780% GB £144,127,053.40 1,018,318.905
Vanguard Investment Series PLC - US Government Bond Index Fund 1.45002% IE £83,335,064.55 760,538.93
Vanguard Investment Series PLC - Euro Government Bond Index Fund 1.11391% IE £64,018,448.47 504,422.26

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.

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.

Prices and distribution

Prices

NAV Price (GBP)
£233.70
Change
-£0.01-0.00%
At closure 22 Jun 2026
NAV 52-week high
£234.13
At closure 23 Jun 2026
NAV 52-week low
£208.10
At closure 23 Jun 2026
NAV 52-week difference
£26.03
Change
+11.12%
At closure 23 Jun 2026
Historical Prices

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Inception date

23 Jun 2011

Date NAV (GBP)
22 Jun 2026 £233.6999
19 Jun 2026 £233.7067
18 Jun 2026 £234.1280
17 Jun 2026 £232.8985
16 Jun 2026 £233.1927
15 Jun 2026 £233.0578
12 Jun 2026 £231.5940
11 Jun 2026 £230.6755
10 Jun 2026 £228.9014
09 Jun 2026 £230.1920

Distribution history

Distribution frequency

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Historical performance 31 May 2026

2.20%

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:VGLS40A
  • Citi:ACDO
  • ISIN:GB00B3ZHN960
  • MEX ID:VVLFSU
  • SEDOL:B3ZHN96

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®.