Sterling Short-Term Money Market Fund - GBP Inc (VASSTAI)

NAV Price ()
Number of issuers
Risk Indicator

About this fund

Fund objectives

  • The Vanguard Sterling Short-Term Money Market Fund (the “Fund”) seeks to provide stability in the value of investments, liquidity and exposure to a variety of investments that typically perform differently from one another while maximising income earned from distributions such as interest (as opposed to that derived from an increase in the value of investments).
  • The Fund seeks to achieve this objective by investing in short-term money market instruments including but not limited to bank certificates of deposits, commercial paper, corporate and sovereign variable and fixed rate bonds, UK Government bills, short term agreements to purchase / sell securities with an obligation to sell / repurchase the securities back at a later date (referred to as ’repurchase and reverse repurchase agreements’) and cash deposits.
  • The Fund is an active fund. The Fund is not recommended for investors seeking an increase in the value of investments over the long-term (more than 5 years).
  • These types of instruments may be issued by both UK and non-UK issuers.
  • The Fund may invest up to 100% of its investments in money market instruments issued or guaranteed as to principal and interest by the UK government, its agencies or instrumentalities.

Fund facts

Share class inception
17 Jul 2019
Minimum initial investment
£100,000.00
Investment structure
UK OEIC
Share Class Assets'
Total Assets
Strategy
Active
Asset Class
Money Market
Domicile
United Kingdom
Dividend schedule
Monthly
Tax status
Currency
GBP
Investment manager
Vanguard Global Advisers, LLC
Global Fixed Income Team
Benchmark
SONIA

An investment in a money market fund is not a guaranteed investment. It is different from an investment in deposits in that the value of an investment in a money market fund may fall or rise and the investor may get back less than they invested. Money market funds do not rely on external support for guaranteeing the liquidity of the money market fund or stabilising the Net Asset Value per Share and the risk of loss of the amount invested shall be borne by the investor.

Source: Vanguard; SONIA - The benchmark for this portfolio was the 1 Week GBP LIBID until 4 December 2020, and with effect from such date is now the SONIA. SONIA is the abbreviation for the Sterling Overnight Index Average, which reflects the average of interest rates that banks pay to borrow overnight, unsecured sterling cash on a given day.

Past performance is not a reliable indicator of future results.

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

Recent performance and average annual total returns are calculated through month-end.

Performance data will be available after one full year of history. Performance will not be shown for funds which do not have one full year of data available.

Figures for periods of less than one year are cumulative returns. All other figures represent average annual returns. Performance figures include the reinvestment of all dividends and any capital gains distributions. The performance data does not take account of the commissions and costs incurred in the issue and redemption of shares. Basis of fund performance NAV to NAV with gross income reinvested.

Performance

Total Returns

-

Growth of 10,000

Viewing 31 Jul 2021 - 31 Jul 2022

TickerISINBloombergFund nameShare class

Risk and Volatility

As at 02 Aug 2022

Beta
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

As at 30 Jun 2022

FundamentalsFund
Number of issuers 25
Weighted Average Life 56.4 Years
Weighted Average Maturity 44.6 Years
Net yield 0.3%

Distribution by credit quality (% of funds)

As at 29 Jul 2022

Distribution by credit issuer (% of funds)

As at 29 Jul 2022

Distribution by credit maturity (% of funds)

As at 29 Jul 2022

Top 10 holdings

As at 29 Jul 2022

RankHolding% Market Value
1DZ BANK GENOSSENSCHAFTSBA TD - 01Aug2213.67%
2NATIXIS TD - 01Aug2212.30%
3United Kingdom Gilt12.16%
4COOPERATIEVE RABOBANK U.A. TD - 01Aug2210.63%
5CREDIT AGRICOLE CIB TD - 01Aug229.11%
6United Kingdom Treasury Bill6.05%
7Nationwide Building Society4.56%
8NATIONAL AUSTRALIA BANK Ltd.4.56%
9TORONTO-DOMINION BANK (LONDON BRAN4.56%
10United Kingdom Treasury Bill4.56%

The 10 main holdings represent 82.20% of the market value

Holdings details

As at 30 Jun 2022

Holding nameCoupon/YieldMaturity date% of assets
United Kingdom Gilt 0.50 22 Jul 2022 26.23282%
DZ BANK GENOSSENSCHAFTSBA TD - 01Jul22 1.16 01 Jul 2022 13.44822%
United Kingdom Gilt 1.75 07 Sep 2022 13.13229%
COOPERATIEVE RABOBANK U.A. TD - 01Jul22 1.15 01 Jul 2022 7.38012%
NATIONWIDE BUILDING SOCIETY 1.19 02 Aug 2022 4.92085%
AGENCE CENTRALE DES ORGANISMES DE 0.00 05 Jul 2022 4.91988%
NORDEA BANK AB 0.00 11 Jul 2022 4.91858%
SUMITOMO MITSUI BANKING Corp. (BRUS 13 Jul 2022 4.91831%
MITSUBISHI UFJ TRUST AND BANKING C 0.00 15 Jul 2022 4.91772%
United Kingdom Treasury Bill 0.00 08 Aug 2022 4.91333%

Prices and distribution

Prices

NAV Price (GBP)
£1.00
At closure 09 Aug 2022
NAV 52-week high
£1.00
At closure 09 Aug 2022
NAV 52-week low
£1.00
At closure 09 Aug 2022
NAV 52-week difference
£0.00
Change
+0.11%
At closure 09 Aug 2022

Price analysis

-

Historical Prices

-

Inception date

17 Jul 2019

Date NAV (GBP)
09 Aug 2022 £1.0001
08 Aug 2022 £1.0001
05 Aug 2022 £1.0000
04 Aug 2022 £0.9999
03 Aug 2022 £0.9999
02 Aug 2022 £0.9998
01 Aug 2022 £0.9998
29 Jul 2022 £1.0007
28 Jul 2022 £1.0006
27 Jul 2022 £1.0006

Distribution history

Distribution frequency

Monthly

Historical performance 29 Jul 2022

0.27%

TypeDistribution amount (per unit)Ex-dividend dateRegistration datePayable date
Income £0.0009 01 Aug 2022 29 Jul 2022 31 Aug 2022
Income £0.0008 01 Jul 2022 30 Jun 2022 29 Jul 2022
Income £0.0006 01 Jun 2022 31 May 2022 30 Jun 2022
Income £0.0004 03 May 2022 29 Apr 2022 31 May 2022
Income £0.0003 01 Apr 2022 31 Mar 2022 29 Apr 2022
Income £0.0001 01 Mar 2022 28 Feb 2022 31 Mar 2022
Income £0.0000 01 Feb 2022 31 Jan 2022 28 Feb 2022
Income £0.0000 04 Jan 2022 31 Dec 2021 31 Jan 2022
Income £0.0000 01 Nov 2021 29 Oct 2021 30 Nov 2021
Income £0.0000 01 Oct 2021 30 Sep 2021 29 Oct 2021

Purchase information

Currency

Base currency: GBP

Fund codes

  • Bloomberg: VASSTAI
  • Citi: PJEM
  • ISIN: GB00BGB6GZ57
  • MEX ID: VVWDB
  • SEDOL: BGB6GZ5

Product Detail Meta data: Author mode

Port Id:9974
Product Type: mf
Author Environment: true