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
06 Feb 2024
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
—
Currency
GBP
Investment manager
Vanguard Asset Management, Ltd.
Europe Bond Index Team
Benchmark
Performance
Portfolio data
Characteristics
Fundamentals
Fund
As at
Number of issuers
24
15 May 2026
30.1 Days
08 May 2026
30.1 Days
08 May 2026
Net yield
3.63%
08 May 2026
Yield to maturity
3.76%
15 May 2026
As at 08 May 2026
Credit Rating
A-1
30.93%
A-1+
56.52%
Cash
7.81%
Total
95.00%
Distribution by credit issuer (% of funds)
As at 08 May 2026
Issuers
Fund
Time Deposit
40.67%
Bonds - Government
25.65%
Commercial Paper
19.59%
Cash
7.81%
Bonds - Sovereign/Supranational/Agency
6.28%
Total
100.00%
Distribution by credit maturity (% of funds)
As at 08 May 2026
Maturity
Fund
Under 1 Week
44.72%
1 Week - 1 Month
18.33%
1 - 3 Months
30.29%
3 - 6 Months
6.39%
6 Months - 1 Year
0.26%
Total
100.00%
Top 10 holdings
As at 15 May 2026
Rank
Holding
Country
Maturity
Asset type
% Market Value
1
BRED BANQUE POPULAIRE
FR
18/05/26
Term Deposit
7.25%
2
United Kingdom Treasury Bill
GB
18/05/26
Government Bond
5.44%
3
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTSBANK FRANKFURT AM MAIN
DE
18/05/26
Term Deposit
4.51%
4
COMMERZBANK AG
DE
18/05/26
Term Deposit
4.51%
5
ROYAL BANK OF CANADA (LONDON BRANCH)
GB
18/05/26
Term Deposit
4.51%
6
CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK SA
FR
18/05/26
Term Deposit
4.51%
7
AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD (LONDON BRANCH)
GB
18/05/26
Term Deposit
4.51%
8
COOPERATIEVE RABOBANK UA
NL
18/05/26
Term Deposit
4.51%
9
BANK OF NOVA SCOTIA (LONDON BRANCH)
GB
18/05/26
Term Deposit
4.51%
10
United Kingdom Gilt
GB
22/07/26
Government Bond
3.25%
The 10 main holdings represent 47.50% of the market value
Prices and distribution
Prices
NAV Price (GBP)
£1.10
Change
+£0.000.02%
At closure 18 May 2026
NAV 52-week high
£1.10
At closure 19 May 2026
NAV 52-week low
£1.06
At closure 19 May 2026
NAV 52-week difference
£0.04
Change
+3.75%
At closure 19 May 2026
Historical Prices
-
Inception date
06 Feb 2024
Date
NAV (GBP)
18 May 2026
£1.1047
15 May 2026
£1.1045
14 May 2026
£1.1042
13 May 2026
£1.1041
12 May 2026
£1.1040
11 May 2026
£1.1039
08 May 2026
£1.1037
07 May 2026
£1.1035
06 May 2026
£1.1034
05 May 2026
£1.1032
Distribution history
Distribution frequency
—
Historical performance 30 Apr 2026
3.85%
All dividends are reinvested for the "Accumulation" shares.
Purchase information
Currency
Base currency: GBP
Fund codes
Bloomberg: VASTMGA
Citi: AXOZV
ISIN: GB00BFYDWM59
MEX ID: VVWDA
SEDOL: BFYDWM5
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 30 Apr 2026
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.