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 20% 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 80% 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
Asset Class
Multi-Asset
Domicile
United Kingdom
Strategy
Index
Currency
GBP
Investment manager
Global Equity Index Management (GE)
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Performance
Portfolio data
Allocation to underlying Vanguard funds
As at 31 Dec 2025
Percentage
Global Bond Index Fund GBP Hedged Acc
18.62%
U.K. Government Bond Index Fund GBP Acc
15.32%
FTSE Developed World ex-U.K. Equity Index Fund GBP Acc
13.39%
Global Aggregate Bond UCITS ETF GBP Hedged Accumulating
12.60%
U.S. Government Bond Index Fund GBP Hedged Acc
6.77%
U.K. Investment Grade Bond Index Fund GBP Acc
5.97%
U.S. Investment Grade Credit Index Fund GBP Hedged Acc
5.55%
U.K. Inflation-Linked Gilt Index Fund GBP Acc
5.38%
Euro Government Bond Index Fund GBP Hedged Acc
5.23%
FTSE U.K. All Share Index Unit Trust GBP Acc
5.00%
Euro Investment Grade Bond Index Fund GBP Hedged Acc
3.00%
Emerging Markets Stock Index Fund GBP Acc
1.58%
Japan Government Bond Index Fund GBP Hedged Acc
1.51%
Total allocation percentages shown may not equal 100% due to rounding
Asset allocation
As at 31 Dec 2025
Percentage
Bond
79.97%
Short-term reserves
0.06%
Stock
19.97%
Prices and distribution
Prices
NAV Price (GBP)
£142.47
Change
-£0.10-0.07%
At closure 19 Jan 2026
NAV 52-week high
£142.74
At closure 20 Jan 2026
NAV 52-week low
£129.74
At closure 20 Jan 2026
NAV 52-week difference
£13.00
Change
+9.11%
At closure 20 Jan 2026
Historical Prices
-
Inception date
23 Jun 2011
Date
NAV (GBP)
19 Jan 2026
£142.4749
16 Jan 2026
£142.5747
15 Jan 2026
£142.7421
14 Jan 2026
£142.7178
13 Jan 2026
£142.4303
12 Jan 2026
£142.4493
09 Jan 2026
£142.3992
08 Jan 2026
£141.9631
07 Jan 2026
£142.0173
06 Jan 2026
£141.7124
Distribution history
Distribution frequency
Annually
Historical performance 31 Dec 2025
2.82%
Type
Distribution amount (per unit)
Ex-dividend date
Registration date
Payable date
Income
£3.9773
01 Apr 2025
31 Mar 2025
30 May 2025
Income
£3.4886
02 Apr 2024
28 Mar 2024
31 May 2024
Income
£2.1952
03 Apr 2023
31 Mar 2023
31 May 2023
Income
£1.8748
01 Apr 2022
31 Mar 2022
31 May 2022
Income
£1.7337
01 Apr 2021
31 Mar 2021
28 May 2021
Income
£2.1605
01 Apr 2020
31 Mar 2020
29 May 2020
Income
£2.2102
01 Apr 2019
29 Mar 2019
31 May 2019
Income
£1.9217
03 Apr 2018
29 Mar 2018
31 May 2018
Income
£0.2972
03 Apr 2017
31 Mar 2017
31 May 2017
Income
£1.5437
01 Feb 2017
31 Jan 2017
31 Mar 2017
Purchase information
Currency
Base currency: GBP
Fund codes
Bloomberg: VGLS20I
ISIN: GB00B4620290
MEX ID: VVLFSQ
SEDOL: B462029
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).