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
—
Tax status
—
Currency
GBP
Investment manager
Vanguard Asset Management, Ltd.
Europe Bond Index Team
Benchmark
SONIA
Performance
Portfolio data
Characteristics
Fundamentals
Fund
As at
Number of issuers
20
27 Mar 2026
Weighted Average Life
33.6 Days
20 Mar 2026
Weighted Average Maturity
33.6 Days
20 Mar 2026
Net yield
4.03%
20 Mar 2026
Distribution by credit quality (% of funds)
As at 20 Mar 2026
Credit Rating
Fund
A-1
37.54%
A-1+
62.47%
Cash
-0.01%
Total
100.00%
Distribution by credit issuer (% of funds)
As at 20 Mar 2026
Issuers
Fund
Time Deposit
51.05%
Commercial Paper
23.50%
Bonds - Government
20.85%
Bonds - Sovereign/Supranational/Agency
4.61%
Cash
-0.01%
Total
100.00%
Distribution by credit maturity (% of funds)
As at 20 Mar 2026
Maturity
Fund
Under 1 Week
52.48%
1 Week - 1 Month
11.90%
1 - 3 Months
27.02%
3 - 6 Months
8.11%
6 Months - 1 Year
0.48%
Total
100.00%
Top 10 holdings
As at 27 Mar 2026
Rank
Holding
Country
Maturity
Asset type
% Market Value
1
ROYAL BANK OF CANADA (LONDON BRANCH)
GB
30/03/26
Money Market
9.88%
2
DZ BANK AG DEUTSCHE ZENTRAL GENOSSENSCHAFTSBANK FRANKFURT AM MAIN
DE
30/03/26
Money Market
9.88%
3
AUSTRALIA AND NEW ZEALAND BANKING GROUP LTD (LONDON BRANCH)
GB
30/03/26
Money Market
9.88%
4
COOPERATIEVE RABOBANK UA
NL
30/03/26
Money Market
9.88%
5
CREDIT AGRICOLE CORPORATE AND INVESTMENT BANK SA
FR
30/03/26
Money Market
6.21%
6
BRED BANQUE POPULAIRE
FR
30/03/26
Money Market
4.02%
7
British Pound Sterling
GB
—
Currency
3.63%
8
United Kingdom Treasury Bill
GB
13/04/26
Government Bond
3.21%
9
United Kingdom Treasury Bill
GB
26/05/26
Government Bond
3.19%
10
United Kingdom Treasury Bill
GB
01/06/26
Government Bond
3.19%
The 10 main holdings represent 63.00% of the market value
Holdings details
-
Temporarily unavailable
Prices and distribution
Prices
NAV Price (GBP)
£1.10
Change
+£0.000.01%
At closure 01 Apr 2026
NAV 52-week high
£1.10
At closure 01 Apr 2026
NAV 52-week low
£1.06
At closure 01 Apr 2026
NAV 52-week difference
£0.04
Change
+3.83%
At closure 01 Apr 2026
Historical Prices
-
Inception date
06 Feb 2024
Date
NAV (GBP)
01 Apr 2026
£1.0994
31 Mar 2026
£1.0993
30 Mar 2026
£1.0992
27 Mar 2026
£1.0990
26 Mar 2026
£1.0987
25 Mar 2026
£1.0986
24 Mar 2026
£1.0985
23 Mar 2026
£1.0984
20 Mar 2026
£1.0982
19 Mar 2026
£1.0980
Distribution history
Distribution frequency
—
Historical performance 28 Feb 2026
3.95%
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).