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
Currency
GBP
Investment manager
Vanguard Asset Management, Ltd.
Europe Bond Index Team
Benchmark
Performance
Portfolio data
Characteristics
Fundamentals
Fund
As at
Number of issuers
22
02 Jan 2026
43.1 Days
26 Dec 2025
43.1 Days
26 Dec 2025
Net yield
4.23%
26 Dec 2025
Yield to maturity
3.75%
02 Jan 2026
Distribution by credit quality (% of funds)
As at 19 Dec 2025
Credit Rating
Fund
A-1
28.71%
A-1+
67.01%
Cash
4.27%
Total
100.00%
Distribution by credit issuer (% of funds)
As at 19 Dec 2025
Issuers
Fund
U.K. Treasury Bills
34.16%
Time Deposit
34.07%
U.K. Commercial Paper
23.29%
Cash
4.28%
Other
3.78%
Covered Bonds
0.42%
Total
100.00%
Distribution by credit maturity (% of funds)
As at 19 Dec 2025
Maturity
Fund
Under 1 Week
33.86%
1 Week - 1 Month
12.40%
1 - 3 Months
41.65%
3 - 6 Months
10.32%
6 Months - 1 Year
1.76%
Total
100.00%
Top 10 holdings
As at 02 Jan 2026
Rank
Holding
Country
Maturity
Asset type
% Market Value
1
CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK SA
FR
05/01/26
Money Market
9.74%
2
ROYAL BANK OF CANADA
CA
05/01/26
Money Market
9.74%
3
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTSBANK FRANKFURT AM MAIN
DE
05/01/26
Money Market
9.74%
4
COOPERATIEVE RABOBANK UA
NL
05/01/26
Money Market
6.46%
5
United Kingdom Treasury Bill
GB
05/01/26
Government Bond
4.33%
6
United Kingdom Treasury Bill
GB
12/01/26
Government Bond
3.41%
7
British Pound Sterling
GB
—
Currency
3.29%
8
United Kingdom Treasury Bill
GB
26/01/26
Government Bond
2.32%
9
United Kingdom Treasury Bill
GB
02/02/26
Government Bond
2.11%
10
United Kingdom Treasury Bill
GB
16/03/26
Government Bond
2.10%
The 10 main holdings represent 53.30% of the market value
Prices and distribution
Prices
NAV Price (GBP)
£1.00
Change
+£0.000.02%
At closure 06 Jan 2026
NAV 52-week high
£1.00
At closure 06 Jan 2026
NAV 52-week low
£1.00
At closure 06 Jan 2026
NAV 52-week difference
£0.00
Change
+0.39%
At closure 06 Jan 2026
Historical Prices
-
Inception date
17 Jul 2019
Date
NAV (GBP)
06 Jan 2026
£1.0004
05 Jan 2026
£1.0002
02 Jan 2026
£1.0000
31 Dec 2025
£1.0032
30 Dec 2025
£1.0030
29 Dec 2025
£1.0029
24 Dec 2025
£1.0026
23 Dec 2025
£1.0023
22 Dec 2025
£1.0022
19 Dec 2025
£1.0020
Distribution history
Distribution frequency
Monthly
Historical performance 30 Nov 2025
4.28%
Type
Distribution amount (per unit)
Ex-dividend date
Registration date
Payable date
Income
£0.0029
01 Dec 2025
28 Nov 2025
31 Dec 2025
Income
£0.0035
03 Nov 2025
31 Oct 2025
28 Nov 2025
Income
£0.0032
01 Oct 2025
30 Sep 2025
31 Oct 2025
Income
£0.0034
01 Sep 2025
29 Aug 2025
30 Sep 2025
Income
£0.0035
01 Aug 2025
31 Jul 2025
29 Aug 2025
Income
£0.0033
01 Jul 2025
30 Jun 2025
31 Jul 2025
Income
£0.0037
02 Jun 2025
30 May 2025
30 Jun 2025
Income
£0.0036
01 May 2025
30 Apr 2025
30 May 2025
Income
£0.0035
01 Apr 2025
31 Mar 2025
30 Apr 2025
Income
£0.0034
03 Mar 2025
28 Feb 2025
31 Mar 2025
Purchase information
Currency
Base currency: GBP
Fund codes
Bloomberg: VASSTAI
Citi: PJEM
ISIN: GB00BGB6GZ57
MEX ID: VVWDB
SEDOL: BGB6GZ5
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).
Weighted average life (WAL) of an amortizing loan or amortising bond, also called average life, is the weighted average of the times of the principal repayments: it's the average time until a dollar of principal is repaid.
Weighted average maturity (WAM) is the weighted average amount of time until the maturities on mortgages in a mortgage-backed security (MBS). This term is used more broadly to describe maturities in a portfolio of debt securities, including corporate debt and municipal bonds.