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LifeStrategy quarterly update | Q2 2026
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For more kinds of life
We provide a broad range of multi-asset solutions combining different mixes of equities and bonds. The right one for your client will depend on their investment goals, time horizons and risk appetite.
As an adviser, you can also enjoy the peace of mind that comes from knowing Vanguard is a global leader in providing multi-asset solutions for investors.
Why Vanguard for multi-asset?
More time back
As a one-stop portfolio solution for your clients, multi-asset funds and model portfolios allow you to spend more time focusing on your clients, and less time configuring and managing their portfolios.
More peace of mind
With $1 trillion invested in our multi-asset solutions around the world, we have a proven track record of developing and managing multi-asset portfolios for investors (1).
More value to clients
Low maintenance, low fees and consistent performance, means maximum value for your clients (2).
(1) Vanguard. Data as at 31 December, 2023.
(2) Source: Vanguard Assessment of Value Report. Morningstar. Performance of UK-domiciled value funds relative to Morningstar peer group, including UK, Luxembourg and Ireland-dominated multi-factor (MF) funds and exchange-traded funds (ETFs) (all share classes). Does not include funds that were launched in 2021. Data between 1/10/2017 and 30/09/2022.
Focus on your clients, leave the rest to us
Our research suggests clients greatly value the uniquely human skills advisers offer, as well as their emotional support and guidance through sometimes difficult market conditions.
At the same time, advised clients tend to favour automation for portfolio related tasks such as asset allocation and rebalancing (1).
This is the beauty of our multi-asset solutions. Once you've decided which one suits your client's goals and appetite for risk best, you can leave the portfolio tasks to us, and focus on what they really want from you; your advice and guidance.
(1) Source: Vanguard. See P. Costa and J. E. Henshaw, 2021: ‘Quantifying the investor’s view on the value of human and robo advice.’
Our multi-asset solutions
By spreading investments across assets with different risk and return expectations and characteristics, strategic multi-asset portfolios seek to leverage the benefits of diversification to help investors meet their long-term return objectives.
LifeStrategy®
Available as a fund or model portfolio, LifeStrategy® offers a simple, low-cost way to give your investors access to equity and bond markets around the world. With five different equity-to-bond ratios to choose from, you have the flexibility to suit your individual client’s needs.
More about LifeStrategy® Funds
More about LifeStrategy® Model Portfolios
BlendedLife Dynamic MPS
BlendedLife Dynamic MPS aims to deliver long-term growth by combining index funds and active funds in a range of portfolios.
This offers your clients the potential outperformance of active management with the diversification of low-cost indexing.
Available in five different asset allocations, from 20% equities to 100% equities.
ActiveLife Climate Aware
Vanguard’s ActiveLife Climate Aware funds are designed for investors who want to generate long-term growth from their investments, while allocating assets based on certain ESG considerations.
Target Retirement Funds
Target Retirement Funds are designed to make investing for retirement simple. By automatically adjusting the amount of equities in the portfolio over time, the funds are designed to take more risk in the early stages of investment in order to generate returns, and reduce that risk as an investor approaches retirement and begins to draw down their savings.
Compare multi-asset solutions
LifeStrategy | BlendedLife MPS | ActiveLife Climate Aware | Target Retirement | |
|---|---|---|---|---|
Available as funds | ||||
Available as model portfolios | ||||
Management style | Index | Mix of index and active | Active | Glide path |
Investment manager | Vanguard Asset Management | Vanguard Asset Management (with Wellington Management Company acting as investment adviser) | Wellington Management Company | Vanguard Asset Management |
Risk profiles available | 5 | 5 | 3 | Asset allocation adjusts as target date approaches |
Costs | OCF(1) of 0.20% for funds.
All-in cost of 0.17% to 0.18%(2) for model portfolios. | All-in cost of 0.34% to 0.45%(3) | OCF(1) of 0.48% | OCF(1) of 0.24% |
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
(1) As at 27 January 2026. The Ongoing Charges Figure (OCF) covers the fund manager’s costs of managing the fund. It does not include dealing costs or additional costs such as audit fees.
(2) As at 17 June 2026. All-in costs include Ongoing Charges Figure (OCF) and Annual Management Charge (AMC) that covers the discretionary management of the managed portfolio service, ongoing oversight, and regular rebalancing of the portfolios. The portfolio charge is exclusive of VAT and any adviser, platform, or dealing charges. The OCF covers the AMC together with administration, audit, depository, legal, registration and regulatory expenses incurred in respect of the underlying funds. The managed portfolio service OCF, is created by weighting and combining the underlying fund OCFs. It excludes transaction or dealing costs of the underlying funds.
(3) As at 24 February 2026. All-in costs include Ongoing Charges Figure (OCF) and Annual Management Charge (AMC) that covers the discretionary management of the managed portfolio service, ongoing oversight, and regular rebalancing of the portfolios. The portfolio charge is exclusive of VAT and any adviser, platform, or dealing charges. The OCF covers the AMC together with administration, audit, depository, legal, registration and regulatory expenses incurred in respect of the underlying funds. The managed portfolio service OCF, is created by weighting and combining the underlying fund OCFs. It excludes transaction or dealing costs of the underlying funds.
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LifeStrategy quarterly update | Q2 2026
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Our investment experts discuss recent market developments, the outlook for multi-asset investors and what lies ahead for the remainder of 2026.
Madison McCall, Claire Hsu and Laurie Nicholson
Investment risk information
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Some funds invest in emerging markets which can be more volatile than more established markets. As a result the value of your investment may rise or fall.
Investments in smaller companies may be more volatile than investments in well-established blue chip companies.
The Vanguard Target Retirement Funds and Vanguard LifeStrategy® Funds may invest in Exchange Traded Fund (ETF) shares.
ETF shares can be bought or sold only through a broker. Investing in ETFs entails stockbroker commission and a bid- offer spread which should be considered fully before investing.
Funds investing in fixed interest securities carry the risk of default on repayment and erosion of the capital value of your investment and the level of income may fluctuate. Movements in interest rates are likely to affect the capital value of fixed interest securities. Corporate bonds may provide higher yields but as such may carry greater credit risk increasing the risk of default on repayment and erosion of the capital value of your investment. The level of income may fluctuate and movements in interest rates are likely to affect the capital value of bonds.
The Funds may use derivatives in order to reduce risk or cost and/or generate extra income or growth. The use of derivatives could increase or reduce exposure to underlying assets and result in greater fluctuations of the Fund's net asset value. A derivative is a financial contract whose value is based on the value of a financial asset (such as a share, bond, or currency) or a market index.
Some funds invest in securities which are denominated in different currencies. Movements in currency exchange rates can affect the return of investments.
For further information on risks please see the “Risk Factors” section of the prospectus on our website.
For further information on the model portfolio(s) risks please see the Understanding the Risks: Vanguard LifeStrategy model portfolio solutions document and Understanding the Risks: Vanguard BlendedLife model portfolio solutions document as well as the “Risk Factors”section of the prospectus of the underlying funds on our website. For third-party funds, please visit the respective provider’s website.
Important information
This document is directed at professional investors and should not be distributed to, or relied upon by retail investors.
For further information on the fund's investment policies and risks, please refer to the prospectus of the UCITS and to the KIID before making any final investment decisions. The KIID for this fund is available, alongside the prospectus via Vanguard’s website.
For further information on the investment policies and risks of the underlying fund, please refer to the prospectus and KIID of the underlying funds. For Vanguard funds, the KIID for each fund is available, alongside the prospectus via Vanguard’s website. For third-party funds, please visit the respective provider’s website.
This is designed for use by, and is directed only at persons resident in the UK.
The information contained herein is not to be regarded as an offer to buy or sell or the solicitation of any offer to buy or sell securities in any jurisdiction where such an offer or solicitation is against the law, or to anyone to whom it is unlawful to make such an offer or solicitation, or if the person making the offer or solicitation is not qualified to do so. The information is general in nature and does not constitute legal, tax, or investment advice. Potential investors are urged to consult their professional advisers on the implications of making an investment in, holding or disposing of "units/shares", and the receipt of distribution from any investment.
The Authorised Corporate Director for Vanguard LifeStrategy Funds ICVC is Vanguard Investments UK, Limited. Vanguard Asset Management, Limited is a distributor of Vanguard LifeStrategy Funds ICVC.
The Authorised Corporate Director for Vanguard Investments Funds ICVC is Vanguard Investments UK, Limited. Vanguard Asset Management, Limited is a distributor of Vanguard Investments Funds ICVC.
For investors in UK domiciled funds, a summary of investor rights is available in English.
For investors in Ireland domiciled funds, a summary of investor rights is available in English, German, French, Spanish, Dutch and Italian.