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
21
07 Nov 2025
45.5 Days
07 Nov 2025
45.5 Days
07 Nov 2025
Net yield
4.35%
07 Nov 2025
Yield to maturity
3.88%
07 Nov 2025
Distribution by credit quality (% of funds)
As at 31 Oct 2025
Credit Rating
Fund
A-1
33.23%
A-1+
55.10%
Cash
11.67%
Total
100.00%
Distribution by credit issuer (% of funds)
As at 31 Oct 2025
Issuers
Fund
U.K. Treasury Bills
39.03%
Time Deposit
29.58%
U.K. Commercial Paper
14.16%
Cash
11.67%
Other
5.03%
Covered Bonds
0.53%
Total
100.00%
Distribution by credit maturity (% of funds)
As at 31 Oct 2025
Maturity
Fund
Under 1 Week
36.84%
1 Week - 1 Month
20.47%
1 - 3 Months
23.03%
3 - 6 Months
19.09%
6 Months - 1 Year
0.57%
Total
100.00%
Top 10 holdings
As at 07 Nov 2025
Rank
Holding
Country
Maturity
Asset type
% Market Value
1
CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK SA
FR
10/11/25
Money Market
9.92%
2
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTSBANK FRANKFURT AM MAIN
DE
10/11/25
Money Market
9.92%
3
NATIXIS SA
FR
10/11/25
Money Market
9.92%
4
United Kingdom Treasury Bill
GB
01/12/25
Government Bond
4.66%
5
COOPERATIEVE RABOBANK UA
NL
10/11/25
Money Market
4.61%
6
United Kingdom Treasury Bill
GB
10/11/25
Government Bond
4.29%
7
United Kingdom Treasury Bill
GB
17/11/25
Government Bond
4.12%
8
United Kingdom Treasury Bill
GB
24/11/25
Government Bond
3.81%
9
United Kingdom Treasury Bill
GB
15/12/25
Government Bond
2.85%
10
British Pound Sterling
GB
—
Currency
2.84%
The 10 main holdings represent 57.00% of the market value
Prices and distribution
Prices
NAV Price (GBP)
£1.00
Change
+£0.000.01%
At closure 12 Nov 2025
NAV 52-week high
£1.00
At closure 13 Nov 2025
NAV 52-week low
£1.00
At closure 13 Nov 2025
NAV 52-week difference
£0.00
Change
+0.39%
At closure 13 Nov 2025
Historical Prices
-
Inception date
17 Jul 2019
Date
NAV (GBP)
12 Nov 2025
£1.0008
11 Nov 2025
£1.0007
10 Nov 2025
£1.0006
07 Nov 2025
£1.0004
06 Nov 2025
£1.0002
05 Nov 2025
£1.0001
04 Nov 2025
£1.0000
03 Nov 2025
£0.9999
31 Oct 2025
£1.0032
30 Oct 2025
£1.0030
Distribution history
Distribution frequency
Monthly
Historical performance 31 Oct 2025
4.34%
Type
Distribution amount (per unit)
Ex-dividend date
Registration date
Payable date
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
Income
£0.0040
03 Feb 2025
31 Jan 2025
28 Feb 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).
As at 31 Oct 2025
Sterling Overnight Index Average
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.