The Fund seeks to hold investments that will pay out money and increase in value through a portfolio comprising approximately 40% shares and 60% bonds and other similar fixed income investments.
The Fund gains exposure to shares and bonds and other similar fixed income investments by investing more than 90% of its assets in Vanguard passive funds that track an index (“Associated Schemes”). Direct investment in shares and bonds and other similar fixed income investments may also be made.
The Fund is actively managed in that the Investment Adviser has discretion in respect of the Associated Schemes in which the Fund may invest and the allocations to them, each of which may change over time. The Investment Adviser manages the Fund through the pre-determined exposure to shares and bonds (and other similar fixed income investments), as detailed above.
The Fund will have exposure to shares of UK companies and non-UK companies (including emerging markets (i.e. countries that are progressing toward becoming advanced, usually shown by some development in financial markets, the existence of some form of stock exchange and a regulatory body)), and to Sterling-denominated and non-Sterling denominated bonds (including government bonds, index-linked bonds and UK investment-grade bonds). The UK will generally form one of the largest single country exposures for shares and bonds.
The Fund attempts to remain fully invested and hold small amounts of cash except in extraordinary market, political or similar conditions where the Fund may temporarily depart from this investment policy.
Fund facts
Share class inception
23 Jun 2011
Minimum initial investment
£100,000.00
Investment structure
UK OEIC
Share Class Assets'
Total Assets
—
Asset Class
Multi-Asset
Domicile
United Kingdom
Dividend schedule
—
Tax status
—
Currency
GBP
Investment manager
Vanguard Asset Management, Ltd.
Europe Equity Index Team
The value of investments, and the income from them, may fall or rise and investors may get back less than they invested.
Performance
Portfolio data
Allocation to underlying Vanguard funds
As at 30 Sep 2025
Percentage
FTSE Developed World ex-U.K. Equity Index Fund GBP Acc
19.33%
Global Bond Index Fund GBP Hedged Acc
19.07%
U.K. Government Bond Index Fund GBP Acc
11.00%
FTSE U.K. All Share Index Unit Trust GBP Acc
10.01%
U.S. Equity Index Fund GBP Acc
5.87%
Global Aggregate Bond UCITS ETF GBP Hedged Accumulating
4.91%
U.S. Government Bond Index Fund GBP Hedged Acc
4.87%
U.K. Investment Grade Bond Index Fund GBP Acc
4.79%
U.K. Inflation-Linked Gilt Index Fund GBP Acc
3.96%
Euro Government Bond Index Fund GBP Hedged Acc
3.76%
Emerging Markets Stock Index Fund GBP Acc
3.28%
U.S. Investment Grade Credit Index Fund GBP Hedged Acc
2.56%
Euro Investment Grade Bond Index Fund GBP Hedged Acc
2.12%
USD Corporate Bond UCITS ETF GBP Hedged Accumulating
1.53%
Japan Government Bond Index Fund GBP Hedged Acc
1.19%
FTSE Developed Europe ex-U.K. Equity Index Fund GBP Acc
1.05%
Japan Stock Index Fund GBP Acc
0.53%
Pacific ex-Japan Stock Index Fund GBP Acc
0.25%
Total allocation percentages shown may not equal 100% due to rounding
Asset allocation
As at 30 Sep 2025
Percentage
Bond
59.68%
Stock
40.32%
Prices and distribution
Prices
NAV Price (GBP)
£222.70
Change
-£0.12-0.05%
At closure 31 Oct 2025
NAV 52-week high
£222.95
At closure 03 Nov 2025
NAV 52-week low
£195.33
At closure 03 Nov 2025
NAV 52-week difference
£27.62
Change
+12.39%
At closure 03 Nov 2025
Historical Prices
-
Inception date
23 Jun 2011
Date
NAV (GBP)
31 Oct 2025
£222.7040
30 Oct 2025
£222.8248
29 Oct 2025
£222.9507
28 Oct 2025
£222.8043
27 Oct 2025
£222.3122
24 Oct 2025
£221.5074
23 Oct 2025
£220.9433
22 Oct 2025
£220.4753
21 Oct 2025
£220.1102
20 Oct 2025
£219.6844
Distribution history
Distribution frequency
—
Historical performance 30 Sep 2025
2.13%
All dividends are reinvested for the "Accumulation" shares.
Purchase information
Currency
Base currency: GBP
Fund codes
Bloomberg: VGLS40A
ISIN: GB00B3ZHN960
MEX ID: VVLFSU
SEDOL: B3ZHN96
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).