Global Capital Stewards Equity Fund - GBP Inc (VAGSESA)
About this fund
Fund objectives
- The Fund seeks to provide an increase in the value of investments over the long-term (more than 5 years), through a combination of capital growth and income. The Fund aims to achieve this whilst selecting investments which meet certain sustainability criteria.
- The Fund is actively managed and seeks to achieve its investment objective by investing at least 90% of the Fund’s assets in shares issued by large companies worldwide which demonstrate good governance and act as good “stewards” of their capital. Such investments will be selected following a financial assessment, a governance assessment and in accordance with the sustainability approach.
- The Fund can invest in all countries, sectors and industries and will typically hold shares of 35 to 45 companies.
- The Fund will seek to invest in companies whose management teams and boards display strong corporate governance (i.e., companies that balance the interests of all customers, employees, communities and suppliers) in the pursuit of profits and consider environmental, social and governance risks and opportunities in their corporate strategy.
- The Fund will only invest in companies that have at least one of the following: (i) a net zero science-based target; (ii) a non- science-based target which is a public active emissions reduction target; or (iii) a combined scope 1+2 intensity (tons CO2/$M revenue) that is at least 25% below their industry average based on publicly disclosed emissions. Scope 3 emissions are not included.
- The Manager considers that investments in companies with significant exposure to certain activities would not be suitable for the Fund due to the impact that such companies have on society and/or the environment. The exclusions policy can be found at https://fund-docs.vanguard.com/Vanguard_Capital_Stewards_Equity_Fund_Exclusions_Policy.pdf The Fund will avoid investing in shares issued by companies involved in and/or deriving revenue (above a threshold specified by the Manager and set out in the exclusions policy) from thermal coal extraction or thermal coal-based power generation, production and generation of oil sands, production of tobacco related products, nuclear weapons and controversial weapons.
- 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.
- The FTSE All-World Index (the “Index”) serves as a reference benchmark for both performance comparison and weighted average carbon intensity comparison. Whilst the Fund may hold investments that are components of the Index, the Index is not considered during portfolio construction and the Manager will not manage the extent to which the Fund's investments differ from the Index.
- The Fund may use derivatives in order to reduce risk or cost and/or generate extra income or growth (known as “efficient portfolio management”). 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.
Note: Sustainable investment labels help investors find products that have a specific sustainability goal. This product does not have a UK sustainable investment label, as the sustainability characteristics are not aligned to the FCA's labelling criteria. For more information about sustainable investment labels, please see the FCA page linked here.
Fund facts
Wellington Management Company LLP
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 Aug 2026
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 stocks | 38 | 4,263 | 31 Aug 2026 |
| Median market capital | 117.1 B | 140.9 B | 31 Aug 2026 |
| 27.2 x | 21.0 x | 31 Aug 2026 | |
| 4.4 x | 3.6 x | 31 Aug 2026 | |
| 24.4% | 18.7% | 31 Aug 2026 | |
| 11.3% | 20.1% | 31 Aug 2026 | |
| Portfolio turnover rate | 93.6% | — | 31 Jul 2026 |
Market allocation
As at 31 Aug 2026
| Country | Region | Fund | Benchmark | Variance +/- |
|---|---|---|---|---|
| United States of America | North America | 56.95% | 61.71% | -4.76% |
| France | Europe | 9.63% | 2.00% | 7.63% |
| Netherlands | Europe | 7.31% | 1.14% | 6.17% |
| United Kingdom | Europe | 7.16% | 3.20% | 3.96% |
| Taiwan | Emerging Markets | 5.55% | 3.30% | 2.25% |
| Japan | Pacific | 4.07% | 5.98% | -1.91% |
| Spain | Europe | 3.25% | 0.87% | 2.38% |
| Hong Kong | Pacific | 3.19% | 0.47% | 2.72% |
| Singapore | Pacific | 1.65% | 0.38% | 1.27% |
| Finland | Europe | 1.24% | 0.25% | 0.99% |
| Turkey | Emerging Markets | 0.00% | 0.10% | -0.10% |
| Malaysia | Emerging Markets | 0.00% | 0.16% | -0.16% |
| Australia | Pacific | 0.00% | 1.61% | -1.61% |
| Canada | North America | 0.00% | 3.00% | -3.00% |
| Romania | Emerging Markets | 0.00% | 0.01% | -0.01% |
Holdings details
As at 30 Jun 2026
| Holding name | % of market value | Sector | Region | Market value | Shares |
|---|---|---|---|---|---|
| Taiwan Semiconductor Manufacturing Co Ltd | 6.04776% | Technology | TW | £6,057,672.50 | 106,277 |
| Microsoft Corp | 5.59717% | Technology | US | £5,606,334.39 | 19,948 |
| Visa Inc | 3.80221% | Industrials | US | £3,808,436.94 | 14,733 |
| Amphenol Corp | 3.59504% | Technology | US | £3,600,928.78 | 27,106 |
| ASML Holding NV | 3.49670% | Technology | NL | £3,502,429.88 | 2,362 |
| Advanced Micro Devices Inc | 3.33709% | Technology | US | £3,342,559.63 | 7,637 |
| Compass Group PLC | 3.00282% | Consumer Discretionary | GB | £3,007,740.77 | 123,592 |
| Cadence Design Systems Inc | 2.87202% | Technology | US | £2,876,724.50 | 10,173 |
| Industria de Diseno Textil SA | 2.87120% | Consumer Discretionary | ES | £2,875,905.03 | 60,570 |
| Automatic Data Processing Inc | 2.83731% | Industrials | US | £2,841,960.49 | 16,843 |
Prices and distribution
Prices
Historical Prices
-
Inception date
08 Dec 2021
| Date | NAV (GBP) |
|---|---|
| 08 Oct 2026 | £151.8865 |
| 07 Oct 2026 | £152.7482 |
| 06 Oct 2026 | £153.1117 |
| 05 Oct 2026 | £152.7480 |
| 02 Oct 2026 | £151.7493 |
| 01 Oct 2026 | £151.2851 |
| 30 Sept 2026 | £151.2553 |
| 29 Sept 2026 | £152.2990 |
| 28 Sept 2026 | £152.1066 |
| 25 Sept 2026 | £152.2773 |
Distribution history
Distribution frequency
Annually
Historical performance 30 Sept 2026
1.20%
| Type | Distribution amount (per unit) | Ex-dividend date | Registration date | Payable date |
|---|---|---|---|---|
| Income | £1.8102 | 03 Nov 2025 | 31 Oct 2025 | 31 Dec 2025 |
| Income | £2.6402 | 01 Nov 2024 | 31 Oct 2024 | 31 Dec 2024 |
| Income | £2.4220 | 01 Nov 2023 | 31 Oct 2023 | 29 Dec 2023 |
| Income | £1.6537 | 01 Nov 2022 | 31 Oct 2022 | 30 Dec 2022 |
Purchase information
Currency
Base currency:GBP
Fund codes
- Bloomberg:VAGSESA
- Citi:DTSU
- ISIN:GB00BMV9B514
- MEX ID:VVAAAV
- SEDOL:BMV9B51