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
Asset Class
Multi-Asset
Domicile
United Kingdom
Strategy
Index
Currency
GBP
Investment manager
Vanguard Asset Management, Ltd.
Europe Equity Index Team
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 30 Nov 2025
Percentage
FTSE Developed World ex-U.K. Equity Index Fund GBP Acc
19.31%
Global Bond Index Fund GBP Hedged Acc
18.98%
U.K. Government Bond Index Fund GBP Acc
11.24%
FTSE U.K. All Share Index Unit Trust GBP Acc
10.05%
U.S. Equity Index Fund GBP Acc
5.89%
U.S. Government Bond Index Fund GBP Hedged Acc
4.87%
Global Aggregate Bond UCITS ETF GBP Hedged Accumulating
4.86%
U.K. Investment Grade Bond Index Fund GBP Acc
4.70%
U.K. Inflation-Linked Gilt Index Fund GBP Acc
4.02%
Euro Government Bond Index Fund GBP Hedged Acc
3.76%
Emerging Markets Stock Index Fund GBP Acc
3.18%
U.S. Investment Grade Credit Index Fund GBP Hedged Acc
2.56%
Euro Investment Grade Bond Index Fund GBP Hedged Acc
2.11%
USD Corporate Bond UCITS ETF GBP Hedged Accumulating
1.53%
Japan Government Bond Index Fund GBP Hedged Acc
1.15%
FTSE Developed Europe ex-U.K. Equity Index Fund GBP Acc
0.93%
Japan Stock Index Fund GBP Acc
0.55%
Pacific ex-Japan Stock Index Fund GBP Acc
0.24%
Total allocation percentages shown may not equal 100% due to rounding
Asset allocation
As at 30 Nov 2025
Percentage
Bond
59.77%
Short-term reserves
0.08%
Stock
40.15%
Prices and distribution
Prices
NAV Price (GBP)
£224.64
Change
+£0.920.41%
At closure 09 Jan 2026
NAV 52-week high
£224.64
At closure 11 Jan 2026
NAV 52-week low
£195.33
At closure 11 Jan 2026
NAV 52-week difference
£29.31
Change
+13.05%
At closure 11 Jan 2026
Historical Prices
-
Inception date
23 Jun 2011
Date
NAV (GBP)
09 Jan 2026
£224.6441
08 Jan 2026
£223.7210
07 Jan 2026
£223.8468
06 Jan 2026
£223.6242
05 Jan 2026
£222.7924
02 Jan 2026
£221.9020
31 Dec 2025
£222.1165
30 Dec 2025
£222.7401
29 Dec 2025
£222.5683
24 Dec 2025
£222.2220
Distribution history
Distribution frequency
—
Historical performance 31 Dec 2025
2.08%
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).